lawn chairs

Test Your Knowledge: How Long Must Your Funds Last in Retirement?

Are you on track to get an “A+” in retirement, or do you risk flunking out? Here’s a deceptively simple question posed to working Americans in the New Retirement Mindscape II survey sponsored by Ameriprise Financial: How many years do you estimate you’ll live on your retirement savings? Answer: A).  15 years B).  20 years C).  25 years D).  30 […]

Read full story Comments { 0 }
financial_media

In The News

We actively participate in a variety of media projects with the goal of helping clients and consumers learn more about financial issues. Here are some of the recent articles to which we contributed (for a full listing, please visit our website): Sun-Sentinel, Donna Gehrke-White, August 12, 2012, “Some boomers to their mortgage: ‘Til death do us […]

Read full story Comments { 0 }
uncle sam

Five Things You Need To Know About Your IRA’s “Required Minimum Distribution”

It’s the kind of subject that makes most people’s eyes glaze over. But those pesky little “required minimum distributions,” or RMDs, aren’t really that complicated, and they are truly of critical importance.  Mess one up and the IRS will charge you a whopping 50% penalty. Here’s five things you really ought to know about your RMDs. 1.  What are they? […]

Read full story Comments { 1 }
college cost

Boomers Shifting Cost Of College To Kids

Among our clients, even the well-off are cutting back on what they are willing to shell out for college. This isn’t because parents or financial planners like us have lost faith in the power of higher education. In fact, since our doors first opened for business almost twenty years ago, we have never stopped stressing the critical […]

Read full story Comments { 0 }
presidential election 2012

Millionaires Say Next President Needs “Financial” Not “Political” Skills

Here’s an intriguing study from the Spectrem Group, a consulting group specializing in opinion surveys of affluent individuals. More than half the millionaires surveyed by the Spectrem Group in July 2012 said the most important skills needed by the next President of the United States are the “financial skills that come from a corporate executive background.” Only 30% ranked “political skills” […]

Read full story Comments { 0 }
Zero Rates

Quote Of The Week: It Takes 1,400 Years To Double Money in Money Market Accounts

“Based on the prevailing yields, it will take more than 1,400 years for an investment in a money market fund to double.” Reshma Kapadia, SmartMoney magazine Financial Tip:  With today’s ultra-low rates, it’s best to hold no more cash than what you truly require for emergency or short-term needs. You’re losing money on cash once taxes […]

Read full story Comments { 0 }
Black Mortarboard and dollar

Affluent Parents “Leaving Money On The Table” When Paying For College

“Affluent parents are leaving money on the table” when it comes to paying for college, says research by investment firm Legg Mason. The main reasons? Parents neglect getting informed guidance from those who can help them, like their financial advisors, and make many planning mistakes, including failing to take advantage of tax-favored programs like 529 plans. Legg Mason’s 2012 Intergenerational Survey of College Finances documents how […]

Read full story Comments { 1 }
iphone-home-screenshot

Access Your Schwab Accounts On The Go

Now our clients can access Schwab information anytime, anywhere. Stay connected to your money with Schwab Mobile apps, and get up-to-the-minute account information and mobile check deposit features, using your Android, iPhone, iPad, or Kindle Fire device. Ready to connect?  Just visit the Schwab Mobile website or call our office for more information!

Read full story Comments { 0 }
mother and adult daughter

Parents – At 34, Your Daughters Are Already Behind!

Parents, you undoubtedly want the best for your children. But did you know that by age 34, your daughter may already be losing the race for financial security, so far behind she may never catch up? The sobering reality By age 34, young women are already behind, having accumulated retirement savings worth only 64% of that accumulated by young men. How […]

Read full story Comments { 1 }
social security

Quote of the Week: Waiting To Take Social Security Benefits Often “Best Thing” You Can Do

“If you’re fortunate enough to be able to work longer and you don’t hate your job, waiting to claim Social Security is one of the best things you can do to improve your retirement security.” Richard Johnson, Urban Institute retirement expert, as quoted in Money magazine, August 2012. Financial Tip:  The message is getting out that it is often better […]

Read full story Comments { 0 }