Financial Planning

Six Ways to Make Your Money & Your Impact Go Further Before End of 2017

Before I get into the six ways to make your money and your impact go further, consider current talks regarding tax reform. They can influence your money and your impact. The last major overhaul in taxes was in 1986, 31 years ago. I expect the Republican Congress to pass a tax bill so they can …

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Plan Ahead to Increase College Financial Aid

College is one of the biggest investments that a family will make for its children. Four years of college can run upwards of a quarter of a million dollars at a private school and roughly half at a public institution. The reality is that two-thirds of families do not pay the full amount. They receive …

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Five Things to Do Before Retirement

Ready or not, retirement may be around the corner. Maybe it is coming early or long coming. Either way, it will be a time for adjustment for many people. By some estimates, 10,000 baby boomers will retire every day. Here are five things to do before retirement. Review investment portfolio and implement adjustments to reflect …

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Am I Ready for Retirement?

A friend recently asked me if I thought he was ready for retirement. Fred’s nest egg had grown nicely over his 20-year career. Retirement meant leaving behind a steady paycheck and the benefits of a big company with a generous stock option plan. But as someone in his mid-40s, Fred could return to work if …

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Financial Lessons from Emergency Response Training

Along with 70 other San Franciscans, my wife and I recently completed NERT training. As Neighborhood Emergency Response Team volunteers, we would assist the San Francisco Fire Department and our community in case of disaster. Much of what we learned about responding to earthquakes and fires can also apply to financial lessons for the management of personal …

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Which IRA?

Between now and April 15th, many will choose if and how they will make their annual IRA contributions. For 2014 and 2015, the cap is $5,500 and $6,000 for people age 50 or over. In choosing between a Traditional or a Roth IRA, I use a short checklist and ask three questions to start the …

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5 Ingredients to Become a 401(k) Millionaire – Part 2

Becoming a 401(k) millionaire may be easier than you think. In part 2 of this post, we discuss our three remaining ingredients to become a 401(k) millionaire. We describe what a well tailored long-term investment strategy should accomplish, highlight why 401(k)s are an important tool for savings and review you can catch-up using 401(k)s if …

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5 Ingredients to Become a 401(k) Millionaire – Part 1

What does it take to be a 401(k) account millionaire?  Joining this select group may be easier than you think. Many miss the mark because they don’t save enough. They have a tough time balancing their needs, wants and wishes for today versus the future. Some use ill-suited investment strategies that contribute to bad investor …

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Links to Navigate Social Security and Improve Financial Literacy of Kids

Some of the most useful resources on personal finances are free but lack the recognition that they deserve. I believe these two additions to our Useful Links page are helpful for navigating the Social Security maze and improving the financial literacy of kids (and adults too). I believe you find that they add clarity and …

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