As someone who is obsessed with watching market numbers in all varieties daily for my clients, it may seem odd for me to talk about one number that constantly comes up in planning conversations: Your retirement “Magic Number.” It’s not that you shouldn’t have a goal to plan for, of course. It’s that this Magic…
How do you FEEL about the stock market? Do you FEEL that it is too high and ready for a big fall? Well, people may love to share their FEELINGS about investing. Yet at Fiduciary Financial Partners, we spend a great deal of our time separating financial emotion from financial reality. FEELINGS should not enter…
Why should you care that a financial professional follows a fiduciary duty instead of what’s suitable for your portfolio? By Nick Economos At first glance, the idea that someone like a wealth manager, broker or financial advisor touts an investment that’s suitable for your goals seems perfectly fine. After all, it seems in line with…
The bad news is that we have many categories of financial stress. The good news is that if we can prioritize and plan better, that financial stress can feel more manageable. By Nick Economos Anxious. Overwhelmed. Headache. Upset stomach. Insomnia. What are all these symptoms primarily stemming from? According to a recent survey, financial stress.…
We’re really not into making political predictions at Fiduciary Financial Partners (projecting market behavior is more our specialty), but this much is easy to predict: The debate between proponents of free trade vs. anti-globalization we’ll see between now and Election Day will be hotter than a volcano. With his poll numbers hurting, Donald Trump…
by Miaciah Manuel, CFP® I had to chuckle. How could I not? The headline at the top of my Google Finance page read: Here’s Proof That ‘Definitely This Is A Stock Pickers Market’. Finally! The proof we’ve all been waiting for! OK, I’m being a bit sarcastic here because the Monday Morning Quarterbacking constantly expressed…
The answers to these questions can uncover the North Star to guide you toward an investment plan that’s right for you. One day, the market is at an all-time high. The next day, the Dow loses hundreds of points. Not more than a week later, the markets spring upward and are acting like that…
Generally speaking, it’s no secret that people aren’t saving enough for retirement. But when the conversation focuses on women and retirement, that struggle may be even more pronounced than what men face. By Nick Economos We continue to see data that shows women are outliving men yet, in many cases, still aren’t on equal ground with…
As we were watching former Federal Reserve Chairman Alan Greenspan the other day being interviewed about the current state of the economy, he was pessimistic about the economic outlook here and across the globe. That’s not terribly unusual. By his own admission, Alan Greenspan hasn’t been optimistic about the economy in a while. However, there…
By Nick Economos Whenever you’ve heard about insurance as an investment option, there’s an excellent chance that you’ve heard pitches rather than plans. The truth is, insurance could be a perfectly fine option to consider, but it’s challenging to know when you’re bombarded with promises like: “It’s got a dividend of 6%!” Not to mention you…
By Nick Economos Can you imagine fearing retirement once you’re actually in it? It’s more legitimate and common than you realize, even as you have a blank canvas for mapping out the rest of your life by engaging in retirement planning. Allow me to illustrate from a client conversation and you’ll see what I mean. Recently,…
“America is going to hell. Our workers are losing their jobs. We have a problem with China. We have a problem with Japan. We have a problem with Mexico both at the border and in trade.” – Donald Trump As…