Financial Planning Archive

Don’t Make This Costly Beneficiary Mistake on Your IRA Account

You’ve done your estate planning. You’ve put assets into a trust, that distributes to your heirs upon you and your spouse’s death. You and your spouse are the trustees and instructions are clear for the backup trustee. Most of your assets will avoid probate. You also took care of any estate tax issues with trust …

Estate Planning Lessons from Dad

A wonderful story appeared in the financial blog GetRichSlowly: Rather than blab let me share the author’s words: But the most unexpected financial lesson my father taught me came after he passed away. I am the executor of his estate. My dad was always a planner, but the things he did to make this processes …

College Planning for Older Parents and Grandparents

One of the most difficult realities facing families today is the realization that saving for college is just not going to be a possibility. Why? Once someone realizes that he will need over $250,000 to secure himself in addition to social security, and once people realize that they need to save a significant sum for …

How to Downsize Your Home

Typically I write my own articles on this site (saving the task of linking good outside articles to something I do at my personal site ChrisGrande.com). However i thought this “How To” article from WikiHow on “Downsizing Your Home” wass nifty so I will share: WikiHow – How to Downsize Your Home As the article …

Getting Paid to Save for Retirement

a tax code benefit for lower income folks goes often unused… Getting paid is always a good thing. Getting paid to save money is even better don’t you agree? If that’s true, then why are people, who most need to save and who could most use some extra cash, not dingo it? ¬†What I’m referring …

Why Do The Investments You Like Test Your Patience While Investments That Make No Sense Continue to Float Up

An overwhelming equity bias, and need to be “fully invested” cause all kinds of pricing discrepancies in various investment assets I was reflecting on ¬†comments made by fund manager Bill Fleckenstein about how it seems that investments with a sensible thesis and fundamentals at their back seem to test investors’ patience, and investments that defy …

Why Are Americans Dipping Into Savings?

According to the Federal Reserve, Americans dipped into savings to the tune of $311 billion in the last quarter. The Wall Street Journal reported that this is the deepest that Americans have drawn into savings in 6 decades. In fact, in the last 57 years, Americans have never made a net quarterly withdrawal from savings …

It May Be Best to Go For “Cash Flow” in Your Portfolio

And with markets manic depressive as they are now with government/hedge fund/big bank manipulation of asset prices, dividend strategies are just one of a few strategies to consider in choppy markets to boost cash flow. Here is a list of things I do, including dividend strategies, to try to make sure I have a chance …

Roth Conversions Get a Boost from Obama

Regardless of what you think about the extension of the tax cuts and unemployment benefits that recently passed Congress at the President's urging, the situation has: 1. opened up an opportunity for those still mulling a Roth IRA conversion 2. Reduced expected taxes on those who elected to pay the conversion taxes