The latest numbers are out and the Case Shiller Home price index is up 11%, a level not seen since previous to the Great Financial Crisis of 07-08. All of us remember how crazy that time was and if we were not owners ourselves at the time we knew…
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Fighting Ourselves, How to Avoid Bias in Our Investment Decisions
Should we buy that stock we hear about on the news? Should we sell that mutual fund that has done well for us in the past? Am I going to be able to reach my goals if I do not do what Bob & Sally told me…
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Can You Make a Deductible Traditional IRA Contribution?
Oftentimes, I have many clients come to me and ask, “Can I make a deductible Traditional IRA contribution?” Since this is a common question, I decided to tackle it in this week’s blog post. The following will provide you insights on whether you can or cannot make…
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13 Money Mistakes and How to Avoid Them
In my 45 years on this earth, I have made more than my share of mistakes, financial and otherwise. If the learning style tests, I have taken over the years are to be believed I am an experiential learner. I am the person that can’t just be…
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Which Financial Path is Right for You?
If I were to ask you, “Which strategy is best for your financial plan?” Would you know the answer? Would you think that there is just one right answer that made sense for everybody? Oftentimes when I read financial articles on the internet, I will see the…
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When is Enough, Enough?
We have all seen those commercials that ask us what is our number? That number in the bank account that we think will make us happy. We tell ourselves “If only I can make X per year I will be set” But, whatever it is,…
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Should I Contribute to My Roth 401k
I’m going to walk through a quick process that I use to help our clients understand whether or not they should contribute to a Roth 401k. Step 1: Do you expect your future effective tax rates to be the same or higher than the current rates? If the answer is…
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Rich vs Wealthy
Rich and wealthy, two words that many people use interchangeably but mean vastly different things. Being rich means you have a lot of money coming in, but it does not mean you are wealthy. Being wealthy is not only having enough money to meet your needs but being able to afford not to work…
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Little Known Facts About Planning for your Future
There is a belief that we should know exactly how to plan out our finances for the future. We should know exactly what it’s going to take to be able to pay for the lifestyle that we want in retirement. A retirement that now likely lasts into our…
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Who Else Wants to Know if We Are in a Bubble and What to do About it?
A question that has come up often in recent conversations is, are we in a bubble? It has often been said that asset bubbles can’t be identified except in hindsight. I don’t totally agree. I do know that bubbles can continue to inflate for months or years after…
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