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Tag Archives: Financial Planning

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...

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The Bond Bull Market

Last year, I wrote an article entitled “The Upcoming Bond Bull Market,” which, at the time, was pushing against the mainstream consensus which was predicting rates could only go higher. I am updating that article with the latest data points as the overall thesis of “why” we have remained bullish on bonds since 2013 remains intact. As we said at the time as yields were hitting some of the highest levels seen in the last decade: “The worse things seem, the better the opportunities are for...

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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...

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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...

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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...

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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,...

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MMT And Its Fictional Discipline

“That is some crazy talk” – Bill Gates on the topic of MMT In our article, MMT Sounds Great in Theory… But, we dove into the latest and greatest of economic thinking, Modern Monetary Theory (MMT). This theory is crucially important for investors and citizens to understand as its popularity is spreading like wildfire. The theory promises to be a strong force in the coming election and a challenge to the popular Keynesian policies that are widely adhered to by most governments and central...

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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...

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Should We Really Not Worry About The Fed’s Balance Sheet?

Bill Dudley, who is now a senior research scholar at Princeton University’s Center for Economic Policy Studies and previously served as president of the New York Fed and was vice-chairman of the Federal Open Market Committee, recently penned an interesting piece from Bloomberg stating: “Financial types have long had a preoccupation: What will the Federal Reserve do with all the fixed income securities it purchased to help the U.S. economy recover from the last recession? The Fed’s efforts to...

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MMT Sounds Great In Theory…But

If you haven’t heard about Modern Monetary Theory, or “MMT” for short, by now, you will soon. It is highly likely that MMT will be increasingly touted by economists and politicians from both sides of the aisle, as the economic prescription, even panacea, to cure our economic ills. Regardless of your view, MMT will have large effects on all asset classes, so we urge you to read this article, and others, describing this economic theory. Kevin Muir recently penned an article “Everything You...

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