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Try the Bucket Approach

Try the Bucket Approach

Constructing a retirement plan this way may help you ride through a bear market in retirement. Stocks sometimes retreat. That reality can be overlooked in a long bull market. Bear markets do appear, and a deep downturn could force you to sell securities in retirement, so you can pay for necessary expenses. Right now, you…

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Oh No, The Dow Dropped!

Oh No, The Dow Dropped!

Last Monday’s plunge was hardly the disaster that some media outlets claimed. On February 5, the Dow Jones Industrial Average took an unprecedented fall. The benchmark dropped 1,175 points, and it was down 1,500 points at one moment during the trading day.1,2 Last Monday’s Dow loss was severe, but not as catastrophic as certain headlines…

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The Importance of the Uniform Prudent Investor Act

The Importance of the Uniform Prudent Investor Act

What is it, and why does it matter to trustors, trustees, and beneficiaries? In the 1990s, the Uniform Prudent Investor Act (UPIA) established primary fiduciary and financial responsibilities for trustees, based on principles of judiciousness, trustworthiness, and objectivity. Any trustee should be prepared to be held to its standards.1 The roots of the UPIA go back…

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How the Tax Reforms Will Take Effect

How the Tax Reforms Will Take Effect

Some of the impact of the Tax Cuts & Jobs Act will be felt later than January 1. President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change.1 There will be night-and-day change, both figuratively…

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Why Regular Rebalancing Makes Sense

Why Regular Rebalancing Makes Sense

Your investment portfolio may be off-kilter, and you may not even know it. Some investors stick with the same asset allocation in their investment portfolios (and retirement accounts) for decades: they “set it and forget it.” The longer the initial (target) asset allocation goes unreviewed, the greater the potential divergence between the target allocation and…

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Congress Passes the Tax Cuts & Jobs Act

Congress Passes the Tax Cuts & Jobs Act

What will the near-term impact be? On December 20, Congress passed the Tax Cuts & Jobs Act, sending the final version of the GOP tax reform bill to President Trump’s desk. The legislation alters the Internal Revenue Code to a degree unseen since the 1980s, altering income tax brackets, marginal tax rates, key deductions and…

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Comprehensive Financial Planning: What It Is, Why It Matters

Comprehensive Financial Planning: What It Is, Why It Matters

Your approach to building wealth should be built around your goals & values. Just what is comprehensive financial planning? As you invest and save for retirement, you may hear or read about it – but what does that phrase really mean? Just what does comprehensive financial planning entail, and why do knowledgeable investors request this…

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Growth Report – Monday, January 8, 2018

Growth Report – Monday, January 8, 2018

LOW UNEMPLOYMENT, BUT LESS HIRING The Department of Labor’s latest jobs report announced a headline unemployment rate of only 4.1% in December, but it also showed companies adding just 148,000 net new workers last month. Even so, net payroll growth averaged 204,000 during the last three months. In hiring terms, the health care sector grew…

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Fear Must Not Inhibit a Financial Strategy

Fear Must Not Inhibit a Financial Strategy

Too often, it persuades investors to make questionable moves. Fear affects investors in two distinct ways. Every so often, a bulletin, headline, or sustained economic or market trend will scare them and make them question their investing approach. If they overreact to it, they may sell low now and buy high later – or in…

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Talking to Your Heirs About Your Estate Plan

Talking to Your Heirs About Your Estate Plan

They should not be left ill-informed or unaware. Talking about “the end” is not the easiest thing to do, and this is one reason why some people never adequately plan for the transfer of their wealth. Those who do create estate plans with help from financial and legal professionals sometimes leave their heirs out of…

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