Ideas to help preserve and grow your money
My Comments: A disclaimer here: I’m not an attorney. But Ike Devji is and I’ve followed him for some time and his writings are relevant and make sense. I’ve recently been involved in some discussions with physicians and business owners about life insurance. Their questions and criticisms almost universally reflect an ignorance about the topic …
Continue reading What is an ILIT? Why Doctors and Business Owners Should Consider Having One
My Comments: The writer has a powerful message to send. He was right about this back in 2008 but that doesn't mean he's right this time. I have clients and prospective clients asking when the next downturn is going to begin. And yet there are many articles that suggest it’s still a long way off. …
My Comments: Professionally, I live in the world of finance and investments. Regulation is pervasive, most likely increasing, since there is a pervasive threat of abuse by the big players. I think it would help all of us to have a level playing field, including individuals, corporate America, and society as a whole. I cannot …
My Comments: I’ve now reduced retirement years to three types of years. They are “go-go”, “slow-go” and “no-go”. Planning for them before you reach retirement is a matter of attempting to get as many $ in the pot as possbile. After that, it’s a timing issue that is driven by health, the expected life style, …
Continue reading 3 Retirement Planning Essentials to Understand
My Comments: First, let’s both understand we are talking about financial risk. Second, financial risk for me is likely to be defined differently from how you define it. Third, there is always an element of uncertainty about any future outcome, whether it's getting married, having children, accepting a new job, etc. Uncertainty implies a potentially …
My Comments: Keeping more of what you earn resonates with a lot of people. I recently found a newly minted idea that dramatically increases ones ability to keep more of what you earn. It dovetails with this post about physicians. But it is not limited to physicians and hospitals, but to virtually any successful small …
Continue reading Want to Increase Hospital Revenues? Engage Your Physicians
My Comments: There is little argument that sooner or later the Fed will start to push interest rates up. And when they do, there is going to be confusion about how fast and how far they push. This in turn will cause some volatility and timing issues on Wall Street. But all this is part …
Continue reading How Will The Federal Reserve Raise Interest Rates?
My Comments: Many of my clients are asking how come their investments are not as exciting as what they hear on TV these days. And my standard answer is that exciting comes in two flavors, great and frightening. For the most part, I’m trying to help them avoid the frightening part. For many years I …
Continue reading 3 Reasons The Current Equities Market Is Exhausted
My Comments: Retiring early is a desired goal for many people. For one thing, they really don’t like what they do, and two, they think they have either enough money or time to fill their lives. I planned to retire at 65, which seemed sort of normal. But then came the crash of 2008. It …
Continue reading Could Obamacare Prompt You to Retire Early?
My Comments: Increasingly, I find myself working with older clients. After all, I’m an older advisor. From time to time there is a question of how fast you should decumulate your nest egg(s). (I’m not sure if “decumulate” is an approved word, but the intent is to convey the opposite of accumulate.) The rule of …
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