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? […]

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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 […]

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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” […]

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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 […]

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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 […]

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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!

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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 […]

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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 […]

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globl stocks

Some Of What You Know About Investing … Is Wrong?

Funny how some of those truisms about investing turn out to be not so true. And some things that look so wrong turn out to be so right. Case in point.  Investing in Europe now is a really bad idea, right? Why would anyone invest in Europe with the sad state of the European economy? […]

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The Lowdown On Reverse Mortgages

Talk about having your cake and eating it too. Would you like to get a load of cash for your house but still stay in it and live rent-free? That’s what reverse mortgages sound like to a lot of people. But are they as appealing and risk-free as they sound? “While reverse mortgages are increasingly […]

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