Author - Richard T. Feight, CFP®

1
A Lesson on Delayed Gratification
2
Ensuring Your Children Are Financially Intelligent
3
Have Your Cake and Eat it To? Risk vs. Return
4
Ways to Catch Up on Retirement Savings
5
2010 Roth IRA Opportunities

A Lesson on Delayed Gratification

One of my favorite parts of working with clients is that over the years I’ve heard some really neat stories as to how clients have imparted their financial wisdom on others. One of my favorite stories is this one about a Grandma and her grandkids:

Mary Ann was neither rich nor poor. She lived a simple lifestyle with her basic living expenses being taken care of. Like many who’ve lived a full life, the one thing Mary Ann really wanted more than anything else was to spend time with her grand kids, Tommy and Becky.

Tommy and Becky enjoyed spending …

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Ensuring Your Children Are Financially Intelligent

According to a survey commissioned by the American Psychological Association, money is the number one cause of stress for Americans. Data from a 2006 retirement confidence survey by the Employee Benefits Research Institute indicated that your savings could make up as much as 66% of your retirement income, yet the reality is that financial illiteracy is widespread in the US. I was reminded of this when a client pointed out a Morningstar article entitled Improving Our Financial IQs: Why Managing Money Should Be a Lifetime Skill. In it, Knowledge@Wharton, an online publication for the University of Pennsylvania’s
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Have Your Cake and Eat it To? Risk vs. Return

What is more important, getting the most return, or not losing anything? For many, getting the highest possible return is the biggest goal. They obsess over return. But higher returns warrant more risk, and more risk can have a hidden villain not always discovered until it is too late. The villain – geometric return, or more correctly termed in statistician land – geometric mean.

According to Wikipedia, Geometric Mean is a type of mean or average,…similar to the arithmetic mean, which is what most people think of with the word “average”, except that… the geometric mean of a

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Ways to Catch Up on Retirement Savings

Turning 50 might not be everyone’s idea of excitement, but when it comes to saving for retirement, 50 is when things start getting a lot more interesting.

That’s because people age 50 and over can make what are known as “catch-up” contributions to IRAs and most workplace-based retirement plans. These special contributions are in addition to regular contribution limits and allow individuals to maximize the amount of tax-advantaged retirement savings they can stash away.

The catch-up phenomenon has never been more important as American workers attempt to rebuild retirement savings devastated by recent market losses. Taxpayers 50 or older are

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2010 Roth IRA Opportunities

A Roth IRA allows you to save tax deferred money like a regular IRA, and withdraw money tax free. The catch is that instead of paying taxes when you are retired and withdrawing money, you pay tax before you make your contribution.

Besides tax free withdrawals, one of the best features of a Roth IRA is that there is NO required minimum distribution (RMD) at age 70 ½. This works great for extending the life of your nest egg, which is crucial in down years like 2008, when many IRA owners age 70 ½ would rather let their portfolios recover. …

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