How Do You Know if Your Financial Plan is Working for You?

An effective financial strategy can help reduce stress in your life. But the question is I hear most often is, “How can I tell when my financial plan is working?” Here are some preliminary questions you can ask yourself to help you assess how your financial strategy is working for you. Will my plan work in a strong…

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Consider the “Small Stuff” in your Financial Planning…

I’m watching with pride and mixed emotions as my daughter, Brandi, gets ready to head off to college. The house is littered with stacks of clothing, bedding, towels, shelf organizers and backpacking gear Brandi thinks she’ll need. My wife has informed Brandi that NO PACKING or STACKING can take place in the living room as…

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Sneaky Expenses that can Wreck Your Budget

You may be surprised to learn that it’s not the big-ticket items that are likely to blow your budget. The real culprit is the gradual increase in your spending habits on the little, almost unnoticeable, things in life. Here are four common causes of “expense creep,” which can easily add up to more than $5,000…

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Balance Your Finances!

I hear a lot about “life balance.” But what about your financial balance? Take a look at the image of two tanks. Think about where you have the majority of your money situated.  Is it at risk for loss?  Or is it in a financial vehicle where it is protected from loss? If you can prevent…

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Losing the Race by Chasing Returns

  Throughout the last 30 or so years we have been exhorted and encouraged to place a great deal of reliance on qualified plans, such as our 401(k), to fund our retirement. Qualified plans are supposed to provide us with the income we need in retirement. It’s the approach that is embodied by the financial…

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Social Security Strategy – Don’t miss out on your benefits

Over 56 million people, or one in six Americans, receive monthly benefits from Social Security. In many instances, Social Security payments are most beneficiaries’ major source of income (National Academy of Social Insurance, 2012) Social Security is an incredibly important program because it offers you two valuable benefits: 1.  Income you cannot outlive, and 2. …

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The Core Elements of an Effective Lifetime Financial Strategy

Any financial plan based on a hoped-for return in the stock market (or any market, for that matter) is not a plan, it’s a wish. An effective lifetime financial strategy will work in strong and weak economic times and allow us to mount an effective response to changing and challenging life events. Any financial plan…

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Step Outside the Box of Conventional Thinking

Time to take inspiration from the fitness expert, Jack Lalanne. At the time, doctors advised their patients to stay away from his health club, a business totally unheard of at the time. Patients were warned that, “LaLanne was an exercise ‘nut’ whose programs would make them muscle-bound and cause severe medical problems.” It’s amazing to look…

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