A solid financial plan is one of the most important things you can offer yourself and your family.

The Value Of Legacy

Money has three primary functions in retirement. Those functions are INCOME (the cash flow that you need to live), LIQUIDITY (money for growth and emergencies), and LEGACY. The focus of this article is on LEGACY. The word legacy is defined in part as follows: a gift of property; a bequest; anything handed down from the [...]

By | 2018-04-20T15:52:46+00:00 April 16th, 2018|Financial Planning|

The Eighth Wonder Of The World

Ben Franklin said it (reportedly); “The Eighth Wonder of the world is compound interest.” And it’s true! Take $100,000, at 3% compounded for just five years; that amounts to $ 115,927. That’s a 15.9% gain. Now take $100,000 at 3% simple interest for five years; that amounts to a flat $115,000. A flat 15% gain. [...]

By | 2018-03-11T00:07:25+00:00 March 3rd, 2018|Financial Planning|

Divorce Can Be Very Costly To Retirement Planning

Make Sure You Understand the True Costs No one wants to think or talk about divorce, but the reality is, it does happen. Many people who plan to get divorced hold the misconception that they will be able to maintain their current financial lifestyle. "Two can live as one" As the old saying goes. While [...]

By | 2017-10-23T00:46:12+00:00 June 4th, 2017|Financial Planning|

A La Carte Planning Don’t Be A Victim

A dangerous phenomenon is happening within the financial services industry.  For years marketing gurus taught the masses about niche marketing.  We listened and drank the Kool-Aid.  It happened across almost every industry and worked like a champ.  By focusing on certain segments of the population, specialists homed in on their craft and focused their energy [...]

By | 2017-10-23T01:05:46+00:00 May 29th, 2017|Financial Planning|

Don’t Let Extreme Fees Ruin Your Retirement

 Last week I met with a couple (I’ll call Bill and Mary) planning to retire in two years. Over their working careers they had built up a nest egg of about $400,000. They are carefully taking steps to change their portfolio from an accumulation strategy to an income producing strategy as they prepare to stop [...]

By | 2017-10-23T01:09:30+00:00 May 27th, 2017|Annuities, Financial Planning|

How to Choose a Financial Planning Attorney

Should you consider using a financial planning attorney. Often times, a simple meeting with an attorney can make all the difference in the world when it comes to orderly asset transfer. Here’s a story to illustrate why, a couple in Indiana decided to take the do-it-yourself approach to financial planning.  The husband died unexpectedly and [...]

By | 2017-10-23T01:25:28+00:00 May 4th, 2017|Financial Planning|

Make Sure Your Credit Score Is Accurate or It Could Cost You

Credit bureaus track consumers’ credit history: making sure they pay their bills, aren’t late on those bills and how much debt they carry. There are many credit bureaus but big three are Experian, TransUnion and Equifax. When you try to borrow money from a lender the lender pulls your credit report from one or more [...]

By | 2017-10-23T01:53:21+00:00 April 11th, 2017|Financial Planning|

Old News And New News Are Still The Same News

It may be "old" news (anything older than 30 days is old news), but the recent Wells Fargo scandal highlights the need for more Wall Street scrutiny. Wells Fargo, one of the oldest, most respected names in the brokerage business got it's hand caught in the cookie jar. Over 5000 advisors nationwide involved in fraudulent practices...a $185 [...]

By | 2017-10-23T03:05:19+00:00 February 27th, 2017|Financial Planning|

Why Interest Rates Are Low And Will Stay That Way

Well, at least for awhile. The simple answer is this, the lower the interest rate, the lower the payment obligations.  Based on that concept….. America has successfully refinanced its national debt from higher interest rates to lower interest rates.  88.5% of all national debt is now 10 years or shorter.  This is good for us [...]

By | 2017-10-24T05:29:09+00:00 July 18th, 2016|Financial Planning|

The Flip Phone Evolution To ROBO Advisors

By Bill Broich Remember when we all had flip cell phones? That technology has been replaced with newer better “smartphones.” It wasn’t that long ago that this revolution began and now each year we eagerly await the latest edition of iPhone 10. This has been accomplished in less than 10 years, 10 years of a [...]

By | 2015-07-22T19:12:02+00:00 July 13th, 2015|Financial Planning|