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Thursday, May 10, 2018

My CFP® role is to know my clients best to help achieve their goals. Third Party investment specialists like CFA®s-Chartered Financial Analysts®-have advanced investment knowledge that, working with us, might improve clients' investments.

 

Sunday, April 8, 2018

Freedom of Choice. No other transaction required. Comprehensive plan or specific solution available. Pay just for what you need. Hourly rate. No required minimum assets or hours. Objective, no-conflict written second opinion by a CFP(r).

 

Saturday, March 24, 2018

On-line providers might offer products & services at lower expense than traditional advisers. And make some other services available at additional charge(s.) Or just not offer some services provided by individual financial advisers. Ask!

 

Tuesday, February 6, 2018

"Fixed" Income might be somewhat less fixed than you might think. The Fixed Income category has choices. Not all guaranteed. Not all known in advance. Trade-offs exist. Pick the ones that are most in your interests.

 

Monday, January 29, 2018

As a CFP(R), along with a Finance MBA, CLU(R) and 28 years of experience, I specialize in helping clients with the more complex financial, estate and insurance situations typically outside the competence of mass market & on-line providers

 

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Sunday, January 7, 2018

(1) Can't afford LTCi. WILL use Medicaid. (2) $10,000,000+ Net Worth-Probably can fund care out-of-pocket. (3) Economic "Middle" Couples combining resources to fund joint retirement might face financial disruption so should study LTCi.

 

Tuesday, December 19, 2017

Mission Statement: My mission is to make significant Improvement in clients' peace of mind and actual situation. For typical people in the economic middle. Acting only in clients' best interests - my view of the Fiduciary Standard.

 

Tuesday, December 19, 2017

10 things to do with your life insurance. 1-Tax-free exchange 2-Reduce face 3-Reduced paid-up 4-Pay different amount 5-Convert term to perm 6-Trust changes 7-Surrender for cash 8-Life settlement 9-Re-illustrate 10-Beneficiary change

 

Thursday, December 7, 2017

So you may ask questions before discussing confidential items. Then I would look at documents. Then we could have a second phone call (both spouses if married) to discuss your values, goals & documents. No charge or obligation for the calls

 

Saturday, October 14, 2017

Plan Early - You Might Have More Choices - Care Choices as well as Financial Choices Medicaid Rules and Their Enforcement Continue to Change and Evolve - Including Differences Between States Consult professionals. Get the facts....

 

Tuesday, August 15, 2017

Does Your Fiduciary follow the Duty of Care as well as the Duty of Loyalty? It's not optional! Financial "Folks" / entities who say they follow the Fiduciary Standard but do not follow the Duty of Care might face legal jeopardy.

 

Thursday, June 29, 2017

Potentially lose months of access to a loved one's assets if Power of Attorney (POA) is not honored ... Potentially lose retirement security if Beneficiary Designations are not up-to-date ... Excess taxes if rollover rules not followed ...

 

Sunday, June 25, 2017

Registered Investment Advisors (RIAs) and Investment Advisor Representatives (IARs) might receive consulting or financial planning or investment advice fees. Registered Representatives might receive commissions for investment transactions.

 

Tuesday, June 20, 2017

If you have ... Spouse - Children - IRA - Grandchildren - More real estate than just primary residence - Annuity - Life Insurance - Business - etc. - then you might benefit by paying a Fiduciary.

 

Monday, June 19, 2017

Per Motley Fool: 1) Fees: Based on: A) Per cent of assets. B) Hourly Rate. C) Flat fee for a 1-time Financial Plan. 2) Commissions: A) 1-time for sales. B) Ongoing service payments. C) For transactions.

 

Friday, June 2, 2017

Values & Goals - Income - Expenses - Assets - Investments - Liabilities & Debt - Insurance - Marriage - Tax - Business - Estate Planning - Debt - Real Estate - Retirement - Pension - Annuities

 

Wednesday, May 31, 2017

Investments-IRA-401(k); Beneficiary Designations; Pension; Deferred Comp; Taxes; Insurances; Businesses; Real Estate; Debts; Annuities; Will; Trusts; Divorce; Legal agreements; Inheritance; Beneficiary of a Trust or Annuity Income Stream

 

Tuesday, May 30, 2017

CFP® Board financial planning process adheres to Fiduciary Standard: 1) Agree on how to work together. 2) Gather information on finances & set goals. 3) Analyze & Strategize. 4) Recommendations. 5) Put plan into motion. 6) Monitor progress

 

Sunday, April 30, 2017

Financial Folks are not all required to act in clients best interests. Any Fiduciary is. "Virtual Fiduciary " or local. Is your adviser Fiduciary? Get it in writing!

 

Wednesday, April 19, 2017

Financial folks are provided a large if not dizzying array of software. Output is often visually attractive. But is it useful? Is it fiduciary? Or just boilerplate or a template?

