If you’re thinking about looking for a financial planner, you may be wondering what exactly a financial planner does and what value he or she can bring into your life. The answer I give when people ask me what a financial planner does is, “I help my clients clarify financial goals and reach them reliably.” …
Financial Planner
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 …
What is Financial Risk?
Risk is a topic that gets a lot of attention in the financial planning business. But it’s a term that’s not really well understood. There are many technical definitions of financial planning risk. And there is the Webster’s Dictionary definition of risk: 1. The possibility of loss or injury. 2. The chance that an …