How can I develop financial discipline in my life?
“Don’t skip leg day!” We all know that one guy at the gym… He stands in front of the mirror and curls the biggest dumbbells, but never works out anything else. Picture his average-sized calves struggling to carry his ginormous biceps out the door. It’s pretty obvious that he’s not following a balanced workout routine. Read more ➝
Do You Own Too Much Real Estate?
Video Transcript: Which elevator would you choose if you were riding to the top of the Empire State Building? One with a single, thin cable? Or one with several strong cables? Obviously, we all want the safest option. When it comes to investments though, many families latch their nest egg to a single cable. It’s Read more ➝
10 Things to Know About Qualified Charitable Distributions (QCDs)
For anyone wanting to make qualified charitable distributions (QCD) and save on taxes for 2019, this is the time to start planning. If you are already taking required minimum distributions (RMDs) from your IRA account(s) and/or are making charitable donations, QCD is something you should strongly consider. With the new tax law changes that went Read more ➝
4 of the Most Common Estate Planning Mistakes
The most common estate planning mistakes typically fall into one of four categories. While each estate plan consists of its own features and unique instructions, the same errors tend to occur regardless of their differences. Do your family and heirs a favor, learn about the most common pitfalls and make sure your affairs are in Read more ➝
Do You Really Know What You Are Paying Your Advisor?
Even many price-savvy shoppers miss the boat when it comes to understanding the cost of their investments. There is a major difference between price, cost, and value. This blog will focus on price vs. cost. There is a big difference between “price” and “cost”. “Price” is just advertising – it is only a part of Read more ➝
How Will You Provide for Your Special Needs Child after You Die?
The greatest gift you can give your special needs child is your time. However, more often than not, your child will outlive you. No one will take better care of your child than you. However, with proper planning, you can make sure your wishes for the care of your special needs child are carried out Read more ➝
One Way a Competent Financial Advisor Can Bring You Value
Sometimes clients ask of their financial advisor: “Why do I need to pay these fees?” We’re glad you asked. You should know what the value of a trusted financial advisor should be. Picture this: It’s 1996 and you have $100,000 to invest. You’re smart, you don’t touch the money for 20 years (including 2 bear Read more ➝
Stop Emotion from Shortchanging Your Investments
So how can constant screen gazing ruin your financial well-being? Simply put, screen junkies let their emotions ruin their money and their lives: Sloppiness Screen junkies live by “analysis by paralysis”. They might think they know it all, but they cannot make a strategic decision for a holistic plan with their current and future wealth. Read more ➝
5 Ways You Can Ruin the Financial Future of Your Adult Children
Your adult children need to learn to live within their own means. Unfortunately, most of your neighbors do not understand this critical concept. Industry website creditcards.com reports that 3 in 4 parents still subsidize the spending of their adult children.[1] You should not take comfort from repeating the mistakes of the crowd. When you give your adult Read more ➝