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What is Your Long-Term Care Plan?
(General/Articles)
... help on that front for the first 100 days of care, and then only to a limited amount. This brings up questions that every family needs to answer about the trade-offs between spending money now on ...
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Good Financial Plans Need Slush Funds
(General/Articles)
... in the dining room, and pull out $5 or $10 to give to us to spend. When I look back on that experience I realize that it did not matter how much money grandma had; the slush fund gave her the freedom ...
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Take Control of College Costs
(General/Articles)
... case the comprehensive cost of the University of Minnesota would be over $27,000 a year instead of about $18,000. Put that money back to work for you and use the savings to help the student fund graduate, ...
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Estate Planning Mistakes
(General/Articles)
... on both sides as well - parents worry (rightfully so) that children will not know how to handle money and children worry about mom and dad being taken care of later in life. I have found that communicating ...
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Is Buy-and-Hold Dead in 2010?
(General/Articles)
... higher trading costs and lower returns. Buy-and-hold reflects a strategy that establishes ground rules around when you need your money. Assets required for shorter-term spending should be in cash and ...
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Heads I Win, Tails You Lose
(General/Articles)
... typically it will be better for you to use liquid funds on hand for the expense instead of pulling the tax money from the Roth Conversion proceeds. Taxes due on the conversion may be divided between your ...
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When Spending is Really Saving
(General/Articles)
... part makes sense, but the spending is counter-intuitive. Many times you will hear of businesses spending money in order to save money. For example, with this article you will be viewing our new web ...
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Will you work with me on an engagement basis only, not managing my money?
(General/FAQ)
The short answer is yes, but remember that we would prefer to work with clients who want us to be their main financial advisor. If we only work with people on a project here and there, we can never be ...
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Multiple Retirement Options
(General/Articles)
... to remember is postponing social security benefits. Postponing benefits allows for higher success rates in the retirement projections I have looked at. I would define success as not running out of money ...
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Why BGM Wealth
(General/About)
“It is not timing the market that makes you money; it is time in the market that makes you money.” At Boeckermann, Grafstrom & Mayer Wealth Management, LLC we are primarily wealth managers. ...
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Buy Low, Sell High
(General/Articles)
... comes in. Rebalancing, by definition, is not reallocation. We do not re-think our overall asset allocation; we simply move money around to get back to the original targets we set with a client. For example, ...
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News & Web Links
(General/Resources)
... MSN MoneyCentral CNNfn Web Links SavingForCollege.com EdVest AARP.org IRS.gov AnnualCreditReport.com BankRate.com ...
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The New Normal Economic Discussions
(General/Articles)
... faster and moving money discussions between generations offline. In the speed that technology can now deliver this message of hyper-consumerism, parents and grandparents are being circumvented; causing ...
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Keeping The Family Cabin In The Family
(General/Articles)
... many also remodel the family cabin to maintain a similar lifestyle for our weekend getaways. With so much money, memories and time invested, many families come to the conclusion that they want to pass ...
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Welcome
(General/main)
... things to different people. All of our clients agree that it is far more than just a return-on-investment. They know that money only adds to life when it helps you achieve your vision and create the ...
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The Family Fallout From This Economy
(General/Articles)
... will be increased tax bills down the road. Increased tax loads will mean less money for an affluent lifestyle, and for saving as well. What I am advocating is not a free ride for the next generation ...
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Buyer Beware
(General/Articles)
... several reasons why this is wrong but his main point is simply that the facts are wrong. When the media reports that no one made money during this time frame, they ignore dividends. In fact, Richards ...
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Your Children Will Thank You
(General/Articles)
... past, when a non-spouse was named as a beneficiary, they had to take the money, at most, over five years. This would cause large tax bills in those years since it made taxable income higher. Now, however, ...
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And Now, In With The New (Tax Laws)
(General/Articles)
... still an effective way to give money to charity. There are a lot of rules around how to do this so speak with your accountant first. This is just a short list of a few of my favorites. As a new President ...
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Patterns, Patterns Everywhere
(General/Articles)
... where today’s stock market can be so dangerous. Too many pundits – whether on television or your next door neighbor – claim to have found the pattern that will make you money or avoid losses. But what ...