Keeping up when the market is down
Published 09/13/2010 at midnight
When years like 2008 or the first quarter of 2009 occur, investors are reminded that average returns can include quarters or years with very large losses, as well as very large gains as occurred in the balance of 2009. During ...
When lifestyles change
Published 09/06/2010 at midnight
Occasionally, changes in our life requires more change in order to regain a sense of balance or security. I am speaking of those who lose their spouse, especially those who are retired when this occurs. Whether they have been married ...
No risk of layoffs here
Published 08/30/2010 at 11:14 a.m.
Those who serve their country by filling an elected office escape many of the worries traditional workers face daily. If you ignore the elections members of the House or Senate periodically face, the compensation of those in the Congress is ...
Another opportunity to refinance home mortgages
Published 08/23/2010 at 10:37 a.m.
During the last several years homeowners have had more than one opportunity to refinance their home mortgage. Those who have purchased in recent years or refinanced within the last several years may believe they are in good shape. The old ...
How to create reliable and sustainable retirement income
Published 08/16/2010 at 12:24 p.m.
The recent significant declines in the investment market indexes has once again raised the question of how to create reliable and sustainable retirement income. Those nearing retirement can often find themselves facing a decision they just as soon avoid. The ...
Get ready to have your pockets picked
Published 08/02/2010 at 10:39 a.m.
Despite promises made by the current administration to the contrary, everyone should be getting ready to pay more in taxes. Whether you are a young couple just starting out or someone in the twilight years of retirement, paying more in ...
Market volatility and timing new investments
Published 07/26/2010 at 10:06 a.m.
If you felt like your investment portfolio has been spending too much time at Coney Island, New York, most likely you are not alone. During the last three weeks of trading ending Friday the 23rd, there were 11 days where ...
Using real estate to add portfolio stability
Published 07/19/2010 at 11:13 a.m.
Upon reading the title of this week’s article, you may want to question my sanity. But, I assure you there are many benefits long-term investors can realize when real estate is added to an investment portfolio. However, as it is ...
How to handle orphan or large IRA accounts
Published 07/12/2010 at 10:13 a.m.
Managing investments comes in many forms. The decisions range from selecting the type of investment vehicle, how much to allocate to each, and when to make changes. During a lifetime of investing, it is not difficult to end up with ...
What seniors are saying: Do you agree?
Published 07/05/2010 at 10:15 a.m.
During April and May, Senior Market Advisor conducted a survey which they released in their July publication. One third of the respondents say they seek the advice of others when it comes to their finances. Half turn to family members ...
What is in a name?
Published 06/28/2010 at 9:54 a.m.
Have you ever given thought to the impact a name may create? Or, the disarray that can also be produced by the misuse of someone’s name? For most of us, I would imagine not a lot of thought has occurred ...
Finding additional ‘cash’ from what you already have
Published 06/21/2010 at 11:46 a.m.
Every year most of us go about our lives like we always have. Doing the same thing over and over, mainly because that is how it has always been done. Part of the new banking regulations passed by Congress is ...
Estate planning mistakes
Published 06/14/2010 at 6 a.m.
The estate documents are one of the most important segments of anyone’s financial plan. Without them, there is no certainty that the estate will be distributed as desired and whether steps to assist and protect the heirs will be in ...
Guarding against bad advisors
Published 06/07/2010 at 10:19 a.m.
In one of my industry publications, Investment News, a recent article by Hilary Johnson discussed some of the poor decisions clients made, and as a result made it easy for Kenneth Starr, who owned Starr Investment Advisors LLC, to allegedly ...
Proper execution of an estate plan
Published 06/02/2010 at 2:40 p.m.
Today, there are many ways to derail a properly written Will. Whether you have used software to create the documents or an area attorney, having a recently signed estate plan is not always enough to avoid headaches when it is ...
Senior Citizens beware
Published 05/24/2010 at 11:02 a.m.
I am about to get back on one of my many soap boxes, so readers beware! During a recent meeting with a prospective client, I was asked to review their investments to determine how best to assist and advise them. ...
Risks impacting investment portfolios
Published 05/17/2010 at 12:08 p.m.
Many of the risks impacting investors are those most investors are already familiar. These risks include inflation, business, market, and interest rates just to name a few. For long-term investors, these risks are generally mitigated or offset through diversification, active ...
The market’s recovery and outlook
Published 05/03/2010 at 11:16 a.m.
