Archive - October 13, 2010

1
Why This Financial Planner Doesn’t Accept Commissions
2
What’s the Difference Between a Squirrel Investor and an Ostrich Investor?
3
How to Bypass Mandatory Withholding on a 401(k) Distribution
4
3 Strategies To Help You Meet Your Financial Goals
5
How Inflation And Lack of Inflation Can Affect Your Retirement

Why This Financial Planner Doesn’t Accept Commissions

If you read my last article, you recall I discussed the different types of financial planners and how they are paid. Today, I will tell you why I am a firm believer in fee-only financial planning.

Fee-only financial planning is a wonderful way for clients to receive advice in a fiduciary manner. As a fiduciary, the planner puts the clients’ interest first. Fee-only planners receive their pay directly from the client, which virtually eliminates conflicts of interest. As a fee-only planner, I don’t sell anything, except maybe a good night’s sleep. I don’t receive any commissions, referral fees, or …

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What’s the Difference Between a Squirrel Investor and an Ostrich Investor?

The other day, my five-year old granddaughter asked me, “Grandpa, if you could be an animal what would you be?” It was fun talking with her about all the possibilities.

As a Registered Investment Advisor and financial planner working with a wide variety of clients, the question made me think that there are different types of investors who seem to have certain animal tendencies.

First is the “River Otter Investor.” This was one of my favorite animals to watch at the zoo. They seemingly would be constantly playing, jumping from one activity to the next. This type of investor gets …

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How to Bypass Mandatory Withholding on a 401(k) Distribution

Article in Summary:

  • The IRS requires plan administrators to withhold 20% from 401k distributions
  • You can bypass the 20% withholding by doing a trustee-to-trustee transfer (rollover) to an IRA
  • IRA’s are not subject to the mandatory 20% withholding

Just ferinstance, let’s say you need to take a withdrawal from your 401(k) plan – and you’re eligible, either by way of your plan allowing in-plan distributions or the fact that you’re already retired (but you still have the money in your former employer’s 401(k) plan).  But here’s the rub:  when you take a distribution from a 401(k) plan, the IRS requires …

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3 Strategies To Help You Meet Your Financial Goals

To build wealth you need to get the real return that you need to meet your goals. If you have done a capital needs analysis to figure out what rate of return you will need on your money to meet your future income goals, you may be panicking right now because you aren’t getting the returns you need because of the economic downturn, or maybe you panicked and sold positions and have large losses and feel like you will never get ahead. Let me address both.

All of us have learned that you must invest for the long term. Long …

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How Inflation And Lack of Inflation Can Affect Your Retirement

Article in Summary

  • Social security beneficiaries will not see a cost of living raise in their benefit checks in 2011
  • It is important for retirees to also invest in assets that appreciate with inflation such as such as stocks and commodities
  • Use the chart below to calculate your future living costs if inflation increases at 3% per year

Gold and Commodities are up, the dollar is going down and the Social Security Administration just announced that again in 2011 there won’t be any cost of living raises in benefit checks.  There are a lot of cross currents out there and …

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