There is a universal disclaimer that warns investors not to assume that the recent results of any particular investment will continue into the future. Despite this warning, when contemplating potential investment strategies, investors tend to place excessive weight on recent performance. After all, who wants to invest in a fund that lost 20 percent in…

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On this Father’s Day, I want to share with you the first financial lesson my father tried to teach me. When I was in the second grade, the public school lunch in the Philadelphia school district cost 60 cents. It included a protein, a milk a vegetable and dessert. One Monday before school, my father…

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The Blackstone Group LP has been pitching an innovative tax shelter to its ultra-wealthy clients. Invest your money with us and never pay any taxes. Blackstone, through its subsidiary, is recommending its clients utilize specially designed life insurance contracts to shelter their investment portfolios from state and federal income tax. Traditionally, life insurance policies grow…

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Once you are no longer working, you need to determine not only how much income you can afford to spend each year, but also from which accounts you should be withdrawing. Most people have some money in both non-qualified accounts, which may produce taxable income on a yearly basis, and some money in tax-deferred accounts,…

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