Estate Planning: An Ounce of Prevention, a Pound of Cure

There are no crystal balls to tell us when our time on earth will be up, but some people do experience close calls. These instances are jolting reminders that while our time is limited, our planning and preparation can’t be. My friend, Paul, is, arguably, in better shape than most people I know. He’s an […]

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Topics: Advice

The Antidote To Stock Market Hysteria

Just for fun, Google the words “market pullback.” There are over 2.2 million results–most of them market predictions–and the first page of results is dominated by calls for an imminent market reversal that the simple desk calendar has already proven false. However, despite their worthlessness, market predictions remain as predictable as market opens and closes. […]

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Topics: Market Insights

Understanding Medicare Options and Late Enrollment Penalties

Overview: Enrolling in Medicare can be overwhelming. The following looks at enrollment periods for different coverage options. Medicare health insurance is a dense topic. Each of the various options have specific coverage and enrollment periods. To select the best coverage for you, it helps to have a better understanding of the program. This knowledge can […]

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Topics: Advice, Retirement

How to Make the Most of Working with a Financial Advisor

As someone who has long made a living as a financial advisor, I have an inherent bias toward retaining one. I even have one myself, because I believe personal finance is more personal than it is finance. However, paradoxically, I fear that the vast majority of those who retain the services of a financial advisor […]

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Topics: Advice

Who Will Raise Your Kids If You Can’t

Who will raise my kids if I can’t? This is a huge and unthinkable question. So it’s no wonder that I frequently hear a multitude of excuses from family, friends and clients – all the parents of young children – who have not yet set up their essential estate plans. Often, the hurdle isn’t finding […]

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Topics: Advice

Empowering Your Loved Ones With Knowledge

When a partner passes away or becomes debilitated, it is emotionally shattering. If your loved one runs the household or handles finances and investments and doesn’t have records or written instructions, it can be devastating. According to a Harvard Medical School publication, “Coping With Grief and Loss,” “Up to 50% of widows and widowers have […]

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Topics: Advice

Important Decisions: Appointing Trustees and Guardians

Life is hectic. Dealing with jobs, friends, family, and everything else you have on your plate contributes to that rapid pace. When you add children to the mix, it doesn’t get any easier. At some point, we run out of time to accomplish everything on our to-do list. Eventually, every one of us will run […]

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Topics: Advice

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