I recently had a client tell me that he finally “got it.” I asked what he meant, and he said that he had looked at a lot of retirement calculators online and wondered why our projections for distributions differed from online calculators he had tried where he plugged in a couple of numbers and it quickly spewed out the amount of income he’d receive at retirement. What he realized was...Read More
Monthly Archives: April 2015
Remember the first time you saw Google Earth zoom in from above Earth to a specific location? The fascination with a satellite view from space appearing to zoom in to pinpoint an exact location? I love the idea that you can zoom in to any place on earth. Pretty incredible. It’s kind of the reverse when you are thinking about your investment portfolio. Most of us focus on what is going...Read More
The statistics regarding tax-related identify theft are big - I would say shocking - but most of the public is now all too aware of how prevalent tax-related fraud is. According to this Forbes article, the IRS paid out $5.8 million in fraudulent refunds in 2013 and, if I were a betting man, I would imagine that number will rise in the coming years. With significant reductions in funding...Read More
Anyone who has been to my office has noticed the unique artwork on my wall – sketches from Carl Richards - simply illustrating complex financial truths. Recently I had an opportunity to visit with Carl about his drawings, and his brand new book, The One Page Financial Plan.
Joe: I love your sketches, and many clients ask about them. So, I have to ask how you come up with...Read More
Companies represented in the S&P 500 recently announced that, in aggregate, $104.3 billion in stock buybacks were made in February. This not only is twice the $55 billion repurchased a year ago, but a record for equity repurchases in any single month. The previous monthly high was $99.8 billion, set in July 2006, following which the S&P returned 23% over the next 14 months. Well over $2 trillion has been...Read More