It has been a little over thirteen months since the S&P 500® reached its low last year of 676.53. As I am writing this, the index is currently 1,193.40 representing a 76.40 percent gain from its low. As scary as ...
Mutual fund fees and commissions - benefit vs. cost
Published 04/28/2010 at 3:20 p.m.
Mutual fund fees have long been discussed as one of many barometers of whether any particular fund is worthy of investor’s funds. On the surface, many of the arguments may make sense. However, since this is a topic that is ...
The tax man is around the corner
Published 04/12/2010 at 10:08 a.m.
April 15th is rushing towards us at the speed of an oncoming freight train. As always, there are steps available to reduce taxes and build retirement assets, but there are also other changes for 2009 that may provide benefits and ...
Is it health care reform or a tax increase?
Published 03/29/2010 at 10:55 a.m.
By now everyone is aware Congress has passed what most consider historic legislation. Only history will tell us if it was historic health care reform, a historic colossal mistake, or a historic tax increase. Part of this legislation includes a ...
Just whose money is it?
Published 03/22/2010 at 10:56 a.m.
Earlier this month I covered a few estate planning issues in an article entitled, “Dotting the I’s and Crossing the T’s of Estate Planning”. In that article I addressed the potential problems created in an estate plan when children or ...
Creating income from real estate assets
Published 03/15/2010 at 10:52 a.m.
During a prior article discussing retirement income, I mentioned REITs (real estate investment trusts) as a possible source of income. During the past 25 plus years of assisting clients with their investments and taxes, I have had a number of ...
Dotting the I’s and crossing the T’s of estate planning
Published 03/08/2010 at 10:31 a.m.
Estate Planning has been the topic of many of my weekly articles. Whether it is high on the priority list or not, the financial impact of a missing or out-of-date estate plan can be considerable. Just because an estate plan ...
Creating sources of income
Published 03/01/2010 at 10:08 a.m.
Whether you are retired or thinking about retirement soon, the creation of income will most likely be on the top of the list. Now that the paycheck is gone and social security is not filling the gap, retirees must create ...
The A, B, C’s of mutual funds
Published 02/22/2010 at 10:04 a.m.
With mutual funds so prevalent in investor’s portfolio today, it is amazing how many are not aware of the differences in share classes. While there are share classes other than, A, B, and C these are the most common, although ...
Flying high or about to crash -- Revisited
Published 02/15/2010 at 11:39 a.m.
It has been a little over a year since I first wrote “Flying High or About to Crash.” Clearly, last January the economy and investor were in a different state of mind than they are today. At that time, the ...
Is financial planning like going to the dentist?
Published 02/01/2010 at 10:32 a.m.
As I was wrapping up for the week and getting ready to head home for what the weather people are saying will be a long weekend of staying inside due to a massive storm, I looked back at my first ...
The new tailwinds of regulations and its potential impact
Published 01/25/2010 at 2:13 p.m.
The current administration wants to move forward with changes in the regulations governing many of the country’s financial institutions, as stated by President Obama Thursday of last week. While I believe anything can be improved, I also believe something as ...
Estate planning rules - anybody’s guess
Published 01/19/2010 at 11:08 a.m.
At the last meeting of the East Tennessee Financial Planning Association Chapter, members were updated on current estate planning issues by Anne M. McKinney, Esquire, a recognized Knoxville legal authority on estate taxes. Per the IRS’s web site, this tax ...
Published 01/11/2010 at 12:48 p.m.
Seems the hottest topic today is whether this is “two thousand and ten,” or “twenty-ten.” My response is “twenty-ten.” While this seems uncomfortable to say for many, most likely this is because we are accustomed to saying eighteen or nineteen ...
2009 - Year in review
Published 12/28/2009 at 2:15 p.m.
For almost the first quarter of 2009, everyone was wondering just how bad it will get. Shopping for the luxury items just about came to a standstill. The number of cars being sold slowed to a pace not seen in ...
Three overlooked areas for estate planning consideration
Published 12/21/2009 at 12:55 p.m.
As the close of another year approaches, this may be the ideal time to make sure all estate planning documents are in order and everything has been included. Estate Planning has been my topic for several weeks, and there seems ...
Designing the best possible fit
Published 12/14/2009 at 10:19 a.m.
A topic that is almost avoided equally as much as estate planning is the discussion of how a family will care for an elderly parent when they can no longer care for themselves. I can almost hear the pages of ...
