Our Thoughts

"Either write something worth reading or do something worth writing." -Benjamin Franklin


May 2015 Monthly Insight: Setting Your Retirement Income Strategy

Posted by on Friday, May 15th, 2015 in Investing, Personal Finance, Retirement | 0 comments

Over the last month or so, several folks have asked Don and me several questions regarding taxes, retirement savings, and the tax issues associated with drawing money out of a retirement account. Although I’m sure you’ve heard myths and all the long-standing conventional wisdom about how and when to draw money out of retirement accounts, you’ll find your own best after-tax solution after a thorough analysis of your options. Clearly, the most important key to a successful retirement is saving during your working years. If you start early, your...

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Time Management For a Happy Retirement

Posted by on Friday, May 15th, 2015 in Investing, Personal Finance, Retirement, Wealth Management | Comments Off on Time Management For a Happy Retirement

For a happier retirement, the key isn’t how much free time you have to spend, it’s how you manage whatever free time you have.  That’s the conclusion of a fascinating new study about time management in retirement I think is worth heeding. Earlier research has found that leisure time is important for retirees, positively influencing their happiness and sense of peace, and that a lack of planning can lead to boredom. But this was the first study I’ve seen that looked at the significance of managing that leisure time. Measuring quality of life...

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Even at the Top, Making Plans for Life’s ‘Third Chapter’

Posted by on Saturday, May 9th, 2015 in Investing, Personal Finance, Retirement, Wealth Management | Comments Off on Even at the Top, Making Plans for Life’s ‘Third Chapter’

When Sherry Lansing, the former chairwoman of Paramount Pictures, decided to end a 40-year career in the rough-and-tumble of Hollywood, the question she faced was where to direct all the energy and drive that had propelled her to the top of the industry. Lounging about in the suburbs of Los Angeles at age 60 was not going to be an option. So instead, she turned her attention to medical research — cancer research in particular, a subject that had taken hold of her years earlier when her mother died of ovarian cancer at age 64. “For me, it’s...

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April 2015 Monthly Insight: Takeaways from Warren Buffett’s Stellar 50-Year Track Record

Posted by on Wednesday, April 15th, 2015 in Investing, Market and Economic Updates, Monthly Insights | 0 comments

What comes to mind when you hear the name Warren Buffett – investor, mutual fund manager, CEO, entrepreneur, stock picker, philanthropist, or billionaire? Or maybe something else comes to mind? Whatever you think, one thing is clear: he has made a lot of money investing over the years.  If you’re counting, Forbes’ 2015 ranking places his net worth at $72.7 billion, which makes him the third wealthiest person in the world behind Mexican telecom king Carlos Helu ($77.1 billion), and Bill Gates ($79.2 billion). Buffett’s success over the...

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Online Tools Can Ease the Burden of Being Executor of an Estate

Posted by on Saturday, April 11th, 2015 in Personal Finance, Retirement, Wealth Management | Comments Off on Online Tools Can Ease the Burden of Being Executor of an Estate

Being named the executor of a family member’s estate can be overwhelming: At at time when you’re grieving, you’re called on to handle a host of unfamiliar administrative duties. Daniel Stickel learned that firsthand when his father died in 2013. Mr. Stickel has worked as a software executive for companies including Google. But he found himself challenged by the many tasks required of him as executor of his father’s estate. Executors are charged with settling the deceased person’s affairs, including paying any debts and distributing funds or...

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