While not every purchase will bring great happiness, five principles of money will help answer, “Am I getting the biggest bang for my buck?”
As I read and learned more about handling money and finances, I was able to see how my actions undermined my long-term goals, and I was able to make changes.
My clients and I spend a lot of time working on the balancing act of spending enough while they are healthy vs. saving for the possibility of living longer.
Everyone needs a financial plan, but not everyone needs a financial adviser. At times, it is OK to go it alone, and other times you could benefit from sound advice from a fiduciary adviser.
How can you manage money disagreements and keep your relationship on track?
People mistakenly believe a large windfall will solve their problems, but if they are not prepared, it can have a dark side.
I know from experience, it is much harder to make smart choices in an emergency or crisis.
behaviors gained to help live a healthier life can also be used to improve financial health.
Sort through and prioritize multiple requests you might receive to make sure your money is going where it will make the most impact.
It is so easy to get caught up in the hunt and forget why an item you didn’t know existed 20 minutes before now feels like a necessary purchase.
We so often look at the world and our personal situation and see what’s wrong or what’s missing. Gratitude is an ongoing action, a state of being or a way of life.
Learn about elder abuse and be proactive in financially protecting loved ones.
Risk tolerance, risk capacity and risk perception are the fundamental elements of your risk profile. The best way to construct your portfolio and ensure you can hang on for the whole ride is when you evaluate and discuss these risk elements individually and not as a composite assessment.
We are now in the, “We know it is coming; we just don’t know when” phase.
His signature song, “The Gambler,” contains sage advice for investors.
I think boarding a train is an apt metaphor for retirement. We leave the comfort and confines of the known and step willingly unto an unknown future with many possible destinations.
Closed-end funds are often actively managed, tend to have a narrow investment focus, use illiquid or thinly traded investments, and are structured to provide income.
Funding a college education is an investment and, as with any investment, there should be a positive return.
Even though Congress eliminated some Social Security planning strategies, maximizing lifetime Social Security benefits still can be tricky.
Many investors just pick a fund, or use the 401(k) default, and hope for the best. Understanding the terminology and approach of target-date funds will help minimize investment surprises.