We frequently receive questions on Medicare and Social Security. Here are five of the most common questions with our answers. When Should I Sign Up for Medicare? If you’re not already receiving benefits, you should contact the Medicare office about three months before your 65th birthday. You need to sign-up for Medicare even if you … Read more
Have you noticed we’ve made it to the half-way mark in the year? As I usually do, I want to remind you to take stock of your finances after six months. Here are three questions to ask: Are you making progress on your 2021 money goals and, if so, how much, and if not, why … Read more
An asset is something with useful, monetary intrinsic value. For example, owning a public company’s stock has monetary value, one’s good name or reputation has intrinsic value, a company name has value (what is the brand name “Coke” worth?) a shovel has useful value. Because this is a personal finance blog, I’ll narrow this discussion … Read more
WalletHub recently completed a study on the effects of the COVID-19 Pandemic and people’s attitudes around money. Money problems have now surpassed COVID-19 as the top stressor in America. The study shows 71 million Americans anticipate having trouble paying their credit card bills because of the coronavirus. Not surprisingly, 79% of people think the credit … Read more
I’m not retired, yet. Maybe I’ll never be. However, I do think about retirement all the time for my clients. And even though I’ve been thinking about retirement for the better part of five decades, there are still things I wish I knew about my retirement. For example: What’s it like to not have to … Read more
“Investing” requires a well-thought-out plan to succeed. One based on un-biased research and testing. Investing means consistently following the plan. Investing requires patience and perspective. Of course, this is the opposite of speculation. Our approach to investing for our clients has four pillars: Risk and return are related; that is, you trade return potential for … Read more
A question I sometimes ponder is why do people speculate with their hard-earned money? By speculate I mean taking large risks (losing it all) for large potential gains. I understand a little why people go to a casino and gamble. People gamble for the thrill of taking risks for big gains. They gamble to be … Read more
There is a great deal of media coverage these days about new speculative approaches to making money and new speculative vehicles. For example, day-trading AMC and GameStop stocks influenced by Reddit subscribers and the hoopla around crypto currencies are two of the most popular media reports. Notice that I called these “speculative approaches” and “speculative … Read more
There is a great deal of media coverage these days about new speculative approaches to making money and new speculative vehicles. For example, day-trading AMC and GameStop stocks influenced by Reddit subscribers and the hoopla around crypto currencies are two of the most popular media reports. Notice that I called these “speculative approaches” and “speculative … Read more
Many client meetings these days include a conversation about inflation. People are worried because two recent stimulus bills have pumped trillions of dollars into the U.S. economy. Not to mention, the White House and Congress are considering infrastructure spending which will put even more money into the pockets of workers. In addition, the most recent … Read more
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