January 26, 2018

Income for Life Retirement Series #12: Moving from Your Home

Downsizing, especially after the children are on their own, is a frequently used approach for managing your income for life. Reducing housing expenses can save tons of money. If you reside in a highly appreciated area where your home could be worth a lot of money, selling can free up a substantial amount of cash flow or even be used to wipe out debt. What is left over can then be added to your nest egg or even used to cover future long-term-care expenses. Keep in mind, if you are married you can protect up to $500k of your profit from capital gains taxes when you sell your home. If you single, it is half of that amount.
January 17, 2018
Communicating with a financial planner

Top 3 Questions to Ask Before You Hire a Financial Advisor

Choosing a financial advisor can seem overwhelming when you first start…especially if you’ve never delved into the financial world yourself. It can be tough knowing what to look for. However, there are some strategies that you can utilize to find the advisor that gels with your needs the most and will help you reach your ultimate goal. Making use of these three questions will undoubtedly help you assess and ultimately hire a financial advisor that can help you trek down the path you desire.
October 21, 2017
is gold a good investment

Is Gold a Good Investment in 2018?

We’ve all heard and seen the “buy gold” advertisements on radio and television. Usually, a paid celebrity will talk about how “bad” the markets can be and then pitch a gold product. The question is, how much attention should we give to these ads? Is gold a good investment? They tell us if the stock market crashes, this is one investment that won’t go belly up. However, gold is always compared to stocks, not fixed incomes like bonds.
October 20, 2017
what is a Tax Triangle

What is a Tax Triangle and Why Does it Matter

The Tax Triangle – a concept I utilize with our clients that we work with for years and years and years. It is a concept I use to illustrate where to position our money today so that we end up with the most favorable income coming to us in retirement… for tax purposes. But what is a Tax Triangle?
October 16, 2017

How To Be A Better Investor Than The Experts

If you watch any of the so-called financial experts on TV, then you know their market predictions are always spot on, right? Think again. I watched a financial guru take to the airwaves touting his phenomenal record of correctly predicting market returns over the last 10 years. He suggested 2017 is the year to top all others with historic gains, even going as far as predicting the DOW will hit 21,000, which it has at this point. As the host began taking viewer phone calls, his answer to a viewer’s questions showed his accuracy wasn’t as good as he’d initially suggested. A caller asked how often the expert nailed returns over the last 10 years. His response: In 2008, 2014 and 2015. The viewer then said, “So in the last 10 years, you’ve been right three times.” This led the pundit to claim it’s about knowing when and how to call […]
October 4, 2017

How Should I Pay for a New Car?

With car sales hitting record highs, a common question I seem to keep answering is, “Justin, how should I pay for a new car?” While meeting with a client recently, he asked this very question. He actually had a few options he was looking at utilizing for the purchase and wanted my take on what I felt would work best. So with so many others asking as well, I decided to analyze each of the methods he considered. Perhaps a few of them are options you are exploring as well.