Disruption has been a very big theme for quite some time now. Marc Andreessen famously said, “Why Software is Eating the World.” And this was in 2011. Since then, well, you know, the technology sector has been on fire. With…
5 Easy Steps to Retirement
Posted in Financial Planning on April 14, 2016 1) Plan For Your Retirement Sorry for having to state the obvious. You’re not going to get to retire if you don’t plan. This is the price of admission. After all, it…
Tagged with: 401(K) Plan, Cash Reserve Fund, Connecticut Drivers, Disability Insurance, Education Funding, Financial Advisor, Financial Plan, Homeowners Insurance, Income Tax, Income Tax-Free, individual account, Investing, IRA, Pension Plan, personal umbrella policy, Roth IRA
Why Defense First Wins Your Financial Planning Game
“Offense sells tickets. Defense wins championships.” Paul “Bear” Bryant – Former Head Football Coach University of Alabama and six-time National Champions. Defense wins championships. It appears the “Bear” knew what he was talking about with six National Championships. It’s the…
Tagged with: Disability Insurance, Estate Planning, Health Care Proxy, ILIT, Life Insurance, personal umbrella policy, Power of Attorney, Risk Management, Roth IRA
5 Easy Steps to Get a Paycheck in Retirement
Playing more golf, going to the beach or spending more time with your grandchildren is how some visualize their retirement. During your working career you went to work every day to get your paycheck. Assuming you are fully retired…
Tagged with: 4% Withdrawl Rate, 401(K) Plan, Cash Reserve Fund, IRA, Pension Plan, Retirement, Retirement Plan, Roth 401(k) plan, Roth IRA, Self-Employed, Social Security, tax-deferred, Tax-Free
Control Your Destiny
When reviewing their investment portfolios, investors frequently focus on the wrong item—the rate of return. Where should you start? You should center your attention on the areas that are under your control. The Amount of Money Saved The amount of money you…
Tagged with: 401 (k) Plan, 529 Plan, Asset Allocation, Bear Market, Financial Advisor, Income Tax, Income Tax-Free, IRA, Retirement Plan, Stock Market
Mad Max Was Wrong
Mad Max 2 known as The Road Warrior was a 1981 movie that was the second installment of the Mad Max film series. The star and hero of the movie was Mel Gibson (remember him?) who played “Mad” Max. The…
Tagged with: commodities, Connecticut Water Service, Economics, Economics 101, Fed, Fracking, Interest Rates, Oil, OPEC
5 Easy Ways to Plan for the Certainty of Your Financial Uncertainty
Expect the Unexpected Expect the unexpected. When the unexpected happens, there is no do-over. There is no reset button to push. Remember, You Only Get a Mulligan in Golf. You knew that already. So why am I telling you this?…
Tagged with: 401(K) Plan, Cash Reserve Fund, Disability Insurance, Estate Planning, Financial Planning, Great Recession 2008-2009, IRA, Risk Management, Roth IRA, SEP, Term Life Insurance
The Tale of Two Unrestricted Gifts
This is tale of two unrestricted gifts made by donors when they passed away. Robert Morin Robert Morin worked as a librarian at the University of New Hampshire (“UNH”) for nearly 50 years. When he passed away…
Tagged with: Donors, Estate, Estate Planning, Financial Advisor, Manchester Community College, Manchester CT, MCC, Net-worth, QCD, Qualified Charitable Distribution, Restricted Gifts, Unrestricted Gifts
May The Odds Be Ever In Your Favor
The Hunger Games was a bestselling novel that was subsequently made into a movie. Both were awesome. The setting is one where the Capital is abundant in riches. The outlying 12 Districts are all living in poverty. Every year…
Tagged with: 401 (k) Plan, Captial Gains, Connecticut Income Tax, Connecticut Income Tax Rates, Estate Planning, Financial Planner, Financial Planning, Income Taxes, Investors, IRA, Long Term Capital Gains
What a Long, Strange Trip It’s Been
Has it ever. Now that the Presidential Election is over many are left scratching their heads. President Elect Donald Trump will be sworn in as the 45th President of the United States on January 20, 2017. Very few pundits predicted…
Tagged with: Brexit, Dow Jones Industrial Average, Federal Deficit, Federal Reserve Board, Great Recession 2008-2009, Interest Rates, Lehman Brothers, Prime Interest Rate, Quantitative Easing, The Great Recession
