August 6, 2014
Key Takeaway! Target-date funds are becoming a default investment for many people. Yet that doesn’t mean they give you the personalized answer you really need.
Saving for education or retirement is a function of many factors. If you want to spend more than your neighbor, you will need to save more. ... Read more July 30, 2014
Key Takeaway! Beneficiary designations are the exclamation point to a great estate plan. But getting them wrong can lead to higher taxes now or even family fights that can end up in court later.
Nobody wants to cause pain to their family, and parents don’t want their children fighting over money. ... Read more 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 ... Read more 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 ... Read more 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 ... Read more 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 ... Read more 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 ... Read more