The Ever-Shifting Balance Between Resources & Dreams

(from Carl Richard’s New York Times’ Bucks blog, 9/20/2011 – click here for 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.)
Most of us have limited resources, like time, money, energy and skills. At the same time, we have needs, goals and dreams. All too often they exceed the limited resources we have, so balancing these two areas of our personal economy can be tricky. We also need to understand that over… [read more]
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How the Mighty Have Fallen

This year has not been kind to mutual fund managers – at least the ones who try to predict the future. First, Bill Gross of Pimco warned everyone that they should cash out of Treasuries or “get cooked like frogs in an increasingly hot pot of water.” Gross manages the largest bond mutual fund and sold completely out of Treasuries earlier in 2011, only to have the performance of his Pimco Total Return Fund fall to the bottom 20% of bond funds for the past year. As Treasury yields continued to fall, prices went up… [read more]
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Living with Uncertainty

It’s been a year since my husband’s cancer diagnosis and surgeries to remove his tumor and lymph nodes. He has six weeks to go until he’ll be finished with his interferon treatments – a much smaller number than the 52 weeks he had to look forward to when his treatments began. He’ll be glad to have the drug and all of its side affects out of his system, but he’s hesitant to celebrate. Melanoma is a very aggressive cancer; and he knows he will have to live with it for the rest of his life.… [read more]
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Estate Planning & Personal Property

My wife’s family is currently dealing with her grandfather making a permanent move to a nursing home that has highlighted an area of estate planning I believe is often overlooked.     What do you do with all of the “stuff”?
The formal estate plan has long been in order and has been reviewed and updated on a regular basis.  We’re grateful knowing that everything will be handled to his precise wishes when the time comes.  What to do with the personal property outside larger items, however, was never really addressed.
I’ve blogged on more than one … [read more]
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