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Expert advice for all walks of life

As a Fee-Only advisor my fiduciary duty is to you alone.
Professional, practical, achievable solutions for your peace of mind

Expert advice for all walks of life

As a Fee-Only advisor my fiduciary duty is to you alone.
Professional, practical, achievable solutions for your peace of mind

Expert advice for all walks of life

As a Fee-Only advisor my fiduciary duty is to you alone.
Professional, practical, achievable solutions for your peace of mind

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The Facts about the “Forgotten” Policy

Submitted by Concierge Financial Planning, LLC on September 9th, 2017

Everybody knows about life insurance, and disability insurance covers millions through corporate plans.  Health insurance is always in the news thanks to the controversy around the Affordable Care Act.But what about the forgotten stepchild: Long-Term Care (LTC) insurance?  How much do you know about it?  How do you know whether you need it or not?

Tags:
  • Insurance
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How Political Climates Affect the Financial Markets

Submitted by Concierge Financial Planning, LLC on July 9th, 2017

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If you’re a fan of political dramas on televisions, you’ll know that the turbulent world of politics has an affect on the global financial markets. But what about in real life? How much does art - if you can call shows like Scandal, Veep, and House of Cards art - imitate life, and vice versa?

The truth of the matter is that 2017 is turning out to be a bit of an unpredictable political year, and a lot of that can be boiled down to the win in November 2016, when Trump was elected President of the United States. And whether you are a pro or anti of his presidency, I think we all can agree that the political climate is ever changing. The truth of the matter is that surprisingly politics don’t have as much of an influence over markets as much as TV would like us to believe - in the long term.

Tags:
  • Current Events
  • Financial Planning Fundamentals
  • Investing
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What does it mean when your portfolio is up 10%?

Submitted by Concierge Financial Planning, LLC on June 20th, 2017

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You receive portfolio performance reports every three months—a form of transparency that financial planning professionals introduced at a time when the typical brokerage statement was impossible to decipher.  But it might surprise you to know that most professionals think there is actually little value to any quarterly performance information, other than to reassure you that you actually do own a diversified portfolio of investments.  It’s very difficult to know if you’re staying abreast of the market, and for most of us, that’s not really relevant anyway.

Tags:
  • Financial Planning Fundamentals
  • Investing
  • Retirement
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When Life Insurance Makes Perfect Financial Sense in Retirement

Submitted by Concierge Financial Planning, LLC on June 5th, 2017

When most people think about life insurance, it is something to be purchased when we’re young with financial responsibilities and dependents to protect. Any discussion about purchasing life insurance after we retire is often met with strong opinions as to whether or not it makes any financial sense. After all, the cost of life insurance increases significantly over the age of 65. While that may be true, the unique properties of permanent life insurance, such as guaranteed cash value growth, tax-free death benefits and tax-free access to the cash value, make it one of the best possible solutions in certain circumstances.

Tags:
  • Insurance
  • Retirement
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What’s Your Financial Blind Spot?

Submitted by Concierge Financial Planning, LLC on April 24th, 2017

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“Ann, what’s my blind spot?” I was out to lunch with one of my favorite clients when he asked this simple question, “Everyone must have one, and I need to know what mine is,” he continued.

I couldn’t believe my ears. We had just finished our annual review and rebalance meeting and he had seen the numbers. I thought I had clearly laid out his main challenge area, but then again that’s why they call it a blind spot—you can’t see it. We would all be better off if we had an automated financial blind spot alarm—like in many of the more recent model vehicles that warn us of the potential danger in our car’s blind spot. In a way, that’s my job; to be the financial blind spot monitor.

Tags:
  • Financial Planning Fundamentals
  • Retirement
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Creative Giving

Submitted by Concierge Financial Planning, LLC on March 31st, 2017

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Giving to a charity is easy, right?  You write a check and send it off to your favorite 501(c)(3) organization, and get a full deduction for the amount on your tax return, up to 50% of your adjusted gross income.

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  • Charitable Giving
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What a Market Top Looks Like

Submitted by Concierge Financial Planning, LLC on March 9th, 2017

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The current bull market in stocks will reach its 8th anniversary tomorrow, and for about the last four years, professional investors and financial planners have been scratching their heads.  The markets have gone up and up and up, and we all know that they won’t go up forever, which means there’s a correction looming somewhere on the horizon.

Tags:
  • Current Events
  • Investing
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The Economics of Exercise: Earn Thousands for Retirement the Easy Way

Submitted by Concierge Financial Planning, LLC on February 23rd, 2017

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What if I told you that there is a way to save for retirement without actually having to pinch pennies? You don’t have to deny yourself that shopping spree or that awesome trip. What’s more, you could potentially “save” hundreds of thousands of dollars. Does it sound too good to be true? Well, it’s not. All you have to do is exercise—hard!

Tags:
  • Financial Planning Fundamentals
  • Lifestyle
  • Retirement
  • Saving
  • Social Security and Medicare
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6 Tips for a Cheap Valentine’s Date

Submitted by Concierge Financial Planning, LLC on February 4th, 2017

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Roses are red, violets are blue, Valentine’s Day can be cheap, hooray for you!

Right after New Year’s the red, pink, and white move in to the shopping aisles to serve as a perpetual reminder that Valentine’s Day is coming. It cuts into the closing months of winter with its oversized stale chocolate boxes, overpriced cards, and overwhelming expectations to a likely under whelming Valentine’s date. Yet, despite the kitsch teddy bears and faux roses, love on this holiday comes at a price.

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  • Lifestyle
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Medicare Drug Costs Could Be Lower if They Negotiated Like Walmart

Submitted by Concierge Financial Planning, LLC on January 15th, 2017

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We hear all the time that medical costs are too high in the U.S., and that Medicare is going to go bankrupt in the future.  The President-Elect recently told us in a press conference that drug companies are “getting away with murder.”  So how high are drug prices, and are those prices contributing at all to the high medical costs in the U.S.?

 

A Public Citizen research report looked at the prices that older citizens pay for their medications under the Medicare Part D plan, the largest federal drug program, which now covers more than 39 million people.  You might be surprised to know that when the plan was passed by Congress under the Bush Administration, Medicare was specifically not allowed to “interfere” with the negotiations between drug manufacturers and pharmacies.  The program was prohibited from leveraging its purchasing power to create economies of scale.  And that would have been plenty of scale; currently, Medicare recipients account for 28% of all medical drug purchases in the U.S. marketplace.

Tags:
  • Social Security and Medicare
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