Did you know there’s a difference between “getting the max employer match” in your 401k and “maxing” your 401k contributions? I often hear this used interchangeably, but the differences are significant! How significant? Try this: the MAXIMUM employee contribution to a 401k plan for 2020 is $19,500 if you are …
You know you’ve been doing something for a long time when a colleague describes you as an “industry veteran.” That’s the way Will Hepburn described me to his clients last week. And yes, it made me aware that I did start as an advisor in 1992 and have been an …
A.I., or artificial intelligence, can be found everywhere these days: from marketing (“you might like this…” based on what you bought last time) to traffic (in Austin, the price for some toll roads changes based on traffic flow). A.I. is a powerful technology that can be attractive in many industries. …
Can you recall a time when you felt really “in the zone”? Whatever you were doing, it felt like you were laser-focused, in the flow, making all the right moves, and knew exactly what to do and when. These “flow” moments don’t always last long, but when they are here, …
In the August 29th edition of the Wall Street Journal, Jason Zweig wrote an article entitled, “Warren Buffet and the $300,000 Haircut.” The discipline and mindset of Mr. Buffet is a positive In the August 29th edition of the Wall Street Journal, Jason Zweig wrote an article entitled, “Warren Buffet …
I recently read a survey about investor satisfaction levels with their financial advisors. The interesting twist was how sentiment has changed, pre- and post- (well, current, anyway) the COVID pandemic. The article’s slant was that investors are less satisfied with their advisors now (“post” pandemic) than they were in January, even …
List your five most important core values. Some examples of core values are: family, faith, meaningful work, philanthropy, ethics, etc. These values are the foundation upon which we build our lives. The more deeply you understand your core values, the better you will be able to determine the goals and …
You’ve planned carefully, crossed your T’s and dotted your I’s, completed the last of your tasks/duties, said farewell to your coworkers, and cut the cake. Congratulations, you’re retired! Now what?? Retirement is one of life’s significant transitions. As such, it is not a “one and done” event, despite what you …
According to a recent study by the Federal Reserve, approximately 40% of Americans do not have $400 set aside for a financial emergency. This is one reason why so many people are facing significant financial peril from the recent lockdown. One of the cornerstones of being financially stable is having …
Economic impact payments are being sent from the IRS automatically to those who are eligible. Whether you are expecting payment or not, you should be aware of potential scams that are used to exploit taxpayers during these confusing times. Here are a few tips on how to spot a potential …
