General info

10 Posts in this category
Posted By: CFP&WM On: Oct 18th, 2013 In: General info Money Matters

8 Tips to Prevent Financial Loss

It’s been said that crooks are ingenious in the ways that they exploit opportunities. The real problem is that many people provide those opportunities on a regular basis without knowing. The trick is to be less cavalier, less predictable, more thoughtful and ever vigilant to thwart those who would do you financial harm.  It is not normal for you to …

Posted By: CFP&WM On: Feb 27th, 2013 In: General info Money Matters Taxes

Claiming a Home Office Deduction? It’s Much Easier This Year, Here’s How

Ever since the inception of the Internet, home offices have been growing by leaps and bounds; by one estimate more than three million taxpayers can make that claim. While there are any number of benefits to having a home office, one irksome negative was the burden involved in substantiating the home office deduction and the Internal Revenue Service’s complicated and …

Posted By: CFP&WM On: Feb 22nd, 2010 In: General info Money Matters

The “Best” Online Broker Dealer

Determining which online broker dealer is best is not an easy task because it depends on what services are most important to you.

Originally there was only full-service brokerages like Dean Witter, Merrill Lynch and Smith Barney. Their fees and commissions were high but that was the only way to trade stocks and bonds. Then came the development of the …

Posted By: CFP&WM On: Jan 20th, 2010 In: Financial planning General info Investing

California Dept. of Corporations Has "Must Read" Publication

In over 25 years for helping people to preserve, protect and grow their assets, many publications have crossed my desk. All were designed to help those approaching or in retirement. Perhaps the best one ever is from the Ca Dept of Corporations and is free. “Protect Yourself from Fraud” is easy to read, well written covers a large variety of …

Posted By: CFP&WM On: Jan 13th, 2010 In: Financial planning General info

The Difference Between “Saving” and “Investing”

As a financial planner, I work with clients of all ages and income levels. The basis of good financial planning is great communication between the clients and the planner. Clients are always encouraged to ask any question that pops into their mind. Recently, a young newlywed who is expecting her first baby was in the office and said: I have

Posted By: CFP&WM On: Dec 17th, 2009 In: General info Investing

Legislature Protects Investors? NOT!

Congress is reportedly attempting to improve the safeguards for the investing public. Sweeping financial services reform legislation was approved last week in the House of Representatives. But there were some evidently last minute changes inserted into the bill by lobbyists to benefit big Wall Street Broker Dealers such as Charles Schwab.

Registered Investment Advisors give investment advice and they have

Posted By: CFP&WM On: Dec 2nd, 2009 In: Financial planning General info Retirement planning

Tips for a more successful retirement

At a recent meeting of retirees, a presentation of the “10 biggest retirement planning mistakes” was given. There were many questions and much discussion. Everyone left having a few pearls of wisdom to take home. When all others were gone, a retired teacher approached me and said “Mike, I learned a lot but having been a teacher for many years, …

Posted By: CFP&WM On: Nov 16th, 2009 In: Cash-flow budgeting Financial planning General info Investing Retirement planning

10 Tips for These Difficult Economic Times

The recent economic changes impact everyone and particularly those who are retired. Whether it is a drop in value of your retirement account or a decrease in interest rates at the banks, everyone has noticed.

The question is what can retirees do now to shore up their finances? Some things are fairly obvious, such as delaying a vacation, going …

Posted By: CFP&WM On: Nov 11th, 2009 In: General info

Words of Wisdom Still Apply

John F. Kennedy asked of his fellow Americans in his inaugural speech: Ask not what your country can do for you – ask what you can do for your country. This is perhaps more appropriate now then it was when he said it almost 50 years ago.

Currently this country is in a sad state of affairs. Housing prices have

Posted By: CFP&WM On: Nov 4th, 2009 In: General info

Residential real estate may not be at the bottom

Newspapers have reported increasing house sales during several of the last few months. Real estate industry has taken this as a sign that we are at the bottom of the housing market and that things are improving.

Some experts feel this is more of a mirage than the real bottom. Real estate prices are dependent upon supply and demand. There …