 

Thursday, March 2, 2017

While investment management and financial advice are both important, for individuals and / or couples, fiduciary financial advice is critical.

 

Monday, February 20, 2017

To retire the way you wish, as well as manage risks for yourself and family, it might be critical to have life insurance and / or long-term care insurance and / or disability income insurance.

 

Monday, January 23, 2017

Financial advisers might combine investment management & financial planning fees. But clients' situations differ. Investment management might be competitively overpriced . And / or financial planning might not be at fiduciary thoroughness.

 

Saturday, January 14, 2017

A fiduciary must have all your information and documents to follow the fiduciary standard. Not every client complies. Not every financial person requires all the documents before actually implementing a solution. A double-edged sword!

 

Sunday, December 25, 2016

New Year's is a time some like to check their financial facts, goals and values. Here are some questions to help.

 

Wednesday, November 16, 2016

A bond is a debt investment - an investor loans money to an entity which borrows the funds for a defined period of time - typically paying interest twice a year - then paying back 100% of the principal at maturity.

 

Sunday, October 30, 2016

TSP-like a 401(k) for Federal employees-has advantages including index investing and very low expenses. Disadvantages: No one understands your situation so they can't provide individualized advice. Anonymous service. Low flexibility.

 

Sunday, June 5, 2016

Moshe Milevsky ... a very smart "quant" and annuity expert ... ran the numbers to figure out when to start your Guaranteed (joint) Lifetime Income benefit ... now ... or soon ... was the answer.

 

Sunday, June 5, 2016

The goal of a financial advisor should be to protect you from an unrecoverable (and "unforced") error. Free and / or very low cost resources might provide some competent technical advice ... with little or no Emotional Intelligence

 

Monday, May 9, 2016

Warren Buffet is one of the most successful "active" investors ... but he requires his estate to be invested "passively." He recently explained why ... "live streaming" ... (first time ever) at the Berkshire Hathaway annual meeting

 

Thursday, May 5, 2016

Everyone's situation is different. No "one-size-fits-all" solution. Retirement planning process is critical. Analysis first. Then recommendations.

 

Thursday, May 5, 2016

Financial firms behaving badly. A perfectly executed POA might not be enough. It might have to be drafted within 2-3 years. Ask all your providers if they will honor it. Keep their responses on file. Wash - rinse - repeat every year.

 

Thursday, April 21, 2016

Quoted from Jane Bryant Quinn. Jane paid $100,000 out of pocket for her (late) husband's care. When she was ready to marry again, she insisted he have LTCi.

 

Thursday, April 21, 2016

Fees Case Study: Simplified and Hypothetical. 1% on $1,000,000 is an annual fee of $10,000. Times 30 years is $300,000 over the 30 year period

 

Wednesday, April 20, 2016

"Do-It-Yourself" ... "DIY" ... is sometimes frowned upon. But if you keep things really simple -- and don't need to draw ongoing income (a much more complex task) might it be in your interest to Do-It-Yourself and save fees?

 

Wednesday, April 20, 2016

If you are retiring as a couple pooling your resources, certain insurance might be critical, especially Life Insurance and Long Term Care insurance.

 

Tuesday, March 29, 2016

There is no perfect choice for a retirement nest egg. Each has advantages and disadvantages ... maybe a mixture will best accomplish your goals.

 

Friday, March 18, 2016

"In theory there is no difference between theory and practice. In practice there is." Yogi Berra

 

Thursday, March 17, 2016

If you and /or a spouse / family member / friend ... won the lottery ... inherited money ... are analyzing retirement plan or pension distribution choices ...

 

Tuesday, March 15, 2016

Annuity definitions supplied by outside sources. Readers are invited to follow the links and read more for themselves.

 

Friday, March 11, 2016

Some financial people hold one license to legally offer one category of product or service. Other people hold multiple licenses and can legally offer more. This post has specific website links to hopefully reduce confusion.

 

Sunday, March 6, 2016

Comprehensive thought-provoking questions to ask yourself, your spouse and / or an aging parent or relative about holistic planning

 

Thursday, March 3, 2016

Published investment performance of college endowment funds showed all size categories underperformed a simple index strategy for 5 years. Only the $1 Billion+ category bettered the index for 10 years ... better by 0.4%.

 

Wednesday, March 2, 2016

I designed the brief introduction plus the Retirement Income Planning Questionnaire to stimulate your thinking about your current or future retirement income. Crunching your actual numbers makes it even better.

 

Tuesday, March 1, 2016

Stanford GSB & Wharton professors' research found superior investment skill exists persistently ... but individual investors can't benefit from it.

 

Saturday, February 13, 2016

Guaranteed Lifetime Income for a single person or a married couple might be available from several sources . Here are some possibilities.