The topic that should be discussed… but rarely is
Published 12/07/2009 at 11:14 a.m.
Estate planning seems to be such a feared topic that it is probably discussed less frequently than many of the ailments individuals often suffer. In a social setting, I am more likely to hear about somebody’s hernia than the fact ...
Correction, recovery, inflation…what is ahead?
Published 11/30/2009 at 10:28 a.m.
Today, headlines will include speculation about the direction of the market and the economy responding to each move in the markets, or release of new economic data. Be sure to remember headlines should not dictate investment policy. Each investor is ...
If it sounds too good to be true…
Published 11/25/2009 at 2:02 p.m.
I hope everyone reading this column is aware current interest rates are not only low, they are almost nonexistent. When the annual interest rate on a savings account is 0.2 percent and that is not 2 percent, but 2 tenths ...
Investing time horizon - short term or long term
Published 11/16/2009 at 10:48 a.m.
In recent weeks, the admired king of investing, Warren Buffet, surprised many in the investing world by announcing Berkshire Hathaway’s purchase of Burlington Northern Rail Road. When asked recently why he chose this investment, Warren quipped that when he was ...
Reviewing the estate plan
Published 11/09/2009 at 12:37 p.m.
The “Estate Plan” is often perceived as a massive set of documents for the wealthy. Clearly, estate plans are different for each family. Smaller plans will include documents for the husband and wife with each being only a few pages ...
Changes are blowing in the economic winds
Published 10/26/2009 at 2:06 p.m.
While the recession of 2008 and 2009 has not been declared over, it clearly appears to be near its end. However, I believe it is just beginning for changes to be taking place in the financial services world. What does ...
Does the ‘CFP’ recognition make a difference?
Published 10/12/2009 at 10:07 a.m.
During the past five years, I have been sharing my thoughts and knowledge with you and have recommended seeking advisors holding the CFP certificate when assistance is needed. I would like to take today to share why. First, CFP® is ...
Steps to take to retire successfully
Published 10/05/2009 at 10:11 a.m.
During this past decade, the ability to retire successfully has been a tremendous challenge. Many of those retiring in 1998 and 1999 thought the investment markets would always go up, and that 18% to 24%, or even higher, were normal ...
The story behind absolute return funds
Published 09/28/2009 at 9:37 a.m.
Several mutual fund families have started releasing funds with an objective of ‘absolute returns’. For many individual investors, the selection of mutual funds is often based in part on the name of the fund. Having experienced the returns of the ...
Will the investment markets have a correction?
Published 09/21/2009 at 10:49 a.m.
Generally speaking, the investment markets usually incur a correction once they have had an extended upward move. These corrections often occur without warning, and the markets sometimes take their cue from the most unlikely source. Since March 9th of this ...
7 percent compounded returns - 8 percent bonus - never lose account value
Published 09/15/2009 at 10:29 a.m.
How is that headline for a promise? With the markets bouncing all over the place during the last year, finding an investment option paying seven percent and willing to pay the investor an eight percent bonus for investing is like ...
Managing investment gains and losses
Published 09/08/2009 at 10:45 a.m.
The investment rollercoaster that has occurred this year most likely has caused a number of transactions to occur in your investments account. Since a gain or loss in a retirement account is not reportable on the annual tax return, it ...
Managing investment risk and diversification
Published 08/31/2009 at 9:57 a.m.
If your investment portfolios are feeling the pain of getting out too soon and back in the markets too late, then a lesson on managing risk may be beneficial. Warren Buffet said it earlier this year as well, if you ...
10 common financial mistakes - Part 3
Published 08/26/2009 at 10:33 a.m.
This is the last segment to our discussion on the common financial mistakes made by individuals and couples. We have discussed estate planning issues and how mistakes can be costly, time consuming, or both. Secondly, we covered financial planning and ...
10 common financial mistakes -- Part 2
Published 08/13/2009 at 9:48 a.m.
Last week’s article covered four of the common mistakes pertaining to estate planning. This week we will cover four mistakes pertaining to Financial Planning, with the last two mistakes covered next week on tax planning. The first of the financial ...
10 common financial mistakes -- Part 1
Published 08/05/2009 at 2:31 p.m.
To reach financial security, there are many hurdles that have to be successfully negotiated. Additionally, life often throws a number of unexpected items into our path. To add to the treachery by making common mistakes can add insult to injury ...