Category Archives: Financial Planning

Financial Stress Rings in the New Year

A December survey by the National Endowment for Financial Education® (NEFE) finds more than two thirds (68 percent) of U.S. adults will make a financial New Year’s resolution for 2017. Saving money (53 percent) tops the list, followed by managing … Continue Reading

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Budgeting Tips Worth Sharing

Budgets, or the more palatable term “spending plans,” provide structure and can make your financial life less stressful. With students going back to college and college graduates beginning their careers, it’s a good time to review sometime-tested budgeting tips parents … Continue Reading

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More Parents are Supporting Adult Children

Reopening the Bank of Mom and Dad, to Help Adult Children by Constance Gustke details the now familiar story of adult children who, although graduated from college, still rely on their parents for support. To be sure, the economy of … Continue Reading

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Can Planning Increase One’s Happiness?

I hope you enjoyed a happy and safe Independence Day holiday and weekend with family and friends! Have you thought about your independence and what assures your future happiness? Northwestern Mutual’s 2014 Planning and Progress Study found that the more discipline individuals bring … Continue Reading

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Data Gathering vs. Discovery

An interesting article by advisor Roy Diliberto, “Data Gathering vs. Discovery,” gets to the heart of how advisors can distinguish themselves in a competitive marketplace. Obviously, data gathering is 100% quantitative and provides the basic financial information we need to … Continue Reading

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How Do You Define Wealthy?

Respondents to the UBS Wealth Management Americas Investor Watch survey defined what it is to be “wealthy” not as having a particular amount of money, but as having a “lack of financial constraints.” The findings were based on a survey … Continue Reading

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What Do Millionaires Regret?

I recently read an interesting article that discussed millionaires’ number one financial regret. A poll conducted by the deVere Group found that failing to put in place a regularly reviewed personal financial plan earlier in life was the top regret … Continue Reading

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Does the Pope Need Financial Advice?

Saving for retirement is hard work – and that’s why it helps to have a good laugh about it every once in a while. A few weeks ago “Saturday Night Live” capitalized on Pope Benedict XVI’s resignation from the Vatican … Continue Reading

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A Consultative Financial Advisor

There are a variety of characteristics a successful client-advisor relationship should have. Chief among them is that the relationship must be consultative. In my practice, that involves much more than simply working together with clients in an open and honest … Continue Reading

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Know How Your Advisor Gets Paid

Know what you are paying for; and know how your advisor gets paid. Amazingly, studies continue to show that many clients of financial advisors have no idea how they pay for the financial advice they receive. That’s certainly not how we … Continue Reading

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