Money Matters

10 Posts in this category
Posted By: CFP&WM On: Dec 21st, 2009 In: Financial planning Retirement planning

Financial Planning at My Age?

Many people do not fully understand what Financial Planning is all about in the first place so they cannot really know if they would benefit from a plan.

In a nutshell, Financial Planning is a method of achieving the type of life that you plan for. Unfortunately many people do not plan and they end up not getting what they …

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 14th, 2009 In: Estate planning Financial planning Investing Retirement planning

Consider Target Date Retirement Funds Carefully

In the last several years, numerous mutual fund companies have developed Target Date Retirement Funds (TDR) that are based on when people plan to retire. The longer away the retirement date, the more aggressive the allocation (more stocks) and it gets more conservative (more cash and bonds) as the retirement date nears.

The idea is that with one fund you

Posted By: CFP&WM On: Dec 4th, 2009 In: Financial planning Investing Retirement planning

Should I Roll My 401K to an IRA?

Ok, you have gone ahead and retired. Now you are wondering, “What should I do with my 401K; leave it where it’s at or convert to an IRA?” Unfortunately, it’s not a simple question to answer. It depends upon the choice of investments as well as the ongoing costs of the 401(k) compared to that of an IRA. Other factors

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 25th, 2009 In: Estate planning Financial planning Investing Retirement planning

NAPFA Presentations are Free and Worthwhile

There is a free offer that everyone should know about. The National Association of Personal Financial Advisors is providing free monthly educational presentations about personal finance to the public.

“The Basics of Investments” is the next presentation and will be on December 4th from 10 to 11 am. Most people have read about stocks and bonds or have heard

Posted By: CFP&WM On: Nov 23rd, 2009 In: Investing

Avoiding Family Conflicts with Your Illness or Death

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 some families never recover.

Below is a review of the documents you may need to …

Posted By: CFP&WM On: Nov 18th, 2009 In: Financial planning Investing Retirement planning

10 Tips About Buying Annuities

What are Banks, Broker Dealers and local friendly insurance salesman selling to retirees and those near retirement? The answer is Annuities.

The stock market has plummeted and people are worried about losing more. Insurance salesman (could be in a bank, or at a broker dealer) can take advantage of that fear and use it to sell the apparent benefits of …

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 13th, 2009 In: Insurance/risk mitigation

Tis the Season to Shop Medicare Drug Plans

The most important shopping you will do this holiday season is for your Medicare drug plan for next year. November 15 through December 31 is your only opportunity to sign up for the best plan for next year.

The Medicare part D program provides beneficiaries with assistance paying for prescription drugs. Unlike hospital and doctor coverage, which is provided within …