Reviewing a recent list of consumer inquiries received at the Financial Planning Association® website, it is clear that many people do not understand what a financial planner does, how the financial planning process works, and how a financial plan can help them. After looking over the resources about financial planning available on the web, I [...]
Archive for January, 2011
How Do I Know if I Need a Financial Planner?
Posted in Financial Planning, tagged financial literacy, financial plan on January 31, 2011 | 4 Comments »
Divorce and Taxes
Posted in Divorce, tagged alimony, child custody, divorce costs, equitable divorce, filing status, property divisions, Qualified Domestic Relations Order, tax returns on January 28, 2011 | 2 Comments »
Besides the emotional and relationship issues that divorce presents us with, understanding the tax issues associated with getting a marital dissolution can be challenging. The good news is that where divorce costs might typically not be deductible, legal advice and representation surrounding matters of ‘tax’, ‘investment’, or ‘business and/or production of income property’ involved in [...]
Are Your Finances Driving You Crazy?
Posted in Financial Planning, tagged financial house, financial responsibility, online bill pay, personal finance on January 27, 2011 | 2 Comments »
3 ways to ease money stress Do money worries rob you of a good night’s sleep and set off aches and pains in your health — and relationships? Are your shoulders — and your life — sagging under the crushing weight of financial responsibilities? If you’re nodding your mind-boggled head, then it’s time to rethink [...]
Need Some New Year’s Resolutions?
Posted in Retirement, tagged 2010 tax return, company match, financial planning process, goals, retirment plans, Roth IRA on January 25, 2011 | 1 Comment »
Ok, we are passed January 1, 2011, and we can get on to some serious financial planning for our financial future. The tax rules are in place for the next two years, so we have a little more certainty today than what we had a month ago. While it is very important to go through [...]
Why Diversification Matters
Posted in Financial Planning, Investments, tagged bonds, diversification, domestic stocks, economy, inflation, investor, market, money managers, portfolio on January 24, 2011 | 3 Comments »
Last week a friend and I were catching up on life over lunch. This particular person happens to be an extremely knowledgeable investor, and he generally enjoys trying to pin me down on what may happen with the market, economy, interest rates, and the like. And while he knows my feelings about predictions, we went [...]
Financial Planning is Not a Wanderer’s Game!
Posted in Financial Planning, tagged financial future, financial independence, financial planning, goal setting, wandering on January 21, 2011 | 1 Comment »
I have always been a bit of a wanderer. From the day I received my driver’s license, I have enjoyed simply strapping into the driver’s seat and finding new territory. I started out by learning some of the back roads within the area where I live, driving through the countryside for hours. Since then I [...]
How to Hire and Fire Financial Advisors
Posted in Financial Planning, tagged account transfer, advisor, financial future, financial planner, interview questions on January 20, 2011 | 2 Comments »
In November, I wrote about what to expect from a financial planner. Now that I have enticed you to seek a comprehensive Certified Financial Planner™, you are probably wondering “How do I hire a new financial planner and fire my current advisor?” Set your expectations Before you fire your advisor and hire your neighbor’s planner, [...]
Misusing Behavioral Finance
Posted in Investments, Spending, tagged behavioral finance, business model, clients, financial planning, financial services on January 19, 2011 | 1 Comment »
Behavioral finance has been around for quite some time, but seems to be gaining lots of steam in the popular press, which tells me more and more people are interested in learning about the brain’s often cantankerous relationship with money. The results of this trend are both encouraging and troubling. At its best, behavioral finance [...]
The Greatest Risk of the Season
Posted in Credit/Debt, tagged behavioral economics, credit card statement, debt, financial freedom, IRS, regret, risk on January 18, 2011 | 2 Comments »
Here we are at the start of a new year. Decorations are put away until next year. The last of the holiday treats have been eaten or were necessarily discarded. And we begin to return to the daily routine. Millions begin to ‘drop the ball’ on their resolutions. And many people open the last and [...]
What’s Your Dream?
Posted in Budgeting, Financial Planning, Values, tagged accountability, Atlanta, dream, dreams, government on January 17, 2011 | 4 Comments »
As I sit here in the frozen tundra of Atlanta, my mind whirls from the events of the last few days and the week ahead. A murderous rampage in Arizona, a snow and ice storm that brings a great southern city to a standstill for an entire week, a memorial that rallied our country and [...]