Monthly Archives

August 2016
Posted By: CFP&WM On: Aug 22nd, 2016 In: Money Matters Comments: 0

For Before You Get Married, Financial “To Do List”

For a variety of reasons, far too many marriages end in divorce. Relationship counselor Peter Saddington says that money issues are the number one cause of divorce and according to a survey of Certified Divorce Financial Analyst® professionals, money issues are the third leading cause of divorce.

No matter where “money issues “ falls on the list of primary causes …

Posted By: CFP&WM On: Aug 27th, 2015 In: Financial planning In the news Investing Money Matters Retirement planning Comments: 0

14 Ways to Fail at Investing, and 5 Steps for Success

*Published on NerdWallet

There are many reasons why people don’t succeed in investing. Whether it’s information overload, impatience, a lack of necessary tools or simple bad luck, plenty of things can derail a good plan.

In most cases, though, it’s the investor who’s responsible for his or her own failure. We make decisions based on emotions and character traits that …

Posted By: CFP&WM On: Aug 19th, 2015 In: Money Matters Comments: 0

How Gender Differences Can Affect Your Investments

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*Published on Nerdwallet 

With investing, it’s a fact that the better you know yourself, the more likely you are to get better results. That’s why it helps to understand gender-based (some might say gender-biased) investing tendencies.

Let me explain first that “gender-based” is a bit of a misnomer. Though we can see differences along gender lines, …

Posted By: CFP&WM On: Aug 11th, 2015 In: Money Matters Comments: 0

Estate Planning is the Ultimate Gift for Adult Kids

By Michael Chamberlain

*Published on NerdWallet

Your adult child’s birthday is coming up, and you’re experiencing the annual quandary: What will I give this year? Let me suggest a gift your kids would never, ever think of getting for themselves, but which could possibly even save their lives.

The gift: estate planning documents. That’s right: an advanced health care directive, …

Posted By: CFP&WM On: Aug 29th, 2013 In: Insurance/risk mitigation Money Matters

California Health Care Change 2014

With the full implementation of the Affordable Care Act (ObamaCare) taking place on January 1, 2014, everyone with individual health coverage should be aware there of the 3 options that you will have starting very soon.

Having 3 options reminds me of the game show “Let’s Make a Deal”. The host gives the participants 3 choices of what is behind …

Posted By: CFP&WM On: Aug 28th, 2013 In: Beware - Horror stories Financial planning Investing Money Matters

Angie’s List: Off Base Advice on Financial Planners

Angie’s List (ANGI) is a much advertised method of reviewing recommendations of other individuals as to their “personal” experiences when dealing with a variety of trades and professions, which include contractors, doctors and financial advisors.

I have no experience with Angie’s List personally but I did run across a 2009 blog quoting Angie entitled, “Hiring a Financial Planner: Angie’s List …

Posted By: CFP&WM On: Aug 27th, 2012 In: Money Matters

Is Your Financial Advisor Treating You Fairly

In these days of the Facebook investment scandal, Ponzi Schemes, Financial Fraud, Hot Investment tips, and Wall Street Toxicity how are you to be sure that you are protected to the highest legal standard from financial abuse?

It makes no difference if you do business with Morgan Stanly Smith Barney, Merrill Lynch, LPL Financial, Wells Fargo Advisors, …

Posted By: CFP&WM On: Aug 13th, 2012 In: Money Matters

Wall Street’s Self-Regulator Wants More Power And That’s Bad News For The Public

Wall Street‘s self-regulating agency wants to increase its power over more financial advisory firms.

Financial Industry Regulatory Authority’s (FINRA) currently performs financial regulation of member brokerage firms and their employees but now with the endorsement of politicians like Rep. Spencer Bachus it’s pushing to regulate Registered Investment Advisors (RIAs) which are currently regulated directly by the Federal and State …

Posted By: CFP&WM On: Aug 8th, 2011 In: Money Matters

A Basic Guide to Americas Most Common Income Taxes

As a teenager I worked in an ice cream store. There were 31 flavors, so I think you know which store in which I worked. My problem with ice cream is I like all the flavors. That is not the case with the different flavors of income tax.

The most common flavor of income tax is Fully Taxable. The sources …

Posted By: CFP&WM On: Aug 11th, 2010 In: Money Matters

Morningstar: The Best Predictor of Mutual Fund Performance is…

Many investors will be surprised to learn that the best predictor of a mutual fund’s future success is not investment manager selection, market timing, sector rotation or fundamental analysis – it is low fees.

Morningstar Inc. published an article this week showing the results of their recent study where they found that an investor using low fees as a guide …