Year: 2016

In doing an estate planning review for a client recently, the subject came up of whether their three children should inherit his substantial IRA outright versus going to them in a trust.  This is actually a pretty sophisticated question since trusts for IRAs are fairly rare.  For context, let’s review the nature and characteristics of […]

Reader Question:  I have about $280,000 in a 401k and plan on retiring in August of this year. I will need to use some of this money to supplement my retirement. What would you suggest I roll it into? Answer:  Let’s discuss three options: Leave your retirement money with your soon-to-be ex-employer. Some people choose […]

I often hear people say, “You go to college to get an education.”  I’d say a more accurate statement is, “You go to college to prepare you to get a (good) job!”  Too many parents and students miss the subtle yet profound difference in these two statements.  Let’s think about this for a moment.  Does […]

Last week, I outlined six smart moves including the concept of avoiding ‘bad debt’.  If you missed it, visit ‘Stewart’s Commentary’ under the Resource Center at Welchgroup.com. Here are the remaining six smart moves: Avoid bad debt around owning a car. I once had someone tell me, “I thought you always had a car payment!”  […]

As I reflect back on my college years I mainly remember how much fun it was and then once I entered the ‘real world’ feeling a bit shocked at the reality of it all.  There is definitely a feeling of leaving one world and entering another completely different one.  I also remember receiving very little […]

In last week’s column, I discussed seven tips for having a winning job interview.  Once you’ve got that new job, here are the six habits for becoming a super star employee: “Lights on…lights off”.  Before I started my first job, my father gave me this advice, “How you conduct yourself in the first six months […]

Hundreds of thousands of students will soon graduate from high schools and colleges across the nation and will seek either summer or full-time jobs.  It’s no secret that the job market continues to be very tight, especially for first-time job seekers.  In many cases, you’ll have only one shot at making a great impression.  Here […]

Soon, thousands of college students across America will be graduating and seeking employment.  Soon afterwards, the government will come knocking on their doors asking them to begin making payments on their student loan debt.  As most people are well aware, the job market for graduates remains tight with many graduates having to settle for lower […]

Legendary musician, Prince, recently died suddenly at age 57.  Prince had a reputation as a meticulous businessman and had accumulated an estate worth $300 million.  It’s inconceivable that he would never take the time to draw a last will and testament, but that’s exactly what happened.  My best guess is that as a result, his […]

You’ll likely spend approximately one-third of your life living out your retirement years so you want it to be a great experience.  Having no money or little income is not my idea of a pleasant experience.  Here are five strategies to help boost your retirement income: Trifecta Investing Strategy. If you fall into the twenty, […]