Markets are recovering, how about your portfolio?
Published 07/30/2009 at 10:38 a.m.
How have you done? Are your accounts recovering or still quivering? Economic recessions are painful events for everyone. While the unemployment rate has risen dramatically and this is impacting many families in our area and across the country, those that ...
Is inflation around the corner?
Published 07/16/2009 at 11:24 a.m.
One of the concerns I hear expressed more often today, is the fear that inflation is forthcoming. In my adult life I have experienced high inflation only once, but it is one of those experiences that are not forgotten. A ...
Retirement or starting a new career
Published 07/09/2009 at 12:38 p.m.
For the last three weeks I have been covering several ways to protect income and lifestyle. For some, this could be similar to reviewing fire insurance after the barn has already gone up in ashes. The equity markets’ drop during ...
Protecting income and lifestyle - Part III
Published 07/02/2009 at 11:45 a.m.
In this third and final part to our discussion on protecting income and lifestyle, the use of variable annuities and outside managers/advisors will be covered. For those not familiar with variable annuities, they are specialized investment products offered by insurance ...
Protecting income and lifestyle -- Part II
Published 06/17/2009 at 2:11 p.m.
Last week’s topic discussed the role the investor may play in managing their assets. This included creating the allocation between asset classes, monitoring the markets to adjust this allocation and then the selection of the actual funds within each asset ...
Protecting income and lifestyle
Published 06/11/2009 at 9:03 a.m.
The investment markets clearly know how to rattle the investor’s nerves. From 1991 to 1993, from 1995 to 1999, and from 2003 to 2007, it seemed everything was in alignment and the markets went up. But each of these three ...
Revisiting ‘Investing in the face of fear’
Published 06/04/2009 at 9:22 a.m.
It was last December when I originally wrote this article. A great deal has occurred since then and it may be wise to look at this again. I originally wrote “Recent reports on various financial networks indicate the American public ...
Saving and investing: There is a difference in the two
Published 05/28/2009 at 12:20 p.m.
The following is an article I wrote a little over a year ago. With the impact the investment markets have taken, I thought a repeat of this information may assist many of my readers in determining whether they are ‘savers’ ...
Time and the value of money
Published 05/21/2009 at 12:58 p.m.
“Time Value of Money” is a phrase we often hear, but do we really understand the impact it may have on our lives? In some of my previous articles I have referred to the growth of investments and the potential ...
Accidental estate planning
Published 04/29/2009 at 3:02 p.m.
If you were asked, “When was the last time you did any estate planning?” your answer may be, “Several years.” This is obviously going back to the last time your Will or trust was updated and signed. However, it is ...
The markets: Expectations of a recovery
Published 04/22/2009 at 1:04 p.m.
During the last six months, the markets have been more daring and exhilarating than many of the fastest and tallest roller coasters. Not only have we seen significant drops, there have been two periods of significant rallies as well. The ...
Investment performance: Before and after retirement
Published 04/08/2009 at 12:46 p.m.
Talking about investment performance during a major recession may seem out of place. But whether there is a recession or not, many of you are facing retirement as the next decision. Anticipating the correct investment performance may be crucial to ...
‘At this rate, I will run out of money in eight months’
Published 04/02/2009 at 9:55 a.m.
During Recessions and market corrections, it is often difficult if not painful and fearful to watch investment accounts decline in value. Years of hard work often created these portfolios; and in many cases, the account owner is now living off ...
Numbers to consider
Published 03/19/2009 at 10:46 a.m.
Our lives, as well as the economy, are filled with numbers. We have our address, home phone number, cell phone number, work address and phone number, Social Security number, driver’s license number, mortgage amount, net worth, total debt, unemployment rate, ...
Income tax planning, charitable giving and IRAs
Published 03/12/2009 at 10:04 a.m.
To pay the least amount of income taxes generally requires the taxpayer to know as many of the rules as possible. Knowing when and if specific actions can be taken may have a direct impact on the amount of income ...
Knock, knock, knock - is anyone there?
Published 03/05/2009 at 9:46 a.m.
With today’s market, no one needs more bad news. As I have written before, the bad news from this market will linger for months and persist even once the recession finally comes to a close. During these difficult times, navigating ...
