Family Financial Discussions – The Beginning is the Most Important Part of the Work Family financial discussions are the beginning of our work with clients because we’ve learned that these discussions reinforce a truth that “every decision people make with money is justified by taking the information they have at the moment and plugging it
Written plans help clear up fuzzy thinking when investors take a punch The boxer Mike Tyson famously said that every fighter has a plan until he gets punched in the face and that’s why written plans help clear up fuzzy thinking when investors take a punch from the markets. Tyson was referring to his opponents
Goals-Based Wealth Management Tailors Everything To You Following a goals-based wealth management discipline will suit you. Imagine paying a visit to your tailor and ordering a suit. Your only instructions: It has to be bigger than your co-worker’s suit. That’s a ludicrous scenario, of course. Everyone appreciates that a suit tailored for you will be
When building wealth for the long term, your goal should be long term investing ‒ time in the market versus timing the market. This view represents the difference between being a long-term owner and a short-term renter (of stocks). If you can only take one investing axiom to heart, long term investing might be the
Retirement Distribution Planning May Help Minimize Your Overall Tax Expenses You’ll likely need to develop a retirement distribution planning strategy to help you minimize your overall tax expenses and help fund a more comfortable retirement, even after you’ve saved diligently and invested wisely throughout your working years. Without a retirement distribution planning strategy, you may
A deliberate dividend reinvestment strategy executed with care, prudence and a focus on dividend growth stocks within a diversified portfolio may allow investors to accelerate the mathematical power of compounding investment returns, a process that famed theoretical physicist Albert Einstein called the “eighth wonder of the world.” Investors who examine the benefits of dividend reinvestment
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