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Subscribe to this list via RSS Blog posts tagged in Financial Planning

Posted by in News

May 8, 2017

By J. André Weisbrod

Do you regret some major financial decisions?  Most people do.

In 2016 Bankrate.com published results of a survey that found only 17% of Americans said they had no financial regrets.  The biggest regrets were:

·         Not saving for retirement early enough

·         Not saving for emergency expenses

·         Taking on too much student loan debt

·         Taking on too much credit card debt

·         Not saving enough for children’s’ educations

·         Buying a bigger house than you could afford

I have heard many people express regrets over these actions as well as others, including spending too much on vacations, too much on cars, buying the wrong or too expensive insurance, and making bad investments.  None of us is perfect and I imagine most of us – even the 17% in denial above – would change some financial decisions if we could.

Living in the past doesn’t do much good.  But learning from it is very good.  The younger we get this the better.   But no matter our age or situation, we can take actions to improve our financial condition.  I submit seven major actions:

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Posted by in News

March 30, 2017

By: J. André Weisbrod

Every year around this time a nationwide consternation builds up regarding taxes.  This is especially true for investors with diversified portfolios, and even truer for investors who own private investments, including partnerships, small corporations and LLCs.

I think people often get more agitated than they need to be.  Understanding the processes can help us relax a bit.

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Posted by in News

January 16, 2017

Dear Reader,

I am reaching out to you in this blog letter because I care about you.  It’s not just business. 

There is a lot of information, disinformation and misinformation out there about financial matters.  A lot of sales people are hyping various products that are supposed to solve problems.  Many make claims that are not substantiated by facts and/or audited figures. 

I submit to you that the biggest issue we all face is wise planning.  Someone once said… 

“Failure to plan is tantamount to planning to fail.” 

I agree.  First let me talk a bit about the past year and why many have a poor understanding of what happened and why expectations for many were not met and why reactions to disappointment could expose you to significant financial mistakes. 

I recently wrote an article published exclusively in Seeking Alpha Pro.  It will be available to all readers in early February.  (If you want to read a wide variety of articles on investing and markets, I encourage you to visit the Seeking Alpha site.)  A few introductory points were these: 

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Posted by in News

By J. André Weisbrod

October 31, 2016

In part 1 I described the types of investments that can produce retirement income.  To make good decisions we need to understand how they work and apply practical math in order to compare possible and probable results. 

I made the case for dividend-producing stocks over bonds and CDs.  Interest rates are just too low to get a real return above inflation and taxes.  While many retirees will prefer balanced portfolios that contain 20-40% in Bonds and CDs, they will have to keep their spending lower to make it work.  My comparison today will be between an income-equity portfolio of Stocks and Real Estate Investment Trusts (REITS) and a Single Premium Deferred Annuity with a 6% payout “for income purposes.”

I actually did a 35 year analysis going out to age 101.  I compared the results of both alternatives using the following assumptions:

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Posted by in News

Posted August 17, 2016

Save the Date!  Life Changing!  2nd Workshop Opportunity

Coming September 17!  9 AM – Noon
(Continental breakfast starting 8:30 AM)

(The first 18 family units to sign up will also receive “The Path to Prosperity” 12 volume audio books by Steve Beaman, a $75 value – don’t procrastinate because 10 are already signed up.  This is in addition to the workshop Workbook.  Reservation procedure is at the end.)

OK, here we go again.  Don’t miss this opportunity.  Where can you get a guaranteed 33% return on your money?  The answer in a moment.  For Families (including teenagers).  For Singles.  College Students.

Are you Fit of Phttt?!!  Would you like to be in better shape?  Physically, mentally, spiritually, financially?  Better in your career or business?  Better with relationships?  Family, marriage, friends and church?

This Saturday morning event will lift your mind and spirit.  Be ready to be surprised.

Seeking the Abundant Life:
The Calling and Power of Biblical Stewardship

Did you know that stewardship is about much, much more than money?  That money is only one part of the calling we all have to preserve, utilize and manage our lives and all we have been given?  We will take a fresh look at the concept of dominion and stewardship, discussing and applying scripture to all aspects of our lives: personal, family, work, business, entrepreneurship, recreation, health, finances church, and ministry. 

Get ready to learn from each other.  The stimulating and effective format will emphasize Bible study and discussion as we seek to learn from each other.  “As each has received a gift, employ it for one another, as good stewards of God’s varied grace…” (First Peter 4:10)  We all have experiences and many have expert knowledge in areas we will be covering.  So bring your experience and knowledge so we can all give and receive.

Sponsored by the Triumph Church Stewardship Committee, the workshop is organized and presented by award-winning author, All-American athlete, speaker and financial advisor André Weisbrod.  Couples, singles, and high school and college students:  This workshop could be a life-changer.

Date:  Saturday morning, September 17, 2016

Where: Triumph Church on Mt. Nebo Road.

