Articles 2017-08-03T12:20:53+00:00
2509, 2017

It is not the Road to Retirement. It is a Maze to Retirement.

Retiring successfully can feel more like a maze than a road because it is a maze. The Retirement Maze is a combination of investing, saving, contributions to retirement plans, career, company benefits, maybe a part-time job in retirement, managing government benefits such as Medicare and Social Security, inheritance, education, supporting children, supporting or helping aging parents, family businesses, making a difference in our communities, life and P&C insurance, taxes, buy or lease decisions, and debt management…to name just a few.  And not to add any pressure, but a mistake in just a few of these items can derail a good retirement plan. Navigating [...]

2109, 2017

Transitioning From Self-Directed Investing to Utilizing an Advisor

Are you one of the 54 million investors, out of 90 million, that self-directs your own investments?  If yes, does your spouse have the aptitude, desire, and knowledge to invest his/her own investments too?  If they do not, you might consider having a strategy to transition from using a Self-Directed Model to an Advisory Model that you would play a role in implementing if something were to happen to you. It is common to name our spouses as beneficiaries to our retirement accounts, and/or use contract law to transfer accounts to them via titling...but we may not have put in [...]

3008, 2017

P.S. I love You – Not Very Romantic, but Practical Guide to Hiring A Financial Advisor

I know a lot about investments, my wife knows very little. And when I started my investment practice in 2012. I built it on the foundation of my investment experience to provide an offering that had access to high-quality investments, was cost effective and could provide me a way to quickly and easily assess a portfolio's risk/volatility for clients and myself. Though I could argue I want the same basic things for my wife should I die, it occurred to me, I had a very big problem.  If I died, she (and my clients for that matter) might need some [...]

2107, 2017

Six Risks to Your Retirement Plan

Retiring successfully is a common goal, and although the definition of retiring successfully varies from person to person, having financial well being does seem to be a common term and ultimate target. Since “Financial Well Being” can be subjective, we are going to use Running out of money as an indication that a person's Financial Well Being is not Well. With this in mind, RightCapital has built a financial planning software tool that helps investors identify six areas of risk a retiree might have. The program provides a baseline using these six areas of risk, and gives the investor a [...]

607, 2017

Diversification, the Same Old Story? Not Really.

As I was doing the Quarterly reviews I came across a performance report that I think helps to tell part of a new diversification story.   Most of you know what diversification is. Don’t put all your eggs in one basket. Have some in stocks, and bonds, and cash.  Invest in the U.S. and Internationally.  This list goes on and on.... and although these different baskets are a good idea, in many cases, it's not the whole story...or at least the new story using today’s technology. There is another level of diversification some investors do not consider.  Diversification by Style and by [...]

106, 2017

The Importance of Identity Monitoring

I know most of us, like the companies we do business with, are careful with our personal information.  This is not enough, though!   Sometimes it is not data we shared recently that is to blame for a breach in our identity.  It could have been from something we shared 15 or more years ago with a company or organization or even a friend.   All it takes, in most cases, is a Social Security number and Date of Birth.   Think about how many people and companies you might have given this information to over the last 20 years!Succeeding financially is usually [...]

303, 2017

H2H – Human to Human Service Models

When it comes your investments, consider having at least a portion of them in an H2H service model.  I know, some of you are saying, what's H2H?  It's a term used to describe how a business serves clients. In other words, they help clients human to human — versus computer to human. Just the fact that there is a term for this gives you a sense of how fast computers have become the frontline service provider for many service companies.  If you go into most Panera Bread stores, you now have the option to order via a computer terminal versus [...]

1302, 2017

3 Services People Should Not Do Themselves

DIY...Do-It-Yourself is the rage. Home Depot, E-Trade, TurboTax, LegalZoom, all have DIY business models, and the list goes on. In this age of do-it-yourself, I caution you not to fall into the potential trap of doing the following 3 things yourself:  Do not do your own taxes. Do not invest your own money.  And do not do your own legal work.  One way to learn something from other people is to model a specific behavior they are exhibiting to achieve success in a specific area. My suggestion is, if you are striving to either be rich or stay rich, then [...]

1102, 2017

The Cost and Benefit of Investment Advice

Investment advice can be one of the larger expenses when it comes to investing your money. In this article, we’re going to break down the investment landscape as it relates to fees.  My goal is to help you, the investor, better understand how investment fees work, what the Average Advisory Fee is and lastly, why it is worth paying for investment advice.Difference between a Broker and an Investment AdvisorTo start with, it is important to understand the two primary ways a financial advisor or financial firm charges for their services.   At the core of how they charge is whether they [...]

2501, 2017

Hiring a Financial Advisor? Here are the Questions to Ask.

Peter Mallouk does a great job highlighting the common mistakes many investors encounter in his book entitled “5 Mistakes Every Investor Makes And How to Avoid Them”.  It is a very well written and informative book.  If you haven’t yet read it, I highly recommend you do so.   One of the 5 mistakes he identifies is Working with the Wrong Advisor.   He outlines seven questions he thinks investors should ask, and I've taken the liberty of providing the answers you might consider. I also added one question that I think you should consider asking as well.My goal is to provide [...]