Archive - 2014

1
Retirement vs College Saving in a Nutshell
2
Stocks Looking Increasingly Riskier
3
No Shutdown, No Problem
4
Millennials Are Mooches…and Other Money Myths
5
Estate Planning: Your Loves Ones Will Need More Than a Will

Retirement vs College Saving in a Nutshell

LockeEducation1693Those of us who are parents know this conflict very well – should we put aside money for retirement, or for college saving? It may come as a surprise, but a general rule of thumb with regard to this conflict is to put money aside for retirement first, and college second.

The reason behind this is that there are many ways to pay for college, such as grants, scholarships, work-study programs, student loans, parent loans, etc.. With this plethora of choices, it becomes clear that your student’s college funding needs can be met from quite a few angles, none of …

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Stocks Looking Increasingly Riskier

The SP was down 0.85% for the day, NASDAQ down 1.24% for the day, and the median market in the world was down YTD. The EM countries that export commodities such as Russia and OPEC nations are really hurting which means they could default on their debts and stop buying heavy equipment made in the U.S.

The SP is overpriced by 100% which means it needs to go down roughly 505 to reach fair value. Jeremy Grantham wrote that the SP might go up another 10 or 15% to 2300 to reach two standard deviations which according to him is …

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No Shutdown, No Problem

The good news from Congress this week is that it looks like the U.S. government isn't going to have to shut down again due to partisan political bickering. Last week, literally at the last minute, on the day that current funding provisions would have expired, the U.S. House of Representatives created a new government funding bill that will keep the lights on until September of 2015. before everybody goes home for the holidays. The Senate followed suit and sent the bill to the President for signature on Monday.

In all, the spending legislation comes to 1,603 pages, and both Democrats …

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Millennials Are Mooches…and Other Money Myths

millennialmoochers
There are plenty of stereotypes about how certain people behave around money — stereotypes I’ve often seen contradicted in my experience as a financial planner. Let me debunk some of these money myths for you.
Myth One: All millennials are mooches.
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Estate Planning: Your Loves Ones Will Need More Than a Will

MP900309628-150x150Last week, we discussed the idea that parents are not obligated to leave their children an inheritance. However, estate planning is needed whether there is an inheritance or not. In “There’s More to Estate Planning Than Just the Will,” The New York Times (NYT) advocates for advanced preparation that can spare your loved ones a lot of anguish:

“WILLS, health care directives, lists of passwords to online accounts. By now, most people know they should prepare these items — even if they haven’t yet — and make them available to trusted family members before the unthinkable, yet inevitable, happens.

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