Time:  Continental Breakfast starts at 8:30 AM.  We will come together at 8:55 AM and the workshop will start promptly at 9 AM and go to noon.

Oh, about that guaranteed 33% return?  The workshop will cost each family unit (up to 4 people) $15.  And if you complete the workshop you will get your money back plus $5!  Now how can you let that go?  Be there or be square.

To reserve your seat(s), please mail the following:

Your Name:

Names of family attending with you:

Mail with your check for $15 payable to Triumph Church to Andre Weisbrod, Abundant Life Workshop, 604 McKnight park Dr., Pittsburgh, PA 15237.  Your check will not be cashed.  When you complete the workshop, you will get your check back plus $5 (if you do not complete the course, Triumph will accept your check as a donation. . Thank you!

Don't be Phttt!  be fit!  All-around!  We'd love to see you!

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Posted by in News

Part 2: Strategies for Different People at Different Stages of Life

May 17, 2016

By: J. André Weisbrod

Summary

  • Where to put your investment capital is a key consideration for anyone.
  • Part 1 made a compelling case for equity investments for people of all ages.
  • But there is a more important planning consideration that must come first:  Will you have or do you have enough capital? If you are not yet retired, are you investing enough of your income so that you can become financially independent?  If you are at retirement age or already in retirement, do you have enough capital to create an inflation-proof income for the rest of your life?  If not, then “retirement” (I prefer the word “independence”) may not be an option.  Sign up for a free membership on our website and you can access many free planning Cool Tools.
  • Where to put your investments is a futile question if you haven’t addressed the previous issue.
  • Once you have addressed the planning considerations, you can then address where to put your investments.

When I was a young boy I would watch my father come home from work, clear out his pockets full of keys and notes and money and put them on his dresser.  The change was put in a cardboard box. 

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Posted by in News

The Only Thing to Fear…

Monday, January 18, 2016
By J. André Weisbrod

“The only thing we have to fear is fear itself.”  This is the famous quote from Franklin Delano Roosevelt’s 1932 inaugural address.  With stock markets retreating amid global uncertainties, here are some considerations:

·         The two causes of the biggest financial mistakes are fear and greed.

·         The stock market loses value approximately three out of every ten years.  Over the past 10 years, only one was a complete loser, 2008.  2015 was a bit of a mix, but on balance a loser.  Will 2016 end up a loser?  Or will it be one of those years that see losses during the year but recover by the end?

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Posted by in News

2016 Economic and Investment Outlook

January 14, 2016 

By: J. André Weisbrod

 

SUMMARY:

  • Predictions can be a fool’s errand.  The more variables, the more difficult it is to forecast outcomes.  That said…

  • Variables are legion and include: Overall economic growth and company profits; employment; International economies; oil prices; inflation; debt; politics; terrorism;

  • Though somewhat of a toss-up, I will suggest the probability for 2016 is for a modestly positive year for stocks and another flat or losing year for bonds.

  • The above bullets were written January 4, and I have preserved them intact.  Has anything changed except for China and the price of stocks?  Yes and no.  The China fiasco points out that we are vulnerable to global economic events as much or more than ever.  This is truly an interlinked and interdependent planet.  The third bullet, though, remains a statement I can live with.  A “toss-up.”

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Posted by in News

November 17, 2015

Health Insurance, Taxes, Independence & Retirement, Social Security

Health Insurance Open Enrollment Periods End Soon

Medicare/Medigap – October 15 to December 7, 2015.  This is the window in which you can shop for the best benefits and premiums without having to qualify via medical underwriting.  If you are newly eligible or even if you already have coverage, you should look at your options now.  Make sure you have the best coverage for your money.

ObamaCare - November 1, 2015 to January 31, 2016.  If you have any health conditions that would make it difficult to obtain insurance at good rates through policies that require medical underwriting you should look at your options now.   Existing 2014/2015 plans expire on December 31, 2015. To avoid any gaps in coverage, you should consider enrolling by December 15, 2015.

Group Health Plans Should Be Reviewed Also

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Posted by in News

November 21,2014

Financial & Tax-Saving Actions to Consider before Year End 2014

Please call 412-367-9076 if you have questions or need to act on any of these.

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Posted by in News

October 21, 2014

By J. André Weisbrod

Procrastination Prevents.  Here are some things to seriously consider now if you are…

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Posted by in News

By Dan Busatto

We are just beginning to discover the ramifications of the Affordable Care Act.  Whether you are an employer or an individual looking to solve the health insurance puzzle, read this brief article.

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Posted by in News

March 31, 2014

 

Articles of interest you might have missed:  March Madness in Washington; 10 things your real estate agent won’t tell you; Is Your Financial Future Under Control? 2 Out of 3 of Us Answer 'No'; In Financial Planning, Couples Should Work Together; A Common Sense Approach to Estate Planning

March Madness in Washington – Congress uses sleight of hand to keep the spending going.

