You may be amused by the efforts of some of your friends and neighbors as they try to “chase the return” in the stock market. We all seem to know a day trader or two: someone constantly hunting for the next hot stock, endlessly refreshing browser windows for breaking news and tips from assorted gurus.…
Read MoreWhen I was growing up outside of Portland, Oregon, one of my favorite pastimes was going to Powell’s Bookstore—the largest independent bookstore in the world. I’d spend hours upon hours finding and reading books there. Not much has changed as I’ve grown older. While I spend less time in bookstores, I still have an insatiable…
Read MoreDo bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior. #1: Lending money to family & friends. You may know someone who has…
Read MoreThis is the year! Yes, you can make 2013 the year you alter your financial life for a better financial future. Let’s look at some steps you might think of taking with the goal of financial freedom in mind. No, we’re not talking about those ridiculously obvious steps the usual articles recommend, like “write your…
Read More64% of Americans have no financial strategy at all. That’s right – no plan whatsoever to build wealth or keep it. That finding comes from the 2009 National Consumer Survey on Personal Finance conducted by the Certified Financial Planner Board (CFP Board) of Standards, Inc. (The survey collected data from 1,700+ U.S. residents.) Only 17%…
Read MoreAny investor would do well to call on three friends during the course of his or her financial life: diversification, patience and consistency. Regardless of how the markets perform, they should be a part of your investment philosophy. Diversification. The saying “don’t put all your eggs in one basket” has real value when it comes…
Read MoreWhat is enough? What is not enough? If you’re considering retiring in the near future, you’ve probably heard or read that you need about 70% of your end salary to live comfortably in retirement. This estimate is frequently repeated … but that doesn’t mean it is true for everyone. It may not be true for…
Read MoreRobert Pagliarini, an expert in wealth management, inheritance planning, financial planning, and sudden wealth™, writes a financial column for CBS News MoneyWatch that is also syndicated in newspapers across the country. The following is a column Robert wrote for CBS: Alcohol, crack and heroin are known to be highly addictive, but can something as innocuous…
Read MoreShouldn’t you delay IRA distributions for as long as you can? According to conventional retirement planning wisdom, you should structure your retirement withdrawals so that money comes out of your taxable accounts first, then your tax-deferred accounts, and then finally your tax-free accounts. Roughly speaking, that means withdrawing income from investment funds, CDs, money market…
Read MoreRobert Pagliarini, an expert in wealth management, inheritance planning, financial planning, and sudden wealth™, writes a financial column for CBS News MoneyWatch that is also syndicated in newspapers across the country. The following is a column Robert wrote for CBS: Last week I wrote a popular column titled 10 Free Christmas Gifts That Won’t Cost You…
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