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  • Why Do You Like Discounts? Anchoring Bias and Investing

    Why Do You Like Discounts? Anchoring Bias and Investing

    March 4, 2013
    On the way to the cabin, we often stop at the outlet mall. Buying name brands at a discount always make me feel like we’re getting a deal. Yet I recently realized that this might not be the case. Often, the price tag will show both a regular price and ...
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  • Two Trends in Retirement Planning for Both Baby Boomers and Gen X

    Two Trends in Retirement Planning for Both Baby Boomers and Gen X

    February 26, 2013
    Baby boomers are probably thinking more about retirement planning than members of Gen X or Gen Y. But whatever your age, there are two retirement planning trends that you need to be aware of. One is the trend of not setting aside enough money for retirement. The other trend has ...
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  • Is Inheriting Money Bad?

    Is Inheriting Money Bad?

    February 19, 2013
    The title onscreen was “Does Wealth Poison Kids?” CNBC was telling the story of Australian entrepreneur Graham Tuckwell, who is making a charitable gift of $50 million to a university for scholarships instead of letting his children inherit that wealth. Tuckwell says, “Lots of money is poisonous to have. If ...
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  • How to Hire a Financial Planner

    How to Hire a Financial Planner

    February 15, 2013
    I’m currently hiring a financial planner. This is a non-sales role, so I’m looking for someone with both strong technical and consultative skills. The ideal candidate needs to be able to do the work and then share their conclusions with a client and get them to act. As I interview candidates, ...
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  • Charitable Gift Funds: A Tax Planning Tool

    Charitable Gift Funds: A Tax Planning Tool

    February 8, 2013
    Right around Super Bowl Sunday each year, I think about charitable giving. My children’s school does a gala each year and we always go. So while many give money at the end of the year, I tend to think more about it at the beginning. If you think about ...
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  • How to Sell Your Business and Diversify Business Wealth

    How to Sell Your Business and Diversify Business Wealth

    February 4, 2013
    If you did not sell your business in 2012, you should start planning to do so sometime in the next decade. Last year saw the end of the lowest capital gains rates in decades, so many entrepreneurs had an impetus to sell their business. Yet many other business owners ...
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  • Roth Conversions Within 401(k)s

    Roth Conversions Within 401(k)s

    January 28, 2013
    In the past, I’ve written about why you should have money in pre-tax (qualified) accounts as well as after-tax (non-qualified) accounts (brokerage or bank accounts) as you enter retirement. Why have large amounts in the after-tax accounts? The advantage is that it helps ...
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