Archive - May 2013

1
Four Signs That You Should Hire A Financial Advisor
2
What Is A Lump Sum Pension Rollover?
3
How To Avoid Brokerage Firm Failures
4
Hate Your Spouse? Give Him The house!
5
Making Wise Decisions About Educational Funding And Student Loan Debt

Four Signs That You Should Hire A Financial Advisor

With the proliferation of tools on the internet more and more people are choosing to manage their own finances. This is great! Knowledge is power and no one cares about your money as much as you do! However, there are four situations where you should seek a financial planner’s help:

You are busy with your career and family and don’t have enough time to manage your finances. When starting your career, only two rules apply: a) spend less than you make and b) get compound interest working for you by saving as much as you can, as soon as you …

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What Is A Lump Sum Pension Rollover?

Retirement is near and now you must decide what to do with your 401k retirement plan and pension benefit accounts. The 401k can directly transfer into an IRA rollover account. There you may establish a monthly paycheck, complete with tax withholdings which are automatically sent to the IRS and state tax agencies.

You have the same option with your pension benefit!

Rather than beginning monthly payments from your pension, you may elect to take a lump-sum distribution sometimes identified simply as the lump-sum. Under many investment scenarios, you may have more retirement income and leave more to your heirs by …

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How To Avoid Brokerage Firm Failures

I first wrote in this post November, 2011 about a problem with brokerage firm failures. I think during times when there is no news like this is a good time to rethink the quality of one’s brokerage. Just how good is SIPC insurance? How good are the private insurance contracts that brokers also use? Remember the Enron crisis was facilitated by a brand name big four CPA auditor. Many of the monoline private mortgage insurance companies that insured mortgages went bankrupt during the great 2008-09 crash making guarantees useless. The question about how can one be certain of anything reminds …

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Hate Your Spouse? Give Him The house!

Judges in divorce court must go cross-eyed over the number of times they listen to people wrangling over who keeps the house. It’s usually the woman, who wants to stay put so the kids don’t have to change neighborhoods, school, and friends (or maybe, so she doesn’t have to face cleaning out their bedrooms).

When there was a ton of equity in the home (remember the good old days), the husband might have put up a fight, but my guess is that now, he’s more willing to turn it over. The woman breathes a sigh of relief, feels as if …

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Making Wise Decisions About Educational Funding And Student Loan Debt

As a financial advisor that focuses on serving a Generation X clientele (including many people with graduate degrees!), one of the hot button issues that I run into is: “How do I save for my children’s education in light of spiraling education costs?” While I believe there are some cataclysmic changes coming to higher education in the coming years, here are some tips to keep in mind as you put money away and guide your children in their educational decision making:

Instead of trying to keep student loan debt to a certain percentage of their expected salary, I believe students

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