Category Archives: Budgeting

How To Stop Worrying And Love Market Volatility

Karl Kaufman “Buy the ticket, take the ride,” wrote Hunter S. Thompson in his classic book Fear and Loathing in Las Vegas. Equity investors have been on a bumpy ride this month as volatility, lying dormant for what seems like an eternity, returned to the market in force. Wild swings in the Dow — thousand point drops followed by triple digit gains followed by drops and then gains — erased much of January’s returns and… Read More »

Trusts Have Changed: Time To Re-Engineer Your Estate Plan

by Ashlea Ebeling The federal tax overhaul just doubled the amount of wealth you can pass to heirs estate-tax-free–without using any trusts or planning gimmicks. Yet rather than looking for a new specialty, top trust lawyers are positively giddy about the opportunities created by the law President Trump signed three days before Christmas. The letter of the law allows slightly more than $11 million per person to be passed to kids or other noncharitable heirs… Read More »

Teaching Financial Literacy to Tweens: Saving For Short- and Long-Term Goals

Jean Folger Sometimes we have to delay spending to save for larger purchases. This can be difficult for some younger kids who might be anxious to buy something now. Saving for short-term and long-term spending goals is an important money management skill and an excellent way for tweens to decide which purchases are really important to them. While saving for short-term goals, such as a new video game, may take only a couple of weeks,… Read More »

What Fiduciary Advice Is Worth To Your Portfolio

David Rae, CFP®, AIF® The Vanguard Group recently tried to quantify the value of professional financial advice. They determined that even the most basic financial advice is significant. According to Vanguard, an average financial advisor may be able to boost a client’s portfolio by as much as 3.75% per year over time. They call it Advisor Alpha. In layman’s terms, this means “the value of an advisor to your bottom line.” While 3.75% may sound… Read More »