Author - Michael J. Garry, CFP®, JD/MBA

1
Survivorship Bias
2
The Essential Elements For Successful Family Wealth Transfers
3
New Department of Labor Fiduciary Rule
4
Prepare your marriage for retirement
5
2016: Ten Predictions to Count On

Survivorship Bias

This month we have a guest blog post from Dave Fernandez, CFP® who is a native of Arizona and has over 20+ years of experience.  He started his financial services career in 1995, is a NAPFA Registered Financial Advisor and is the owner of a fee only financial planning and wealth management firm, Wealth Engineering, located in Scottsdale.

Survivorship Bias

Sports fans love to compare the sports heroes of their childhood era to current athletes and make a claim on who was the best ever.  In many sports this claim on who was the best athlete of a particular …

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The Essential Elements For Successful Family Wealth Transfers

The idea of sitting down with your family and discussing a plan for the future – in terms of wealth inheritance and transfers – may seem daunting to some but it is absolutely necessary.

Having a conversation and developing an inheritance plan can be emotional but it will benefit you and your family when the time comes. This is the time to discuss and understand the goals, values, and ambitions of each person and to think about the common ground and then make sure your Estate Planning documents (and your assets and liabilities) accurately reflect them.

So What Are We 

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New Department of Labor Fiduciary Rule

I’d like to thank Greg Johnston, CFA®, CFP®, CPWA®, QPFC, AIF®  for today’s guest blog post on the Department of Labor’s new fiduciary rules. Greg has over 25 year’s experience in the financial planning and investment worlds and he works out of Peoria, Illinois. I highly recommend if you are in that area to reach out to Greg for further financial tips and help.

Introduction

You may have heard of a new rule issued by the Department of Labor with respect to retirement accounts. It is a long and complex regulation. But the …

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Prepare your marriage for retirement

Retirement can spark both stress and disagreement in an otherwise contended marriage. After years of happy, healthy wedded bliss, sometimes one or both spouses are surprised to find themselves unhappy once retirement comes or when discord enters the marriage.

Negotiation and compromise are key elements in a successful marriage—long-time spouses already know this and practice both well. Entering retirement doesn’t change this. It’s hard for two spouses to enjoy their later years if each wants to sail in their own direction.

Marital stress in retirement can be linked to two primary sources: one, difference in timing on when each spouse …

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2016: Ten Predictions to Count On

The New Year is a customary time to speculate. In a digital age, when past forecasts are available online, market and media professionals find it harder to hide their blushes when their financial predictions go awry. But there are ways around that.

The ignominy that goes with making bold forecasts was highlighted in a recent newspaper article, which listed many bad calls US economists had made about 2015. These included getting the timing of the Federal Reserve’s interest rate increase wrong, incorrectly calling for a rise in long-term bond yields, and assuming an end to the commodity rout.1

For …

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