Author - Tom Posey, CFP®, J.D., AAMS

1
Retirement Hurdles: It’s Not Just The Money
2
The Best Time to Gift Money to Your Heirs is Now
3
Is a 529 Plan The Best Way to Save For College?
4
There’s More to Retirement Than Money
5
What Do Sleep and Your Investment Portfolio Have in Common?

Retirement Hurdles: It’s Not Just The Money

Even if you feel sure you have enough money to retire, don’t skip the number-crunching. A gut sense that you can retire is nice … but it’s an experiment whose result won’t be known for many years. And after the results become apparent, it may be too late to do anything about it.

The numbers side of the retirement decision is complicated. Obviously, an element of the retirement cash flow plan is straightforward: Assume a rate of investment return, consider other income sources, and see if projected expenditures are covered by the result. But this simple method leaves too many …

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The Best Time to Gift Money to Your Heirs is Now

If you have been considering strategies for passing some of your wealth on to heirs as tax efficiently as possible, you might want to know about an important window of opportunity for gifting. It’s available right now, but it may not be beyond 2012.

 

Among the many tidbits found within the December Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 are particularly favorable gift tax exemptions: an increase for lifetime tax-free gifting to $5 million/$10 million for individuals/couples, up from $1 million/$2 million. And if $5–$10 million isn’t enough, the tax rate on lifetime gifting amounts

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Is a 529 Plan The Best Way to Save For College?

Q: I have a four-year-old. Is a 529 plan the best way to save for her college education?

A: For most people, a 529 plan is the logical starting point for their college savings because earnings in the 529 plan are Federal (and sometimes state) income tax-free if spent on qualified educational expenses at a qualifying educational institution. But for most people the 529 should not be the only funding vehicle, and it can pay to seek some objective, expert advice before proceeding.

What is a 529 plan, anyway?

In brief, a 529 plan can be an attractive college savings …

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There’s More to Retirement Than Money

Question:

We're in our early 60s. I'm afraid our "golden years" are passing us by. I want my husband to retire. But I can't get him to. What should I do?

Answer:

The retirement decision has two parts: numbers and emotions.


The Numbers

Even if you feel sure you have enough money to retire, don't skip the number-crunching. A gut sense that you can retire is nice...but it's an experiment whose result won’t be known for many years. And after the results become apparent, it may be too late to do anything about it.

The numbers side of the retirement …

Read More

What Do Sleep and Your Investment Portfolio Have in Common?

Scientific research interests me, especially when it relates to something practical. Sometimes science reinforces conventional wisdom, sometimes not. Here are a couple of interesting, recent illustrations.

 

Dubious Advice: Don’t Worry, Be Happy

Most successful and wealthy clients spend a good portion of their lives focusing on building their careers and net worth. Many assume the stress they endured has shortened their life expectancy, compared to less-focused, happy-go-lucky sorts of people.

 

Maybe not. In a 20-year-long “Longevity Project,” researchers at the University of California recently concluded that, on average, people who were the most cheerful and

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