Risk is something we all know as a situation involving exposure to danger. While risk is attractive to some, it’s often something others try to avoid. Where your financial plan is concerned, risk is not fertilizer that makes a portfolio magically grow. But everyone has their own definition of risk, depending on their own experiences. […]
In our practice, it’s very common for us to find that, while many clients are financially successful, they’re not maximizing their wealth and their wealth’s potential. Everyone is working with different circumstances, which is why it’s imperative to consider all possibilities when creating a wealth management process based on your Wealth Curve. The Wealth Curve […]
Creating a financial plan not only identifies the needs, obligations, and desires for your personal future, it forces you to consider, “what do I want to do with any wealth above and beyond that?” Financial planning provokes discussion around legacies and what you want to leave behind – and to whom. I’ve seen numerous approaches […]
Everyone has a Wealth Curve—it’s a visual representation of our financial life and the pressures that impact our wealth and its potential. Your individual curve begins the day you receive your first paycheck and well beyond your last one. Every decision you make regarding money since that first paycheck has impacted your wealth. Unfortunately, our […]
Consider your goals when it comes to your financial future. You want security, comfort, perhaps a legacy to pass on and the ability to enjoy life as a payoff for years of hard work. For most individuals, recognizing what they want or hope for in their retirement and beyond is relatively clear; how to get […]
There are all kinds of potential answers to this question – I’ve heard many of them. Depending on who you are and what your goals are, financial success is going to look different for you compared to the next person. Have you stopped to ask yourself what financial success really means to you? It’s a […]
Ask any art history major what “art” is, and they’ll likely pause and comment, “where do I begin?” For those of us not versed in the history of art, it’s easy to simply classify art as the famous paintings or sculptures we’ve seen in textbooks. However, art itself encompasses so much more including – and […]
Everyone wants the simple solution, the silver bullet for a successful financial future. The reality is, there isn’t one. That’s not bad – it just requires taking a deeper dive into what your life is now and what factors will contribute to it in the future. Most financial plans are designed under ideal circumstances. No […]
I hope this finds you and your family well. The SBA recently released this application to obtain loan forgiveness for funds received under the Paycheck Protection Program. For your convenience, here a the link to the 11 page document. This is important because some business owners signed up for these loans without clarity. It provides […]
I’m often impressed with the care that clients put into their financial plans prior to coming to see me. They come prepared with amazing spreadsheets containing their financial plan. The only problem is that they are linear. They’ve got a flat rate of return of 6 percent, a flat tax rate (or no taxes), a […]