Lifeboat Drill
If you ever take a cruise it will begin something like this. You board the ship. You are excited to begin your vacation. While your luggage is being loaded and you are waiting for all your fellow passengers to arrive, you tour this huge floating hotel, taking in the beautiful blue ocean and the clear […]
Leap Day!
February 29, Leap Day. We all get an extra day, so what will you do with yours? Leap at an opportunity? Leap for joy? Leap frog the competition? I like the word leap. It even sounds like action. Maybe this leap day is the day you start taking action on something that will improve […]
Lawsuit Challenging DOL Fiduciary Rule Filed
Here are the people who do not think advisors should be held to a fiduciary standard: SIFMA – Securities Industry and Financial Markets Association. View their members here. FSI – Financial Service Institute. FSI is comprised of financial advisor members and broker-dealers. You can learn more about this group here. IRI – Insured Retirement Institute. IRI […]
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 […]
Kitchen Table Planning – Safe Withdrawal Rates
How much money you can take out of your investments without running out of money is a critical question when building any financial plan. As a member of the Financial Planning Association I hear from other members and read in the financial press many theories on how to calculate a safe withdrawal rate. Some of […]
Kitchen Table Planning -Estimating Your Rate of Return
Many people do ‘kitchen table’ financial planning from time to time. They have a goal and make a guess about how much money they will need to pay for it. Next they will assume some rate of return on their capital and off they go, pounding on the calculator keys until they arrive at an […]
Just Because You Can Doesn’t Mean You Should
Just because you can afford to buy designer clothing doesn’t mean you should Just because you can take more risk doesn’t mean you should Just because you can take less risk doesn’t mean you should Just because you can spend more doesn’t mean you should
Jerry Maguire (1996)
Final in our Oscar week series on money and the movies. From “Jerry Maguire” the following exchange. Dicky Fox: Hey, I don’t have all the answers. In life, to be honest, I failed as much as I have succeeded. But I love my wife. I love my life. And I wish you my kind of […]
All That is Gold Does Not Glitter
Boring, boring, boring. That’s how you might describe one of the best investments my kids will ever profit from. Back in 1990 my children’s grandparents bought them 50 shares of Disney common stock for around $500 per child. The kids received the dividend check each quarter and thought it was neat getting a little extra […]
It’s a Marathon
Usain Bolt is the fastest man in the world when it comes to sprinting. The gun fires and Bolt is off and in less than 10 seconds Usain has crossed the finish line. Unlike the mad dash speed of a sprinter, reaching you financial goals is more like running in a marathon where pacing yourself […]
