Category: Our Commentary

Money Basics for High School Graduates and Their Parents

  While many teens are adept at using the ATM machine, few are prepared to take control of their personal finances once they are ‘on their on’ at college. Particularly if your son or daughter is attending school far from home, it’s important that he or she be able to handle financial basics without your […]

Frugal Tips for the Summer

  As a financial advisor, I tend to focus on the big picture. I want our clients to have enough funds to send their children to college, to save for retirement, to buy a home, to have money to cover unexpected bills and generally to have peace of mind about their finances. Every once in […]

Creditor Protection for Education Plans

Over the past two weeks, I have reviewed key elements of the new bankruptcy law signed by President Bush last month.  In the first article, I discussed how the new law will make it very difficult to qualify for Chapter 7 bankruptcy and thereby wipe out your debts and give you a fresh start.  Instead, […]

Creditor Protection for Education Plans

Over the past two weeks, I have reviewed key elements of the new bankruptcy law signed by President Bush last month.  In the first article, I discussed how the new law will make it very difficult to qualify for Chapter 7 bankruptcy and thereby wipe out your debts and give you a fresh start.  Instead, […]

Creditor Protection For IRA Accounts

Last week, I discussed the new bankruptcy law signed by President Bush and how the law would make it much more difficult for people to wipe out their debts by filing Chapter 7 bankruptcy.  Under the new regulations, in most cases, they will be forced to go on a repayment plan (Chapter 13 bankruptcy).  An […]

New Law Tougher on Debtors

  Erasing debts by filing for bankruptcy is about to get much tougher. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was signed by the President this week. This new law will sharply reduce the number of people eligible to relinquish their debts through bankruptcy.   Currently, individuals file for bankruptcy under Chapter […]

Avoid Penalties on Your IRA

Last week, I wrote about investing ‘into’ an IRA. One of our California clients called with questions about taking money ‘out of’ an IRA early.  This question is a good one because most people aren’t sure what the rules are.  I will explain them—one at a time–because the rules are slightly different for a Traditional […]

Letter of Love

Last week, I discussed the importance of having a Living Will which the Terri Schiavo case had brought to the public’s attention.  If you missed last week’s column and would like to download a Living Will document that you can complete and sign, go to the Resource Center at www.welchgroup.com and click on ‘Healthcare Directive’.  […]

Decisions of Life and Death

In February of 1990, Terri Schiavo collapsed in her home and was rushed to the hospital. This was the beginning of what has become a very public story that has brought world attention and inspired the Vatican, the Governor of Florida and the President of the United States to weigh in on the heated debate.  […]

Buy Bonds Now or Wait?

Interest rates are clearly on the rise.  The Federal Reserve lead by Alan Greenspan has been raising short-term interest rates.  Many investors continue to have their bond money parked in money market accounts hoping to wait and invest when interest rates peak.  But will it really pay to wait? There is a good calculator you […]