When I first worked as a financial advisor at a broker dealer firm, I was taught the “two hat” training. When I discussed financial planning with clients, I wore my fiduciary hat. This meant the advice I gave had to be in the best interest of the clients. But as soon...
A recent article from the Wall Street Journal interviews the creators of the 401k plan. Several of the original proponents acknowledge that 401ks are not being used as originally hoped. The article questions whether or not 401ks have helped Americans retire or if they...
A Donor Advised Fund is another way to gift money to your favorite charities and be financially beneficial to you at the same time. The DAF allows you to set aside money to contribute to a charity in the future, even without knowing the details of who you want to...
Last fall, I asked a 5th grade class via Twitter what they thought the best money advice a financial planner could give was. They sent back the following list: Buy things that last Separate needs from wants Spend money on the things you will use Spend money wisely...
As I’ve been examining why I have been resistant to goals, I have started re-thinking how I approach them, and I’ll tell you why. A goal is a clearly defined personal objective, something you want to achieve in a specific time period. What I have recently realized is...
