Author - Eve L. Kaplan, CFP®

1
Why It Matters How Your Advisor Is Paid
2
Here Are the Most Important Tax Changes To Prepare For
3
Here’s How Much You Can Really Withdraw in Retirement
4
The Problem with Thinking You Can Time the Market
5
3 Steps to Get You Ready for Retirement

Why It Matters How Your Advisor Is Paid

Who gives you financial advice? Why does it matter how he or she is paid? Because it’s probably the most important thing determining the quality of advice you receive.
The SEC and other agencies continue to debate the hotly contended “fiduciary responsibility” issue because billions of dollars are at stake, while the public is confused and underserved.

Can you answer these questions?

• What are the differences amongst brokers, insurance agents selling investment products and “financial advisors” (some regulated, some not)?
• What’s the difference between “fee-only” and “fee-based”? (hint: they sound alike but they’re quite different)..

Here’s a brief …

Read More

Here Are the Most Important Tax Changes To Prepare For

The tax guessing game continues because some proposed 2013 tax changes may – or may not –go into effect .  Congress may keep us guessing until the end of this year but it’s clear overall taxes must and will increase.

Uncertainty is the enemy of planning, but here are the most items being “kicked around”:

1. Dividends will be taxed again at ordinary income tax rates after a long hiatus. Out goes the maximum 15% rates, in come ordinary income taxes. Wealthier Americans will pay more since the highest income tax rate is scheduled to rise from 35% to 39.6% …

Read More

Here’s How Much You Can Really Withdraw in Retirement

How much money can you safely withdraw from your investments once you retire?

This is a subject of wide debate in the financial planning world as our country’s 78 million baby boomers start turning 65 this year. This “withdrawal rate” simply refers to how much you can tap from your investment assets to avoid running out of money before you die. The approach is designed to allow you to withdraw money each year while leaving your principal intact.

For example, if you start with $1,000,000 at retirement and withdraw 4% per year ($40,000), you skim a $40,000 annual gain off …

Read More

The Problem with Thinking You Can Time the Market

Do you – or someone you know – move in and out of investment holdings in order to “boost your return”? If you do, it’s worth considering the downside. Studies consistently show that market timing (you go into investments when they seem good, exit when they don’t) undermines your ability to make investment progress.

Consider the fact that retail (individual) investors typically flee from markets when the bad news already is reflected in prices, and typically try to climb back in when prices already have moved higher. Instead of buying low, selling high, individual investors tend to do the opposite.…

Read More

3 Steps to Get You Ready for Retirement

Like everything else in life, retirement can creep up on you – whether you’re prepared for it or not. It’s wonderful to contemplate what you can do with all that extra free time, how to stay healthy, etc…..but many of you put off the “roll up your sleeves, look at the numbers” part of retirement. Why? You either underestimate how much you need, you don’t know how to calculate it and/or you fail to go to a financial planner for help. Finally, some of you stick your heads in the sand, hoping problems will go away. Establishing your preparedness for …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login