Archive - September 16, 2010

1
5 Tips to Avoid Financial Fraud
2
How Much Should You Withdraw From Your Savings in Retirement?
3
Financial Planning For Physicians
4
What’s the Difference Between Asset Allocation & Diversification?

5 Tips to Avoid Financial Fraud

In the most recent news from Wall Street, securities fraud has affected individual investors, pensions and charitable organizations.  At the risk of being a bit repetitive, here are five key safety tips that may help you prevent this from happening to you:

1. Know your advisor.

Most advisors (like me) are registered with government organizations. You can research registrations and review any past complaints with the Securities and Exchange Commission (www.sec.gov), or with the respective state regulatory agency.  If a firm is a Broker-Dealer, you can research it with the Financial Industry Regulatory Authority (www.finra.org).  You

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How Much Should You Withdraw From Your Savings in Retirement?

One of the key financial questions to ask when thinking retirement is: At what rate should I withdraw income from my savings?  If withdrawn too quickly, you run the risk of outliving your savings, and thus being forced to dramatically reduce your lifestyle and security during retirement.  On the other hand, if withdrawn too slowly, you may miss the opportunity to fully enjoy your retirement.

What is an ideal withdrawal rate?  The answer depends on many variables, but regardless, the number is never static, because your optimal withdrawal rate can vary annually.  Maintaining this rate requires regular monitoring of your …

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Financial Planning For Physicians

Imagine that you have a brand new patient in your office.  What’s the first thing you want to find out? It’s probably the problem that the patient wants you to understand and solve.

So after doing a history and physical, and perhaps ordering a few tests, you come up with a differential diagnosis. Once you decide on your most likely diagnosis, you take what is perhaps the most important step in the process:

Implement an action plan.

The action plan is your custom tailored path to achieving what’s important to the patient: going from where they are now to where …

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What’s the Difference Between Asset Allocation & Diversification?

Article in Summary:

 

  • Asset allocation is the most basic and important component of investing.
  • A well-devised asset allocation does not ensure you are appropriately diversified.
  • Asset allocation will account for approximately 92% of your investment return.

Astute investors realize the appeal of finding investment options that do not move in step with one another. Over time, we expect the stock market to increase in value, albeit with short-term fluctuations. Ideally, it would be great to identify an investment that increased in value when stocks faltered which would smooth out the volatility in a portfolio.

Traditionally, there are several asset categories …

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