Avoiding variable annuity landmines
Published 02/26/2009 at 10:47 a.m.
Billions and billions have moved into variable annuities over the last several years. If you have not been part of this shift of assets, you may be one of the few. If you are wondering why so much money has ...
Is Recession of 2008/2009 like the Great Depression?
Published 02/18/2009 at 10:53 a.m.
At first blush, you might say ‘yes,’ the recession of 2008/2009 is like the Great Depression. Clearly, many of the headlines are touting this recession will be as bad as the Great Depression. While some of you experienced firsthand or ...
Short-term nightmares - long-term objectives
Published 01/29/2009 at 10:46 a.m.
I am not sure when it occurred last. That is for so many individuals to have doubts about the future, when the opportunities are so pronounced. For long-term opportunities to become realities, we need to have confidence that certain facts ...
Trust and financial advisor - do they still go together?
Published 01/22/2009 at 10:11 a.m.
Names like Bernie Madoff of New York can create doubt for investors. Even east Tennessee is not immune. Dennis Bolze of Sevierville made recent news when several investors claim to have lost money and Mr. Bolze can no longer be ...
Flying high or about to crash?
Published 01/15/2009 at 11:17 a.m.
These are clearly difficult times for many individuals. The numbers being reported from national and area layoffs are staggering. We all have experienced recessions or difficult times. If you are like most of us, once you made it through the ...
Your income for 2009 and lifetime
Published 01/07/2009 at 11:19 a.m.
There are new rules for 2009 for those of you that have retirement accounts and are subject to required minimum distributions (RMD) rules. Recent Federal legislation will permit those subject to RMD rules to elect not to take the distribution ...
Cheers and goodbye to 2008 - ring in 2009
Published 12/30/2008 at 1:07 p.m.
New Years is the opportunity to start something new, as well the chance to close a chapter. New promises are made and dreams created. This year hope is in the midst. A new administration will begin Jan. 20, with many ...
Investing in the face of fear
Published 12/18/2008 at 1:42 p.m.
Recent reports on various financial networks indicate the American public in general believes now is not the time to invest in stocks (equities). Currently, the S&P 500 index is ranging between 810 and 920 with a brief dip to 752.44 ...
Published 12/10/2008 at 2:32 p.m.
It appears emergency funds are like so many things in our life. Their importance does not seem very high, that is until they are needed or missed. And if they are non-existent when needed, there is not much that can ...
Published 11/26/2008 at 1 p.m.
In the midst of the current economic news, worries about job security, and the decline in investment values, I have received a number of requests for the article I wrote recapping the headlines of our past. Many of the headlines ...
Will your assets be distributed where you wish?
Published 11/19/2008 at 2:40 p.m.
When was the last time your Will, each account’s registration, and beneficiary statements were reviewed? Life events do impact estate planning; and unless a review has been made, surprises may lurk somewhere in your holdings. If you are like most ...
Published 11/13/2008 at 11:01 a.m.
During times like 2008, it is wise to take a day and review your finances. While history tells us the investment markets will recover and most likely reach new highs, ignoring the current economic environment is not wise. Not only ...
Money Matters November 6, 2008
Published 11/06/2008 at 11:06 a.m.
Two months and counting and we can finally say good-bye to 2008. During 2008, we have seen more 100+ point moves in the markets, both up and down days. There were also a large number of days where the intraday ...
Money Matters: Investment performance after a recession
Published 10/29/2008 at 1:46 p.m.
Last week I discussed that once the market had hit bottom, it was okay to start investing again. As you all know, the bottom is something that is confirmed by the rearview mirror, rather than something that can be known ...
Published 10/22/2008 at 6 p.m.
If you have sold out of the market during this extreme downturn, that most likely means you have taken a loss. It may also mean you are no longer in the market to participate in the recovery, once the markets ...
Published 10/15/2008 at 3:12 p.m.
A friend in the financial industry provided the following quote to me, and while it may take more than one time through to truly understand its meaning, it describes the current market and many similar times we have had before ...
Money Matters: Congress passed the bailout: So where is the recovery?
Published 10/08/2008 at 6:17 p.m.
