If retiring early is a goal you hope to achieve, you are not alone. The FIRE (financial independence/retire early) movement is growing at a rapid pace; and why not with markets hitting all-time highs? However, have you really examined whether retiring at or near the peak of a bull market is the wisest decision? What will it mean for your portfolio if the market crashes? Maybe not as much as you would think with some expert planning.
Continue ReadingFive Essential Money Moves for First Time Parents
One of the most joyful life-changing game and event for a couple’s financial plan is the birth of their very first child. However, you will learn quickly that “kids ain’t cheap!” In this article, we will give you my suggestions for great money moves for first-time parents like yourselves. Saving and Budgeting First, when starting to prepare for your baby expenses which certainly are inevitable, you’ll need to evaluate what your monthly budget looks like as at now. You need to perform what we call cash flow analysis which helps you break down your monthly income, your fixed and variable expenses and your monthly savings. You need to identify some… Read More
Continue ReadingWhy Timing the Market a Terrible Idea
Recently, one particular client was looking for someone to help them reach their goals before retirement. With a seven-figure portfolio, he has done quite well for himself. But he was now interviewing for help, and a few brokers in town and us. They decided to go with another firm. Now, let’s fast forward about eight months.
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When Should I Start Drawing Social Security?
You may be eligible to start drawing Social Security as soon as you turn 62, but this doesn’t mean you necessarily should. By waiting a few years, you will get a higher monthly payment and potentially more total income. So how do you decide?
Continue ReadingYou Are Not a Financial Stereotype – Are You Treated Like One?
Who do you suppose you are to your financial advisor? Chances are you are less a person than a “type”. Maybe you’re the corporate manager who takes risks. Maybe you’re the single parent struggling to build a college fund. Maybe you’re the middle-aged couple who must take care of ailing parents. Whatever the details, what you are not is a unique individual.
Continue ReadingBitcoin 101 – What is It and Should I Invest in It?
The word virtual is defined as “being such in essence or effect though not formally recognized or admitted.” Each and every day the world we live in, especially in this rapidly changing digital age, seems to move further and further away from the concrete and closer to the virtual. The recent surge in Bitcoin is, even more, evidence of the movement. If you’re like so many others and ready to jump on the Bitcoin bandwagon, make sure you understand it before you dive right in.
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