Recent Blog Posts
Blog
Life transitions. Some we know are coming. Some we try to avoid. Many are surprises. We wish most to be joyful. All of them are impactful. Research has concluded that the average person will have 60 life events or transitions in the course of their life.
College looms in about 4 years for my oldest child and it is on my mind. I am not alone. One of the most common questions I receive from clients and prospects is, “How do we select and pay for college/post grad education for our children (or grandchildren)?”
Each year I sound older and older… but it’s amazing how fast things move in our world. Recently, I sat through a conversation by Tim Elmore discussing how to engage each other, especially different generations in our busy world. I took to heart how to use this to be a better advisor with my clients and to lead my children.
Did your IRA, Roth IRA or investment account get rebalanced yet?
They should have been.
Unfortunately, many advisers are unable or unwilling to correctly undertake the task for a variety of reasons. Rebalancing is placing a portfolio back into your correct target allocation of diversified US stocks, international stocks, global bonds, alternatives, cash.
The “fear of missing out”, stems from the comparisons we make- or what you could maybe call “keeping up with the Joneses”. I wish I had that car, those stock returns, that family, job, vacation, bank account, etc. This focus often leads to discontentment. I would be happier if I had X or Y... so we then covet- or simply put, develop a jealousy, that goes nowhere fast.