Managing your financial life is not just about money.

Monthly Archives October 2017

Lump Sum (Investment) vs. Pension (Insurance)

Most workers have a voluntary, contributory retirement plan option available to them at their place of work. The worker contributes money from his/her paycheck, the employer may also contribute funds to this account via some kind of match. The funds are invested. The money belongs to the employee and goes with him/her in retirement, or upon a job change. Common plans are named 401k, 403b and 457. Some workers may also have what we call a “defined benefit pension plan” available to them.  In some cases (municipal employees) money is mandatorily taken from their paycheck for this pension.  In other
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Investing 101 Pt.2

This is the second article in a series that will discuss and explain basic investment concepts in hopefully an understandable and meaningful way.  Whether you work with an investment advisor or choose to do your own investing, there are some there are things you need to know to be successful. Here is my take on what those things are. Think of stocks as companies. You will sleep better.  The very word “stocks” has a negative connotation for many of us. They can be scary.  They crash. You can lose all of your money.  An easy way to deal with this
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Investing 101

This is the first article in a series that will discuss and explain basic investment concepts in hopefully an understandable and meaningful way. Whether you work with an investment advisor or choose to do your own investing, there are some things you just need to know to be successful. Here is my take on what those things are. You need to own some stocks in your portfolio, and probably more than you think.  Bonds are guaranteed and are perceived as safe.  However the 10 year government bond, as of this writing, is paying about a guaranteed 2%.  Take away taxes
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