Tagged with Retirement

WHEN DOES A 4% RATE OF RETURN EQUAL 1.5%?

WHEN DOES A 4% RATE OF RETURN EQUAL 1.5%?

The answer is when you are in retirement.  I talk to lots of people who are entering retirement and the one thing I try to stress is that it is a different ballgame and requires different strategies for managing your wealth.  The objective typically changes from one of growing your money to one of preserving … Continue reading

WILL THE OUTCOME OF THE PRESIDENTIAL ELECTION AFFECT ME?

WILL THE OUTCOME OF THE PRESIDENTIAL ELECTION AFFECT ME?

Lately, I have received a lot of questions from clients regarding the presidential election and how it will affect their portfolios. No one can accurately answer this question, but what I can say is that if good government was required for people to be financially successful, we would all be broke.  I feel for clients … Continue reading

HOW YOUR HOME EQUITY CAN HELP YOU ENJOY RETIREMENT

HOW YOUR HOME EQUITY CAN HELP YOU ENJOY RETIREMENT

First let me say that I am not a fan of debt, especially in retirement.  However, in certain circumstances it can be appropriate.  What I find is that often people’s largest asset is their home.  However, it typically does not help them much if they are not willing to sell the assets to access the … Continue reading

TAKE ACTION ON WHAT YOU CAN CONTROL

TAKE ACTION ON WHAT YOU CAN CONTROL

I have often noticed that people spend valuable time worrying about things they cannot control.  In the financial arena this includes trying to predict what the stock market is going to do in the next day, week or year, how fast China will be growing, what interest rates will do, what the price of oil … Continue reading

HOW YOUR CHILDREN CAN SAVE YOU MONEY

HOW YOUR CHILDREN CAN SAVE YOU MONEY

If you own a business and have children, you may be overlooking a valuable opportunity to reduce income taxes.  The basic idea is to shift income to your children and take advantage of their lower tax bracket.  In order to implement this strategy, you must first have a business that lends itself to hiring your … Continue reading

AMERICAN SNIPER

AMERICAN SNIPER

I recently saw the movie American Sniper.  In honor of that movie I thought I would write about the most deadly retirement enemies.  These are the combatants that can take you out unless you know about them and have a plan to protect yourself.  The hazards you face during retirement are different than those you … Continue reading

WHEN AVERAGE IS GOOD ENOUGH

WHEN AVERAGE IS GOOD ENOUGH

Generally speaking no one wants to think of themselves as average, but when it comes to investing being average can be your friend.  What do I mean by this?  Everyone would like their investments to outperform the hottest sector. By striving for this, you will inherently take on more risk which can be quite damaging … Continue reading

EVERYONE NEEDS AN ADVISOR

EVERYONE NEEDS AN ADVISOR

This article will be somewhat biased given the fact that I am a financial advisor.  Having said that, I truly believe if you can find a competent and trustworthy financial advisor, they can be worth their weight in gold. Many people mistake investment planning for financial planning. Investment planning is just one component of overall … 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

THE TAX DRAIN

THE TAX DRAIN

I wanted to officially congratulate everyone for making it through another tax season.  We are now in financial freedom territory.  This means you get to keep what you earn versus it going to the government.  If you live in California, “Tax Freedom Day” was April 27th.  That means up until April, 27th, all your earnings … Continue reading

TENNIS, DR. LAURA, AND…INVESTING

TENNIS, DR. LAURA, AND…INVESTING

As many of you already know, I am an avid tennis player and play almost every day.  I just returned from the Indian Wells BNP Paribas Open, one of the premier tennis events in the world. I was able to see some of the best tennis players in the world compete. Sitting there, I couldn’t … Continue reading

THE END OF THE WORLD

THE END OF THE WORLD

I have been getting calls clients about rumors and e-mails predicting certain disasters.  Many people listen to the media and are convinced that we are in a financial situation where the world will go through a massive global recession the likes of which we have never seen before.  Some are also concerned that the purchasing … 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

KEEPING WHAT YOU MAKE, A TAXING ISSUE

With April 17th right around the corner, many people have taxes on their mind. What people don’t realize is that we are in one of the lowest tax rate environments that has ever existed. The top tax rate for an individual is currently at 35%. The capital gains rate is at 15%. To give you … Continue reading

MASTER THE FUNDAMENTALS

MASTER THE FUNDAMENTALS

I love the original Karate Kid movie where Daniel-san wins the tournament.  My view of why he won the tournament is because he focused his energy on the things he could control and mastered the fundamentals first.  In sports and in wealth management, I see too many people focusing on the fringe areas and not … Continue reading