We moved to the Town of Westfield with the idea that we would stay for 10 years and then move on to the next step of our lives. We never defined that next step because 10 years is a long time, and perhaps that explains why our former 10-year plan will soon be 20 years old.
When we speak with clients about their legal documents, clients often question why they need wills, powers of attorney, or health care proxies. The answer is we don’t know how life will unfold. Sadly, we’ve witnessed calamitous events happening to people of all ages.
When you hear the phrase ‘the market is rich,’ it refers to the stock market having a high P/E ratio. But let's learn a little more about what that truly means...
If you want to stay close to your family, or to your friends, start a tradition. You don’t necessarily have to announce it’s a tradition, but you will have to repeat it for it to become a tradition. My hunch is repeating the same event a few times will put it on everyone’s calendar, and voila, a tradition is born.
You won’t have to search for long before you find a headline blaring a warning that the market is too high. Or too richly valued. Or it’s been these many days since the last recession. Or these many days since the previous bear market. It’s not profound to state that each day brings us closer to a market peak because we’re always one day closer to a market peak. But what to make of these prognostications?
For years, large private equity firms have lobbied to gain access to smaller investors. Specifically, there has been a long-running campaign to add private equity investments to 401(k) plans. It appears those efforts may be starting to pay off.
To what extent should we offer to help family members who are struggling with finances? Would you turn down an adult child, or grandchild, if they needed help? And if you did turn them down, how might that impact you emotionally? Or how might it affect your relationship with your family?
Should I invest in the Magnificent 7? How often should I look at my portfolio? Insights on these questions, just a click away.
The "0.01% rule" states that if you are torn about making a purchase, you don’t need to stress about it if the amount of money at stake is 0.01% or less of your net worth. Someone with $500,000 in wealth could spend $50 worry-free. But is it that simple? Let's dive in.
When seniors make the decision to move into a senior community, they do so with the hope and expectation that they have made the right choice. Select the wrong community, and the golden years may feel somewhat less than golden. Over the past year or so, John and I have spoken with a few clients who are considering a move to senior housing for themselves or a family member. Based on my personal experience dealing with my own family members, along with lessons passed on to us by clients who have gone through this journey, I am now in a position to share some of what we’ve learned.