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Are You Emotionally Prepared To Retire?

Virtually everyone that comes to our firm looking for retirement planning help is focused on the financial aspects. The number one question is usually, “Will I have enough money to be able to do all the things I want to do as a retiree?” Being prepared financially, however, is not the same as being prepared…
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How Many Pages Of Regulations Does It Take To Create A Loophole?

I’ll start with the answer: 771 pages. That’s the size of the new “Regulation Best Interest: The Broker-Dealer Standard of Conduct” rule just approved by the SEC. Why did the SEC feel we needed this legislation? It’s a long story. After the 1929 collapse of the U.S. stock market and the subsequent Great Depression of…
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How Not To Compare An Annuity To A Bond

My elderly uncle is convinced that annuities are better than bonds because the annuity will not only pay more on a monthly basis than a similar bond investment but would also keep paying over the remainder of his lifetime. While that’s true, it doesn’t tell the whole story. I’m writing this article to share a…
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The Ramifications of Regret

How many times have you taken some action only to regret it afterwards? In the world of financial decision-making this happens all the time. Sometimes it’s regretting the purchase of some investment whose value subsequently drops. Possibly it’s regretting not having purchased some investment which your neighbor has been bragging about having made a killing…
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Three Consequences of Extended Longevity

My 80-year old uncle used to laugh off warnings from family members about taking better care of himself. “After all,” he’d joke, “I can’t die young.” He ultimately passed away at age 85 from cancer but I’m sure would not have regretted the quality of the long life that he’d enjoyed. Excepting perhaps those of…
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Why Would You Want to Beat the Market?

I attended a large foundation’s investment committee meeting the other day to learn about their investment strategy. One of the managers they utilize for large cap U.S. stock investments was there to talk about their methodology for achieving better returns over time than standard market benchmarks such as the S&P 500. In brief, they explained…
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