Young Professionals & Good Financial Decision-Making financial planning for entrepreneurs financial planning for young professionals Mar 02, 2020

by Jonathan G. Cameron, CFP®

Isn’t it funny that we are expected to make the biggest decisions of our lives when we are young? 

We get married, we pursue a career path, maybe have children. We have to make quite a few decisions that will affect us the rest of our lives and...

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What Do Your Mattress and a Roulette Table Have in Common? (HINT: more than you think.) financial planning for attorneys financial planning for entrepreneurs financial planning for retirement Feb 28, 2020

By Glenn J. Downing, MBA, CFP®

With this blog post I’d like to share some thoughts about investment risk tolerance.

Generally, we think about risk as a bad thing – something we want to avoid. “I won’t drive faster and risk a speeding ticket”, and, “No,...

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Is it DĀTA or DĂTA? financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Feb 26, 2020

By Glenn J. Downing, MBA, CFP®

I’m here to tell you once and for all.

Yes, I know . . . this is a little off the beaten path for me. 

The World is Not in Good Order

I usually write about financial topics, given that I’m a professional financial planner.  But occasionally...

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Top Five Mistakes People Make With Their Money financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 25, 2020

By Glenn J. Downing, MBA, CFP®

Channeling David Letterman and all those Top Ten lists. I thought it might be fun to compile one of my own. To wit:

The Top Five Mistakes People Make With Their Money

This is a list compiled after about 25 years of experience. 

Mistake #5

You eat out way...

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You Want to Retire. But Retire to What? financial planning for attorneys financial planning for retirement Feb 23, 2020

By Glenn J. Downing, MBA, CFP®

Picture the scene: My wife has a group of friends visiting. I come home from work, greet everyone, and have a glass of wine to be sociable. At some point I announce that I’ll retire to my study for the evening. What does that verb mean – to retire?...

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The Time Value of Money financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 22, 2020

By Glenn J. Downing, MBA, CFP®

We usually understand the time value of money in two contexts: the growth rate of an investment, and the inflation rate.   Nonetheless, the TVM is a topic that should be understood by everyone serious about financial planning.

Sketch Out a Timeline

To...

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Student Loan Forgiveness financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Feb 20, 2020

by Jonathan G. Cameron, CFP®

By early 2015, the amount of outstanding student loan debt in the U.S. exceeded $1.2 trillion. What a staggering number! Tens of millions of young professionals carry significant student debt balances. The payments may be stiff. It can take years to pay off...

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The Ins and Outs of Traditional IRAs financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 19, 2020

By Glenn J. Downing, MBA, CFP®

In this blog post I want to go just a little bit beyond the basics of traditional IRAs and how they work. 

What are Traditional IRAs?

An IRA is an individual retirement account by definition, with the emphasis on individual. One IRA means one owner, so...

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A Guide to 403b Retirement Accounts financial planning for retirement Feb 18, 2020

By Jonathan G. Cameron, CFP®

Most people are familiar with the 401k, but what’s a 403b? Basically a 403b is a retirement plan that is sponsored by a 501c3 organization, meaning a not-for-profit employer. A local school board or hospital are good examples. The employee invests in mutual...

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The Surgeon Who Lost His Fingers financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Feb 13, 2020

by Jonathan G. Cameron, CFP®

Nobody plans for a disability. In our experience, people are more willing to incorporate life insurance into their financial plan than disability insurance. Why is this? Let’s first get into the differences between disability and life insurance.

...

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This Page is Intentionally Left Blank financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 12, 2020

By Glenn J. Downing, MBA, CFP®

I’ve been pondering this.

This Page is Intentionally Left Blank

It sort of hit me one day after having noticed This Page is Intentionally Left Blank in clients’ brokerage account statements.

Seems to me that if there’s printing on the page, it...

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Taxation of Social Security Benefits financial planning for retirement Feb 11, 2020

By Glenn J. Downing, MBA, CFP®

This blog post is the second of a trilogy having to do with Social Security.  The first is about Social Security Benefits; the third is, Will Social Security will be There When I Retire?  

Oh yes. Many new Social Security retirees get a big...

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