Your account balance carries a hidden surrender charge. Millions of working Americans contribute a percentage of their earnings to a 401k account while many also have IRA accounts, most of which were formerly 401k that were rolled over to IRA’s. While some people follow the daily moves of their account balances, other wait patiently for […]
The most important and anxious questions I answer for my clients are: “How much money will I have at retirement and will that be enough to live on? Of course, there are many variables in that calculation, one of the biggest is choosing an amount to withdraw from your investment nest egg every year. Many […]
“The Talk” I’m not referring to “the talk” with your teenage children about sex, but rather the “parent and adult children talk” about the parent’s estate plan. Have you had this conversation? Most people have not. My sister Lori is coming to town this weekend from Washington for a high school reunion and we are finally […]
This past week we have experienced a tragedy in our neighborhood and the Elmhurst community. On August 30th we lost the lives of four beautiful individuals; Frank Stack (82), Joan Stack (82), Mary Stack (57) and Frank Stack Jr. (48). Newspaper story. The true question is not how this tragedy played out, but WHY. I […]
60. The minutes in an hour, the year JFK was elected as president, the millions Joakim Noah is paid in his 5 year contract with the Chicago Bulls, and the percent of Americans who have admitted to not having a personal financial budget (NFCC survey). Oddly enough, 100 million U.S. adults have also admitted that not having […]
Would an extra $60,000+ annual bill create a problem with your retirement plan? Your portfolio can be depleted rapidly when a spouse or parent is in need of care if the potential cost is not accounted for in your retirement planning. The perception is that, “I am healthy right now and I won’t ever need care.” The reality […]
We know department stores will have huge sales the day after Thanksgiving, but no one tells us when stock or bond prices are going on sale. Analysts are paid big money to try and predict investment (Stock & Bond) prices, but they are often wrong and much better at hindsight than forecasting. What we know… […]
This is a guest post written by Kimberly Silvestri, President and CEO of Silvestri Services, www.silvestriservices.com. When working with our elderly family members, it pays to be proactive rather than reactive. Waiting for a crisis to occur creates unnecessary stress. Planning early for long term care with your loved ones using Care Management, helps you become […]
The idea of “retiring” is relatively new in this country’s history. It was created by financial institutions about 70 years ago after social security was first set up to transition aging, unproductive workers out of hard labor jobs (making room for younger workers) during the Industrial Revolution. Did you know Social Security was created in […]
If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them. Notice I said “asset,” not “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, […]
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- Rob Wyant: Brad. Thank you for sharing. Excellent book and ...
- Mike Pensinger: I explain to clients the *hope* is that you'll be...
- Brad Rosley: Be happy with what you have. Count your blessings ...
- Mike Pensinger: Wow! I knew we are extremely lucky to be living i...
- Scott Blumenshine: Wow. Good information to keep things in perspectiv...