Because of technology, 401(k)s have become inexpensive and efficient. They also provide the employEE and employER the most flexibility. For this reason, I rarely (I want to say never but…never say never) come across a situation where a SEP or SIMPLE IRA make sense anymore. The 401(k) also provides employees the ability to save into…

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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…

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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…

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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…

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As much as I love the internet and access to information, I recognize the potential harm that too much info can cause. Take, for example, a friend of mine, who was experiencing some troubling medical symptoms. Typing her symptoms into a search engine led to an evening of research and mounting consternation. By the end of…

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A new year brings new opportunities to save money for retirement. Regardless of age, most people are NOT saving enough. Most people need to be saving 15% or MORE of their income. For many of our clients, an IRA or 401k simply won’t get them there. Here are some suggestions: Max out your 401k –…

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