My Comments: 1. I am NOT an attorney, so you cannot take this post seriously without also knowing I’m not empowered to provide legal advice. 2. There are often real problems when people die with stuff without specific directions about what to do with the stuff (see the recent death of Prince!). 3. A friend …
Tag: Gainesville FL
America’s Middle-class Meltdown
1/5 of US adults live in or near poverty My Comments: Followers of my posts can recall numerous times over the past five years when I’ve talked about the growing divide between the haves and the have-nots. If not corrected, there’s going to be rioting in the streets before my five year old grandson reaches …
How Much Stock Should You Have in Your Retirement Accounts?
My Comments: This question has been asked every years for the almost 30 years that I’ve called myself a financial professional. Unfortunately, there is no best answer. Human nature, in the form of doubts, confidence, expectations, past experience, impatience, timing and fear, all conspire to force our hand when attempting to make intelligent decisions. Good …
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How Retirement Advice Is About to Change
My Comments: Retirement planning is one of the principal tasks of my practice. In fact, I will soon start teaching a new course sponsored by the American Financial Education Alliance (AFEA) to promote financial literacy. I’ve created a Chapter of AFEA here in Alachua County with my target audience people between the age of 55 …
Parents and Inheritance
My Comments: For many years, the financial industry has been telling those of us who work with clients that as the baby boomers age, trillions of dollars are going to flow to the next generation. The objective has been for us to help those people make good decisions. Or at least that’s what they would …
A Chilling Message About The Stock Market
My Comments: This is about something called an IPO. For the uninitiated, this is an Initial Public Offering. It’s when a company, new or old, attempts to raise capital by offering shares representing an ownership interest to the general public. It’s like a giant, global auction. It's not the final bid that determines how much …
Is Your House A Good Investment?
My Comments: My first house was in 1967 (I think). Since then I've had five more, all in the same town, with the current one a significant “downsizing” from #5. Of the first 5, only #2 was a good investment from a financial perspective. If your definition of “good” is wider, then all of them …
Prepare For A ‘Rockier Road Ahead’
My Comments: Investing money for the faint of heart is at best, a guessing game. Too much in ‘safe’ bonds and you get hammered when interest rates rise. Too little in ‘risky’ stocks at the bottom of a market trough and you get hammered when the next upturn happens. As explained here, the ups and …
Why You’ll Need to Own More Stocks After You Retire
My Comments: For many of us, retirement once seemed like a glorious goal to achieve. Now that many of us are here, the light isn’t so bright. As a financial planner, both for myself and others, the landscape is very different from what it was as little as twenty-five years ago. The fundamentals are the …
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Here’s The Big Economic Risk The Federal Reserve Is Willing To Take
My Comments: In the world of finance, especially here in the US, what the Fed does is a huge determinant of how our lives play out when it comes to our money and purchasing power. People have made and lost fortunes on their expectations of what the Fed will do next. Here is ‘projection’ about …
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Helping Define Your Financial Future 