In my profession, every once and awhile you come across a situation that makes you sick to your stomach…I just had one. Despite the number of red flags in this situation, my intent is not to critique another advisor’s strategy–I won’t have to because the flaws with the strategy will be obvious. Instead, I want to stress the importance of making…
Category: Financial Planning
Diversification in 2016
“DIVERSIFICATION MEANS ALWAYS HAVING TO SAY YOU’RE SORRY” -Brian Portnoy This is one of my favorite investment quotes, and while I’m not sure who said it first, I am going to give Brian Portnoy credit since I read it in an article he wrote back in early 2015 (link below). As I prepare for upcoming meetings with clients, I can’t…
The Right Type of Relationship with Your Financial Advisor
Recently, Barry Ritholtz wrote an article for The Washington Post that asked a simple question, “Do you need a financial advisor?” I am an avid reader of Barry’s blog (The Big Picture), along with his writings for The Washington Post, Bloomberg and other publications. I’m also a huge fan of what he and his colleagues are doing in the field…
An Alternative to Traditional Health Insurance
Today we start with a disclaimer: This post is intended to educate readers about an alternative option to traditional health insurance, and it is not a recommendation. CONSULT YOUR FINANCIAL ADVISOR, OR OTHER FINANCIAL PROFESSIONAL, TO DETERMINE IF THESE ALTERNATIVES ARE A GOOD FIT FOR YOU. It’s November, which means it’s open enrollment for health insurance coverage in 2017. And…
Just Breathe…
11/9/2016 @ 12:03 AM It appears Donald Trump is on his way to the White House. It may not be official by the time you read this in the morning; due to how close the race is, I anticipate requests for recounts, which will delay the conclusion to the 2016 Presidential election. But, while we may be waiting for the…
Indiana Teachers: An Update to the Indiana Public Retirement System (INPRS)
Listen up Indiana Educators: before long, there will be talk in the teachers’ lounge about changes coming to the Indiana Public Retirement System, which TRF became a part of a few years ago. Although well intentioned, the information you get in the teachers’ lounge isn’t always accurate. So here is a breakdown of the upcoming changes:
Ben Carlson’s Purchases Worth The Money
“While I think that lifestyle inflation is an issue for many people when trying to save, there are plenty of areas where it makes sense to shell out some cash.” – Ben Carlson I often tell clients financial planning is about finding balance–a balance between preparing for long term goals, while enjoying and experiencing life today. The struggle…
Act As If…
Want a quick way to end up in a financial mess (warning: NSFW language)…
A New Retirement
My fellow Millennials, it’s time we have a heart-to-heart about retirement. If you are planning on working for 30 years and then retiring, it is time to reassess those goals. Our retirement is going to be much different than the generations before us. Old Retirement = Pension + Social Security+ Savings Here are the facts: Life expectancies continue to rise:…
The Suit: Financial Planning For A New Generation
Recently, I was interviewed by The Suit magazine regarding my focus on working with Millennials. It’s exciting to have the opportunity to continue working with pre-retirees and retirees, along with my peers. I was told by other advisors that working with younger clients was not possible…well, in just a year my WealthFusion™ program is growing, and I’m finding plenty of…