Archive - November 2009

1
Purpseful Spending
2
Charitable Giving as Part of Your Estate Plan
3
Harry Potter’s Asset Allocation
4
Not So Fast! 9 Special Considerations Before Rolling Over Your 401(k)
5
Are You Ready For the DB/k?

Purpseful Spending

I was intrigued this morning as I met some friends at a local bagel shop for breakfast. After paying over $6.50 for a bagel with cream cheese and bottle of juice, I realized how expensive this establishment was for some of the regular patrons.  I watched a father buy his sons breakfast before school, moms in workout clothes dropping in for quick jolt of caffeine before hitting the gym, and a few high school kids walk out with coffee mugs the size of milk jugs.Purposeful Spending!

As I sat in astonishment at the number of people that patronized this local shop …

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Charitable Giving as Part of Your Estate Plan

As the holidays approach, it’s a good time to consider charitable giving as a potential part of your estate plan.  Giving provides a sense of personal satisfaction, and it can be beneficial from a financial planning perspective.  Charitable Giving as Part of Your Estate Plan

If you’re one of the 2% of Americans currently subject to the estate tax, planned charitable giving can be a powerful estate planning tool. Even if estate taxes aren’t an issue for you, charitable giving can still provide a satisfying opportunity to leave a financial legacy.  And a well-planned gift can maximize its benefits to you and the charity.

Usually when people …

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Harry Potter’s Asset Allocation

The way I see it Harry Potter has a big problem.  And it’s not Voldemort.    He’s got all that gold sitting in Gringott’s, creating a gigantic overweight in his investment portfolio.  If a vast new vein of the precious metal is discovered or he needs some Muggle cash quickly, he’s in big trouble.  Harry Potter's Asset Allocation

On the other hand, he’s under 20, is apparently willing to take a risk or two, and hopefully, now has a long life ahead of him.  So, a good financial planner might let him keep an ingot or two of that gold, but tell him to start …

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Not So Fast! 9 Special Considerations Before Rolling Over Your 401(k)

Conventional wisdom has long told us that when we leave employment – either by taking another job, getting laid off, or retiring – it makes good sense to rollover our 401(k) plans to either an IRA or to our new employer’s 401(k) plan if that makes sense.

However – and if you read here much, you know there’s always a however in life – this decision isn’t as cut-and-dried as conventional wisdom leads us to believe.  As with just about every financial decision we make, it’s not wise to go off willy-nilly without considering all of the benefits that we’re …

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Are You Ready For the DB/k?

Buried deep within the bowels of the Pension Protection Act of 2006 (pages 231-238 of the technical explanation) was a special provision that most folks don’t know about… this provision contains the framework of a new type of retirement plan.  This new type of retirement plan is called a combination plan – meaning the combination of a defined benefit plan with a 401(k) plan.  Don’t expect to find much written about it – there’s very little out there, in part because these plans aren’t set to become available until January 1, 2010.

The Combination Plan

A defined benefit plan …

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