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Managing Income Streams for Retirement
When approaching retirement, many families focus on their ability to reach financial independence based solely upon their investment holdings and savings. While their investments are, of course, an important part of their overall financial picture, they are not the only factor in the retirement equation. What families often miss is the contribution of the various ... Managing Income Streams for Retirement
Personal Finance Needs to Be Personalized: Why Rules of Thumb Are Misleading
If you are trying to figure out how much you need to save for retirement or determine how much life insurance you should have, financial rules of thumb can be a helpful starting point. But as your situation becomes more complex and your level of wealth grows, rules of thumb can go from being helpful ... Personal Finance Needs to Be Personalized: Why Rules of Thumb Are Misleading
The Proprietary Product Dilemma: Why Families Should Prefer Independent Advice
For high net worth families, one of the many pitfalls that is not often discussed when hiring and evaluating a wealth advisor is the use of “proprietary products” in their investment portfolio. The use of proprietary mutual funds is very common in the investment industry. Here is how it works: a family hires a bank ... The Proprietary Product Dilemma: Why Families Should Prefer Independent Advice
What Business Owners Need to Know to Successfully Transition
According to a survey from PriceWaterHouseCoopers, 3 out of 4 business owners surveyed said they “profoundly regretted” selling their company. Watch this 2-minute video to learn about how we work with business owners to prepare for transition into retirement. You can also read our case study to get more details on our process. GET A SECOND ... What Business Owners Need to Know to Successfully Transition
U.S. Economy Continues Strong Growth
The U.S. economy grew by an annualized rate of 3.2% in the first quarter of 2019, according to the Bureau of Economic Analysis in late April. The growth was surprisingly strong, as the consensus estimate of Dow Jones-polled economists had estimated a Q1 growth rate of 2.5%. The reading from the first quarter inspired confidence, ... U.S. Economy Continues Strong Growth
Why Market Optimism Matters for Successful Investing
It’s pretty easy to succumb to cynicism and pessimism in the current environment. Nearly 60% of people believe the U.S. is on the wrong track. Trust in institutions is at or near all-time lows. Scandals, natural disasters, and mass violence are all too prevalent. If you start to extrapolate that out into the future, your ... Why Market Optimism Matters for Successful Investing
How to Protect Yourself Against Unexpected Retirement
The Boston College Center for Retirement Research published a recent report on retirement age and the factors that contribute to people retiring early. The results were not surprising, although there were some interesting takeaways from the research, especially regarding unexpected retirement.[1] The report on retiring early comes from other economic research, which suggests that many ... How to Protect Yourself Against Unexpected Retirement
Retirement Lifestyle Questionnaire: What Does Retirement Mean to You?
Husbands and wives are often out-of-sync when it comes to retirement because of differing views of how they’d like to spend their time. These differences are not necessarily a problem if you become aware of them ahead of time. To help you get started with this process of envisioning a meaningful retirement, we recommend thinking ... Retirement Lifestyle Questionnaire: What Does Retirement Mean to You?
Market Hits New Highs
The S&P 500 Index and the Nasdaq Composite closed at all time highs on April 23rd, marking a significant turnaround from the U.S. stock market’s decline at the end of 2018. The S&P 500 Index closed the day at 2,933.68 and the Nasdaq at 8,120.82. For the year, the S&P 500 Index is now up ... Market Hits New Highs
How much are you willing to lose to achieve your goals?
Academic theory of the financial world is often built upon one main assumption: that people are perfectly rational in making economic decisions and that these rational decisions by individuals help to create a high degree of efficiency in the broader financial markets. Efficient markets work, as the theory goes, because all actors are behaving in ... How much are you willing to lose to achieve your goals?
Why Diversification is Not Always the Answer
The need to diversify is so foundational to financial advice that it can seem absurd to even question it. But sometimes clients question us in ways that have made us rethink the conventional wisdom regarding diversification in finance. Here’s what happened to me. Challenging the Cliché Advice It was sometime in mid-2009 when a colleague ... Why Diversification is Not Always the Answer
Is It A Good Time to Invest in Energy Stocks?
Energy stocks have been some of the weakest performers of the U.S. stock market over the past five years. It’s easy to understand why these stocks have done so poorly in recent history, given significant volatility in the underlying oil market. Following a precipitous drop in the price of oil, which reached a bottom at ... Is It A Good Time to Invest in Energy Stocks?