Posts Tagged ‘financial advisor’

Can You Afford Long Term Care?

On the radio, someone texted in a question for me that I want to make sure we answer for everyone. The question was, “How does long term care fit into my retirement plan?” As we think about this, first let’s define long-term care. According to the Medicare Resources site, Long-term care generally refers to non-medical…

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COVID 19 – New Market Era?

Common Portfolio Wisdom ~ “WE’RE IN A NEW ERA… OLD MARKET RULES DON’T APPLY” Pros – Many new factors: Internet, Baby Boomers, Global Markets, COVID 19 Cons – The appearance that we are smarter or this has never happened. Factors change; results consistent. Society may change, but human nature doesn’t. Axiom – We are never…

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What is a good investment mix for someone in retirement?

Investing is like riding the volatility roller coaster. When I was a kid, you loved all the crazy fair rides. The more spinning and turning, the better. I remember adults saying they could not handle all that and I thought they just didn’t know how to have fun… Fast forward to a few years ago…

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Retirement Myth – Diversification Pixie Dust

Diversification means I have low risk, right? Diversification has become like pixie dust in the financial world. People hear that word and think everything is good because they are diversified, but that is not always the case. The thought is if your diversified than you will have a lower risk because you are not putting all…

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Retirement Myth – There is no magic number!

How Much Do I Need To Retire? This is the million-dollar question! Whether we are on the radio, presenting at a live event or meeting one on one with someone, this question often comes up. If you google this, you find 49 MILLION answers! The fact is, this, like many retirement questions, does not have…

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Common Portfolio Wisdom – “CASH IS TRASH”

Pros – During times of great market opportunity, cash instruments usually won’t outperform inflation and taxes. Cons – Cash is a great tool to protect portfolios from large long-term loss during market downturns. Preserves capital to be used at better opportunities. Axiom – There are three main goals we have when investing money, safety, liquidity,…

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More than Money – Life Reimagined part 2

Retirement is defined in many different ways; some call it phase two or their second act, some call it re-discovery, for others, it’s the golden years. However, you define retirement; there is one thing in retirement that everyone is striving for, financial peace and security to live the lifestyle they want. It’s not being tied…

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Common Portfolio Wisdom – “INFORMATION = POWER AND SOPHISTICATION”

Pros – Accurate information is important. Investors have access to more information now due to the Internet.  Cons – Power through information is weakened since everybody has access to the Internet. Too much information. Emotions tend to rule over facts. Axiom – Information is no longer power. Power now comes from the correct interpretation of…

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More than Money (Part 1)

More than Money – Life Reimagined Retirement is defined in many different ways; some call it phase two or their second act, some call it re-discovery, for others it’s the golden years. However, you define retirement, there is one thing in retirement that everyone is striving for, financial peace and security to live the lifestyle…

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