Emotions Can Ruin Even The Best Financial Plans

By: Ian Maddox, CRPS®

Letting emotions control our financial plans might not yield the outcome we hope for in the long-term.  The late Jim Morrison (The Doors) once said, “I think of myself as an intelligent, sensitive human being with the soul of a clown, which always forces me to blow it at the most important moments.” Morrison got it right.  One of the things that makes us human—the ability to experience complex emotions—can also be our unraveling. Read more

How Big Should My Retirement “Nestegg” be?

By Richard Hitchcock CFP®

 OK, so you don’t count your chickens before they hatch… but looking ahead, how much will you need to save for retirement?  

Of all the questions surrounding retirement planning, the question most often asked is “How much will I need to save?”  Let’s talk about several factors that should help answer your question.

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Don’t be intimidated: Talk To Your Kids About Money

By: Ian Maddox, CRPS®

Although retirement means you’re done working and can enjoy the fruits of your labor, ask yourself one question: Would you want your kids to enjoy it too? Most retirees tussle with the decision to leave their children money after they’ve passed on. You know what they say, “You can’t take it with you.” Saving for retirement always has its perks. You get to enjoy your earnings, see all of your hard work pay off, and do some of that much needed traveling you’ve always wanted to do.   Read more

Solving The Investment Account Puzzle: ROTH, Traditional, 401(k), Taxable—Arggh!

By:  Richard Hitchcock CFP®

When it comes to investing and trying to save for the future, consider how the normal family goes about it.  At first, there is usually a major effort to open a savings account at a bank or credit union (almost always just cash). After that mile stone is accomplished, then comes an IRA with a small yearly contribution. At work, a 401(k) (or something similar) is opened. Then, the contributions are put in with some available investments chosen, maybe, by talking to fellow employees.   Read more