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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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Investing

My sixteen-year-old has $82,000 in retirement savings

Submitted by Concierge Financial Planning, LLC on July 8th, 2019

daughterrs

My sixteen-year-old daughter is off to a great start in her retirement savings and she has only been working for two summers. No, she isn’t a child TV star or fashion model—Judy is a lifeguard and swim instructor at a day camp. Due to her earned income, she is eligible to contribute to a Roth IRA which she did to the tune of $1,000 last summer and $2,000 this year. Her contributions are invested 100% in a diversified equity mutual fund. Assuming no other contributions to her Roth IRA and a 7% annual average rate of return on her investments, she will have approximately $82,0000 when she retires at age 65.

 

Tags:
  • Financial Planning Fundamentals
  • Investing
  • IRA/401K/403B
  • Retirement
  • Saving
  • Read more

What I Learned Getting Stiffed by Sears

Submitted by Concierge Financial Planning, LLC on February 25th, 2019

Sears Photo

“Well, that’s fitting as everything is always 50% off at Sears” dead-panned my husband when I told him that I sold my Sears bond for half of its face value.

I had been holding an unsecured note for three years, long before Sears filed for bankruptcy.  Unbeknownst to me, my bond had moved into default status and so I decided to sell it straight away rather than wait to see how much I would eventually get for it. Estimates ranged from 30-60 cents for each dollar of face-value, so I feel lucky to have received 50% without waiting.

 

Tags:
  • Current Events
  • Financial Planning Fundamentals
  • Investing
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Your Financial Advisor is No Genius

Submitted by Concierge Financial Planning, LLC on October 2nd, 2018

genius.jpeg

“Ann, it's great to see you!” exclaimed Sally as she burst into my office for her annual review. Like many of my clients Sally enthusiastically gives me credit for the past year's financial markets performance. I first did Sally’s plan 9 years ago and she has been this effusive whenever we have our check-in meetings. Although I’d like to take personal credit for the financial markets performance since 2009, I usually spend the first 30 minutes of our time together explaining to her why I’m no genius.

 

Tags:
  • Behavioral Finance
  • Financial Planning Fundamentals
  • Investing
  • Read more

The World Cup of Financial Planning

Submitted by Concierge Financial Planning, LLC on June 24th, 2018

The World Cup is off to a great start. No sooner had I filled out my statistically based bracket, and the underdog Mexican team defeated the favored Germans. The revelry in Mexico allegedly set off a small earthquake! As you watch this exciting international contest this summer, keep in mind that the FIFA teams can teach us about more than just soccer.

Tags:
  • Financial Planning Fundamentals
  • Insurance
  • Investing
  • Retirement
  • Read more

Do Annuities Belong in Your Retirement Portfolio?

Submitted by Concierge Financial Planning, LLC on May 18th, 2018

blog-05182018.jpegThe growing demand for more predictability and security planning for retirement income has led an increasing number of retirees and pre-retirees to look to annuities as way to provide more stability in their investment portfolios.

Tags:
  • Annuities
  • Investing
  • Retirement
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Olympics and Investing: The 1% Difference

Submitted by Concierge Financial Planning, LLC on February 19th, 2018

blog-0122018-01.png“Does 1% really make any difference?” John asked. We were discussing John’s cash and emergency savings.

Tags:
  • Current Events
  • Financial Planning Fundamentals
  • Investing
  • Retirement
  • Saving
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False Visions of the Future

Submitted by Concierge Financial Planning, LLC on January 21st, 2018

blog-0122018-01.pngThe financial experts know a lot more about the markets and how the markets will perform in the future than the ordinary rest of us.  Right?

Tags:
  • Behavioral Finance
  • Current Events
  • Investing
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Sisterly Love: Using Adult Siblings to Fund College Savings

Submitted by Concierge Financial Planning, LLC on January 7th, 2018

blog_sisterlyLove.jpg“You’re doing what?” inquired Tim incredulously. Tim and I were discussing college savings for his 10th grade daughter, and he knew that I too was saving for college for my high school daughter and college son. “You heard me right the first time,” I said, “my 25-year-old is funding his siblings’ 529s.”

Unfortunately, Tim doesn’t have the same secret weapon that I have and so can’t take advantage of my strategy.

Tags:
  • College Planning
  • Investing
  • Saving
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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

up-10.png

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.

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