Blog Posts

  • Fair Is Not Equal: Giving Your Kids Money

    August 11, 2017
    Key Takeaway: In giving money to our children, we may feel that we need to keep the giving equal. But doing this can multiply the dollars given to the point that it can affect our retirement. It is better to have a discussion with our children that fair is not ...
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  • family business

    It’s Not Business—It’s Personal

    July 24, 2017
    Key Takeaway: The adage that it’s just business, not personal, doesn’t apply as cleanly as business owners would like. Personal spending can interfere with business decision-making. Planning for that can help ease your stress. The view of 2008 is distant enough in our rearview mirror that most business owners (or those ...
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  • investment trneds

    Trend Versus Exception Investing: Don’t Waste Your Free Time on the Exception

    June 22, 2017
    Key Takeaway: Spending time looking for one-off exceptions to invest in sounds fun and exciting. Yet confusion arises over what is investing in normal trends versus truly one-off ideas. Most of us can hit our goals and have more free time if we don’t spend the time trying to find ...
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  • driving

    Seeing Tail Lights: Take Control to Know Freedom

    May 2, 2017
    Key takeaway: Freedom is what we all search for, but we can find it only by taking deliberate steps. We can have either independence like my son now feels with a driver’s license (as he is in the driver’s seat) or anxiety like I now feel watching his tail lights. About ...
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  • kids

    Are Your Kids Making Less Than You? Don’t Subsidize a Nonproblem

    January 20, 2017
    Key takeaway! A recent study says children are earning less than their parents at the same stage of life. While this may be true, you might not want to take the next step to do anything about it. Sometimes the best answer is to do nothing. A recent USA Today article, ...
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  • reading

    The Gift of Knowledge: 9 Holiday Reads

    December 8, 2016
    Key takeaway! It is hard to have an impact on those around us, particularly when we hand out gift cards for the holidays; they are soon forgotten. Instead, give the gift of knowledge. Most of us don’t need more stuff. And when I look at the happiest retirees in life, they ...
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  • tax-planning

    2016 Year-End Tax Planning: Two Ideas Focused on Health Care

    November 9, 2016
    Key takeaway! In addition to the usual tax planning ideas, there are two tax nuances to understand before year-end. Beyond that, pay attention to anything the lame-duck Congress might pass before December 31. “Who’s FICA?” That question arose the summer when my 15-year old son got his first paying job. Since ...
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