Financial professionals sometimes get wrapped up in the overly-complex – retirement projections, Monte Carlo analysis, trust and estate planning, and complicated portfolio design. It often comes to mind that we need to stop and remember what the most important concepts are in successful financial planning, and that can be boiled down to a very simple [...]
Posts under ‘fee-only’
Comprehensive Financial Planning – Explained
From time to time, the question is asked of me: What exactly makes up a comprehensive financial planning engagement? Since you know from reading about my practice that I operate in an hourly, fee-only fashion, you should know that a truly comprehensive financial planning engagement requires 10 to 15 hours of effort by the financial [...]
Advice for 401(k) Participants: Independent, or Not?
In case you haven’t been following the discussions – and let’s face it, you have way too much time on your hands if you have – there has been a quite a debate going on in Congress lately on how to and who should provide advice to 401(k) participants. Let’s back up a bit and get [...]
Not Scared – Too Much Fun Ahead!
As I write these lines, it is Friday, February 13. Now, for many folks, the very prospect of a Friday the 13th is a frightening thing to behold. But from my perspective, looking out on a beautiful pre-Spring sunlit day, I am reminded that TODAY, for the Cubs and Cardinals, pitchers and catchers report for [...]
How To Make Sure Your Advisor Is No Ponzi
I just read this article by Annie McQuilkin, which provides some very good insights that can help to ease your mind with regard to your financial advisor. It has always made good sense to check up on who you’re placing your trust with, but it’s even more clear now after the Madoff thing. As pointed [...]
Treasury Picks Fee-Only Financial Advisor
For oversight of the administration of the TARP (Troubled Assets Recovery Plan), that is, the $700 billion recovery plan for the financial markets, the US Treasury made an interesting choice. They decided to go with the Fee-Only Financial Advisory firm of Ennis Knupp & Associates. Read the article from Forbes here. The interesting part is [...]
And if you've come here to learn about queuing waterfowl, I apologize for the confusion. You may want to discuss your question with Lester, my loyal watchduck and self-proclaimed "advisor's advisor".
