Year: 2019

What If I Live to Age 100?

Just for fun, let’s begin with a bit of history.  Five thousand years ago, life expectancy was 18 years.  By the 1900s, life expectancy had risen to age 47.  Today, it’s age 79 and continues to rise.  What’s more shocking is that demographers predict children born in 2000 will, on average, live to age 100 […]

My Child Just Graduated from College…Now What?

It is certainly a proud moment in a parent’s life when their child graduates from college.  And proud you should be.  Research indicates that college graduates earn in excess of $1 million more over their careers than non-graduates.  And while we tend to think of this as the ‘next phase’ of a child’s life…getting a […]

Is Your Mindset Right for Stock Market Volatility?

The are many ways I measure my success as a wealth manager, but one of the most important ways is how many nervous calls I receive from clients when financial market volatility increases.  If I’m doing my job well my clients achieve a certain mindset and comfort level, allowing them to navigate extreme periods of […]

3 Steps to Getting a Higher Interest Rate

In late 2007, right before the banking meltdown that ushered in the Great Recession of 2008, we were easily earning north of 4% on money market accounts.  As the recession unfolded, and with much help from the Federal Reserve, interest rates plummeted to near zero percent…actually zero percent in many cases.  Some ten years later […]

401k In-Service Withdrawal: Good Idea or Bad?

I recently ran into a situation where an employee withdrew money from their 401k in order to buy a home that he had been renting.  Certainly, owning a home is part of the American dream, but is it a good idea to use your retirement savings?  In this case, he took an ‘in-service withdrawal’ instead […]