So, you’ve seen all the newsletters advising you not to panic and sell as the stock market loses 20% in a week. You may even hear investment folks encouraging you to buy stocks if you have any cash. But, as you watch your accounts drop each day, you can’t help feeling like buying more and…
The first quarter rite of passage for financial advisers seems to be attending economic forecasts. Yes, it is absolutely as fun as it sounds. Zzzzzz. I try to avoid these meetings because market forecasts are almost never right and not one is ever called to account for their not-rightness. Like weather forecasting. Also, I…
An alert reader asked me to elaborate a bit on the SECURE Act in relation to the effect on inheriting IRAs. This has received a lot of press, so I guess a lot of people are worried about it. Is it possible all the press the SECURE Act has received is making people worry? Hmmmm.…
We are in the depths of despair. Okay, maybe not despair, but the depths of the winter blahs at the very least. You may be fantasizing about an escape to warmer climes soon. Fear not, the opportunity is coming. For parents, Spring Break offers an obvious time to plan a beach vacation. Even if you…
Well, in reality, they are here. RoboAdvisors, that is. Over the last few years, people in my industry have made a big deal about selling the services of their RoboAdvisors or hand-wringing that RoboAdvisors are the death knell of human financial advisors. First, let’s clarify what a RoboAdvisor is. And is not. RoboAdvisors offer…
As a financial adviser, it’s a balance between convincing you to save for the future and not being such a total nag that you don’t enjoy your life. That said, the estimated $20 billion expected to be spent on Valentine’s Day gifts does give me pause. Here are the Hallmark Cards I wish were…
And just like that it seems we go from embarrassing, misspelled, grammatically incorrect tweets which just irritate both allies and haters to real missiles being launched at our enemies and friends. Among other worries, you might wonder how the U.S. getting involved in an armed conflict could affect your investments. As always, when predicting the…
Remember that icebreaker game, Three Truths and a Lie? You give 4 facts about yourself and the group guesses which one is the lie? I am a horrible liar (good news for those of you who are my clients!) and my life is so boring it’s a tough game for me to play. Today,…
We are into the misery of winter now. Short, cold days, runny noses, and lumpy sweaters make you long for a beach vacation. But what if you could put that vacation money to use in your investments? What kind of companies profit from cold weather? Remember, this blog is not investment advice, but some…
After being stuck in the Senate for over 6 months (thanks, as usual, Ted Cruz!), the Setting Every Citizen Up for Retirement Security, aka the SECURE act, was finally signed into law at the end of 2019. What does it mean for you? Here is a very quick summary with bonus snarky commentary:…
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