Saturday , December 7 2019
Home / Tag Archives: Approved

Tag Archives: Approved

9-Ways To Teach Kids About Money

Financial literacy is a grassroots effort that begins at home. Or in the car. Or in the bathroom. With money such a big part of our lives, opportunities to build a child’s financial literacy are all around us. As a child, I was an observer. My mother existed on welfare and dad lived for the moment. Both died with nothing. Today, with your children bombarded with messages to spend you need to “sneak” money lessons in whenever possible. Success comes from changing up old beliefs about how you...

Read More »

Health Is Part Of Your Financial Plan

So, have you scheduled your colonoscopy? How’s the diet going? How much weight have you lost? How many hours of sleep do you get a night? Welcome to client/advisor conversations of the future. And the future is now. It’s easy to comprehend how unhealthy people accumulate less wealth, may be forced to retire sooner and suffer shorter life expectancies. If anything, being unhealthy in retirement even if one has the finances, makes for an emotionally challenging existence. According to De...

Read More »

Tips To Consider If You Are At Risk Of Getting A Severance Package

With the current economic expansion already extremely long, even by historical standards, there is a rising risk that record low unemployment most likely won’t stay that way forever.  Could your job be at risk when the next recession comes? Severance packages are popular when companies seek to reduce workforce, especially older workers. According to Lee Hecht Harrison and Compensation Resources Inc. in their 2017-2018 Severance & Separation Benefits Benchmark Study of over 350 senior...

Read More »

Social Security IS America’s Pension

Abhorrent income inequality along with issues related to social safety nets like Social Security are political hot potatoes. They should be considered human issues. I’m certain that most readers regardless of political affiliation have witnessed or experienced firsthand, wage stagnation; people close to retirement who complete comprehensive financial planning realize the positive impact Social Security has on retirement success rates. Without Social Security included, even those who are...

Read More »

5-Things To Do Before Retirement

Saving for retirement isn’t perfect nor as easy as most financial pundits make it appear. Certainly, people with steeled fiscal resolve exist; those not diverted by a major financial life event that has threatened or postponed retirement plans should consider themselves fortunate.  Sadly, it’s not the norm. Today, most retirements are imperfect. Two significant stock market events, a decade or longer wasted for investment accounts to breakeven, a financial crisis, underemployment,...

Read More »

Is Your Investing Like A “Bird Box” Challenge – Part 3

In this 4-part RIA series, I urge investors to develop their “Gut Box,” and not remain blindfolded to the stories that are churned out by Wall Street and regurgitated by the front lines of big-box financial retailers. Their objective is to keep money invested in stocks regardless of how long it takes to recover from losses. Losses don’t matter to them. They matter to you. Which brings me to the scion of Wall Street’s stories. The big daddy. The fable so entrenched it’s a religion. It’s not if...

Read More »

Is Your Investing Like A “Bird Box” Challenge – Part 2

“Some people boast of selling at the top of the market and buying at the bottom – I don’t believe this can be done.” – Bernard Baruch. In Part 1, I outlined how it can be emotionally healthy to examine investment account statements through bullish and turbulent market cycles. Consider it a healthy exercise in financial awareness; to generate questions or set a meeting to review a financial partner’s overall money and risk management philosophy. The financial services industry prefers that...

Read More »

Is Your Investing Like A “Bird Box” Challenge – Part 1

In a popular Netflix movie, Sandra Bullock and two children seek to escape an ominous force that motivates observers to commit suicide. Victims stare into nothing, hear voices of deceased loved ones, perhaps experience their greatest fears, pupils get weird and then BOOM. Suddenly, people are jumping in front of cars, stabbing themselves in the neck with scissors. Blindfolds are the difference between life and death. Birds can detect when this invisible death mist is rolling in. They go into...

Read More »

Rosso’s 2019 Reading List

Business Insider is prolific with the number of reading lists they produce every year. What books grace Jamie Dimon’s nightstand? Which titles motivate Warren Buffett? Granted, there are respectable fiction and non-fiction selections among their lists; several have captured my attention. Business Insider fails miserably when it comes to the topic of investing. Blind buy-and-hold is the overarching theme so candidly, I ignore their choices. It’s not that I haven’t read them. I have. With close...

Read More »

Bear Market Awareness Checklist

Bear markets characteristically align with economic contraction. In his seminal tome – “Anatomy of the Bear – Lessons from Wall Street’s Four Great Bottoms,” which should be required reading for advisors and professional investors, author Russell Napier provides comprehensive analysis of market where stocks cycle from overvalued to undervalued (14 years on average) coupled with chronological events which marked bear market bottoms of 1921, 1932, 1949 and 1982. Mr. Napier found that economic...

Read More »