20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: Living An Intentional Life

We all realize that saving for retirement is important. For many of you, that is why you have partnered with us. But saving for retirement is only part of living an intentional life and using our money intentionally. None of us know exactly how long we will be around and have the health to complete…

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20 Second Advisor: A guide can set a clear path forward!

My wife and I are about to start a back yard renovation, and it’s time to start picking out the materials. We were both feeling overwhelmed. We want it to look good, but we weren’t sure where to turn. Our contractor recommended we go visit Natalie at the showroom where he orders materials. It was…

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20 Second Advisor: “I’m OK with cockroaches, but not with roommates”

Another baby bird out of the nest! My son is graduating from college this weekend, and he will be moving into his first apartment in another city for his first fulltime job. It was a super fun honor for me to be invited to his apartment shopping day last month. But what an eye-opener! Apartments…

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20 Second Advisor: Are US stocks overvalued?

I saw this graph this morning (see full article here) and it does a great job of showing the relative price of US stocks compared to various other countries. The graph is showing CAPE by country (cyclically adjusted price-to-earning ratio). CAPE measures the 10 year average of a company’s P/E ratio – this 10 year…

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Planning for Life’s Little “Surprises”

We don’t always know what surprises life is going to throw at us. I’m not talking about life’s good surprises, but the ones where your washing machine starts to sound like it’s going to launch into orbit, your car starts making an awful squealing noise, or when you realize its that time of year to…

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20 Second Advisor: Be Proactive

The 7 Habits of Highly Effective People by Stephen Covey has had a big impact on my life over the years. I am re-reading it now with a group of guys and loving it. The first habit is Be Proactive! Here is a quick comparison of proactive vs. reactive to clarify its meaning. PROACTIVE REACTIVE…

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20 Second Advisor: Highlighting a Couple of Tax Credits

As I’ve written about in the past, for 6 years I’ve volunteered with AARP Tax Aide to prepare free tax returns for senior citizens and those with lower income. It’s fun and rewarding (really!), and as a bonus I get a few tips that could save folks some money! I wanted to highlight two tax…

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20 Second Advisor: Hard Conversations

Caring for others may come naturally to you. You may have cared for your children as they’ve grown up, or helped your parents as they’ve gotten older. We spend countless portions of our lives investing in those we love. But when it comes to hard conversations, sometimes that isn’t so easy. End of life planning…

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20 Second Advisor: 529 to Roth IRA Rollovers

Starting in 2024, you can roll unused 529 assets, up to a lifetime limit of $35,000, into the beneficiary’s Roth IRA, without incurring the usual 10% penalty for nonqualified withdrawals or generating any taxable income. But that’s probably not a reason to overfund a 529…. The SECURE 2.0 Act included provisions that would make it…

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