Kitchen Table Planning – The ‘Secret’ Formulas of Financial Planning
If you are like me math class was not the highlight of your day when you were in school. There are many formulas that melted from my brain like snow from a roof just as soon as I completed the test. But there are some math formulas that were worth relearning. I use them every […]
What Will You Do With Your $2,000,000
In 2013 the Census Bureau reported that the median household income in the United States was $51,939. Assuming you start working at age 25 and retire at 65, that means your lifetime household earnings would be $2,077,560. So the big question is what will you do with your $2,000,000?
Minimizing Loss
With the recent turmoil in the stock, bond, and real estate markets it is a good time to review one of the most important tenets of successful investing; minimizing your losses. The math of losses works in a funny way. If you lose 10% on your investment, a 10% gain does not make you even. […]
