Financial Planning

Planning in Retirement

Many people spend decades planning for the day when they can stop working. Those who are conscientious generally try to save and invest enough in a tax-efficient way in order to create sufficient capital to produce the necessary income to last throughout their lives. However, once you reach retirement the planning doesn’t end.   In…

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Protecting your Most Valuable Asset

For those who are working full time trying to accumulate wealth, their ability to work and make money is often their most valuable asset. For instance, someone who is 35 and earning $150,000 per year will typically earn almost $10 million dollars by the time they are age 65. This statistic assumes an annual 5…

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Market Volatility

The last quarter of 2018 has been very volatile for stocks, compared to the last several years of relative calm. This has made many investors nervous and potentially caused them to rethink their investment strategy. However, any investor who is surprised by recent volatility doesn’t really understand the historical movement of stock markets.   It…

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Has the 60/40 portfolio lost its mojo?

Ever since the start of the huge bull market in the 1980s and 1990s, the 60/40 portfolio was a great way to reduce the volatility in one’s portfolio. The bond portion of the portfolio would spit out 6 to 8 percent yields and, just as importantly, the bonds would tend to rally and yields would…

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Value investing

Benjamin Graham, who is generally viewed as Warren Buffet’s mentor, has several rules about investing. One of his main rules is to always invest with a margin of safety. In other words, invest in stocks at a price that is low relative to a stock’s earnings and at a price that is less than the…

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Should you disinherit your children if they don’t love you?

As a certified financial planner and an estate planning attorney, I am in the unique position to counsel my clients in both their financial planning and their legacy planning. Many times, I feel like I am acting as a family counselor as well.   Too often people are faced with internal conflicts about their estate…

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Undue influence

Undue influence is a legal doctrine that is used to describe the use of one’s power that arises out of a special relationship to coerce someone to make a decision not derived from their free will. This type of relationship can occur very commonly from an adult caregiver who may even be a relative. The…

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Medicaid Planning

Florida residents are eligible for free health care and nursing home services if they possess only limited resources. For Florida residents, non-exempt assets must be below $2,000 to qualify. Exempt assets include one’s home, personal belongings, household furnishings, an automobile, irrevocable burial trusts and certain income-producing real estate. Anyone who is incurring substantial health care…

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Financial Swiss Army knife

Throughout the financial planning process we must address numerous concerns. Is there ample liquidity? Is there a growth strategy? How can we mitigate risk? How can we create sufficient lifetime income? How can we plan for potential future long-term-care needs? How can we maximize the inheritance we leave our heirs? Finally, how can we reduce…

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Stock markets keep surging

Hopefully you are enjoying your Labor Day weekend with the knowledge that your stock investments have done well so far this year. Through the end of August 2018, the S&P 500 has gained 9 percent and the Russel 2000, which is comprised of smaller companies, is up 13 percent. If you are wondering why the…

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