Retirement

How disciplined will you be in the next downturn?

Do you remember early 2016? I sure do. The global stock market dropped approximately 15% from November 2015 to February 2016. During that time, I received several calls from clients expressing concern.  Some of these concerns are paraphrased below: “I can’t handle seeing my money disappear any further.” “Such a sharp drop in the market…

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Myths about Financial Advisors

Over the years as a financial advisor, I have heard many assumptions about a financial advisor’s role.  Here are a few myths about what a financial advisor at Verisail is: #1: An advisor should get you out of low-performing investments and into high-performing investments. Myth. An investment strategy that’s based on predicting which investment will…

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Going To The Dentist

Honestly, this is embarrassing, and it’s hard for me to share. But, it does an amazing job of explaining how most people feel about their finances so I have too. As of June of this year, it had been ~5 years since I stepped foot in a dental office. Before that, I was inconsistent at…

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Are you investing or speculating?

If you boil it down, there are really two primary schools of thought when it comes to managing money.  The first philosophy believes in these core principles: Philosophy 1 We can outguess the market Diversification is not a priority Concentrate in only our best ideas Trade frequently Charge higher fees to the end investor for…

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Retirement mistakes to avoid in your 20s and 30s

  Are you a millennial? Retirement is probably the last thing you are thinking about. People in their 20s and 30s “go through more life transitions than at any other age – you’re getting out of college, you’re graduating, you’re getting a job, you’re changing jobs, maybe you’re starting a business, you’re getting married, you…

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Retirees Have Less Satisfaction in Retirement

I thought this USA Today article was interesting.  It reviews a study that shows retirees are less satisfied today than they were in the past (1998-2012). A few key takeaways: 95% of retirees prefer to spend their money on experiences instead of things.  Money isn’t everything, but retirees with more money reported having more satisfaction in…

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The True Cost of DIY Investing: 3.52%

In all aspects of life, there are folks who believe that they can do things better and cheaper if they take the “Do-it-yourself” (DIY) approach.  Sometimes you can save money; however, the longer I live, the more I embrace specialization of labor.  Even if I can do certain tasks, hiring specialists usually means I have…

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Verisail Core Investing Principles

I am going to keep this SIMPLE and STRAIGHTFORWARD. Yes, investment management can get very technical with sharpe ratios, alpha, beta, CAPM, efficient frontiers, etc. However, you do not need to go down these rabbit holes to be a successful investor.  In fact, we don’t even go down them. To be successful, we focus on 5…

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IRA Required Minimum Distributions

Each year, we get questions about Required Minimum Distributions. We’ll call them RMDs from here on out. What are they? When do I have to start taking them? How much do I need to take? Can I keep contributing to my retirement accounts if I’m still working? Let’s address these questions. What is a Required…

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