What to Do About Rising Long Term Care Premiums

What to Do About Rising Long Term Care Premiums

One of the more common questions I’ve gotten from clients over the past few years is whether or not they should maintain their long-term care coverage. The question isn’t surprising, both because carriers have increased premiums on some legacy policies substantially...
Thinking About Risk

Thinking About Risk

When it comes to our own personal financial plans, we tend to think of risk as a bad thing. You avoid things that are risky, and the safer a plan is, the better. But risk is foundational to finance. Risk is a key driver of interest rates and investment returns and...
Holding the Line on Holiday Spending

Holding the Line on Holiday Spending

One of the primary reasons I wanted to put a budget in place was for Christmas. After the fifth delivery on December 23rd, I realized we had a problem – or at least I had a problem. I didn’t feel as if I knew how much we were spending or where the money was...
Preparing for an Unexpected Death: Steps to Take Now

Preparing for an Unexpected Death: Steps to Take Now

A lifelong friend of mine recently passed away, and it was a sudden and totally unexpected death. As a financial advisor, I deal with the possibility of death all the time. In the hundreds of plans I have built with clients, if a spouse or dependent was in the...
529 Plans: What You Should Know About Saving For College

529 Plans: What You Should Know About Saving For College

At some point, most new parents or grandparents begin thinking about how to pay for college. Since educational costs have risen at a rate well in excess of inflation over the last two decades, covering the cost of college is no mean feat. Fortunately, 529 plans offer...
The Ups and Downs of Investing in Emerging Markets

The Ups and Downs of Investing in Emerging Markets

One of my favorite charts on investing is the Callan table of investment returns. The chart depicts the return of various asset classes1 from year-to-year, and just a glance at it shows how volatile relative returns can be. An asset class that leads the pack for...