Blog

Blog Posts

  • To Catch a Monkey: The Burden of Wealth

    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 ...
    Read more
  • In Your Mid-Year Portfolio Review, Focus on What You Can Control

    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 ...
    Read more
  • A Hedge Against Bad Health: Social Security's File and Suspend Strategy

    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 ...
    Read more
  • Retirement's "Best If Enjoyed By" Date

    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 ...
    Read more
  • Supreme Court Changes the Rules on Inherited IRAs

    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. ...
    Read more
  • The DIY Mistakes of Trustees

    The DIY Mistakes of Trustees

    June 13, 2014
    Key Takeaway! Going the DIY route in naming a trustee in your estate plan could cost your heirs more money and more heartache. If you ever watch home remodeling shows, you soon might be lulled into thinking you too could redo your kitchen or bathroom (or entire house) by yourself. It ...
    Read more
  • Charity Helps Your Retirement

    Charity Helps Your Retirement

    June 3, 2014
    Key Takeaway! Separate your taxes from your charitable giving by using donor-advised funds in high-tax, pre-retirement years and then giving the money away in lower-tax, post-retirement years. Many people tend to think about charitable giving on a monthly or annual basis. We give cash every month, and often a lump sum ...
    Read more