20 second advisor

Information to help you lead a smarter financial life.

20 Second Advisor: Wild Returns – Why You’ll Rarely Have A 10% Return (in a given year).

I often try to gauge a client’s understanding of investing by asking, “What is your return expectation/hope for your portfolio?” Conservative investors will often want 4-6% returns. Aggressive investors may hope for higher returns (maybe 8-10%). Unfortunately, it is VERY rare to get returns in this range. Investing is all about bearing the UNCERTAINTY of…

Read More

20 Second Advisor: Market vs. Personal Headlines

At some point, you have probably heard one of us say, “stay the course.” Too often the philosophy is interpreted as “do nothing.” That is a shame because sometimes, “doing nothing” is exactly what you should do.  Consider these points when the market headlines seem dire: There are two types of headlines: Market headlines and…

Read More

20 Second Advisor: This Is CRAZY Math!

You may have heard the terms “Time Value of Money” or “Compounding Interest”. Rather than define them, let me show you a quick example which will make them come alive! You begin saving $1,000 / month when you turn 40 years old You save the same amount for 30 years You earn an average annual…

Read More

20 Second Advisor: Fear of Markets? The Cost of Not Investing.

Most of the time we discuss the risk (or uncertainty) individuals take when building their portfolios. Some clients have life experiences that lead them to a very conservative portfolio. Other clients don’t want to take risk AT ALL! We may not immediately think about it, but there is also a cost of NOT investing. For…

Read More

20 Second Advisor: 5 ways to keep your brain sharp

Super agers are seniors who have cognitive abilities comparable to people decades younger. And a growing body of research suggests that we can all boost our odds of joining their ranks by tweaking our daily habits and rethinking our views on aging. Here are a few of them: Exercise regularly- critical to brain health; helps…

Read More

20 Second Advisor: 5 Reasons To Give Your Money Away

Giving your money away may feel like jumping off of a cliff! I have found that, after people make the leap, they become happier. Why? Simply put, helping others makes you happy! Think about a time when you helped someone else. Maybe you delivered a meal, picked someone up from the airport, helped a friend…

Read More

20 Second Advisor: Tax Hike? What to do for 2019.

A lot of taxpayers will see their taxes drop as a result of the tax law passed in 2018. However, some families will see an increase in taxes. One of the main triggers for a tax increase is the new cap on the state and local tax (SALT) deduction. Previously, families could deduct an unlimited…

Read More

20 Second Advisor: A few things to know for your 2018 tax return

As of January 28th, the IRS started accepting returns for the 2018 tax year.  Here’s a list of some of the changes you can expect as you file this year: A new 1040 form was released last year.  The new version is about the size of a large postcard.  But for those of you that…

Read More

Getting Remarried…Plan Ahead!

Our clients get remarried for a variety of reasons. As exciting as this is, it often triggers unique thoughts and questions…will we share our income / expenses equally? I have kids from a previous marriage, and, when I die, I would like my assets to go to them rather than my spouse…is that okay? Do…

Read More