Archive

The Financial Pitfalls of Living “Large”

It’s not a news flash that saving money is hard, really hard.  There is plenty of advice around with a wide variety of suggestions.  Anything you do to cut back can help.  However, the biggest opportunity may lie with your biggest, overall, long term expense, your residence. Some things to consider.  How much home do […]

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Planning For A Successful Retirement

Retirement means many different things to everyone.  It’s generally the goal for most people to do something they love with the last quarter of their life.  It should be an exciting time, but when you hear that most Americans won’t be able to afford retirement, it can be worrisome.  There are certain aspects that can’t […]

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The Millionaire Next Door Redux

My colleague, Walter Kirchberger, does a lot of world travel and recently brought back with him not a tee shirt or other souvenir, but an article he had read on the ship titled, “The millionaires next door.”  It was an Associated Press piece by Liz Weston. Many years ago, a book was written of the […]

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Is Your Inheritance Taxable?

Many clients ask about the taxability of inherited assets.  Generally, funds or assets you inherit are not taxable; if estate taxes (sometimes referred to as death taxes) are due they are paid by the estate prior to distribution to beneficiaries.  A few states (not Michigan) have an inheritance tax. The rules regarding how to treat […]

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Planning for your digital afterlife

Not too long ago, I attended the funeral of a good friend who was taken way too early from our lives.   Her family was having difficulty figuring out how to access a Shutterfly account that she had been using to store photos of her children.  It took them a few weeks, but they were finally […]

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It’s probably a good time to look at your mortgage

According to Freddie Mac, the average rate on a 30-year fixed mortgage is currently 3.41%, while the average rate on a 15-year fixed mortgage is 2.74%.  Both of these numbers are close to all-time lows, after the ‘Brexit’ vote caused a flight to U.S. Treasury bonds in the face of global uncertainty.  When investors flock […]

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