On the Value of Not Knowing

(from Barry Ritholtz‘s The Big Picture blog dated August 9, 2013.  Click here for the original post.  Barry is the founder and chief investment officer of Ritholtz Wealth Management, a daily columnist for Bloomberg, a frequent commentator on economics and financial markets for a number of media outlets and was named one of the 25 Most Dangerous People in Financial Media by the Huffington Post.) Its Philosophy Phriday, and as such, I want to discuss my ignorance. Or rather, my justifiable pride in my willingness to say “I don’t [read more]
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Confessions of a Grandmother

Today a USA Today Network article noted that the cost of raising a child born in 2013 will be $245,340.  That was quickly followed by a USA Today Money article that noted raising a child actually costs you $1.4 million, because the money you spent on food, clothing, shelter and other expenses wasn’t available for investing.  If it was, it would be worth $1.4 million at the end of 18 years. While those are sobering numbers, I doubt many of us focused on the long-term financial impact of a child when we made the decision… [read more]
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How Should I Treat Social Security in my Portfolio?

There is plenty to discuss and debate when it comes to Social Security.  Whether the program will be there for future beneficiaries, in what form, and taxed at what rate are just some of the valid questions to consider depending on your age and income level. Today’s discussion is a little different.  How should you look at Social Security as it relates to your overall retirement portfolio?  Some say that Social Security is a debt owed to you by the government and, as such, acts like a government bond.  Therefore, it should be considered… [read more]
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Now that I’m 18, you want me to do what?

(The following is from David Burleigh‘s blog dated July 14, 2014.  David is a local attorney and an expert in the areas of Family Philanthropy and Family Enterprise Strategic Planning.  He represents private business owners and their families in their business, family and personal affairs.  David is a shareholder at Cincinnati law firm Buechner, Haffer, Meyers, Koenig Co. and is a consultant for Withers Consulting Group, an international family enterprise consulting firm.) As I mentioned last time, my writings concerning governance and succession in family enterprises will appear on the Withers Consulting Group… [read more]
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