20 second advisor

Financial insights and tips...all in 20 seconds

20 Second Advisor: 2021 Retirement Contributions

How much will you save towards retirement in 2021? Do you know how much you should be saving? Here are the maximum amounts you can save into the most commonly used retirement plans in 2021: 401k Pre-tax or ROTH – $19,500401k Catch-up if over 50 – $6,500SIMPLE IRA – $13,500 SIMPLE IRA Catch-up if over…

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20 Second Advisor: Hope Is Not a Strategy

I love the hope, optimism, and resilience that was displayed as America rang in the New Year! It’s these characteristics that enable us to rise above many different challenges. That said, things didn’t change overnight, and we don’t know what this year will hold. In meeting with clients, I began thinking about what we can…

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20 Second Advisor: New Year – Two questions that drive meaningful change.

I aspire to live a great life. I define this as follows: To live a life full of meaning and love. To be healthy and physically capable of doing the activities I enjoy. To experience new things and travel. To give back to others. This kind of life doesn’t just happen overnight. In fact, I’m…

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20 Second Advisor: Lebron James and the law of the uncommon average

I love the chart below because it highlights the uncommon average return of the US stock market. Since 1926, it has returned 10% a year on average, but the road to 10% has been bumpy. Returns in any given year have ranged from as high as 54% to as low as -43%. In fact, the…

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20 Second Advisor: Room by Room

My family and I recently moved back into our house after a 4 month renovation. We were overwhelmed by the seemingly endless unpacking that needed to happen. My wife, Sal, is blessed with the gift of being organized so she had a plan. First, we knocked out our room so we felt organized and knew…

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20 Second Advisor: Don’t swing for the fences.

I grew up playing baseball, and it was common advice that I needed to hear, “Don’t swing for the fences.” When trying to hit a homerun, you end up taking your eye off the ball, and usually miss hitting the ball entirely. In investing, there is similar wisdom. Yes, it’s alluring to find an investment…

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20 Second Advisor: Top 10 countries to retire

Iceland Switzerland Norway Ireland New Zealand Sweden Denmark Canada Australia Luxembourg The US came in at no. 18 out of 44 countries for health, happiness, and financial security, according to the global retirement index from Natixis Investment Managers. While the list is fluid year over year, it’s fun to see a few of the top…

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20 Second Advisor: Practice Gratitude

It’s Thanksgiving so I can’t help myself. Gratitude is medicine. Gratitude combats entitlement. Gratitude changes our perspective. Here’s how we can practice this week: Take a moment right now and write down 10 things you’re grateful for (I just did) Invite your family, kids, or friends to share 3 things they are grateful for during…

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20 Second Advisor: Can Holiday Spending Be An Investment?

With Thanksgiving and Black Friday next week, I thought I’d touch on the gift giving season. It’s hard not to be swept up in the ever-increasing commercialization of the holidays. Personally, it feels like the holidays often boil down to scheduling chaos, overspending on gifts, and not enough time spent reflecting on what truly matters…

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