Nancy recently set up her living trust and instructed me to rename her IRA into the trust. It seemed like a pretty straight-forward request. But had I done what she asked it would have cost her a pile of moolah. I explained the situation and she quickly changed her mind. The mistake my client was […]
Examples Of Opportunity Cost Most People Miss
Opportunity cost is something really easy to overlook but extremely expensive when you do. In fact, in the following examples of opportunity cost you’re going to see how these financial mistakes might be the costliest mistakes of all. What’s treacherous about this is that the people making these errors rarely see it coming. What is […]
How To Read Investment Statements
You might find investment statements difficult to understand. If so, it’s not your fault. Many investment companies obfuscate your investment statements on purpose. They find it convenient to keep you in the dark. From their standpoint, the less you know about your investment performance the better. The last thing they want is for you to […]
What Are Your Chances Of Being Audited This Year?
Are you concerned about an IRS audit? Thanks to government cut backs you may have less to worry about than you think. The IRS’s budget has been slashed $1 billion since 2010 and over that time they’ve let 10,000 workers go. ? In 2014 alone funding for the IRS is down over $500 million compared […]
Why Google May Plummet Next Week
If you own Google shares your world is going to rock next week. That’s because “BIG G” is going to distribute a new class of shares to all existing shareholders. That’s going to have a huge impact on share prices in the short-run. Should you sell before it’s too late? Should you buy? We’ll talk about […]
What Is A Financial Plan?
For years I’ve been telling anyone who will listen how important it is to have a financial plan – and to have the right financial plan. Maybe it’s about time to define exactly what the right financial plan looks like and how to use it. What A Financial Plan Isn’t In order to really understand […]