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Tag Archives: financial risks

#FPC: New Advisors: Stop Doing These Two Things.

The higher stocks ride a glide path of zero volatility, the greater the risks for investors and their financial partners to fall victim to overconfidence. After all, we are human;  when it comes to money and emotions our brains are no smarter than a lizard’s.  As markets continue to be  hyper-fueled by unconventional monetary and fiscal policy in the form of tax cuts, it’s normal to suffer from chronic FOMO or Fear Of Missing Out. It feels like this charging bull is invincible.  You don’t...

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FPC: Do You Have A “Financial Vulnerability” Cushion?

REGISTER NOW for our most popular workshop: THE RIGHT LANE RETIREMENT CLASS The Westin Austin at the Domain- 11301 Domain Drive, Austin, TX 78758 February 8th from 9-11am. Everyone has heard of having emergency funds, but how many have heard of a financial vulnerability cushion (FVC)? Common, old rule of thumb financial rules typically dictate savings rates, but in times like we currently face should we be doing something different? I know, I know times are great. Markets are hitting...

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Rosso’s 2020 Reading List – Part II

“A reader lives a thousand lives before he dies… The man who never reads lives only one.” – George R.R. Martin. I’m not sure what I would do without books. On weekends, I can be found in antique stores searching out volumes written in many instances, over 100 years ago from authors most of us never knew existed. These treasures don’t cost much. The words are priceless. I find that absorbing fiction and self-improvement as well as financial or economic titles, fosters an ability to think...

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FPC: All The Numbers You Need To Know For 2020

REGISTER NOW for our most popular workshop: THE RIGHT LANE RETIREMENT CLASS The Westin Austin at the Domain- 11301 Domain Drive, Austin, TX 78758 February 8th from 9-11am. Hopefully you’ve had some time to reflect and grade yourself on your financial progress for 2019 and you’re ready to take 2020 by the horns. The new year brings new numbers to be aware of to ensure you’re taking advantage of all you can. There are many contribution limits, income limits and a vast array of numbers used in...

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Financial Planning Corner: A Change To RMD’s For Post-49’ers

Happy New Year from RIA Advisors Planning Corner! As we wind down the holiday season our focus begins to shift back toward wealth and health. This financial industry and retirees have been trying to figure out what the passage of the SECURE ACT means to them. We’ve spent some time on this over the last couple of weeks, but we keep getting one really important question from readers over the holidays. When do I have to take my Required Minimum Distribution aka RMD from my tax deferred...

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Rosso’s 2020 Reading List

Let’s be reasonable and add an eighth day to the week that is devoted exclusively to reading. – Lena Dunham. I’m not sure what I would do without books. On weekends, I can be found in antique stores searching out volumes written in many instances, over 100 years ago from authors most of us never knew existed. These treasures don’t cost much. However, the words are priceless. My reading interests are varied as I strive to fight myopia. I find that absorbing fiction and self-improvement as well...

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Financial Planning Corner: What You Need To Know About The SECURE Act

All you need to know about the SECURE ACT, a Required Minimum Distribution reminder and last minute financially savvy gift ideas The week before Christmas has been just a little busier than usual. Even with all of the additional political hubbub, it looks like politicians did have time to get one thing done: The SECURE ACT. The SECURE ACT has finally been sent to President Trump’s desk to be signed. This bill does accomplish several good things for small businesses and the average worker, but...

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The SECURE Act: It’s Reality & What You Need To Know

Like a thief in the night, in a rare bipartisan agreement, Congress passed the Setting Up Every Community for Retirement Enhancement Act or the SECURE Act. The most creative element of the act admittedly, is the name. All is needed now is the President’s signature which is a foregone conclusion. I’m torn by this Act. There are several good elements to it; however, those who plan to leave significant wealth through non-spousal inherited IRAs are going to face formidable issues with this bill,...

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It’s a Wonderful Time of Year to Face Financial Ghosts.

What are your ghosts? Ghosts of the past are notorious for creeping into the present, especially when holidays roll around. If you’ve unpacked an ornament from 30 years ago or got lost in a memory while watching A Charlie Brown Christmas, then you understand. The ghosts of Financial Mistakes Past are sometimes not so kind. In other words, they’re not mindful of seasons; they aren’t warm and fuzzy either. Rattling chains of the ghosts of financial mistakes can be uninvited guests for years to...

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Never Forget These 10 Investment Rules.

“Psychology is probably the most important factor in the markets, and one that is least understood.” – David Dreman A motive of the financial industry  is to blur the lines between investor and trader. I’m convinced it’s to make investors feel guilty for taking control of their portfolios. After all, Wall Street firms ares the experts with YOUR money. How dare you question them? Sell to take profits, sell to minimize losses, purchase an investment that fits into your risk parameters and...

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