Hawaii 5-0: A Clarification

Clarification:

I received a number of inquiries regarding my comment highlighted below in green.  

  • The reason I said, “…I am working on ALL of them except #3 & #4…” is because I was able to achieve #3 — maxing out on retirement contributions to a 401k and IRA — long ago in my late 20’s.  Being able to achieve this goal was often at great sacrifice involving less leisure travel, not owning car for the first 10 years after college, and choosing small (VERY small – and cheaper) apartments in New York City.  I have remained committed to maxing out my retirement contributions over the years into the present and I pass along this advice to “max out” at every appropriate opportunity.

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Hawaii 5-0

Turning the “Big 5-0” is something that can be celebrated or dreaded.  For me, I chose celebration — in Hawaii just recently!  I truly believe that life keeps getting better with the turning of every year.  Perhaps someday the experience will change, but so far so good.

hawaii

Various milestones whether it be reaching a certain age, job position (change/ promotion/ retirement), family stature (marriage/ parent/ grandparent), or even sporting achievements…deserve to be recognized. Then, along with recognition comes reflection. Of course, for me, having chosen to manage peoples’ financial lives as a profession, reflecting a great deal on the future comes naturally.  My husband may even say that I drive him nuts “reflecting” on the things we need to be doing today and over the next 10-15 years to make retirement a reality. Continue reading “Hawaii 5-0”

Marketing Insurance as an Investment to Young Adults

Every once in a while, there are topics in the realm of “investments” that pique my interest, or even cause me concern.  Over the past year or so one of these is the topic of marketing insurance as an investment to young people.

Young ProfessionalsFor those of you who watch college sports on TV — or at live games — you may have picked up on what I am talking about. Obviously, college sports, especially football and basketball, are BILLION dollar industries.  The industries surrounding the picking of teams and players are also beyond lucrative.  And the advertising opportunities on television and at live games are immense.  In walks my concern:  all or most of the major insurance companies have become primary, big dollar sponsors of either or all:

  • today’s college sports games,
  • the schools competing
  • the stations carrying coverage.

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Gut Check in Rocky Markets – 2016

In times of stock market weakness – like we are seeing over the past month – we can tend to get scared.  We are human.  However, I stress to my clients and friends NOT to allow short-term market moves (monthly, quarterly…even yearly) to lead to poor decisions.  Why?  Please read on…

The following chart reads like a cartoon so not to worry that I am sending you a complicated graph.  The RED DOTS = how much the market went down sometime during each year.  The BLUE LINES = where the market finished at the end of the year.

Greatest Chart Ever

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