Some of you reading this are physicians in private practice, and while you justifiably enjoy an exalted position in society, as far as the IRS is concerned, you own some or all of a business enterprise and also enjoy all the risks and rewards that accompany ownership of a tax paying activity. For better or …
Category: Retirement Planning
Ideas to help preserve and grow your money
Thought For The Week
“Save a little money each month, and at the end of the year, you’ll be surprised at how little you have.” Ernest Haskins Roughly four years ago, at this time, we began to feel the ground crumbling beneath our feet (metaphorically speaking) while we watched in amazement. The stock market lost over 1/3 of its …
Documents You Need Before You Die
My Comments: Whew! Talk about woe and gloom. Here I am trying to create a more positive atmosphere for all of us and this comese up. Must be the weather. Brett Anderson on April 30, 2012 Saabira Chaudhuri’s Wall Street Journal article, “The 25 Documents You Need Before You Die,” (Weekend Investor, July 1, 2011) …
The Health Care Crisis Explained (maybe…)
Sometime in the next few weeks, the Supreme Court is supposed to render its verdict on the legislation passed in 2010, affectionately known as Obamacare. How it will come down from on high, I have no idea, but the blogs and messages I receive as a financial advisor are all over the map. While I’m …
Some Boomers May Choose Door No. 3
Instead of working longer or retiring on time with less money than anticipated, there may be a third alternative that financial advisors can show their clients that may give them the best of both worlds. An alternative may be to continue working full or part time and use money that had been going into savings …
Navigating the Landscape of Healthcare Reform
How the Affordable Care Act Impacts Vision and Dental Plans My Comments: We’re still waiting to hear what the Supreme Court is going to say about the constitutionality of the Patient Protection and Affordable Care Act. Personally, I don’t have a problem with the mandate and while I have reservations about some of the provisions …
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Your Life Span? Ask the Calculator
Many issues facing retirees revolve around life expectancy. These online tools may be able to help. My Comment: Last month I passed a significant milestone; the number of days my father lived before he died. Yes, we're supposed to live longer than our parents, due to advances in medicine and an awareness of how lifestyle …
How Long Will I Live and How Much Money Will I Need?
Buckets vs. Systematic Withdrawals By Mary Beth Franklin My Comment: These are two questions that create confusion among retired and almost retired clients. Actually, in almost 40 years, no one has asked me these specific questions, but they exist all the same, and the answers are hard, if not impossible, to answer. Retirement in my …
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Just Keep Working: the New Retirement Strategy
The number of labor force participants over age 65 has increased about 22 percent in the past three years. My Comment: I have to confess to a “Duh” moment when I saw this headline. My plans for retirement went out the window starting sometime in 2008. Not that I had any real plans to start …
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First Quarter On Track to Be Best in 14 Years
Stocks end this final week of what’s shaping up to be the best first quarter in 14 years, with little hope the second quarter can match its gains. My Comment: Who among you saw this coming? And if you did, what is your prediction for the next quarter? No one knows. All we do know …
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Helping Define Your Financial Future 