Rick's Weekly

Home Buying At Any Stage In Life

I find that when people think about financial planning, they often think about saving, saving, and then saving some more. As most of you know, I'm an advocate of saving and planning for the future. But remember, you save and you plan so that you can spend that money when you need to (or want to). And knowing how to spend money in a way that works within your financial plan, in a way that keeps your future as secure as possible, is essential. [...]

Can You Afford Your Independence?

When I teach people about how to prepare for retirement, we focus on financial preparation. Being prepared financially is critical to a sound retirement system, one that can provide security, peace of mind and independence. We often find one overlooked area of financial preparation, which can threaten this independence, is the cost of long-term care. But with medical advancements, life expectancies are increasing, and so is the need for long-term care. [...]

Do You Possess These Successful Investment Traits?

Last Saturday morning, I read an article in The Business Insider about what creates lasting personal relationships. It spoke of psychologist John Gottman, who set up "The Love Lab" in 1986, with his colleague Robert Levenson at the University of Washington. Gottman and Levenson brought newlyweds into the lab and watched them interact with each other. [...]

Set Your IRA Up For Success

Some of the most-costly estate planning mistakes I come across involve retirement accounts. Contrary to popular belief, the distribution of such accounts is typically not done pursuant to the terms of a will. Instead, the funds are almost always distributed to individuals named on beneficiary designation forms. [...]

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