The recent Equifax security breach compromised names, Social Security numbers, birth dates, addresses, credit card numbers and driver’s license numbers. Our annual, gentle reminders to keep a watchful eye on credit reports have turned urgent.
The hurricane has me thinking about how to be prepared for emergencies. I imagine families trying to contact each other, computers and file cabinets under water, and businesses unable to function. If you are somewhere that was not impacted by the hurricane, use it as a motivator to be prepared should a disaster hit closer to home.
A client reminded me of some good budgeting advice this morning; I thought I’d pass his comments along.
A convenient truth of a 4% withdrawal rate in this market is that dividends and bond income will come pretty close to covering it. However, once you start withdrawing more than the income the portfolio can predictably produce, you are relying on growth to fund your spending.
The IRS ruled in January 2017 that they had classified syndicated conservation easement investments as “listed transactions” with commentary that the IRS believes these investments carry a strong potential for “abusive tax avoidance”.
When people speculate about what spending will look like in retirement, they usually come up with some version of the go-go, slow-go and no-go phases. They assume spending will stay the same or increase for several years while catching up on the fun missed while working (go-go), that they’ll slow down after that (slow-go), and at some point will reach “no-go”, wher
I received an email from David Harris at Prosperident offering free access to their Embezzlement Risk Assessment Questionnaire for free through the end of August. This is a quick (15 minutes or less) online questionnaire that allows you to analyze if a staff member's behavior is consistent with embezzlement.
Clients who want to retire before they are eligible for Medicare (age 65) are often concerned about how they’ll handle health insurance costs. Dental practice owners are probably used to paying this expense out of pocket already and have a better idea than most how much their coverage will cost, but the reality of paying the premium on their retirement income and realizing that
Clients, around the age of 60, start thinking about whether or not they should continue with their disability insurance. There is a diminishing return on investment when you consider that a disability policy only pays to a certain age, usually 65. While each year’s premium buys fewer years of benefits, it's also at a time when disability might be more likely.
I was recently quoted in a Forbes article titled "Should You Ask Prospective Financial Advisors About Their Finances?" The author asked whether I believed it was reasonable to expect some financial transparency from one’s