This section includes short articles written by our advisors on current topics, as well as answers to questions asked at some of our client meetings. Blog topics range from delving into the nuts and bolts of an investment strategy or what to look for in an advisor, to understanding why estate planning is so important, and whether you will have enough savings for retirement.

Treat Savings Like An Expense

When it comes to savings, I am a student of the Wealthy Barber, by David Chilton. Pay Yourself First! If the money is not available to you, then it cannot be spent on frivolous purchases. I, for one, am guilty of seeing something I like and then convincing myself that it is an absolute need vs. a want. I know that I am not the only one out there that does this. You know who you are!

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Taking a Retirement Test Drive

I have read this really great book that you may have seen around the office:  The Four Phases of Retirement:  What to Expect When You’re Retiringby Riley E. Moynes. After reading this I tried to apply it to my personal situation and this is what I got!

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What is risk?

We have realized that our role as a financial advisor is really to manage risk. The first thing we must establish with this responsibility is to define “risk”. Textbooks have told us over the years that you should measure risk in terms of volatility using standard deviations. As a mathematician, this should be easy. Next, we studied investment theory which introduced us into the world of Alpha and Beta. Sure, this makes great insomnia-curing reading but after doing this for many years we had to ask ourselves, “is this what is important to our clients”?

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“Where does our money go?!?!”

It’s the start of a new year. A time for resolutions, goal-setting, reflection of the last 12 months and a fresh start.

Financially, it can be a very depressing time. The holidays are over and now you must face the harsh reality of your generosity over the gift-giving season. That said, receiving your January credit card statement should not be an anxious experience. In actuality, your credit card statements are excellent budgeting tools that not enough people use to their advantage.

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