I’ve written many times on the topic of “retirement planning”. Whether you think it’s a valid concept or not is not something I want to address in this week’s blog post. I do want to talk about the idea of the “moving target”-another huge elephant in the room-of the financial planning industry. The “moving target”, [...]
Entries Tagged as 'Asset Preservation'
So…How Much Money Do You Need For Retirement, Exactly?
June 27th, 2010 · 2 Comments · Asset Preservation, Insurance & Savings, Investing, Retirement Planning
Financial Planning Begins Before You Are Rich
March 15th, 2010 · No Comments · Asset Preservation, Philosophy In Financial Planning, Wealth Creation
Most of the people I talk to about financial planning assume that they need money in order to do financial planning. To some extent, this is true (education is not free). However, the process of financial planning is a lifelong process that starts prior to finishing highschool. This seems incredible to most people, but financial [...]
Saving Gold
November 30th, 2009 · No Comments · Asset Preservation, Insurance & Savings
Let’s put things in perspective, shall we? Many people are now realizing the power of precious metals-specifically gold. But, while I encourage you to learn more about it, I also urge you to keep things in perspective. Gold is not an investment, at least, not a serious one. It is a way to preserve the [...]
Dear Dave: Estate Planning
November 2nd, 2009 · No Comments · Asset Preservation, Budgeting & Money Management
Many financial planners (and their clients) have been totally convinced that estate planning is a valid and important component of financial planning. I disagree. Estate planning was a response to the first Federal estate tax introduced in 1797 (the stamp act of 1797) and then later as a response to the Federal income tax which [...]
Dear Dave: Taxes
November 2nd, 2009 · No Comments · Asset Preservation, Budgeting & Money Management, Wealth Creation
Taxes suck, but we all have to chip it to “do our part”, right? We should all not feel so bad about paying “our fair share”, right? Ba-humbug, I say. The “paying your fair share” mentality is the childish mentality of dependence, not the adult mentality of personal (self)-responsibility. When the first income tax was [...]