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 […]
Is a Coverdell Education Savings Account right for you? With so many college savings options, it’s hard to know which accounts to use. The first thing to realize is that the various accounts out there are not in competition with each other. In fact, they complement each other. There are important differences between these accounts, […]
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 […]
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 […]
HSA plans, short for Health Savings Account, should not be ignored. These were created in 2003 to provide special tax treatment for those with high deductible health plans. Let’s face it, health insurance premiums and medical expenses are through the roof! However, not everyone is eligible for a Health Savings Account. If you are, you […]
What a year it has been! As we say goodbye to 2019, here’s a look back at the Top 10 personal finance posts on The Astute Advisor blog. Hopefully you find some of these articles helpful. I love reading your comments and feedback. Please don’t hesitate to reach out. You can reach me via email […]
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 […]
Personal finance doesn’t need to be complicated. For that reason, I launched The Astute Advisor personal finance site. I was excited to reach a much broader audience. Lastly, I’ve always believed that the blog shouldn’t be my voice alone. I’m convinced my readers will benefit by hearing from other financial professionals too. Here are some […]
A Roth IRA conversion and Roth IRAs in general can be powerful tools in a retirement saver’s toolkit. The potential to accumulate a bucket of funds to be used tax free in retirement is very attractive. This is especially true when you realize how much of your 401(k) or Traditional IRAs will be taxed in […]
What a year it has been! As we say goodbye to 2018, here’s a look back at some of the most popular posts on The Astute Advisor blog. Hopefully you find some of these articles helpful. I love reading your comments and feedback. Please don’t hesitate to reach out. You can reach me via email […]
