My Comments: Recently, two clients have asked me about asset protection and whether they should start thinking about a trust. The answer is maybe. First, I have to remind everyone that I am not an attorney, and cannot advise people on legal matters. However, I can share basic knowledge that I’ve picked up over the …
Tag: financial advisor
3 Ill-Advised Reasons Not to Buy Life Insurance
My Comments: I first became licensed to sell life insurance in 1976. Over the years, I’ve sold many policies, of all kinds, to all manner of people. Some of those clients have since died, though most have not. The skills and ability to help identify a problem and find a solution for that potential problem …
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You Can Thank Ben Bernanke for 100% of the Stock Market Gains Since 2009
My Comments: I've been a supporter of the PPACA or if you prefer, ObamaCare, since the beginning. My belief in it is based on the trend in place where health care costs consumed an ever increasing share of our national GDP and sooner or later would come a sticky end. Whether the PPACA solves the …
Continue reading You Can Thank Ben Bernanke for 100% of the Stock Market Gains Since 2009
Three Key Strategies for Helping Clients Navigate Aging Plans
My Comments: OK, we’re all getting on in years, some of us more so than others. Baby boomers are starting to ask compelling questions about Social Security, about health care issues, and dozens of other topics that a 30 year old cannot yet start to think about. That’s OK; I couldn’t either when I was …
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Checking In On The 1929 Stock Market Parallel
My Comments: The other day, on February 17th, I had a post that explained how today is NOT 1929 all over again. If you found that story, and this chart interesting, then here is a follow up. Hopefully, it will help you navigate the waters as they are flowing today in 2014. Chris Ciovacco, Ciovacco …
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Social Security: Planning Tips by Age
My Comments: I’m increasingly being asked by people to help answer their questions about Social Security. Here is a short overview of critical ages as you begin to think about retirement. by: Paul Norr / Wednesday, February 19, 2014 There are many age-related financial and planning milestones that clients will encounter in their sixties. Here …
Bad Is Stronger Than Good
My Comments: Yesterday, I reposted an article that claims virutally all economists are in agreement that the stimulus pushed by this administration served to keep us from falling into a drepression, and that the major argument was whether the stumulus should have been stronger. Here is an article from last week that considers the mental …
7-Footers In A Sea Of Pygmies
My Comments: Yesterday, I talked about amateurs and professionals when it comes to investing money. About how emotions get in the way at crucial times, often promoted by people who rarely have any reason to say what is in YOUR best interest, only what is in THEIR best interest. If they can persuade you to …
About That ‘Scary’ 1929 Graph
My Comments: So, is it 1929 all over again? Is the world as we know it coming to an end? We're doomed, I tell you, DOOMED!. Well, maybe not. As a financial planner and investment advisor, I try to have something posted about investments at least once a week. I’m not sure if I’m successful, …
3.3 Million Enrolled in PPACA Plans
My Comments: When the PPACA rolled out, most of us in the insurance business, especially those of us with a background in health insurance, knew that it was flawed. We knew that some of it was put together in a hurry under political pressure. While it addressed major problems in the unsustainable status quo, revisions …
Helping Define Your Financial Future 