Unhappy with your 2009 Tax Return? Start planning for 2010 now…

I was recently asked by the Financial Planning Association (FPA) to give a Tax Planning presentation to participants at the Federal Reserve Bank of Kansas City's “Money Day at the Fed.”  Several changes have been made that people might be able to take advantage of for next year's taxes.   While I can’t list everything here (the [...]

May 3rd, 2010|

3 Common Financial Mistakes and How to Fix Them…

When I meet someone new and tell them what I do, a common response is,“I’ve made a lot of mistakes, so I’m not a candidate for financial planning.”  Their “mistakes,” often fall into three categories: spending too much, saving too little, or investing with a broker (though they often don’t realize this last one until [...]

April 20th, 2010|

How Buffett Taught His Kids About Money

Happy Financial Literacy Month!  Raising financially literate kids and training yourself to not give in to their every whim is hard.  You endure screaming, anger, and tears.  I recently stumbled upon a great article, written by Warren Buffett’s son, Peter, that illustrates the philosophy behind how we hope to raise our own children.  I hope [...]

April 6th, 2010|

Questions to Ask a Current or Future Investment Adviser

Hiring an Investment Adviser?  The North American Securities Administrators Association (NASAA) has published a brochure titled “Cutting through the Confusion: Where to Turn for Help with Your Investments,” that I have found is extremely helpful for investors to reference when making this very important decision.  The following excerpt has been taken from the brochure: “There [...]

March 31st, 2010|

Consumers Beware: Financial Reform May Not Protect You

A couple weeks ago, I discussed the financial reform that is being considered by Congress, and how it would affect you.  The specific financial reform issue that relates directly to the consumer is whether or not securities and insurance sales representatives who give advice on investments are required to be a fiduciary to their clients.  [...]

March 22nd, 2010|

Our Success Story: $60K in Debt Eliminated in 18 Months

When I hear, “We can’t get out of debt because (insert excuse),” I get it.  I understand the conviction with which you hold the belief.  I see the reasoning from your point of view.  I feel your burden and hear the tension behind your words.  The majority of Americans have said or thought, “I can’t do [...]

March 15th, 2010|

Would you go to a doctor who isn’t certified?

Health insurance reform has been at the forefront of the political scene for a number of years.  But did you know that financial reform is constantly being discussed as well?   A major issue at hand is whether all “advisors,” which includes stock brokers and insurance agents, should have to follow a fiduciary standard.  A fiduciary [...]

March 9th, 2010|

Teaching Kids Healthy Money Habits

As a parent, have you ever thought, ‘If I had the financial information I have now, I would not have made those mistakes. How can I make sure this doesn’t happen to my kids?’ Children need strong boundaries to thrive.  They need to know their limits for their own security.  Financial matters are no different.  [...]

March 3rd, 2010|

Economic Recovery: Two Steps Forward, One Step Back

The stock market is down year-to-date (barely), but everything sure feels a lot better than this time last year.  It’s hard to believe that it’s only been 12-months since the S&P 500 hit a low of 667 (March 9th, 2009).  Listed below are market comparisons from the close of 2009 to the end of February [...]

March 1st, 2010|

Retirement Savings- Are you on the right track?

Happy America Saves Week!  February 21-28, 2010 has been designated as ‘America Saves Week,’ which is designed to encourage individuals to ‘Build Wealth Not Debt.’  You can visit www.americasavesweek.org to learn more about the week, and to view and listen to different savings messages.  So how are you going to celebrate America Saves Week?  Why [...]

February 22nd, 2010|