Take the Money and Run?

I just got a surprise in the mail. My first employer has offered to send me a check for $28,205.97 to buy out my pension. Should I accept the offer?! One of the big financial decisions many people need to make is whether to take a lump sum payment from… Read More

George’s 3 Questions

As a financial planner, I’m trained to ask you about your goals.  Goals are a big deal in financial planning, as everything flows from there. But when I just come out and ask new clients “what are your goals?,” sometimes I get the feeling that I’m getting a “surface” answer… Read More

Location, Location, Location?

The oldest adage in real estate investing is “Location, Location, Location.” (I learned this lesson the hard way.  I sold my beach front condo for $200,000 and then watched it zoom up in value to $1 million. But that’s a story for another day.) While location may be incredibly important… Read More

Now’s the Time to Go Global

If you’re like most investors, about 20-25% of your equity allocation is invested in international stocks. And you probably think that’s enough. I believe it should be more like 40-50%. Don’t You Want Your Fair Share? It turns out that stocks of companies outside the US make up 55% of… Read More

My Ideal Client

Financial advisors are encouraged to identify who their “ideal client” is. The idea is that it’s just impossible for a financial advisor to be effective if he or she serves a wide variety of different types of clients. There’s just too much to know. When you look for a financial… Read More

I Found Out My Wife Was Pregnant, Then I Sent Utah $140K

When my wife told me she was pregnant with our first child, I was excited and nervous. Like any father-to-be I guess. But then I did something that would seem unusual to most people. I wrote the state of Utah a check for $140,000. We lived in Virginia at the… Read More

My Second Favorite Mutual Fund Company

I’ll never forget the train ride from Washington, DC to Stamford, CT when I was about 12 years old. My mother and I were on our way to spend Thanksgiving with my grandparents. For some reason, my mother started telling me about IRA’s and the power of tax-free compounding (Thanks,… Read More

A Better Approach To Your Wealth Management

By now you’ve likely heard the term “wealth management.” And if you’re like most people, you probably assume that it’s an investment management service for rich people. And it’s true. A lot of money managers that target the affluent call themselves “wealth managers.” So we associate the term with something… Read More

The 3 Big Problems with Incentivized Financial Management

The small green leaf of the Butterwort plant looks harmless enough. Tiny water droplets on the leaf actually make it look downright succulent to insects passing by. Except those aren’t water droplets. They’re deadly secretions from the plant’s leaf. It turns out the Butterwort is carnivorous. It’s a meat eating plant. Read More