We recently received an email from someone who was concerned about new tax surprises and how they would be affected. Now a days not only do we have to question the accuracy of what we come across on social media and emails, we even have to be careful about what we see and hear in main stream media.
The email that was forwarded to us turned out to be…
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We have a client who decided to self-manage about half of his investment assets while we are investing the other half. He decided to do this for two reasons. First, he wanted to use a different system which he had read about. To us, it sounded something similar to Market Timing – being fully invested or all in cash, one or the other. The second reason is he had received comments from his accountant that they had never seen someone pay a financial advisor like us so much in fees. Over the last 18 months, we estimate this client has lost almost…
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Based on conversations with our clients who have adult children, the odds are pretty high that you could do a better job of letting your kids know what kind of legal documents you already have in place and where your financial accounts are located. Don’t worry, I’m not suggesting that you financially undress in front of your children. But it is important for your children to know at which financial institutions, banks, insurance companies and the like, you have accounts.
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Several years ago, we always told clients to just say “no” to reverse mortgages. Back then, they were a very expensive product. That was then, but things changed about three years ago. Today, loan costs on a reverse mortgage are virtually the same compared to a traditional mortgage.
Here’s a mortgage strategy one of our clients used that saved them over $15,000 in loan and closing costs.
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More often than not, when I ask people what they consider to be their single best investment, without hesitation their answer is “my house”. How about you? Is that how you would’ve answered the question, too? Well, what I’m about to share with you just might surprise you and challenge your thinking.
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Homeless living in a van: that’s what I used to tell people when they would ask about our boys Justin and Adam. In case you aren’t aware, they are traveling the entire U.S. this year, with a goal of visiting every single state and for the most part they’re living in a van.
To their credit, they…
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