Archive | Personal Finance

Investor Behavior

Does Behavioral Finance Matter?

Investing success relies more on patience and discipline than return on investment. It can also require pain and sacrifice. Yet, many focus so intently on potential returns and trying to predict the future. Instead, focus on what you can control. The biggest risk to investing success is our own behavior. Behavioral Finance Defined Behavioral finance is the […]

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What is diversification?

What is Diversification?

Diversification is an important principle that prudent investors and advisors adhere to. It is best explained by the expression “don’t keep all of your eggs in one basket.” If XYZ stock is the basket you put all your eggs into and it goes haywire, all your eggs are gone. And that isn’t good. Diversifying requires an investment […]

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Follow these tax planning tips for 2017 and bring your A game at tax time.

Required Minimum Distributions – The IRS Loves It When You Turn 73

The IRS loves it when you turn 73, but you won’t get a gift or even a card. The Internal Revenue Service can’t wait to get their hands on your hard-earned dollars. This might be why the IRS is sometimes referred to as the Infernal Revenue Service. Happy birthday and get ready to pay more taxes thanks to […]

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Roth IRAs: 5 Things Retirement Savers Must Know

Roth IRA – 5 Things Retirement Savers Must Know

A Roth IRA is an important part of a retirement plan portfolio and deserve a close look from those wanting to make the most of their financial planning. This powerful retirement planning tool was first introduced as part of the Taxpayer Relief Act of 1997 by then Senator William Roth, Jr. from Delaware. Prior to its introduction most retirement accounts […]

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