In a previous blog, I shared a three-question financial literacy assessment that is used widely in the United States and in many other countries as well. It was developed over 20 years ago by two college professors, Lusardi and Mitchell. The questions cover the concepts of compound interest, inflation, and risk diversification. I promised a […]
FINANCIAL LITERACY ASSESSMENT #2 Read More »
Let’s say you’ve recently completed or reviewed your estate planning documents – will, trust (if appropriate), powers of attorney for finances and medical decisions, and advance directives for your care – and updated the designated beneficiaries of your life insurance, retirement accounts, perhaps even your house and car. So many decisions. Toast yourself and the
YOUR HEIRS NEED TO KNOW Read More »
According to a February 2022 McKinsey report, “$30 trillion in investable assets will be possessed by baby boomers by 2030, much of it controlled by women. Today, women control a third of total US household investable assets—approximately $12 trillion. Over the next decade, this share will grow. The biggest cause of this shift will be
DO YOU KNOW YOUR HOUSEHOLD NET WORTH? Read More »
Help for those in their early 60’s Are you worried that you may need to work far into the future, or change your lifestyle dramatically in retirement, or both? How do your retirement savings compare to others? The Average For many people, an employer sponsored 401(k) retirement savings plan houses their largest retirement account. Vanguard,
NEED A BOOST TO YOUR RETIREMENT SAVINGS? Read More »
Are you retired or is retirement within sight? Congratulations! Now you can do all those things you have dreamed of doing in your leisure years – travel, spend time with family, volunteer, play more golf or pickleball, or try something new. Up to this point, you have probably focused on growing your wealth within comfortable
THE THREE BUCKET INVESTMENT PORTFOLIO Read More »
If you read financial information on social media or subscribe to publications, you very likely have seen references to direct indexing. What is it and is it something you might consider? First, a quick review of indexing as the term is used in investing. What is indexing? “An index is a method to track the performance of
A DIRECT INDEXING APPROACH TO INVESTING Read More »
Volumes have been written about love in its many forms – romantic, friendship, familial, universal, practical, and self-love – to name a few. When we hear the word “love” you may even picture an actual example of one of the types of love. I recently spent a couple of days with my four sisters at
WHICH WILL YOU CHOOSE – LOVE OR FEAR? Read More »
When you hear someone talk about the stock market, do you understand the terms they use— domestic markets, international markets, emerging markets, developed markets; small- mid- or large-cap stock; growth or value stock? Is the jargon confusing? Understanding these terms will help you navigate the world of stocks. This blog will cover broad market definitions.
ARE STOCK MARKET DESCRIPTIONS CONFUSING? Read More »
With the above parting admonition Steve Jobs closed his commencement address at Stanford University in 2005. No matter your age, there is a message in this for each of us. Jobs’ speech had three main points.[i] Dots will somehow connect in your future. Find what you love. Death is the destination we all share. Dots
“STAY HUNGRY, STAY FOOLISH” -Steve Jobs Read More »
As a retired financial planner, I admit that my favorite clients were those whose goals included generous charitable giving. One couple comes to mind. Not only did they make generous donations to their alma mater and favorite non-profits, but they also invested in community efforts to improve blighted areas. Their life purpose was passed along
CHEERS FOR THE FUTURE OF CHARITABLE GIVING Read More »