Is your money working hard for you or hardly working? Are you earning a rate of return greater than inflation? Are you prepared for inconsistencies in your returns if you are in for the long hall which is until you retire? Or are you investing your money and letting it work for you and your retirement?
If you put your money to work for you, what were the job requirements you asked of your money? Let’s look at a few of these requirements and see how your money is doing at its job. Continue reading →
When people save for retirement, they only usually know about stocks, bonds, mutual funds and annuities. But there are other investments that are available to spread out the risk of investing in just one area.
Conventional wisdom holds that retirees should not enter their golden years still holding a mortgage. However, Diahann Lassus, president and chief investment officer of wealth-management firm Lassus Wherley, claims “that’s not a one-size-fits-all answer today, because there are Continue reading →
Readers of this column often ask me to give a second opinion (really a review of an existing estate plan). Typically, the plan has one to three mistakes. Sadly, each mistake causes estate tax dollars to be lost to the IRS, automatically reducing your children’s inheritance.
Recently, I reviewed the estate plan of a well-to-do reader (Joe, age 65) with a net worth of $20.8 million. Even I was shocked. Joe’s plan had Continue reading →
As entrepreneurs find success with their primary business ventures, many search for the proper investments for their profits.
Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good ‘benefit’ planning for ourselves and our employees. I’m also convinced more entrepreneurs should consider Continue reading →