I have to admit this is a growing point of contention for me in the financial services industry. I came across a 401(k) plan the other day for a person in her late sixties who has had a very successful career. She asked our advice about rolling over her 401(k) to an IRA. As we…
Before we begin, let’s start with the general understanding that money itself has a cost. It sounds strange to those who are not in the financial world, but a dollar borrowed from one source may be more expensive than a dollar borrowed from another source. If you borrow a dollar from a friend (pay them…
Congratulations on admitting you have a problem. That’s step one. The journey to financial health may now begin. Admit you have a problem-you don’t yet have a grip on your finances. Take a financial assessment of yourself just like you would a business. Begin with the good old fashioned “Assets – Liabilities = Owner’s Equity”.…
