Be the One Who Can Write That Check
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It is perfectly fine for you to underspend your assets. You don’t need my permission, but you have my blessing anyway.

Lessons for 2022 from My 1983 First Mortgage at 11.5%
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We haven’t seen high interest rates in many years, but high interest rates do not remove the potential benefits of having a mortgage.

The Art and Science of a Bond Allocation (529 Plan Example)
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Adding more Stability to an asset allocation isn’t an easy issue. It takes science to know how much bonds you need. It takes artistry to gradually adjust your asset allocation over time. 

More Self-Control Leads to Wiser Spending, Not Less Spending
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In this article, I am defending the use of self-control in your financial habits.

Q&A: Roth Conversion When Traditional IRA is 90% of Net Worth?
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Because so much of your net worth is in traditional IRA, how quickly you expect to withdraw from your retirement account assets will heavily influence how quickly or slowly the math would advise that you convert.

How to Survive High Inflation
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Inflation is like the rain. You must prepare in advance in order to stay dry.

Billing Retirement Accounts to Maximize After-Tax Net Worth
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One obscure way we bring value to clients is how we bill them.

How to Calculate Taxable Social Security (2021 Line 6b)
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If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion can be anywhere from 0% to a maximum of 85% of your benefits.

Happiness Is The Result Of A Life Lived With Purpose
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Regardless of what you do with the money earned, continuing to work is a worthwhile journey.

How to Spend: Align With Your Goals (Podcast)
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In this podcast, we discuss why spending is the core of your financial plan, how to align your spending with your goals, and how to use Core Values Budgeting to identify budgeting changes.

Seven Reasons to Avoid Bitcoin
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Bitcoin satisfies some of the characteristics of a currency, but there are at least seven areas of concern.

Bitcoin, Tulips, Beanie Babies, and Speculation
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I expect that eventually Bitcoin will either develop a real, useful value for investors or the bubble will burst.

How to Self-Insure for Long-Term Care Health Expenses (2022)
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Saving for long-term care, if done early enough, is not too expensive and helps to protect yourself from this potential financial shock.

How to Update Your Contact Information at Schwab
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You can easily update your contact information online through Schwab Alliance.

Best Credit Cards of 2022 for Those with Excellent Credit
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These credit cards won’t change your life, and they shouldn’t, but they can get back a very small portion of the money you spend each month.

Your Children Are Not Entitled To Your Retirement Savings
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Hard work can often only be learned by struggling. You can’t teach your children to live within their means if you always supplement their means.

Dying Young is Not A Retirement Plan
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Yes, many retirees may die with significant assets. However, this helps to ensure that they have sufficient assets to support their lifestyle should they make it to age 100.

The Costly Effect Of Saving In A Taxable Account
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The annual drag of taxable account taxation may seem like a small amount, but the effect over long periods of time such as 30 years is significant.

How To Use a Marotta Capital Gains Tax Hurdle Report
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These complex formulas help decide when highly appreciated investments should be sold and the proceeds put in a different investment philosophy.

Q&A: How Does Your Investment Strategy Work?
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I recently received the following paraphrased questions from a prospective client and here were my replies.

Four Simple But Effective Conversion Target Calculations
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Doing some conversion is usually much better than doing no conversion at all. We offer these four simple but effective strategies to calculate a good-enough conversion target for this year.

Don’t Pay The Price of Structured Products Despite Principal Protection
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Given the purposeful complexity and limitations to structured products we suggest you avoid them.

Systemic Barriers to Racial Diversity in Financial Planning
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All of these factors contribute to the low inclusion of people of color among those holding the CFP® certification.

Seven Elder Abuse Scams and How to Protect Yourself
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Here are the most common elder scams and how to prevent them.

New Parent Financial Checklist
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To help you get a good financial start as parents, here’s a financial checklist for new parents.

