Make Beneficiary Designations With Care

When you opened your IRA account 25 years ago, whom did you name as the beneficiary? Is your ex-spouse still the beneficiary of your life insurance policy? If you can’t quite remember, now is a good time to check. Designating a beneficiary — the person who will receive the proceeds upon your death — may […]

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Topics: Advice

Lessons from 2016

Every year, the market provides us with some important lessons on prudent investment strategy. Many times, the market will offer investors remedial courses, covering lessons that it has already delivered in previous years. That’s why one of my favorite sayings is that there’s nothing new in investing—there’s only investment history you don’t yet know. Last […]

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Topics: Advice, Investing, Investment Strategy

What 2016 Taught Us About Investing

Investing is a pursuit best liberated from short-term analysis that tends to mislead more than edify. But 2016 was one of those rare years that provided a lifetime’s worth of education in a brief period. Here are the three big investing lessons of 2016 that can be applied to good effect over the long term: […]

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Topics: Advice, Investing

Advanced Planning

Wealth management works hand in hand with portfolio management, adding value beyond the importance of a prudent investment philosophy. The experience begins with crafting a holistic plan designed to help you in achieving your vision of financial success. That customized plan should address financial objectives, values related to money, concerns that keep you up at […]

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Topics: Advice, Investing, Investor Behavior

The 10 Most Important Things to Help Ensure Your Family’s Wealth and Well-Being

Several lifetimes ago, when I was a newly minted wealth advisor, I would often begin planning conversations by listing all the many ways that comprehensive money management could help families find personal excellence in their busy lives. Fortunately for all concerned, I soon realized that, in my enthusiasm to impart everything there was to know, […]

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Topics: Advice

“Free Lunch” Investing Takes Time to Cook

As the director of research for The BAM Alliance, I’ve been getting lots of calls recently from investors questioning their international equity investments. This hasn’t been a surprise, as any time an asset class does poorly, a significant number of investors will question why they own that asset. One particular inquiry I received addressed the […]

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Topics: Advice, Investing

Economic Growth Doesn’t Necessarily Mean Better Returns

Conventional wisdom can be defined as “ideas that are so ingrained in our belief system they go unchallenged.” Unfortunately, much of the “conventional wisdom” about investing is wrong. One example of erroneous conventional wisdom is that investors seeking higher returns should invest in countries that are forecasted to have high rates of economic growth, such […]

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Topics: Advice, Investing

No Free Lunch and No Free 401(k) Plans

Most of us understand that if somebody else picks up the check for lunch, there is probably a catch. The old adage about there being no such thing as a “free lunch” is true more often than not. Hopefully, though, the offset isn’t worth more than the cost of the meal. When it comes to […]

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Topics: Advice, Investing, Retirement

10 Things You Absolutely Need to Know About Life Insurance

  Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s vital for most. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance. Perhaps this is due to life insurance’s […]

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Topics: Advice, Retirement