What’s Your Philosophy?

One of the most difficult things to do as a human being is to walk your path without being diverted or discouraged by other people’s opinions. When you were young, your choice of clothing and music was influenced by your friends. As you got older, more important decisions such as where you went to college and what career you chose, were all influenced by others. Investing isn’t any different. These days, people are trying to capture lost opportunities – they want to make up what they lost during the 2007 – 2009 market drop. As… [read more]
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How Will Changes in Social Security Impact You?

With Secretary Geithner back in the news last week pressing Congress to take action on the growing concerns with Social Security, it’s likely we’ll soon see Congress return to the slew of proposals presented over the last few months. In this world of non-stop information, it’s tough to discern between news and opinion, truth and fiction and everything in between. Many of our clients have asked for a basic breakdown of the primary issues and proposals floating around Capitol Hill and how it directly impacts them. A summary of some of the basics are below.… [read more]
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The Best Investment Advice: Stop Losing Money

(from Carl Richard’s New York Times’ Bucks blog, 5/9/2011 – click herefor the original post.  Carl  is a certified financial planner in Park City, Utah. His sketches are archived on the Bucks blog and on his personal Web site, www.BehaviorGap.com.) I’m more convinced than ever that Mark Twain was correct when he decided that he was more interested in the return of his money than the return on his money. A couple of weeks ago, we discussed how often people in their 60s and 70s say that their primary residence of over… [read more]
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How Not to Help

In a recent meeting, Jeff Albrinck, an estate planning attorney at Rendigs, Fry, Kiely & Dennis, met with clients whose 45-year old son was diagnosed with Parkinson’s. The clients were concerned about their son’s long term ability to provide for himself. They wanted to amend their estate plan to leave everything to him, leaving out their other beneficiaries. After discussing their situation with Jeff, they realized the best thing they could do for their son and his family was to leave him nothing and create a special needs trust that would be available to him… [read more]
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