Saving for retirement is all about priorities. Budgeting is a way to redirect your priorities. In fact, retirement planning isn’t as much of a decision “to spend or not to spend” as it is a matter of deciding when to spend. If you spend your money now, you won’t be able to save it,… Read more
I love reading to my granddaughter. One of her favorite stories is Goldilocks, who didn’t want porridge that was “too hot” or “too cold.” She wanted it to be “just right.”
I like the story because it reminds me a lot of investing: your asset allocation shouldn’t be too risky or not risky enough;… Read more
Israelis have the fourth highest life expectancy rate in the world – at 80
years for men and 84 years for women. This tops the United Kingdom (78.1 years for men and 82.1 years for women), and the United States(75.6 for men and 80.8 for women). And with modern medicine’s miracles the figures are rising…. Read more
In today’s climate of instant gratification, waiting for water to boil can seem to take forever. With a distorted perception of time, how can an investor determine when to invest for the long-term or short-term?
Generally “long-term” refers to anywhere from five years and beyond, while “short-term” refers to a period of six months to two years…. Read more
A few years ago, I met with a couple who needed more cash flow. I suggested that when they retire, they should consider selling their spacious house and getting a long-term rental. Selling the house would provide a lump sum of cash, which would enable them to achieve their retirement goals of traveling and helping the kids…. Read more
The “replacement rate” is the amount of retirement income you’ll need post-retirement to replace your salaried monthly income. Analysts tend to think that the replacement rate is 80%. They believe that by determining your replacement rate, you can surmise how much you need to save, in order to reach a withdrawal rate that equals 80%…. Read more
In my capacity as a financial adviser, I often see the financial effects of divorce. I meet with couples both before and after divorce and have realized that money is often a major factor in marital disharmony, not necessarily due to the lack of it, but rather due to the way that it’s handled…. Read more
While investigating pictures for my newly redesigned web site, I searched photography sites for images that conveyed security, strategy, and trust….all of which are important traits for a financial advisor to have. There were the usual images of handshakes, business meetings, vaults, and golden eggs in nests. Visit my website to see which images I chose…. Read more
Many movies are made about the simple guy who suddenly becomes rich overnight. Very often, like the hero of Brewster’s Millions, he receives a sudden inheritance with strange conditions attached to it, or like in Half a Sixpence, he inherits wealth and his whole life changes…. Read more
Grocery shopping may be easier than investing. An empty pantry dictates that now is a good time to buy more food, but how can you know when is a good time to buy stocks? Most people tend to make their investment decisions based on historical performance. But imagine if you always traded that way…. Read more
