There has been much in the news about fiduciaries recently given that the Trump administration may be considering the delay or repeal of the Department of Labor's proposed fiduciary rule. As with most news features, it can be difficult to…
The personal financial services industry is going through a major metamorphosis for the better, and it is creating a true profession. At present, the overwhelming majority of the financial industry is sales- and relationship-driven. The majority of advice that financial…
It’s not uncommon to consider paying off your mortgage when you get close to retirement or come into a large sum of cash. It’s also not uncommon for many financial advisors to recommend maintaining or even taking out a mortgage…
1. Guessing Monthly Costs. When you develop your budget, you will need to estimate some expenses if you are uncertain about actual costs; however, over the next few months, you should refine your estimates so that you know what you…
To me personal budgeting is a lot like dieting. If I diet and blow the diet, I eat even more. If I set a budget and then blow the budget, I spend even more. [Psychologically I already feel badly so…
Every year a hot topic surfaces in the world of personal finance. In 2015, “How do I protect my identity?” has been at the top of the list. The answer normally involves paying for a monthly service to monitor credit…
During the past five years the #1 question I am hearing from clients and prospective clients relates to an annuity commercial most of us have seen or heard. The annuity promises a bonus up-front of 6-8% on your initial investment…
I see the Light of Retirement You are scheduled to retire on July 1st 2015, and the excitement is building, but before you get too excited make sure you have your bases fully covered. Before retiring consider 4 key issues,…
Regardless of the positive trend of the U.S. economy, the threat of being a victim of company downsizing keeps many Americans awake at night pacing, wondering; Am I next? Can my family survive the loss of income? How can I…
Stated simply, if you have cash in banks or assets in taxable brokerage or mutual fund accounts, but you do not have a Roth IRA, you are missing a tremendous opportunity. This article can end on the power of that…