Archive - May 2013

1
A Fee-Only Financial Planner Can Help You Live Within Your Means
2
Three Ideas For Improving Annual Shareholder Meetings
3
The Market At A Record High: Now What?
4
Young Adults: Begin Financial Planning Now And Benefit Later
5
Social Security Earnings Penalty?

A Fee-Only Financial Planner Can Help You Live Within Your Means

Financial planning can help you reach retirement goals and keep you from making spending blunders and keep you from developing a lifestyle in which you are constantly trying to make up for spending mistakes.

In “Signs You’re Living Beyond Your MeansYahoo! offers some tough love for those of us who think we are doing just fine but fail to realize that we are overspending.  By their definition you’re living beyond your means if:

  • “You couldn’t survive financially without your job’s income for at least six months.”
  • You’re saving less than 10% of your pay.
  • Your mortgage payment
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Three Ideas For Improving Annual Shareholder Meetings

Most annual shareholder meetings are nothing more than a required dog-and-pony show. Genworth Financial’s annual shareholder meeting held on May 15, 2013, was no exception. Several improvements could be made to make these meetings more inviting.

The room was filled up just as it had been the last time I had attended the Genworth shareholder meeting two years ago. Behind the executive panelist table, the first three rows were full of dark suits, mostly men, who are either current or pending directors waiting for election. Shareholders were left to find seats behind this cadre of fraternal directors and executives.

One …

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The Market At A Record High: Now What?

This question has been one frequently asked by my clients and friends lately. What do we do now that the market is perched at a record high?  Do we buy into this rally, or do we sell out of it? This exposes the two emotions that can lead to failure with investing:  fear and greed.

Greed

I’m amazed how we tend to forget the pain of 2000-2002 and 2008-2009.  While we sit at record highs, the pains of yesterday seem to be a distant memory.  Greed is now peeking its ugly head around the corner once again.  I am hearing …

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Young Adults: Begin Financial Planning Now And Benefit Later

If you think financial planning is for older adults or those who are near retirement, think again. Some older adults have put things in place so they can retire well. Others may be panicking and trying to find a way to make up for a lack of retirement planning…so if you are a young adult, planning now will help you avoid belonging to the latter group when you get older.

Yahoo! published an article entitled “13 Money Lies You Should Stop Telling Yourself by Age 30″ and it gives some good food for thought about the ways you can …

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Social Security Earnings Penalty?

A good deal of misinformation is published about a so-called Social Security earnings penalty. Many are led to believe that if they earn money while collecting Social Security, they'll lose some of this benefit forever. Retirees should ignore all talk about a “penalty,” which only discourages prudent cost-benefit analysis.

The Social Security retirement earnings test affects those who earn income while claiming Social Security benefits before age 66, which is full retirement age (FRA) for those born before 1955. It impacts equally those who are claiming personal retirement benefits, spousal benefits and survivor benefits. Those who delay claiming their benefit …

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