To ensure your wishes and goals are met at the end of your life, estate planning is vital. Though it can be an uncomfortable and tedious process, communicating your desires and creating a plan can give you the confidence to confirm that your estate will be taken care of according to your wishes. Estate planning […]
The trap that gets even financial experts and banks In the mid-1950s, my parents bought their first house using a fixed-rate 15-year mortgage. The payments were exorbitant – almost half of my dad’s take-home pay. By the time they paid off the loan in the late 1960s, the same payment cost only as much as a […]
Take a play out of NASA’s playbook: Stress test your investment portfolio, identify risks, and learn if your retirement plan needs adjustment. My day “job” as a consultant is supporting NASA technology-development efforts. From time to time, I also support NASA flight projects. If there’s one thing NASA excels at, it’s developing complex missions and […]
Are you nearing retirement and wondering how much you should have invested in stocks? In a previous article published on Wealthtender, I covered the importance (albeit unpleasantness) of good retirement planning, the 7 risks you face, the ideal (but impractical) solution, and offered a more practical approach. That approach requires investing in higher-risk/higher-reward assets like […]
I’m not an advocate of “get rich quick” ideas. There are tons of guru’s who will promise to teach you “their way” to get rich quick. It may work for some but to me, the best way to build wealth and keep wealth is a slow, boring process that requires discipline through good times and bad.
Have you ever wondered how to retire early? The idea of retiring in your thirties is enticing, but the cost of living is so high today that it seems out of reach. I used to feel the same way. I wanted to live right and spend less, but it seemed like a pipe dream. Then, […]
Occasionally, I get a reader request to cover a specific topic. As a writer, it’s one of the best compliments you can give me. And though I really appreciate any of you spending some of your busy days reading what I write, clapping for my article, and/or leaving praise in a comment, asking me to […]
Are you looking for a wealth management firm that can also handle your tax planning needs? While most advisory firms will direct you to speak with your own accountant or tax advisor, Falcon Wealth Planning specializes in tax planning as an integral component of the wealth management services they offer clients. The services offered by […]
I get it. It’s scary. Especially these days, with the S&P 500 just 2.6% off its all-time high of 4725.79 set on Dec 23, 2021 (see closing-price chart below), and with the index swinging up and down by over 1% almost daily. And seeing how bear markets can wipe out half or more of your […]