One year into retirement Al is…unhappy. His issue isn’t money. Al’s always been a diligent saver. At age 45, he hired a financial planner. They drafted a wise plan and stuck to it for the next twenty years. Fact is, when Al walked away from his career last year, he was in great financial shape. […]
The Four Forgotten Retirement Challenges Read More »
Did you know your family has a “wealth culture”? (By “culture,” I mean the collection of common beliefs, values, assumptions, customs, and behaviors that mark a group of people.) Every group of people displays a certain culture. Cities do. So do schools and churches, civic organizations and sports teams. Businesses also have distinct cultures. (I’m
Your “Wealth Culture” (& Why It Matters) Read More »
“You can pay me now, or you can pay me later.” That was the tagline from a famous Fram Oil Filter ad campaign back in the 1970’s. It featured a grizzled auto mechanic holding up an inexpensive oil filter, then pointing over his shoulder at a car engine in need of an expensive rebuild. You
Paying for Retirement – Now vs. Later Read More »
Who knew we could glean financial insights from the World’s Strongest Man competition? If you saw it recently, you know the winner was a 28-year-old Scot named Tom Stoltman—all 6’8” and 384 pounds of him. This year’s contest showed that if you ever have an 18-ton bus blocking your driveway, Tom’s your guy. Just give
Get a Stronger Retirement Plan Read More »
In the 1960s, going to the dentist meant a little white spittoon by the dental chair and a whole lot of pain. Our dentist at the time—I’ll call him Dr. Hurt—thought only sissies needed anesthesia for a “little thing” like drilling and filling a cavity. Translation? Going to see Dr. Hurt was stressful! One day
Smart Plans vs. Plans That “Smart” Read More »
The last time the stock market had such a terrible January-through-June performance, I was in junior high. The year was 1970. For me, that was a time of pimples, polyester clothes, bad hair, trying to impress girls, and Mrs. Lawrence’s English class. All not-so-fun experiences—a lot like investing is for most people right now. For
How the Economy is Like Junior High Read More »
Each July 4 we Americans throw a national party. We celebrate our unparalleled freedoms which are the envy of the world. Our more “famous” liberties—freedom of religion, freedom of speech, freedom of the press, etc.—are spelled out in the Constitution’s Bill of Rights. But perhaps the hidden genius of that document is that it laid
Our Most Overlooked Freedom? Read More »
In early October, 1871, a fire turned Chicago’s business district into a smoldering ash heap. Today, visitors to the Windy City marvel at a skyline of beautiful architecture. In late December, 2005, quarterback Drew Brees of the San Diego Chargers suffered a severe injury to his throwing shoulder. Many experts believed his NFL career was
When Everything Seems Bleak Read More »
I had hip surgery last week. Man, did that ever hurt! Beforehand, I researched the procedure, the surgeon, the health facility, and the outcomes of others who’d had the same surgery. What I didn’t focus on is the grueling rehab patients have to do after surgery. I didn’t think to ask, “How much pain will I
What Pain Can Do for Us Read More »
After two years of masking up and shutting down, we stir-crazy Americans are traveling again! Beaches are packed, Disney is bustling, and national parks and campgrounds are turning away visitors. Our renewed wanderlust means a reintroduction to a regular feature of road trips: potholes! We’ve all had the unpleasant experience of driving along and hitting
Five Financial Potholes (and How to Fix Them) Read More »
Speak with an Advisor