Recently I attended a conference that had some amazing statistics when it comes to generating income. In 1980 to generate $100,000 a year in interest income utilizing shorting term bonds you needed a total of $763, 395. In 2016 to generate $100,000 a year in interest income in short-term bonds, you need a total of $13,888,901. You need over 14X …
THE DEVIL IS IN THE DETAILS
An ex-wife as a primary beneficiary. Lapsed stock options. No medical power of attorney. What is in common with these items? They are all avoidable. Having been involved in financial services for the past 20 years, I have seen a lot of things go wrong. A lot of these issues could have been avoided with proper planning and review. But …
5 Mistakes to Avoid After Getting Laid Off.
Our office is located in Chandler, AZ. Chandler is home to numerous Technology companies such as Intel, NXP, and Microchip. Recently several of these companies have gone through company-wide reductions in their workforce. It can be a shocking situation. After 20 years you are out of a job and you just received a package from your former employer with an …
Diversification-2016 edition
I have been in financial services since the late 1990s. A lot has changed during that time. The internet is no longer America Online. Technology has changed the way the world shares information. This information is available to everyone, all the time, anywhere from your cell phone that you probably use more for things other than making a phone call. …
How to Live Within Your Means
SPEND LESS THAN YOU EARN This may seem obvious; however, it must be said. If you spend less than you bring home, then you will begin to accumulate wealth! It is almost too easy to make purchases these days. Within a minute, anyone can think of a product, order it on Amazon, pay for it with a credit card already …
Do I need an Attorney to settle an Estate?
With proper planning, the answer should most commonly be no. I have always thought that the point of proper estate planning was to avoid probate, minimize legal expenses, minimize estate taxes, and minimize income taxes. I have always believed that it is easier to avoid a problem than it is to solve one. A lot of people are confused by …
Maximizing your Employee Benefits
I have seen a lot of people over the years leave a lot of money on the table by not taking advantage of all of the benefits that their employer was offering them. Your total compensation could be more than just your wages if your company offers additional benefits. The three most common mistakes I seen as the following: Not …
Unintentional Stock Concentrators
Do you unintentionally concentrate your portfolio on one stock? Most people don’t realize its’ even happening. I view a concentration issue as having more than 20% of your portfolio in 1 stock. My office is located in a heavy technology company area. These tech companies have all sorts of retirement and stock plans, including: ESPP, RSU, Stock Options, Profit Sharing, …
Smart Tax Planning
“You are worse than the Dentist.” It’s tax time. According to some of my clients-one of the worst days of the year. Most of my clients are patriotic Americans, but they don’t want to pay more taxes than they have to. Over the years I have noticed most of my clients initially focus on deductions. Should I buy a house …
401k Rollover ? | Retirement Planning
A 401k plan participant leaving an employer typically has four options (and may engage in a combination of these options): Rollover assets to an IRA Roll over the assets to his new employer’s plan, if one is available and rollovers are permitted Leave the money in their former employer’s plan, if permitted or cash out the account value. A rollover …