Money Matters

10 Posts in this category
Posted By: CFP&WM On: Jan 5th, 2011 In: Money Matters

Do Your Finances Need a New Years Resolution?

Most New Year’s resolutions are often about exercising more and or eating better in order to lose weight or get fit. It is easy to jump on the scale and see we gained a few pounds, or that the belt needs to be let out two holes compared to last year and a change is in order.

For other parts

Posted By: CFP&WM On: Jan 3rd, 2011 In: Money Matters

Americas New Retirement Reality: Decreased Retirement Expectations

Americans are more pessimistic about their future retirement than in the past.

Due to the weak economy, high unemployment, market volatility, national debt, the underfunding of Medicare and Social Security, and the decline in the use of traditional pensions, Americans are coming to understand the new reality of retirement. “We will not have the income for the retirement dreams we

Posted By: CFP&WM On: Oct 22nd, 2010 In: Money Matters

Think Twice About Buying Gold

It’s hard not to notice that gold is over the $1,300 an ounce when newspapers, TV and Internet remind us of it on a weekly basis. The reason for the increase in gold price is fear. The fear of chronic government deficits, risk of recession, risk of inflation, as well as the devaluation of our currency compared to that of

Posted By: CFP&WM On: Oct 13th, 2010 In: Money Matters

What Type of Investor are You?

The other day, my five-year old granddaughter asked me, “Grandpa, if you could be an animal what would you be?” It was fun talking with her about all the possibilities.

As a Registered Investment Advisor and financial planner working with a wide variety of clients, the question made me think that there are different types of investors who seem to

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

Big Fight in Washington: Fiduciary vs. Suitability

When the term “Big Fight” is used, many people think of Ali vs. Frazier, Lewis vs. Scheming or Holyfield vs. Tyson. Right now in Washington a much bigger fight is being hammered out in the Securities and Exchange Commission (SEC) as to how stockbrokers and possibly insurance agents will be required to treat clients in the future.

The SEC has

Posted By: CFP&WM On: Oct 1st, 2010 In: Money Matters

What to do with Your 401K Now

You made a great decision in participating in the 401K plan with your former employer. Now that you are retired, laid off, or you changed jobs, you need to determine where the best place for those funds is. Your choices are:

  • Move them to your new employer’s 401K plan
  • Move them to an Individual Retirement Account (IRA)
  • Take the funds
Posted By: CFP&WM On: Sep 27th, 2010 In: Money Matters

American’s Facing Multi-Million Dollar Retirement Shortage

Americans will be facing a multi-trillion dollar shortage in their retirement savings if they plan on keeping their standard of living when they retire, according to a study conducted by Retirement USA, an advocacy group.

Retirement USA had the research conducted by the Center for Retirement Research at Boston College. They determined that it would take $6,600,000,000,000 or about $90,000

Posted By: CFP&WM On: Sep 13th, 2010 In: Money Matters

Not Enough Time or Money? Here’s One Answer

“I don’t have enough time or enough money,” are two common statements that I hear from clients as a financial planner. There is one change you can make that will help in both of these areas at the same time.

Keep in mind the following facts:

  1. The average digital cable customer pays almost $75 a month, according to the research
Posted By: CFP&WM On: Sep 1st, 2010 In: Money Matters

Medicare Part D Drug Plans to be Modified 2011

Medicare plans to try and make Medicare Part D Drug plan choices easier in 2011 by eliminating many duplicate programs. As a result some experts estimate 3 million seniors having to switch plans simply because their current plan will be eliminated.

Reducing the number of Medicare drug plans has been a goal for consumer advocates. This year nearly 1600 plans, …

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 …