 

Sunday, January 3, 2016

Aviation checklists are well-known to save lives. Financial checklists might not literally be life-saving ... but the impact on your family and your loved ones could be substantial. Take a look.

 

Saturday, January 2, 2016

If you are taking your financial advice from someone who doesn’t know your situation and is also not regulated by agencies tasked with protecting the public, beware and consider the sources.

 

Friday, December 25, 2015

As a Federal pre-retiree or retiree, consult with a CFP® -- CERTIFIED FINANCIAL PLANNER(tm) Professional who is already working with other Feds and is experienced with the Federal system. No charge or obligation.

 

Wednesday, December 23, 2015

Consult a Financial Professional familiar with Fed employees and retirees before moving your TSP money! TSP offers specific advantages. Make a full or partial change if benefits not available in TSP work better for you.

 

Sunday, December 6, 2015

Robo Advisors or financial salespeople might offer a good product, but might not properly address Big Picture issues like the Holistic 46 Point Checklist. Do-It-Yourself and miss a professional opinion unless you coordinate everything.

 

Thursday, August 14, 2014

New York Times article references other studies on the rare occurrences when skill actively picking specific investments seems to actually outperform a relevant index investment

 

Sunday, May 11, 2014

"Managed" or "active" investors claim to beat indexers net of fees. It is very difficult to do! And as they become successful, it appears to become even more difficult to beat the indexes.

 

Monday, April 14, 2014

Multiemployer pension plans, with a union and several employers, are in great danger of failing. And the PBGC, the Federal Government agency responsible for backing up these pensions, doesn’t have enough money to back them.

 

Sunday, March 30, 2014

Even though index or passive investments are recommended for reasons other than performance, Rick Ferri’s work shows that index or passive investments have at least a 3 to 1 probability of outperforming active ones

 

Wednesday, March 26, 2014

If you've been hit by rising LTCi (Long Term Care insurance) premiums, it's important to get the facts and understand your choices.

 

Monday, March 24, 2014

Currently it would not be uncommon for a client to pay a 1% advisory fee. There might be other internal expenses of perhaps an additional 0.50% - 1.50%. Is a total expense of 1.5% worth it? How about 2.5%? The answer clearly depends on . .

 

Tuesday, March 18, 2014

Even though it is now “relatively easy” for an individual to do his / her own investing, it’s not necessarily a good idea. Getting it right takes more work and attention than might be initially obvious. And avoiding...

 

Thursday, February 27, 2014

Guaranteed lifetime income could be a big advantage for many retirees, but this choices is very underutilized in the U.S. A recent Harvard Business Review Blog Post discussed this "puzzle."

 

Tuesday, February 25, 2014

I disagree with a portion of the Wall Street Journal article. Individual bonds are substantially superior to bond funds for many investors, especially those for whom capital preservation is important.

 

Friday, February 21, 2014

Paying the smallest amount of taxes legally possible on your retirement investments can pay off substantially. Whether you agree with current tax policies or not, it pays to be aware of them. Non-profit institutions such as big...

 

Thursday, February 20, 2014

WhatsApp has already achieved great success simply by recognizing change . . . and capitalizing on it! For a great number of us, this ability to recognize and make use of change might be critical to our successful retirement

 

Wednesday, February 19, 2014

Most folks do not have a good handle on their living expenses. Take some simple steps to understand how much your spending . . . and how much small changes could improve your retirement

 

Monday, February 17, 2014

Assuming an identical investment return of 7%, there would be $159,000 more in a 401(k) account using index funds than active funds at age 65. At age 709, the difference is $257,000!

 

Tuesday, November 12, 2013

On October 1st of 2013, enrollment for the Affordable Care Act, also known as Obamacare, began. For this reason, you’ve probably seen a lot of news about Obamacare lately, and it’s only going to increase. I’ve had a lot of clients ask...

 

Thursday, November 7, 2013

Insurance (is) the ignored component in financial planning . . . . . CNBC.com“Risk management” … is … “the first thing you should look at before investing – it’s critical.”“… it’s increasingly important to … plan for extended …...

 

Tuesday, October 29, 2013

Multiple research studies have shown the difficulty of “active” investments outperforming “passive,” including the one linked above. However, just because you’ve correctly figured out that passive (not...

 

Tuesday, October 29, 2013

“If you pay someone to invest your money, it’s because you think that they can get better returns than you can. The reality, however, is that having your money actively managed by an expert is, on average, worse than just...

 

Thursday, October 24, 2013

“On October 14, Eugene Fama was one of three U.S. economists . . . awarded the 2013 Nobel Memorial Price in Economic Sciences. . . . “Fama’s seminal work . . . led to the creation of the index fund, now the...

 

Thursday, October 17, 2013

Please find attached a “Guide to the Markets” for the period ending 9-30-2013. Weekly Market Recap and Weekly Economic Update for 10-14-2013 are also attached.

