20 second advisor

Financial insights and tips...all in 20 seconds

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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20 Second Advisor: Potential mistakes when withdrawing from retirement accounts

If you are close to retirement, it is important to develop a withdrawal strategy that fits your needs and maximizes account values. Avoid these mistakes when that time comes: Withdrawing from your 401(k)s and IRAs first: this could cost yourself years worth tax-deferral. Additionally, it triggers taxable income that you will have to pay taxes…

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20 Second Advisor: Healthy Living and Personal Trainers

I met with someone recently who said “hiring a personal trainer has been a game changer, because I don’t have to create the workouts”! Sometimes, in order to make progress, we need a 3rd party to lighten the load and hold us accountable. I’m a big advocate for healthy living. In my opinion, healthy living…

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20 Second Advisor: Voting & Stock Advice?!

We have covered this topic extensively leading up the the election, but here’s one more viewpoint. Some investors may consider making changes (sometimes drastic) to their investments in the month before or after an election. There is an idea that if Trump wins “ABC” will happen and if Biden wins “XYZ” will occur. In reality,…

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20 Second Advisor: What history tells us in an election year

If you are concerned about your portfolio leading up to this election, you are not alone. But I am here to bring good news. Since 1926, there have been 23 presidential elections. Out of those 23 elections, we have had 19 positive years (as measured by the S&P 500 index) and only 4 negative years.…

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20 Second Advisor: 3 Reasons to Talk To Your Kids About Money!

There are a few taboo subjects that parents usually avoid when talking with their kids. One of them is money. Here are a few reasons I encourage you to talk to your kids about money: Money impacts or touches nearly every area of life! We all know it’s important so why do we avoid the…

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