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financial planning

The Investor’s Dilemma

Will the Human Side of Investing Make You Poor? Many investors face a dilemma. You need to grow your assets so you can meet your personal financial goals. Yet emotions and a fear of loss often drive self-defeating investment decisions. Let’s look at how emotional decisions interfere with your ability to develop and maintain an investment strategy that works to grow your investments year after.
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2 Incredibly Effective Ways to Give During Retirement

  People sometimes think they should stop or reduce their charitable giving when they retire. There are many things to take into account when developing your retirement lifestyle plan. Among those considerations, you may take pride in helping organizations and causes near and dear to your heart, and want to continue your charitable giving throughout retirement.
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Stock Inversions Can Be Good for Nonprofits

Although corporate stock inversions have come under fire lately, U.S. based multinational companies continue to announce inversion plans. In an inversion transaction, the shareholders of the U.S. Corporation must exchange their shares for shares of the foreign parent corporation.  Although the stock inversion transaction qualifies as a tax-free reorganization that imposes no tax on the U.S. Corporation, this exchange
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Financial Advisors, Are You a Doctor or a Pharmacist?

How Financial Professionals Can Get In The Way:  Many advisors unwittingly (or in some cases, not so unwittingly) tap into or add to people’s already existing fears. They don’t explain the difference between voluntary and involuntary philanthropy. When people regularly respond, “Well, no, we’ll need that money for us and the kids,” many financial professionals conclude that the conversation is over. Additionally, the
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Lack of a Financial Plan

Many people spend more time and care planning their vacations than they spend on their financial and estate planning. They pore over travel guides and find the best rates online, all in anticipation of a week or two in their future. Probably because of our human impulses, planning for short-term fun can trump long-term gain. With the future uncertain, risks to be managed, a retirement for which we fear we may not hav
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Money: How Much Do I Really Need?

Many people could easily write big checks, but something holds them back. Most of our clients are age 60 and over and have a net worth generally in the range of one million to thirty million dollars. They could spend hundreds of thousands of dollars more than they spend now, but they can’t bring themselves to do it.  When shown that they have excess wealth, they might travel more or perhaps buy a second home, b
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It’s Not Just About Money-Why many fall short

In his book “Drive,” Daniel Pink summarizes three primary motivators of human behavior – and none of them is money. The first one is autonomy. We want to be able to have the freedom to do as we wish, the way we wish, and independence from needing anything from anybody. The second motivator is mastery. Golfers know there’s only one reason to play the game: to get better. Otherwise, you would have to admit, it is a pre
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Do More That Matters Legacy Planning, Greg Hammond

If you knew you could, wouldn’t you?

Financial Planning It is a rhetorical question, because the answer is a given.  If you knew you could, of course you would – it seems nobody would ever say otherwise. Any of us would if we honestly thought we could, right? The problem, however, is that all too many of us don’t know this and don’t believe we can. From our professional experience, we have come to realize that the vast majority of us really do have prov
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