 

Thursday, October 10, 2013

*Note: Please see excerpted client brochure and academic research cited below to support this material and the title statement.Here are my conclusions on the passive investing choices that I offer . . .1) Your Goals: Focus is on your...

 

Thursday, August 29, 2013

THE LEAD COMMENTMy own “home-made” definition of diversification is that everything should not / can not / will not go up at once. Because, if it does, it could also go down at the same time, which could be disastrous. The other...

 

Thursday, August 29, 2013

The Lead CommentIn 2008, Malcolm Gladwell wrote a book entitled Outliers: The Story of Success. In the New Yorker article linked below, he comments further:“Forty years ago, in a paper in American Scientist, Herbert Simon and William...

 

Monday, July 29, 2013

The Lead Comment(Please first read the article linked immediately below.) Because some if not most of my clients have investments, this comment is aimed at people who do have investments – and adult children (one of my favorite...

 

Monday, July 29, 2013

It often comes as a surprise (if not actually a shock!!) to folks when I mention to them that their current advisor might . . . or might not . . . be acting “only in their best interests” (following the Fiduciary Standard) ...

 

Wednesday, July 3, 2013

Many people forget that in very traditional, conservative asset allocation, “cash” and “cash equivalents constitute an asset class – meaning one of the investments you could hold. Here’s why:

 

Monday, June 24, 2013

Recently I wrote something about “paying twice” which I encourage careful readers to revisit. There are now “national” services that will – for a fee—provide “guidance” of some type for...

 

Thursday, June 13, 2013

For the purpose of this comment, I am not promoting one designation over another. But I do feel it is a very good idea to actually read the Morningstar.com article linked below. The other critical issue is to try to determine –...

 

Friday, May 31, 2013

If you are . . . Widowed . . . Divorced . . . Single Parent . . . or just want to be diligent about our planning please read the New York Times article directly below -- What Millennials Need to Ask their Parents. Financially, our...

 

Thursday, May 30, 2013

For those wanting to improve the financial security of their retirement, the below “How-To” section features 3 very different topics. The 31 Steps article can, in theory, be printed out.

 

Monday, May 27, 2013

The first time I was asked the question about “paying twice,” I candidly double-clutched. After thinking about it further, I incorporated this critical information into my normal presentation to clients.

 

Tuesday, May 7, 2013

For those wanting to improve the financial security of their retirement, the below “How-To” section features 3 very different topics. The 31 Steps article can, in theory, be printed out. However, the real power of that particular article is that each of the 31 steps have additional links, including “Why It Matters” and Related Links.

 

Friday, April 26, 2013

For better or for worse, the 401(k) and its non-profit counterpart, the 403(b,) have become central to many folks’ retirement. As a result, it has become ever more important to pay attention to some key details. Some who...

 

Tuesday, April 23, 2013

Do you have an “Orphan 401(k)?” One of the articles below mentions that some folks can get “kicked out” of a 401(k) from a former employer. Even if your 401 (k) from a previous employer is stable – i.e. you can’t be arbitrarily kicked out, you have choices!! Does it make sense to leave it there . . . maybe! Does it make sense to “roll it over” to your own IRA . . . maybe!

 

Wednesday, April 10, 2013

If you find yourself in the position of not being able to retire – the way you want to retire – at the time you want to retire – perhaps you will consider starting a business. As the Bloomberg article below shows, some people continue to work because they have to. Some people continue to work because they want to.

 

Monday, April 8, 2013

Once upon a time, as the saying goes, people “typically” worked until they died. Or got too sick to work – at which point, they did not “typically” live much longer and were cared for by family members. The concept of a pleasurable (and now often lengthy) retirement has arisen in our society much more recently in our history.

 

Sunday, March 24, 2013

I have commented – perhaps even railed – at the need for an economic “level playing field.” The 100% purest form would be if there were no tax breaks. None. Note that if there were no tax breaks, we would “solve” our deficit & debt problem – immediately – of course, if such a “fix” didn’t affect the real economy – which, of course, it would!

 

Wednesday, March 20, 2013

With the Dow making headlines and new records, it is important to keep things in perspective. One view, the “Inflated View” below, shows that inflation has “eroded almost half the index’s overall gain since 1994.”

 

Thursday, March 7, 2013

In my opinion, here’s the most important part of the above article: “Remember: If your investment is held within an individual retirement account, Roth IRA, 401(k) or other tax-sheltered retirement plan, it isn't subject to cost-basis reporting.”

 

Tuesday, February 26, 2013

In talking with several people recently, I’ve come to the conclusion that Social Security benefits are poorly understood or misunderstood. And the decisions made about these benefits – particularly in the case of people who are married or were married for at least 10 years -- even if their former spouse is remarried or deceased are particularly misunderstood.