In the news

10 Posts in this category
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: Mar 19th, 2010 In: In the news Money Matters

Fundamentals of Financial Planning for the Over-50 Crowd

Senior Spectrum – February 23, 2010

The field of financial planning is relatively new and has existed for just the past generation. As a result there’s many uncertainties, mysteries and confusion about what it is, where’s the best place to go for it and why financial planning is important.

Financial planning is not an event but rather the process. Financial …

Posted By: CFP&WM On: Mar 17th, 2010 In: In the news Money Matters

Five Different Flavors of Income Tax

Senior Spectrum – March 16, 2010

As a teenager I worked in an ice cream store. There were 31 flavors, so I think you know the store in which I worked. The good thing about ice cream is all the flavors are good. The problem with taxes is some flavors are better than others.

The first flavor that we are …

Posted By: CFP&WM On: Mar 15th, 2010 In: In the news Money Matters

Busting Financial Myths

Senior Spectrum – March 9, 2010

Perhaps you have seen the television show “Myth Busters”. The two stars of the program go about proving whether myths are true or not. Unfortunately there are many financial myths as well. Perhaps this article will help to disprove some of them.

  1. Dollar Cost Averaging will increase my return. Sorry folks, dollar cost averaging
Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum September 8, 2009

Avoid Problems When Lending Money to Family

It can happen at any time. Your child or grandchild describes to you a financial predicament they are in and then asks you for a loan. The reasons can be varied — the purchase of a home, schooling costs, job layoff, health problems or to decrease credit card debt.

Regardless of the reason, …

Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum June 30, 2009

Your Money Matters
Avoiding Family Conflicts with Your Illness or Death.
By Michael Chamberlain, CFP

Conflict and arguing within the family is the last thing anyone wants to have happen. Unfortunately, many people fail to have the proper estate planning documents so at the time of serious illness or death there is uncertainty, which creates discourse and strife from which …

Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum June 23, 2009

Your Money Matters
10 Tips for These Difficult Economic Times
by Michael Chamberlain CFP

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 …

Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum July 7, 2009

Your Money Matters
Tips for a More Successful Retirement
By Michael Chamberlain, CFP

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 the others were gone, a retired teacher approached me and …

Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum – July 28, 2009

Protect Yourself From Investment Fraud

The media are full of stories about investment fraud and sales abuse. Wells Fargo was sued by the State of California for selling investments that were not as safe as they reported. Bank of America was sued for its involvement in a Ponzi scheme. Ameriprise paid a fine for selling products unsuited to clients’ retirement …

Posted By: CFP&WM On: Feb 22nd, 2010 In: In the news

Senior Spectrum August 25, 2009

Your Money Matters
Should I Rollover My 401(k) to an IRA?

By Michael Chamberlain, CFP

OK, so you have gone ahead and retired. Now you are wondering, “What should I do with my 401(k); leave it where it’s at or convert to an IRA?

Unfortunately, it’s not a simple question to answer. It depends upon your choice of investments as …