Archive for the ‘ Financial Plan ’ Category

Your Money in the Context of Life

A good advisor will talk about the meaning of money in relation to your goals and dreams. You need to share such things before the talk turns to finances, or an advisor can’t truly know how to help. If the first thing an advisor does is ask to look at your statements, says Mitch Anthony, […]

Be the CEO of Your Wealth

By hiring a good advisor, you could be gaining a world of expertise; however, you should still feel firmly in control of your destiny. You are the CEO or chief executive officer of your wealth. A good CEO hires a CFO or chief financial officer, who runs the daily affairs of the company. The CFO […]

Welcome to Distribution Land: Safe Travels

We each define quality of life in our own way. We each have unique goals and dreams. Economic security can buy you time to focus your attention on what matters. My goal for you is to help you understand your own definition of the good life, and then work to make your money a tool […]

An Epidemic of Insufficient Savings

Vanguard does a report every year called “How America Saves” on the 401(k)-type plans that it manages. The 2013 Vanguard report has some interesting insights: Thirty-two percent of employees do not contribute to a 401(k). 27 percent of employees older than 55 do not contribute. Among employees with incomes greater than $100,000, 12 percent do […]

Don’t Let Taxes Get In The Way

Sometimes you can make more money by saving taxes than you can by making more money. This is important to understand, particularly considering what is inevitable: History reflects that taxes tend to rise. It’s important to understand the difference between taxable, tax deferred and tax-free investing. Let’s take a look at how each would affect […]

Organize Your Important Documents

Where are your documents? People sometimes don’t even know, or they have only a vague idea. They’re not even sure of the scope of their assets. If you don’t know where your documents are, you’ll be leaving a mess for those who try to pick up the pieces when you are gone. Coordinate and simplify […]