Summer Is Here!

Can you believe it?  The 4th of July is upon us.  I love the fireworks, the barbecues, family and friends gathering and just enjoying each other.  We have been through some difficult times lately, and we have many problems to solve – it won’t be easy, but we have to work at it.  We have to really listen to each other, respect each other, and learn to compromise.  Even with all her imperfections, the good ole USA is a great country; and it is time to celebrate what we have and where we live. Summer Investing If It’s On The Internet, It Must Be True […] Read more »

Family Businesses Often Overlook Risks To Family Members

Your family business may be well protected from risks but what about your family members? Could the family business do major damage to the family? Are there risks you can remove or protect against? A new family business study indicates that most family businesses lack a regular risk management process that covers the entire enterprise including risks to the family. A report in the May/June 2015 Family Business magazine on the Crystal & Company and Family Office Metrics study said the study found only 30% of the 159 online survey participants have an enterprise-wide risk management process. This concerns me because some business owners focus […] Read more »

Money Book Gives Insights to High Net Worth Individuals

When people recommend a financial planning book I often cringe. So many financial and investment books provide poor advice. But recently a client asked me to read Tony Robbins’ Money: Master The Game – 7 Simple Steps to Financial Freedom and I’ve found many solid, practical ideas in the book. Business owners and high net worth individuals may feel the same. Yes, the book’s long. I’m only on page 340 of its 627 pages. But here are some reasons why Money: Master The Game may be worth your time. First, I believe in taking financial and investment advice from high net worth individuals who have […] Read more »

Want to Retire? Make Your Money Work for You

Be honest. Don’t you think that most people spend way too much time and energy worrying about or trying to influence financial matters they can’t control? It’s true.  My advice is to not focus on financial matters you can’t control. Make Your Money Work for You. Focus on the things you can influence and that will make a big difference in your life. For example, you can’t control time, but you can control the time you spend preparing for retirement. You cannot control Social Security, but you can put money aside in a way that can provide a comfortable retirement whether or not Social Security is […] Read more »

Retirement Planning Starting Gate

retirement-planning-starting-gate

What’s the single most important thing you can do to start successful retirement planning? Just get started. As hard to believe as it might be, the single biggest factor in people not achieving a comfortable retirement is that they never make retirement planning a priority. There’s a great list of simple steps you can take to prepare for your retirement. The list is the free download, 21 Critical Retirement Questions Answered. But here’s something you can do first. Sit down with your spouse or significant other and see how many of these 20 statements you both can say “yes” to. Work on resolving any you […] Read more »

The Easiest Way to Create Retirement Wealth

Create Retirement Wealth

People who are far from retirement often widely misjudge the total savings they’ll need. A big reason for this is the pervasive impact of inflation over decades. We tend to assume a dollar is a dollar is a dollar. Not so. In 1970, the average cost of a new car was $3,900. By 1990 the average new car cost $16,000. Today the cost is well over $20,000. Let’s imagine that type of price inflation continues. It could drive the price of a car in 40 years to more than $100,000. What $1,000 Bought in 1970 Now Costs $6,000 Here’s another way to view inflation. According […] Read more »

A Quick Retirement Quiz

A Quick Retirement Quiz

      Can You Pass a Quick Retirement Quiz? Ready for retirement? You may not be if you can’t ace this quick retirement quiz. See how much you know about retirement and what you need to do to take care of your own retirement needs. Because people are retiring earlier and living longer, the average retiree will spend about ____ percent of adult life in retirement. Comprehensive retirement planning is multi-dimensional. It requires making choices about housing, health care, income and being sensitive to ______ planning issues. Today we tend to have _____ expectations about our retirement lifestyle. We expect to lead active lives […] Read more »

The Warren Buffet Way How He Really Invests For Those He Cares Most About

The following commentary from Fred Taylor is certainly worth a read I always read, with interest, the annual Berkshire Hathaway annual report to shareholders (www.berkshirehathaway.com). Aside from the “obvious” financials that one finds in all annual reports, it highlights the folksy style that Buffet writes in, is very short on typical corporate financial obfuscation and very long on common sense (more on this aspect later). I highly recommend to all a visit to their website and taking some time to peruse the report to absorb not only some of it’s flavor, but also the illumination on the technique and rationale that he and his partner, […] Read more »

The Devil Wears Nada

by Jim Parker Vice President, DFA Australia, Limited The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Much of the financial services industry works the same way. Fashion designers, manufacturers, and media operate by telling consumers what’s in vogue this year, thus artificially creating demand where none previously existed. What turns up in the boutiques is hyped as hip by the glossy magazines to make you feel like you “have” to buy it. Likewise, much of the media and financial services industries depend on fleeting trends and built-in obsolescence to keep investors […] Read more »