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Wednesday, May 20, 2020

My parents are getting older and they soon may not be able to take care of themselves. What can I do to make sure that have the care and support they may need?This is one of those subjects that many of us will procrastinate or avoid...

Monday, May 11, 2020

Relocating can be exciting and terrifying at the same time. It is fun to think of the new experiences and the fresh start a new home in a new location can promise. There also happens to be a lot of work that goes into uprooting your...

Tuesday, May 5, 2020

Many financial advisors have recommended that clients not look at their retirement account balances. It is natural to see the decline in value and want to do something about it. This can lead to some poor decision making. Primarily,...

Monday, April 27, 2020

Well, did everyone go out and get their free oil? Who knew commodities could go into the negative? There were a lot of retail traders on Robinhood that didn’t, but they are what professional traders call “liquidity”....

Sunday, April 19, 2020

The money is rolling in. Even though congress squabbled as the CARES Act took shape, it took less than a month from the time the bill was introduced to when money hit bank accounts. I’ve previously discussed what can be done with...

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Sunday, April 12, 2020

Beginning this week, we should see government stimulus money deposited in American bank accounts. A family with a few kids can be looking at a decent little bump. But if you won the essential worker lottery maybe you don’t need...

Friday, April 3, 2020

When life was a little less busy my wife and I had a Thursday night weekly date to go drink margaritas and wander around some local stores. We’d always go to one of the big-name hobby stores and I would provide color commentary...

Thursday, March 26, 2020

So, what can you do if you don’t have emergency savings and, like many people right now, are staring down a significant financial hardship? If you don’t have an emergency fund you are probably operating on paper thin...

Thursday, March 26, 2020

I want to share some insight from a recent prospective client engagement. This is not meant to be an “I told you so” story. This is more of a cautionary tale and the very reason we favor the planning first approach when it...

Monday, March 16, 2020

Anyone who is semi-conscious realizes that the financial markets have been on a rollercoaster ride with a steep downward trajectory due to the global reaction to the outbreak. In fact, last week the markets entered Bear market...

Monday, February 24, 2020

Money is well known to be one the most common causes of problems in a marriage. There are a number of different issues which can be a catalyst for such challenges. In today’s column we address six common money issues for married...

Friday, February 7, 2020

What to do if you receive a call or email from the Social Security Administration asking for money or personal information First, do not be fooled if you receive such a communication from someone claiming to be from the Social Security...

Wednesday, January 15, 2020

The Secure Act has been passed by the house ratified by the senate and signed into law by the president December 20th, 2019. As written, it will go into effect January 1, 2020. What this means to you and changes you might need to make...

Thursday, January 2, 2020

As the year ends and we start planning resolutions with the best of intentions, many which will drop off the priority list in a few months. This is also the beginning of the tax season and many will be working on getting all those...

Tuesday, December 3, 2019

Medicare Part D was passed into law in 2003, implemented in 2005 and has been offering prescription drug benefits to enrollees since January 1, 2006. While this program has helped millions of Medicare beneficiaries with the high cost...

Tuesday, November 12, 2019

In this installment of our Medicare series we will address Medi-Gap insurance plans. Going back to our Medicare basics, remember that Part A is a government insurance program offering limited coverage for hospitalization, skilled...

Tuesday, October 8, 2019

Continuing in our series regarding the Medicare insurance program we will discuss what is Part C. To refresh readers, Medicare is a government insurance program which offers limited coverage through Part A for hospitalization, skilled...

Tuesday, September 24, 2019

In this second installment of the Medicare series we will dig deeper into enrollment periods and possible penalties to help beneficiaries decipher the consequences if they do not act in timely manner. Remember that Medicare is a...

Thursday, September 19, 2019

MC Basics Medicare is a complicated program with many moving parts and variables. The Annual Election Period is the period between October 15th and December 7th every year when beneficiaries may choose to switch their Medicare...

