August 21, 2015
Key Takeaway! Your brokerage statement, on its own, will not tell you much about whether you are meeting your goals. You need to look under the hood at an actual performance report, paired with a retirement projection, to understand your road to retirement.
Measurement can be tricky if you don’t know ... Read more August 11, 2015
Key Takeaway! You should not prepay your mortgage because once you do, you have taken money that you might need in an emergency and locked it into your home, which makes it hard to access the funds should you need them.
I come from a family that pays down mortgages quickly—for ... Read more August 5, 2015
Key Takeaway! Prepaying your mortgage can mean financial freedom—freedom from stress and freedom to choose new opportunities. With the reduced expenses that come with paying off a mortgage early, you’ll worry less if there’s an economic downturn that results in a layoff or less investment income. And with less debt, ... Read more July 24, 2015
Key Takeaway! Inheriting an IRA just got a little more complicated. The Supreme Court has ruled that inherited IRAs for non-spouses are not protected from creditors. Your estate plan might need an update.
Giving money to children and grandchildren in our estate plans is one of the more complicated issues in ... Read more July 14, 2015
Key Takeaway! You tried the weekly paycheck and it didn’t work for you. While it seems like yet another failed experiment in trying to get your savings going, it actually worked in a different way than you expected and highlighted exactly where the temporary problem in your spending is.
The more ... Read more July 2, 2015
Key Takeaway! The news cycle forces us to use will power to overcome the urge to “do something” in our portfolio. We all know we shouldn’t act too quickly, but knowing why is important to maintaining that will power. Your definition of risk is the why.
With the latest news on ... Read more June 24, 2015
Key Takeaway! Budgeting is a pain, so no one does it (except giant nerds, which, if I’m being honest, included me until a busy 1-year-old re-ordered how I spend my time). But if you don’t have to budget and instead ask yourself if you have enough money for this week, ... Read more