I was talking with a client recently and was reminded of how important a business succession plan can be. My client called to talk to her trusted personal banker at the local bank. She was told that he had retired. She was directed to a replacement banker and she left a voice mail. A week …
financial planning
Three tips to reach your financial goals
We are about three weeks into 2020. If you are like most Americans, you may have already given up on your New Year’s resolutions. About 40 percent of Americans set a resolution and about 60 percent of them fail within six months, according to University of Scranton psychology professor, John C. Norcross. Maybe this is …
Four Secrets to Make 2020 Great
“If you want others to be happy, practice compassion. If you want to be happy, practice compassion.” –The Dalai Lama As the year winds down, I find myself thinking of the year ahead and how to make it better. Regular readers may know that my father passed away this year and that event has inspired …
Scared to talk to a financial advisor? Here are 6 benefits of overcoming your fear.
If you are of a certain age, you recall the quote from Ronald Reagan: “The most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” It’s sometimes the way people feel when they contact a financial planner. Are financial advisors worth it? A recent study shows that 71 …
Scared to talk to a financial advisor? Here are 6 benefits of overcoming your fear.Read More
Do I Have Too Much Stock in My Retirement?
Is it possible to have too much stock in your mix of retirement investments? A recent Fidelity Investments analysis suggests maybe so. Fidelity is one of the largest retirement plan custodians and its analysis looked at more than 30 million retirement accounts. The analysis found that more than 37 percent of Baby-Boomer-aged plan participants had …
11 characteristics to look for—or avoid—in a financial planner
When you decide you need a financial planner, it’s hard to sort through them all to find the one that makes the most sense for you. I’ve put together a list of things to look for—and things to avoid—when you’re seeking a partner to help you plan your financial future. Three things to avoid: A …
11 characteristics to look for—or avoid—in a financial plannerRead More