Two Ways to Fix Social Security Filing Mistakes
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If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

Overcome Your Biases and Invest Globally
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Home bias is the tendency of investors to invest a majority of their assets in companies domiciled in their home country. Recency bias is the tendency for humans to believe that what has happened recently will continue to happen in the future.

Should I Pay Off My Mortgage?
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Even if the world was ending, I still want to have a mortgage.

Video: The Value of Systematic Roth Conversions
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In this talk, David demonstrates how Roth conversions can be extremely valuable even if a client is always in the same tax bracket.

Zero Steps To Take Before Contacting a Financial Advisor
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Don’t delay getting your finances in order until you get your finances in order. Ask for help today and see what wisdom a financial advisor has to share.

How to Implement The Automatic Millionaire Technique at Schwab
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By decoupling your standard of living from the size of your income, you have taken the first step toward financial freedom.

Troubles With 401(k) Plans Run By Salespeople
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The worst cause of employer stress is the fact that there exist many financial salespeople who offer plans which benefit themselves at excessive cost to the employer and their employees.

Q&A: How Much K-12 Tuition Can I Reimburse from 529 Plan?
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By flowing money through a 529 account, a Virginia tax payer could receive a $575 discount on their private school tuition.

Pay Your State Tax By Donating to Charity
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If you have a tax credit eligible charity where you like their work better than the state government, then consider redirecting your state tax to fund the charity instead.

The Full Complexity of All Required Minimum Distribution Divisors Explained (2020 Update)
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The SECURE Act of 2019 changed several things, so here is an updated review of this complex subject.

The Most Tax-Efficient Method of Leaving Assets to Charity in Your Estate
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If you have a charity among your heirs, there is the possibility for tax savings.

Using Complex Beneficiary Designations to Give Your Heirs Flexibility
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Not every custodian is willing to accept the complexity, but I am grateful that Schwab is.

How to Use An Efficient Frontier Graph
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While an efficient frontier graph cannot hand you a perfect asset allocation, it remains a useful tool in analyzing what the past can tell us about a wide variety of investments.

How to Avoid Being Swindled By Elder Fraud
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As fiduciaries, we are on your side to ensure that your goals are met. Protecting you from elder fraud is just one of the many services we can offer as a part of comprehensive financial planning.

A Review of Finances at Age 60
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I’m turning 60 this week. Even though I plan on working as long as possible, this is an important check point.

How to Save for Retirement When You Are Old And Broke
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No matter how small your savings or when you start accumulating them, those small changes have large effects over time.

Four Reasons to Rebalance
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In these ways, rebalancing can be of great value to a long-term investor’s portfolio.

Risk-Return Analysis of Freedom Investing
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In this article, I am reviewing the quantitative measurements and performance metrics of Freedom Investing to see how its risk and return compare to the EAFE Index, its benchmark.

The Best Way to Fund a Charles Schwab Account
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After you have opened your account, there are many methods of contributing to or funding your Charles Schwab account. The best and easiest four methodologies are as follows.

A 25-Year Review of Freedom Investing
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These findings together demonstrate how Economic Freedom seems to have been a valid factor for higher expected returns than investing in the EAFE Index alone.

You Deserve More Than Investment Management and a Retirement Plan
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We strive to provide the necessary resources for anyone to prepare their own investment plan and meet their financial objectives for free on our blog, but we offer more services than that to our clients.

Remembering The 2008 Crash as a Financial Planner
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Sometimes, you don’t get a second chance to be brave.

How to Use Your 401(k) to Convert Only Your IRA’s Nondeductible Basis to Roth
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If you have an accepting employer plan, you could consider rolling the pre-tax funds into your 401(k) this year while converting your nondeductible basis cleanly to a Roth IRA.

‘You Make Most Of Your Money In A Bear Market; You Just Don’t Realize It At The Time’
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You don’t have to time the market to make money in the market. In fact, timing the market is usually a losers game as the market often pushes your emotions to do exactly the wrong thing.

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