As a financial advisor, I don’t think it’s ever too early to start planning for retirement. Ideally retirement planning starts as soon as an individual starts earning money, even on their very first job. However, specific planning really ramps up in the years and decades just before retirement. That’s when it’s important to start visualizing …
How to be like Warren Buffett
Warren Buffett is one of the most famous investors in America. The first week of May, Buffett’s holding company Berkshire Hathaway holds its annual shareholder’s meeting. Buffet writes an annual letter to shareholders prior to the meeting. So Buffett is usually in the news this time of year. I was recently in a Jimmy John’s …
What is Risk Tolerance?
If you are talking with an investment representative, a stockbroker or a financial advisor, you most likely will talk about “risk tolerance.” Risk tolerance is a term used in the investment business to talk about the willingness of a client to accept a loss in the value of their investment account over a short period …
Why would anyone buy an annuity?
I bet you have seen some cool marketing about great “guaranteed income” retirement products. Conversely, I will also suppose that you have seen a few marketing messages that talk about annuities being the spawn of the devil and that nobody should ever own an annuity. Regular readers of this blog will not be surprised when …
What’s keeping me from retiring?
If you are asking this question, you are not alone. A new survey from PWC, a global tax and business services firm, shows that baby boomers want to retire soon, but many have doubts about how to make that happen. Almost 60 percent of survey respondents say they want to retire in the next five …
Do I need a financial advisor in retirement?
Many people nearing retirement age wonder whether they would benefit from securing the services of a professional financial planner. The answer is, most likely, yes. A good planner, who is your advocate (a fiduciary advisor) in all things, can make a big difference. But the specific benefit for you will, of course, depend on the …