10 things your real estate agent won’t tell you – Informative and worth reading if you are planning to buy or sell a home.  Note: As in any profession there are those who are more competent than others as well as more honest and open than others. 

Is Your Financial Future Under Control? 2 Out of 3 of Us Answer 'No'

In Financial Planning, Couples Should Work Together – This has been something I have been promoting for 32 years, including having written a book on the subject.  I am always concerned when women are not knowledgeable regarding the family finances.  It needs to be a team sport.

A Common Sense Approach to Estate Planning – Many famous people have died without even a will.  They include Sonny Bono, Pablo Picasso, Jimmy Hendrix, Michael Jackson, Howard Hughes, martin Luther King and even Abe Lincoln.  The results aren’t pretty.  This article is a good primer.

Are you looking for honest, trustworthy advice regarding your IRA, 401k, investment portfolios, insurance or personal or business planning?  Call STAAR Financial Advisors, Inc. at 412-367-9076 for a no-cost, no-obligation consultation.

 

 

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Posted by in News

March 25, 2014

Allow me to preface this with the following disclosures:

·         I am a professional investment manager and financial planner.

·         I have a health insurance license.

·         I graduated college, attended grad school and have a professional designation.

·         I am also an idiot.

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Posted by in News

PLANNING CORNER

February 25, 2014

If you are thinking of buying a house...

If you are a Newly-Wed or Nearly-Wed couple…

If you are over age 55 and are concerned about Long Term Care...

If you are nearing "retirement age" and are concerned about when to take Social Security…

If you are concerned about “inflation-proofing” your income…

If you are concerned about outliving your money…

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Posted by in News

Occasionally I come across an article that needs to be shared, and this is one of those.  It is thought provoking and cuts to the truth with some humor while creating a few "ouch" moments for most of us.  Enjoy.

 

77 Reasons Why You're Awful At Managing Money

Morgan Housel 

People usually get better at things over time. We're better farmers, faster runners, safer pilots, and more accurate weather forecasters than we were 50 years ago.

 

But there's something about money that gets the better of us. If you look at the rate of personal bankruptcies, financial crises, bubbles, student loans, debt defaults, and savings rates, I wonder whether people are just as bad at managing money today as they were in previous generations, maybe even worse. It's one of the only areas in life we seem to get progressively dumber at. 

Here are 77 reasons why people are awful at managing money.

Click here to go to the rest of the article: http://www.businessinsider.com/why-youre-awful-at-managing-money-2014-2

 

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Posted by in News

December 23, 2013

Every December it seems to get a bit crazy.   It all comes out, from “bah humbugs!” to wonderful acts of kindness and generosity.

Let me start with finances.  This is after all a blog centering on personal economics.

It is easy to lose perspective and control of our finances at the end of the year.  Not just because we feel compelled to give a lot of gifts, but because we often have neglected to save for those gifts and pile it up on the plastic.  We also might fail to take a good look at our tax situation or other financial considerations going into the end of the year.  End of year finances can be stressful.

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Posted by in News

November 5, 2013

 

Here are a few articles and videos you might have missed.  Finances, house prices, retirement, sports and slaps.

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Posted by in News

September 16, 2013

From College Degrees with Lowest Earning Power to Dark Chocolate to Cancer Care Crisis to Happiest Countries and a Financial Planning Flow Chart, I’ve compiled a list of some interesting articles that may or may not affect your finances, but I thought worth passing on.

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Posted by in News

Personal and Business Financial Planning Checklists for the Fall

September 12, 2013, re-published November 3, 2014

 

By: J. Andre Weisbrod

 

Now that we are into September, we should be thinking about what we need or want to accomplish by year-end.  These lists are not meant to cover everything, but they are a good place to start.  (Note: Please register as a free member to receive alerts about future valuable blog posts and to access certain content, including the free use of many valuable tools.)

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Posted by in News

"Train up a child in the way he should go: and when he is old, he will not depart from it."  (Proverbs 22:6)

When I was a child I watched my Dad come home from work and empty his pockets on the dresser.  His wallet would go on one side with his keys and anything else.  Then he would pull out his change and he would put it in a box.  Every so often we would go...

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Posted by in News

We have a number of cool tools on SFAMoney, many of which are free.  One of the spreadsheet tools I developed...

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Posted by in News

90 Working Principles of Finance and Business

 

The following are working principles that I try to apply to my business and personal life. They are not in any particular order. To the extent I am successful in following them, I am nearly always better for it. They do not guarantee quantity, but they do promise greater quality of life. As the proverb says, "Better is a little with peace than wealth with strife".  

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Posted by in News

I have been dong some research on Social Security and was planning on writing an article.  But I found a good primer to which I provide the link (plus other links).  We are an RIA (Registered Investment Adviser) and along with our investment and wealth management services we provide clients with overall planning services.  It is important to have an overhead view of ...

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