Three Ways to Avoid the ‘Lost Highway’ of Financial ‘Advice.’
On the road to personal financial milestones, investors aspire to reach multiple destinations that are important to them - whether it's saving for a college education or retirement, we all seek to assess the risks. Here's three to avoid.
#FPC: Dave Ramsey Is Right & Very Wrong About Permanent Life Insurance (Pt. 2)
Why Dave Ramsey is right, but also VERY wrong about the use of Permanent Life insurance in your financial and retirement planning process. You could be leaving a LOT of tax-free income on the table for your retirement.
6 Considerations for Long-Term Care Coverage.
Retirement care analysis is a deep dive into the overall retirement planning process. Unlike income planning, retirement care planning requires us to face our inevitable physical limitations and the toll it can have on personal finances along with the negative ripple effects on wealth and health of loved ones.
#FPC: Dave Ramsey Is Right & Very Wrong About Permanent Life Insurance (Pt. 1)
Why Dave Ramsey is right, but also VERY wrong about the use of Permanent Life insurance in your financial and retirement planning process. You could be leaving a LOT of tax-free income on the table for your retirement.
#FPC: 5-Things You Aren’t Being Told About HSA’s.
With the passage of the SECURE ACT and the death of the STRETCH IRA there has been a lot of noise about HSA’s. You can use an HSA as an investment vehicle and get a triple tax benefit.
Where’s the Adult Merit Badge for Super Savers?
Super Savers are a special breed.They are not concerned about keeping up impressions; they exist outside the mainstream of seductive consumerism. Call it a mindset. Whatever it is, those who fall into this category or save 20% or more of their income on a consistent basis are members of an elite group who strive for early financial independence.
#FPC: What You Have In Common With Kobe Bryant & Chandler Parsons
You may have more in common with Kobe Bryant and Chandler Parsons that you know. No one expects the worst to happen, but not being prepared can be devastating to your families future financially.
#FPC: New Advisors: Stop Doing These Two Things.
The higher stocks ride a glide path of zero volatility, the greater the risks for investors and their financial partners to fall victim to overconfidence. After all, we are human; when it comes to money and emotions our brains are no smarter than a lizard's.
FPC: Do You Have A “Financial Vulnerability” Cushion?
Financial planning corner is a weekly topic on everything related to Financial planning. From maximizing social security, doing the right things for Medicare, and how to pay less in taxes today and in retirement.
Rosso’s 2020 Reading List – Part II
“A reader lives a thousand lives before he dies… The man who never reads lives only one.” – George R.R. Martin. I’m not sure what I would do without books. On weekends, I can be found in antique stores searching […]
FPC: All The Numbers You Need To Know For 2020
REGISTER NOW for our most popular workshop: THE RIGHT LANE RETIREMENT CLASS The Westin Austin at the Domain- 11301 Domain Drive, Austin, TX 78758 February 8th from 9-11am. Hopefully you’ve had some time to reflect and grade yourself on your […]
Investing Versus Speculating
Value investors understand that compounding wealth depends on avoiding large losses. These terms and their proper definitions serve as a rock-solid foundation for sound reasoning and analytical rigor of market forces, central bank policies, and geopolitical dynamics that influence global liquidity, asset prices, and valuations. They enable critical foresight.
Financial Planning Corner: A Change To RMD’s For Post-49’ers
Happy New Year from RIA Advisors Planning Corner! As we wind down the holiday season our focus begins to shift back toward wealth and health. This financial industry and retirees have been trying to figure out what the passage of […]
5-Things Your Broker Will Ignore – Part 1
Investors mistakenly believe their financial partners are students of holistic financial planning. Outside of sell-side biased market information pumped out daily by an employer’s research department, there are several areas of study that many brokers would prefer to avoid. Worse […]
Hope For The Best, Plan For The Worst
Around 46 BC, Cicero wrote to a friend saying, “you must hope for the best.” To be happy in life we must always have “hope.” It is “hope” which is the beacon that lights the pathway from the darkness that eventually […]
5 Things You Aren’t Being Told About Your Health Savings Account
With the current health care bill yo-yoing between picking up momentum and flaming out there has been a lot of noise about Health Savings Accounts (HSA’s). The role or lack of that people use a Health Savings Account as investment […]
#FP: The RIA Financial Guardrails
The following guide was authored by both Richard Rosso, CFP, CIMA and Danny Ratfliff, CFP, ChFC. Guardrails are forged to prevent navigators from veering off course. Financially, it’s easy to drift off target or accidentally travel a path that places […]
#FP: Girl, I Heard You’re Getting Married
Johnny Maestro never gave up. Born on New York’s Lower East Side to a lower-middle class Italian family, humble beginnings singing acapella in city subways in the early 1950s, Johnny Maestro (real name Mastrangelo), honed his craft to eventually be […]
Why You Should Question “Buy And Hold” Advice
I recently received an email from an individual that contained the following bit of portfolio advice from a major financial institution: “Despite the tumble to begin this year, investors should not panic. Over the long-term course of the markets, investors […]