Tuesday, August 13, 2019

Should both the husband and wife be involved in family finances? That would be a resounding yes! My father passed away when I was 25 years old but being the youngest of six my mother had a large family to help her get through an...

Tuesday, July 30, 2019

Many small or independent business owners expect that their business will provide them with the retirement which they desire. Many of them may be right but there is more to creating a marketable business that has a resale value as...

Tuesday, July 16, 2019

Medicare is a very complicated program. To help clarify for Medicare Beneficiaries here are some FAQ's regarding Medicare Insurance What is Medicare? Medicare is a federal health insurance program for people who are age 65 and older...

Tuesday, July 2, 2019

I am a big fan of utilizing a team of professionals. Some obvious professionals to think about are doctors, lawyers, accountants and financial planners but it should also include anyone who has an expertise which you do not and one...

Tuesday, June 18, 2019

These designations tell the state who gets your assets when you die. If you do not set up the designations up prior to your death the state will put your estate, whether it is large, small or in between, through the probate process....

Tuesday, June 4, 2019

PG&E has been on a campaign to inform the general public to be prepared during blackouts. The reason behind this information is that PG&E will be more likely to instigate preemptive power outages in the future due to the horrible...

Wednesday, May 22, 2019

This may be one of the most important articles for Medicare beneficiaries to read. Email, text messages and many other modern-day technologies have reduced the need for snail mail however, everyone with a mailing address still receives...

Monday, May 6, 2019

Vacations in the scope of financial responsibility are considered a lifestyle not a fundamental goal. A financial planner is first responsible for guiding you to address fundamental goals then lifestyle goals as well as helping you...

Sunday, May 5, 2019

We hear repeatedly that one of the biggest challenges in marriage is how couples address finances. One of the best solutions for this to have open and ongoing communication about your finances. Of course, communication itself, is also...

Wednesday, April 17, 2019

Great question. This is a good time of year to take a closer look at finances. The holidays are a distant memory and taxes are hopefully out of the way. By now many have or will shortly receive any tax refund due to them. Before you...

Friday, April 5, 2019

According to ConsumerFraudReporting.org there are many scams currently which you need to be aware of. The following is a rundown of the most prevalent and some common sense tips to avoid this ongoing danger. Debt collection scams are...

Thursday, February 21, 2019

SALT is an acronym for state and local taxes and there has been a lot of discussion regarding their impact. The Tax Cuts and Jobs Act which Congress passed in December 2017 went into effect for tax year 2018 and specifically limits...

Wednesday, February 6, 2019

When I became a financial planner, no one informed me that I would need to play psychologist as well. However, it is a helpful skill for anyone who works with people and their money. After all, one of our tasks is to take the emotion...

Monday, December 17, 2018

The City of Lodi is facing a silver tsunami in the coming years. What can we do about it? This is a subject which I have written about in the past. As the new year approaches and we talk about resolutions, my hope is that our community...

Thursday, November 15, 2018

This is one of the most important issues for retirees as health care may be one of the biggest expenses in your so-called golden years. Being a complex issue lets break this down into a few segments. First, we will look at Medicare...

Wednesday, August 29, 2018

My wife and I are considering moving to another state to retire. What issues should we take into consideration? This is a great question and there are a number important factors that should be considered before making such a major...

Wednesday, August 29, 2018

I recently spoke with a couple of neighbors who asked if I would write about college savings. So here is an overview of some options. Custodial accounts have been around for a long time and are one of the older options available to...

Wednesday, August 29, 2018

Of course, my first response to this question is yes! If two people commit to spending the rest of their lives together then yes they should combine their finances. There may be exceptions to this but consider that finances are always...

Wednesday, August 29, 2018

First, as a parent you must lead by example. If your finances are a mess, you can't possibly pass on good money management to your children. Do you and your spouse talk about budgeting? Do you plan ahead? Or do you wait until there is...

Wednesday, August 29, 2018

My parents are getting older and soon they may not be able to take care of themselves. What can I do to make sure that have the care and support they may need? This is one of those subjects that many of us will procrastinate or avoid...