by Rupe | May 15, 2015 | Money Matters
In 2002, veteran Doug Nordman reached a crossroads that would redefine the way he viewed work, life, and early retirement. After serving 20 years in the U.S. Navy’s submarine force, he faced the possibility of starting a brand new career at age 41. Needless to say, he wasn’t thrilled at the prospect.
It wasn’t that Nordman didn’t want to continue working. Quite the contrary, really. As Nordman tells it, veterans, in general, have a burning desire to continue working long after their military service has ended. Whether it’s to continue helping others, to continue serving, or simply to feel relevant, the drive to be a productive member of society is deeply ingrained in most veteran’s psyche.
Source: Is Early Retirement More Attainable Than We Think?
My Comments: Absolutely concur – this is doable.
by Rupe | May 15, 2015 | Money Matters
Sh
ould I prioritize saving for my child’s college education over my retirement? What is the best mix of investments to reach my retirement savings goal? How can I ensure that my savings last through my retirement years?
These are just a few of the questions that clients of Vanguard Personal Advisor Services® are asking their financial advisors. The new service is available to clients with $50,000 or more in assets. Personal Advisor offers the opportunity to partner with a financial advisor to develop and implement a personalized, goals-based investment plan.
“Personal Advisor now makes comprehensive financial advice more accessible and affordable to investors who need help,” said Karin Risi, head of Vanguard Retail Services. Vanguard Advice Services has been providing financial planning and wealth management services for nearly 20 years to Vanguard clients with $500,000 or more.
Source: Vanguard introduces a low-cost advice service to more investors
My Comments: Really like this approach – looking into moving wholeheartedly to Vanguard.
by Rupe | May 14, 2015 | Money Matters
Portfolio diversification suggests that you would have adequate exposure to multiple sectors at the same time. However, it’s highly unlikely that all stock sectors will perform equally the same at the same time. Some invariably will do better than others. A sector rotation strategy would be one way to act on that. The goal, quite simply, is to invest more heavily in sectors that you expect will outperform other sectors over some period of time. Conversely, you would reduce your exposure to sectors that you
Source: Sector Rotation Strategy: Diversification With a Tilt | Scottrade, Inc.
My Comments: Sure this is much to the advantage of the brokerage house.
by Rupe | May 14, 2015 | Money Matters
Risk means different things to different people. Someone with high risk tolerance might be entirely comfortable with a large exposure to the stock market and the volatility that comes with it, even as retirement years approach. Those who are more risk averse might want a nice smooth, low-risk ride for decades. But it might not do you much good to know your risk level if you can’t measure it. How do you know if a particular stock is riskier than others? How do you know if your portfolio might be subject to l
Source: Risk Tolerance in your Investment Portfolio
My Comments: Will fold this into my analysis – awesome!
by Rupe | Apr 28, 2015 | Money Matters
I believe that children live what they learn.
If you want your children to be better money managers, you need to model that behavior in your home. They need to see you saving, spending wisely and using credit sparingly. They need to watch as you make good financial decisions.
A recent Bank of America and USA Today survey of millennials confirmed this parental influence, with 58 percent saying their parents’ advice or their example had an impact on their financial decisions.
Source: How to make kids financially foolproof – The Washington Post
My Comments: This is awesome stuff for kids.
by Rupe | Apr 24, 2015 | Money Matters
Start by teaching them that there are benefits in waiting for things.
Being a parent presents us with daily challenges, including decisions about what things to expose our children to. One of the questions I am constantly asked by parents is what should they teach their children about money, and at what age.
Talking about money is no different from talking about how to keep healthy or how to keep safe when using the internet. If your child thinks money is something that “mom and dad get from a machine,” then they don’t know how hard their parents work to generate an income for the family and meet all of their expenses.
Source: There is a right way to talk to your kids about money – The Washington Post
My Comments: Yep! I will start on this, this weekend.
