Financial Planning
My first financial lesson
On this Father’s Day, I want to share with you the first financial lesson my father tried to teach me. When I was in the second grade, the public school…
Read MoreTax shelter not just for the wealthy
The Blackstone Group LP has been pitching an innovative tax shelter to its ultra-wealthy clients. Invest your money with us and never pay any taxes. Blackstone, through its subsidiary, is…
Read MoreIncome planning
Once you are no longer working, you need to determine not only how much income you can afford to spend each year, but also from which accounts you should be…
Read MoreReduce taxes by becoming a Florida resident
Florida is one of nine states in the country with zero state income tax; residents of New York, Pennsylvania and Massachusetts incur significant state income taxes and state death taxes.…
Read MoreInvestment portfolios face troubling realities
We have all heard the phrase “past performance is no guarantee of future results.” The average 60/40 stock portfolio has performed quite well since 1982, with an average return of…
Read MoreElder abuse
According to the National Council on Aging, more than 10 percent of adults over the age of 60 are victims of elder abuse. Elder abuse can occur in many forms,…
Read MoreInvestor sentiment
Back in 1999, I recall meeting with clients regarding their financial planning. At the time, most people were enjoying stellar returns in their tech-heavy portfolios and they tended to be…
Read MoreRisk-adjusted returns
When reviewing your portfolio, it’s important to understand not only historical returns but how much risk was required to get those returns. For instance a 6 percent unsecured loan to…
Read MoreWhen is the best time to start Social Security income?
Everyone who reaches retirement age needs to determine how to maximize their Social Security benefits. For those born between 1943 and 1954, full retirement age is 66. Anyone is free…
Read MoreHow diversified is the S&P 500 Index?
The S&P 500 consists of 500 of the country’s largest publicly traded companies. These companies include the following sectors: energy, technology, consumer staples, consumer discretionary, financials, health care, industrial, materials,…
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