Archive

Increasing Transparency: How Communication Leads to Portfolio Efficacy

It is hard to come to terms with one’s own mortality.  In an ideal world, everyone would live to be 100 years old and die peacefully in their sleep. Unfortunately, life surprises us with many unpleasant things.  At Sigma, we try to prepare our clients for the future.  However, we are only as good as […]

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Best Price/Best Experience?

It is probably difficult to overstate the importance of financial prudence and personal responsibility.  We were well advised regarding the importance and practicality of not paying more than absolutely necessary in the book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy”, by Thomas J. Stanley and William D. Danko. However, there are times […]

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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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