The timing could not have been worse. The largest generation of retirees in our nation’s history is entering their retirement years during the worst economic downturn since the Great Depression. Not only have baby boomers witnessed their retirement accounts shrink by as much as 50% during 2008, they also have to deal with anemic yields on bonds [...]
Archive for October, 2011
2011 Year End Tax Moves
Posted in Taxes, tagged Alternative Minimum Tax, annual gift tax exclusion, charitable contributions, credit card, energy saving improvements, FSA changes, group benefits, Health Savings Account, higher education deduction, income recognition, inherited IRA, open enrollment, Required Minimum Distribution, sales tax, securities holdings, tax benefit, tax law changes, tax loss harvesting on October 28, 2011 | 2 Comments »
As the malls and retailers prepare for the Holiday Season, we should be reminded that another year is coming to a close so it’s time for you to review your personal tax circumstances for opportunities to reduce taxes this year or to benefit yourselves, perhaps, by deferring, if possible, income recognition into next year. What are [...]
Where the Heck is Easy Street?
Posted in Financial Planning, tagged economic crises, optimism, Steve Jobs, Wall Street on October 27, 2011 | 1 Comment »
From Main Street to Wall Street, people are desperately looking for Easy Street. The troubling state of affairs is infusing fear into America’s spirit like the toxic oil that pumped into the emerald Gulf waters just over a year ago. Despair and anger over economic and leadership crises have choked off the flow of creativity and optimism [...]
The 6 Biggest Financial Planning Problems with Video Clips You Have to Watch!
Posted in Financial Planning, tagged attitude, change, control, financial planning, financially secure, mistakes, peer pressure, procrastination, risk, self discipline, success, technology on October 26, 2011 | 2 Comments »
I feel that a picture’s worth 1000 words and a video clip is worth 1000 pictures. So I’m putting this blog together to show you the 6 things to really watch out for when it comes to financial planning. So I guess you’re getting the equivalent of 1 million words in my short blog here [...]
Is Your 401(k) the Best Place to Invest?
Posted in Retirement, tagged 401(k), company match, company retirement plan, diversification, emergency reserve, investing, IRA, Roth IRA on October 24, 2011 | 2 Comments »
You’ve been contributing diligently to your 401(k), paying down debt, and are starting to wonder if there is something else you could be doing to maximize your investing for the long haul. Many individuals start to engage in the planning process once they reach a point where they are starting to save beyond the minimum [...]
Snowflakes
Posted in Financial Planning, tagged financial decisions, financial gurus, financial profile, media experts, rules of thumb on October 19, 2011 | 1 Comment »
I’m not a very sappy person, which is to say I don’t typically wear my emotions on my sleeve. But upon some recent reflection and experiences in meetings, it’s clear to me that the old adage is true, we are all snowflakes. Despite our many similarities, no two of us are exactly alike, especially when [...]
Occupying Wall Street
Posted in Uncategorized, tagged Apple, capitalization, global recession, median income, Occupy Wall Street, protests, The Arab Spring, Tunisiaon on October 17, 2011 | 9 Comments »
By now I’m sure you’ve seen the images of protestors occupying Wall Street. Maybe you’ve had the pleasure of one of your local streets being occupied as we did here inAtlanta. I’ll have to admit that my first thought was “What are these people doing?” I also found a little bit of irony in the thought [...]
Open Enrollment Season
Posted in Employment, tagged beneficiary designations, disability insurance, employee benefits, health insurance, Health Savings Account, life insurance, open enrollment period, retirement plans, uncertainty on October 14, 2011 | Leave a Comment »
The first three quarters of 2011 have proven, yet again, that we live in a world full of uncertainty. Stock markets have continued their roller coaster ride and world events continue to dominate the headlines. The fourth quarter of each year provides us numerous opportunities to celebrate accomplishments and reflect upon the various events that [...]
Your Financial Life in Balance
Posted in Financial Planning, tagged financial distress, financial planning, financial wheel, satisfaction on October 14, 2011 | Leave a Comment »
Creating a balanced financial life is a lifelong process. As soon as you get one thing straightened out, it seems like another issue pops up requiring your attention. This is one of the “truisms” of financial planning – it is a process not an event. This may cause you to groan and feel discouraged but [...]
Get Your Questions Answered
Posted in Financial Planning, tagged budgeting, Financial Planning Day, goals, health insurance, investment planning, long term care planning, Retirement, Taxes on October 12, 2011 | 1 Comment »
Saturday we had Financial Planning Day in the Twin Cities. Nationally, there will be Financial Planning Days in 31 cities during the month of October (19 sessions are scheduled throughout the rest of the month). The day is an opportunity for consumers to get their questions answered by financial planners and other financial professionals—for free [...]