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 […]
Q. When Should Your Kids Start Their Financial Planning? A. As soon as they have a job. WHEN DID YOU START SERIOUSLY PLANNING AND SAVING? Please share when you started in the reply area below article. One of the biggest regrets many of my new clients share with me is that they wish they […]
The U.S. stock market just had a terrific first quarter. The S&P 500 index was up 10.0% over the past three months. My client portfolios were not up that much because they also own many other investment asset classes that didn’t advance nearly as much. For example, the bond market was flat for the quarter, […]
Getting older just kind of happens. The next thing you know you’ve hit 50 and can’t believe you are that old. I won’t be there for another year, but already feel that way, especially when my son reminds me that I have been out of high school for over THIRTY YEARS! Many of my clients […]
Last week, I was shaken when I heard about the tragic death of a Glen Ellyn acquaintance that lost a two-year battle to cancer. The death of this fine man, husband and father hit home not only because he had lived a few blocks away, but he was also my age, 48, and had three […]
Financial Planners are for Everyone “Failing to plan is planning to fail.” – John Wooden” It was recently brought to my attention that many people think that only “rich” people have financial adviser’s. Nothing could be farther from the truth. If your family income is over $100,000/year or you are retired with investments of $200,000 […]
When Romney Wins – Then What? Since Mr. Romney is well positioned to win the presidential election, I’ll take a few minutes to explain what I think might happen if Governor Romney is elected the 44th President of the United States. If Republicans also win both houses of Congress, expect there to be quite a […]
As a member of the baby boom generation (might I footnote very tail end of the generation :)) who hopes I am aging like a fine wine and not turning into vinegar, I wince at the idea of losing money again in a 2008-style meltdown. Although we are not technically in a recession or bear […]
I have just written my first EBook. The concept is simple: read about the nine ways I invest my money and advise my clients to invest theirs so they can minimize or avoid paying tax altogether. I think income tax rates will eventually go higher, meaning it will be wise to invest in vehicles that […]
1. Wake Up By that I mean, are you aware that college prices have skyrocketed the past 20 years? If my three kids went to the University of Iowa for four years beginning next year, the total cost would be roughly $500,000! Holy Cow!!!! Unfortunately, many parents have their heads in the sand until their […]
- Is a Private Pension in Your Future? February 24, 2015
- Life Insurance Key to Retirement Spending and Legacy Plan February 17, 2015
- One Powerful Financial Move for Kids (or Grand-kids) February 10, 2015
- Life Without the Wife February 3, 2015
- Illinois and Greece, Two of a Kind? January 28, 2015
- Shut Up and Take My Money January 13, 2015
- What Did You Pay For Your Kid’s College? Please Respond August 27, 2013
- Use Life Insurance for Long Term Care (if needed) December 5, 2011
- Romney Wins – Then What? October 18, 2012
- Perks of Getting Older June 19, 2013
- Joyce: Hi, Nice article. Does this mean I should look...
- Brad Rosley: Hey Mike, Great to hear from you. We are going th...
- Mike Anthony: Hey Brad! Came across this and first of all, Moni...
- Brad Rosley: Thanks Mike, never loved UGMA's as they work more...
- Mike Pensinger: Great advice, Brad. Getting our kids broad stock ...