Category - Uncategorized

1
Financial Advice from a Yoga Instructor
2
How to tap Your Retirement Savings Penalty-Free
3
How to Pay Off Students Loans and Save for Retirement
4
Hedge Funds and Long/Short Strategies
5
401(k) & Qualified Domestic Relations Orders (QDRO)

Financial Advice from a Yoga Instructor

Would you take financial advice from a yoga instructor?

In a Sydney Morning Herald article that mentions her business aimed at helping women do more financial planning, Lea Schodel, an Australian yoga instructor and financial planner says something very important:

“Women are so willing to invest time in yoga, pilates and other forms of self-care, but they don’t realise how much financial stress can undermine all that,” she said.

You may be thinking that you need the yoga class to relieve the stress you feel about making ends meet and while we wouldn’t deny you that, would you also …

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How to tap Your Retirement Savings Penalty-Free

This article was originally published by Vid Ponnapalli on

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Saving for retirement is an important financial goal, but many people struggle with it. Some are concerned that it means locking up funds and making them inaccessible for other financial goals. But this, in fact, is a myth.

For example, a young 28-year-old entrepreneur once asked me if she could use some of these funds towards down payment for her first home. A 40-year old mid-career professional wondered if he could use any of his retirement money for college costs for his children. And a 56-year old individual, who lost …

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How to Pay Off Students Loans and Save for Retirement

Very often in my classes I get asked the question “What should I do first, pay off student loans or save for retirement?” My goal is to give some perspective on approaching these two very important issues.

Generally, holding student loans and making the minimum payments can lead to an unnecessary amount of interest being paid. For example, if an individual has a student loan at 6%, then that loan is earning 6% but for the lender not for the student. Many individuals find themselves wanting to pay off their student loans as quickly as possible.

On the other hand, …

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Hedge Funds and Long/Short Strategies

Hedge Funds and Long/Short Strategies

We don’t recommend hedge funds, neither do we recommend long/short strategies.

Hedge funds are not an investment strategy. They are a compensation mechanism which provides a method to bypass the normal regulatory process governing registered investment advisors. Some, but not all, hedge funds actually hedge the market. Some mutual funds also employ a hedging strategy. The most common strategy for hedging the market is called a long/short strategy.

A long/short strategy consists of taking some portion of your investment and purchasing stocks hoping that they will go up. Generally managers presume that they have a methodology for selecting the stocks …

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401(k) & Qualified Domestic Relations Orders (QDRO)

An exception to the 10% penalty on distributions from a qualified plan (but not an IRA, an IRA is split via a transfer incident to a divorce, which is not an automatic exception) Qualified Domestic Relations Order, or QDRO (cue-DRO).  A QDRO is often put into place as part of a divorce settlement, especially when one spouse has a qualified retirement plan that is a significant asset.

What happens in the case of a QDRO is that the court determines what amount (usually a percentage, although it could be a specific dollar amount) of the qualified retirement plan’s balance …

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