Know Your Number

When saving for retirement, how critical is it to know your number? Fidelity, ING and many other Wall Street based financial institutions stress knowing your number. But is that the right way to go about planning for retirement? In a recent Harvard Business Review article, Nobel Prize
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Investment Lessons We Can Learn From The Phillies

With the stock market at record highs, I thought we could take a lesson from the state of the Philadelphia Phillies organization. Given that the Phillies are seemingly full of superstars, why are they struggling? The answer is pretty apparent. Most of their stars are now past their pr
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What Does a Floating BMW Have To Do With Retirement Planning?

A few weeks ago, on a Wednesday, we had a terrible storm that dumped over 5 inches of rain in the Philadelphia area.  During that storm, I was driving through Pennsauken on route 130 South in my new BMW, on my way to downtown Philadelphia. At a dip in the road, there was some water ac
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Having A Retirement Account Doesn’t Mean You Have A Retirement Plan!

I recently read that we make, on average, 612 decisions every day.  Everything from what color tie or pair of shoes to wear to who should we marry, should I buy my first house or how should I save for retirement. Obviously, some decisions are more important than others.  Some decision
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The Devil Is In The Details….Alternative Long Term Care Policies

Lately, the marketplace has become overrun with life insurance and annuity policies that include a long term care benefit.   As traditional long term care policies jump in cost overnight, families are looking for affordable alternatives. My comment related to these policies is this:  
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Over 50? It’s Time to Shift Your Financial Gear

Lots of things change as we get older, and things that were right for us at 30 seem out of place at 50. Knowing when to switch gears in life is important, whether it’s in the jeans you’re wearing or your financial planning. For a large portion of your life, your focus of course
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My Love/Hate Relationship with Suze Orman

When it comes to handling personal finances, the first place a majority of people turn is to the internet, television, magazines and/or the radio.  Why?  Well, because it’s easy and because it’s everywhere! One personality that is the poster child for this type of media based advice i
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Get Out Your Crystal Ball

Many of you who have been to my office know that I have a crystal ball sitting in my conference room.  I have been carrying it around for 20 years, ever since I bought it in Puerto Vallarta, Mexico from a mysterious street vendor. I am sorry to say that all predictions from my crystal
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Retirement Planning and Social Security

It is no secret that the social security trust fund is spending more than it is collecting.  While there is no immediate crisis, it is important that investment advisors and financial planners consider the possible impact that this will have on your retirement now and in the future. A
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Are Mutual Funds A Safe Place For People To Have Their Money?

Here is a recent excerpt from an interview with John Bogle about whether mutual funds are a safe place for people to have their money… John Bogle:  “It is as safe as the stock market, which is to say — to be quite blunt about it — not safe on any short-term basis.  But when you
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