I’ve met some incredible people thanks to Twitter, and my pal Joe Kolb is one of those people. Joe made the trip all the way from Rhode Island to talk a little shop with me; well, he actually was going to St. Louis to meet with a client, but he made the trip from the STL to Fishers, IN and…
I recently exchanged emails with a potential client and before we had a chance to talk about his personal situation he let me know he had talked to a couple of other “advisors” and was just going to focus on maxing out his 401(k) for the time being. Keep in mind, I don’t know if maxing out his 401(k) was…
We’ve covered Estate Planning on the Whiteboard Series before, but with the passing of Aretha Franklin and learning that she did not have a will or trust in place, I thought it would be a good time to revisit the importance of getting the appropriate documents in place. While we may not all be as wealthy as Aretha (or Prince),…
iTunes Episode 012: Enormous Commissions Show Notes: The New York Times: Caring for Aging Parents, With An Eye On The Broker Handling Their Savings CNN: Aretha Franklin Had No Will Or Trust At The Time Of Her Death, Report Says The WSJ: Merrill Lynch Joins Brigade Downplaying Money-Market Mutual Funds The WSJ: Wealthy Parents Help Child Athletes Go Pro in Their Own Backyards…
Week In Review Articles: (Heavy on the WSJ links, sorry.) The WSJ: Michael Cohen Pleads Guilty, Says Trump Told Him to Pay Off Women. The WSJ: Paul Manafort Convicted of Eight Counts of Fraud The WSJ: S&P 500 Closes at New High The WSJ: Greek Bailout Ends, but Underlying Problems Remain The WSJ: A Surprising Bulwark for the U.S. Economy: The Personal Saving Rate CNBC: JP…
“Financial planning in the absence of an investment strategy designed to implement the plan is a f***ing fortune cookie. An investment portfolio absent the dictates of the goals from a financial plan is like building a house without a blueprint. Neither or these things is worth much without the other. But delivered in concert, they are essential and worthy of…
“Now, this type of thing, happens all the time…” -Snoop Doggy Dogg In “Gin and Juice”, Snoop Dogg breaks down everyday life in the LBC (Long Beach City) and while the life of a financial advisor is not near as wild as that of a young Snoop Dogg, there’s plenty of drama in the FPC (Financial Planning Community)… The Drama…
iTunes Episode 011: Saving > Investment Strategy Show Notes: All About Your Benjamins The Podcast: Talkin’ Taxes With Bill Sweet A Wealth Of Common Sense: 8 Questions I’ve Been Pondering Retirement Maven: Retirement Stats Are Grim But It Is Never Too Late To Start A Wealth Of Common Sense: Some Thoughts on Investing in Real Estate Eric Roberge Tweet Carl Richards via…
Week In Review Articles: The WSJ: Consumer Spending Lifts Retailers / NBC News The WSJ: SEC Sends Subpoena to Tesla in Probe Over Musk Tweets / CNBC The WSJ: SEC Probes Tesla Over Model 3 Production Disclosures The WSJ: Elon Musk Tweets Another Surprise, Saying Goldman and Silver Lake Are Tesla Advisers The New York Times: Elon Musk Details ‘Excruciating’ Personal Toll…
This week I recorded and released an outstanding conversation with Bill Sweet of Ritholtz Wealth Management on, of all things, taxes. Yes, I know taxes are not a favorite subject for most people, but it is an important part of a financial plan. As you’ll learn from Bill, proper usage of tax-advantaged accounts can help provide a boost to your…