Tagged with Financial Planner

ASSUMPTIONS MATTER

ASSUMPTIONS MATTER

One of the key things a financial planner does is make sure a client is using appropriate assumptions given the current environment.  We use sophisticated planning software to predict the probability of a client achieving their goals.  These applications go a long way in projecting all the possible outcomes, but the models are only as … Continue reading

HOW TO VET A FINANCIAL ADVISOR

HOW TO VET A FINANCIAL ADVISOR

I have worked in the financial services industry for over 30 years.  What I have learned is that it is very difficult for the typical consumer to distinguish between a good financial advisor and a bad one. A bad financial advisor could cost you hundreds of thousands of dollars over the course of your relationship.  … Continue reading

THE COST OF WAITING

THE COST OF WAITING

In today’s busy world, people often are reacting to things that are urgent but not necessarily vital.  One of those vital areas is retirement planning.  We meet people every day that are within 5 years of retirement and still putting off planning.  I believe they do this because they think there is very little to … Continue reading

INSULATING PORTFOLIOS AGAINST A RISE IN RATES

INSULATING PORTFOLIOS AGAINST A RISE IN RATES

Presented by Bruce Horowitz The strong equity market rally in early 2013 has fueled some concerns about inflation and rising interest rates, and investors now may be wondering how they can protect the fixed income portion of their portfolio against this inevitable rise in rates. It’s important to remember, however, that not all fixed income instruments … Continue reading

TAKE CARE OF THE BASICS FIRST

TAKE CARE OF THE BASICS FIRST

If you have read any of my writing, you know I am big on taking care of the basics.  I believe in fundamentals.  That is why I like the movie Karate Kid so much.  Daniel-san was mentored by Mr. Miyagi who helped him learn the fundamentals that carried him a long way.  The same is … Continue reading

AVOID THE NOISE

AVOID THE NOISE

One of the biggest mistakes investors make is to get caught up in the day-to-day news and the plethora of economic data they are bombarded with through the media network.  This causes investors to be increasingly focused on short-term performance.  In my opinion, this is to their detriment.  The more frequently one checks their investment performance, … Continue reading

SOCIAL SECURITY MISTAKES RETIREES MAKE

I have noticed that most retirees have very little counsel as it relates to maximizing a very important retirement asset, their Social Security benefits.  Many people believe that once they hit age 62, they should immediately begin receiving Social Security benefits.  This can be a huge mistake and cost your family hundreds of thousands of … Continue reading

WILL YOU OUTLIVE YOUR MONEY?

As people enter retirement, the above question weighs on them. Most, if answering honestly, would say, “I am not sure”.  Some of the factors that influence the outcome are:  How long you are going to live?  What will inflation be?  How are your assets allocated and how much of your earnings do you get to … Continue reading

THE LONG TERM CARE RISK

THE LONG TERM CARE RISK

As a financial planner, one of my main focuses is on risk management.  Long term care is a major risk that could cost anywhere from $100,000 to over $1M per person over the life of a long term care event.  Chances are pretty high that you will need some type of long term care during … Continue reading