10 Warning Signs Your Investment Advisor Is Leading You Astray

You know the old joke. How can you tell when a politician is lying? Their lips are moving. Of course, this isn't true of every politician—is it? But it should be a warning to exercise a rational level of skepticism when listening to the practiced words of those schooled in convincing others for a living.… Continue reading>

Sleeping And TV—How Retirees Spend Their Time?

A recent study published in The Journal of Financial Planning indicates that life in retirement includes plenty of “inexpensive leisure”. “How Retirees Spend Their Time: Helping Clients Set Realistic Income Goals” looked at the top 20 activities of middle and high-income retirees (age 50+ with at least $60,000 in household income). The research indicates that… Continue reading>

It’s Not About The Goal: How Financial Planning Has It All Wrong

Alice and John said that their goal was to travel in retirement. They laid out detailed trips to exotic locations, opportunities to explore and soak in new cultures and customs. It was clearly very high on their list. After they finished waxing poetic on their various dream destinations, we started to talk about their three… Continue reading>

From 2D to 3D: Adding The Human Dimension to Financial Planning

A typical financial plan is two-dimensional: assets minus debt = net worth. Income less expenses = surplus or deficit. All projected out into the future to discover whether a plan can work (or not). But no matter how complex and conservative the modeling, it’s all guesswork until you factor in the missing link that leads… Continue reading>

Sending Your Kids Off To College (Ready or Not)

Walking through the airport in mid-August, I was surrounded by swarms of families saying their goodbyes as their teenagers embarked for their freshman college experience. Lingering hugs and tears—parents sending kids off to their next chapter, with lots of fears, hopes and unknowns ahead. I could empathize with them (been there, done that.) It's a… Continue reading>