Blog Posts

  • marathon-runner

    You Can’t Buy Time

    July 22, 2014
    Key Takeaway! Trying to buy better returns with more expensive investment products is like trying to lower your marathon time by buying more expensive shoes. You need to get the basics right in order to get to the goal. I just signed up for the Twin Cities 10-Mile run again this ...
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  • family-barbecue

    Healthy Habits Now Cut Retirement Costs Later

    July 17, 2014
    Key Takeaway! Tending to your health on a daily basis now will cut your health care costs in retirement, making those years all the more enjoyable. I started flossing. I hadn’t flossed my entire life until now (no comments from the dentists, please). Then, a couple months ago, I was getting ...
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  • family-barbecue

    To Catch a Monkey: The Burden of Wealth

    July 11, 2014
    Key Takeaway! Wealth is a burden. You decide whether it is a burden of negativity or love. Be careful of letting the monkey in you make the decision, though, since that may prevent you from living freely. Monkeys are ingenious creatures. Trying to catch one seems impossible, unless you think about ...
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  • accounting

    In Your Mid-Year Portfolio Review, Focus on What You Can Control

    July 7, 2014
    Key Takeaway! Mid-year investment reviews would be better spent focusing on what you can control. Use the 2011 tax rule change regarding cost basis accounting to give yourself more flexibility. My wife and I bought the kids an Aqua Lily Pad for Christmas this past year. Our trip to the cabin ...
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  • retirement-age-couple

    A Hedge Against Bad Health: Social Security’s File and Suspend Strategy

    July 2, 2014
    Key Takeaway! Social Security gives us the chance to rethink decisions should our health change prior to age 70. Expect the best, but prepare for the worst. It sounds easy, but implementing this axiom requires deliberate action that may seem counterintuitive. Social Security is one of the few areas where you ...
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  • milk-carton

    Retirement’s “Best If Enjoyed By” Date

    June 25, 2014
    Key Takeaway! Think of retirement as having a “best if enjoyed by” date. With that in mind, adjust your spending to allow for more fun earlier on, while you are the most active and healthy. A client reminded me today that we often focus on scarcity instead of abundance. We were ...
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  • supreme-court

    Supreme Court Changes the Rules on Inherited IRAs

    June 18, 2014
    Key Takeaway! Inherited IRAs will no longer be subject to bankruptcy protection. If you plan on leaving your IRA to your heirs, it may be time to rethink that plan. Every once in a while the Supreme Court issues an opinion that has a very practical outcome for each of us. ...
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