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Lessons from the Wolf

Lessons from the Wolf

By the time the 10th person asked me if I had seen The Wolf of Wall Street, I knew I had to go. I’m guessing that I kept getting asked because I work in financial services, and people automatically assume there is some kind of connection between professional wealth management and Wall Street ...
Spend Now, Retire Later

Spend Now, Retire Later

My Friend’s Addiction My 55-year-old friend, John, just came clean about an addiction – He watches CNBC every weekday morning for about 2 hours. By my count, if John’s habit started 10 years ago, he’s logged more than 5,000 hours listening to talking heads argue about the state of the ...
Self-Employed: Earn Long and Prosper

Self-Employed: Earn Long and Prosper

Self-employed (SE) people have a unique opportunity to maximize their after-tax income later in life. While most SE people use traditional 401(k) plans and SEP IRAs to save for the future, I’m encouraging my SE clients to consider an Individual Roth 401(k) instead. Death and Taxes: Not So ...
Same-Sex Marriage: More to Spend, More to Give

Same-Sex Marriage: More to Spend, More to Give

Now that DOMA is crumbling, married same-sex couples have some new opportunities to simplify their lives, reduce their taxes, and boost their incomes. There is still some unfinished business around whether or not same-sex couples will receive the full umbrella of federal recognition if they ...
More Income, No Kids

More Income, No Kids

Live with a Lot, Die with a Little Many of you have heard about the dual-income-no-kids (DINK) community. There is a growing population, gay and straight, single and married, who are opting to have a child-free life (except the occasional visits to our favorite nieces and nephews). They are ...
Oh Behave!

Oh Behave!

On a recent vacation to New Zealand, my Kiwi friend Martin told me about his father, Frank, an elderly man who, over his lifetime, owned 26 pieces of real estate. I figured Frank would be sitting pretty now, either living off 1) the income and principal of a huge investment portfolio that holds