Financial Planning

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What Nobody Told You About Alimony Income and Saving For Retirement

  Are you recently or long divorced and receiving alimony? Is alimony your only income source? Are you worried that you won’t be able to contribute to an IRA and save for retirement because you don’t have any “qualifying income”? If you’ve looked into the rules for IRAs at all you’ve probably run into that [...]

Should I Own Rental Real Estate? What Do I Need to Know?

  One of the questions I’m often asked is if a client should buy rental real estate as an investment. As with most investments, the answer is “it depends”. There’s no question that buying and holding real estate can be a great way to accumulate and build wealth over time. Many fortunes have been built using this [...]

What is a QDRO? How Does it Work? Who Needs One?

  When people divorce, separating finances can get complicated. And if you’re getting divorced and your spouse has a company retirement plan, you will no doubt hear the term “quad dro” or QDRO. What exactly is a QDRO? It’s an acronym for Qualified Domestic Relations Order which is a document that you will need to [...]

The Myth That “Everyone Needs a Financial Plan”

  Ever try to talk to an advisor and the first thing they want to do is a “comprehensive” written financial plan? The pitch sounds good, and it’s almost always the same. You need a “road map” to know where you’re going, you need to “set goals”, you need to pay a fee to [...]

What Goes In My Living Trust?

  One of the questions I’m often asked by people who own trust is, “what belongs in my trust?” or “what assets should be registered in a trust?” What is a living trust? It is a written legal document that partially substitutes for a will. With a living trust, your assets are put into the [...]

Investor Mistakes: Are You Making These 7 Common Mistakes

Investing for your current financial situation and your future can be complicated which can lead to many people making mistakes. Here's a list of some of the most common investment mistakes. 1. Lack of Proper Diversification As famed investor John Templeton once said, “The only investors who shouldn’t diversify are those who are right [...]