Financial Planning Insights

How Much Should You Sacrifice Today To Ensure A Secure Tomorrow?

Every few months, you are sure to run across an article talking about the woefully inept savings rate plaguing our country. The data is disheartening. Collectively we save about 3% of our income. Just 30 years ago, the personal savings rate was triple where it is today. So, why do we have such a hard time saving for the future?

The Dirty Little Secret About Warren Buffet’s Bet With A Hedge Fund Manager

Warren Buffet made a bet with a hedge fund manager that just ended. The bet was pretty simple. Put up $1 million and pick the best investment for a 10 year period (bet started on 1/1/2008). The winner would give the $1 million to the charity of their choice. 

Are You A 1%’er?

The IRS recently released a report with some interesting data on income trends in America. As you would expect, it takes a lot to get in the top 1% of all taxpayers. Here are some of the stats.

What If Investment Performance Was Based On Luck?

Part of our job as advisors is to help clients select the best investment vehicles available to them.  Many of our clients initially believe that involves picking funds with the best performing managers in the future.  Ideally, they would be right.

Playing Defense

Sometimes winning is not always pretty. Everyone enjoys a high-scoring sports game with exciting offensive plays. With the current record run on Wall Street in one of the greatest, if not the greatest advance in history, the markets have certainly provided investors their fair share of excitement.

The Unintended Consequences Of The Tax Law

With the passage of the Tax Cuts and Jobs Act, millions of Americans will see two broad themes. First, personal exemptions are eliminated and itemized deductions are being curbed with the reduction in the state and local tax deduction. Individuals are finding that their taxable income is going to be higher in 2018.

Five Things Your Financial Advisor Should Be Doing

There are a good number of articles on the internet about how to choose a financial advisor. I thought I would write one on what you should expect from your advisor if you already have one. We believe there are some key areas that all comprehensive advisors should be monitoring for their clients.

Is The Stock Market Game Causing Bad Behavior In Our Children?

Our first introduction to the stock market came from playing some version of the stock market game in high school for many of us. To be sure, there are some great things about this game, but it can start students on a path of bad behavior when it comes to investing.

Amending Warren Buffet’s Golden Rule

One of the more damaging pieces of advice to the average investor is Warren Buffet’s famous investment rule: “Rule No. 1: Never lose Money. Rule No. 2: Never forget Rule No. 1.” While this folksy wisdom has a great ring to it, it can be easily taken out of context.