While Congress passed the $700 billion asset purchase plan (bailout plan), the markets barely paused before wiping out the day’s gains and ending lower. What is missing? The legislation is passed, but the money is not flowing yet and the ...
Money Matters: Managing investments in the midst of a crisis
Published 10/01/2008 at 6:16 p.m.
What can I say or what should I say when the financial markets may be facing what some have said is the worse financial crisis since the ‘Great Depression’? Do not panic! And I say it again, “Do not panic.” ...
Money Matters: Violatile times in the market
Published 09/24/2008 at 6:40 p.m.
In the future, 2008 may be looked upon as the starting point of significant changes to our economy and how many of our financial transactions are handled. During this year, such names as Bear Stearns, Countrywide Financial, Fannie Mae, Freddie ...
Planning for the future: Retiring well-off is not impossible
Published 09/11/2008 at 11:45 a.m.
Today's workers must recognize their financial future is now their personal responsibility. This is clearly a shift from many of those who are already retired and in their 70's or older. For these generations, most worked decades with their employer; ...
Money Matters: Daily financial decisions do impact financial future
Published 09/03/2008 at 6:09 p.m.
There are many financial decisions we make daily or monthly that impact our financial future, but many fail to realize the significance of these decisions. We often forget they impact our finances or do not give them a second thought. ...
Money Matters: Beneficiary review - worth the time and effort
Published 08/27/2008 at 7:37 p.m.
When was the last time you made certain all of the beneficiary statements you have created are still appropriate? If you are like most of us, the answer is, “I am not sure when the last time I did a ...
Money Matters: Year-end tax planning can be beneficial at mid-year
Published 08/13/2008 at 6:14 p.m.
Hint of fall arrived this week with cooler morning temperatures. High school as well as college football players are gearing up for the season. School zones are flashing once again. There is nothing happening that says it is time to ...
Money Matters: Storm Season: Are there lessons to learn from facing loss?
Published 08/06/2008 at 6:13 p.m.
As we head into prime hurricane season and brace ourselves for news stories and video footage from the coasts, I always wonder about the folks who live in those target areas…how do they carry on in the face of storm ...
Money Matters: Buying and selling right - can it help?
Published 07/30/2008 at 6:41 p.m.
When do most individuals invest in the markets? Generally, history tells us there is considerably more buying activity during extended bull periods.
Money Matters: Is now the time to be selling or buying?
Published 07/23/2008 at 6:30 p.m.
If you believe many of the headlines and have been unnerved by your June statements which showed a drop in the value of your nest egg, you are not alone.
Money Matters: Saving and investing - there is a difference
Published 07/16/2008 at 6:13 p.m.
The investment markets are once again shaking out the savers from the investors. Do you know which one you are? If you were to Google 'saving' and 'investing', the definitions you find may seem similar.
Money Matters: Getting the basics prepared
Published 07/09/2008 at 6:38 p.m.
In recent conversations with numerous prospective clients, it appears some of the financial planning basics are being placed on the backburner far too long.
Money Matters: Alpha and Beta - not just Greek letters
Published 07/02/2008 at 5:59 p.m.
While ‘Alpha’ and ‘Beta’ represent the first two letters of the Greek alphabet, they are also very meaningful in the world of investment management.
Money Matters: Crisis in confidence
Published 06/25/2008 at 1:57 p.m.
Unless you have been in a coma, it has been impossible to avoid reading or hearing recent financial news. Unfortunately, the news has been pretty negative, of late, including talk of inflation, higher oil prices, increasing interest rates, upcoming elections, ...
Managing investments through difficult times
Published 06/18/2008 at 5:47 p.m.
Investing is difficult enough due to numerous types of securities and then the thousands of choices.
Money Matters: Origin of the Income Tax in the U.S.
Published 05/28/2008 at 6:01 p.m.
Almost from the start, this country has needed money to run the government.
Money Matters: Managing investment diversification and stock overlap
Published 05/21/2008 at 5:07 p.m.
One of the basic rules to manage investments and recommended by most financial advisors and money managers is diversification.
Published 05/15/2008 at 12:24 p.m.
In recent conversations with prospective clients, it appears some of the financial planning basics are being placed on the backburner far too long. I have listed five basic elements of financial planning. If you have these five items, are you ...