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Money Shouldn't Hurt

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My overriding principle is that, “Money Shouldn’t Hurt”, and if I can help just one person have a better experience with investing, then that makes it all worthwhile. -Tom Wright
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Why You Should Probably NOT Cosign on a Loan

One of the questions many clients have for their advisors is how to handle a request that they cosign on a loan or guarantee a lease or other similar transaction. Most often, these questions arise in the context of family relationships where the client is asked for assistance by a younger family member who has more limited resources and experience. In fact, parents often agree to cosign for their children in order to facilitate the purchase of an automobile, rental of an apartment or residence, obtaining a college loan or perhaps even starting a business. These are all normal enterprises and worthy of consideration but parents or other persons asked to act as cosignors or guarantors should think hard and long before making that commitment.

Insights Financial Planning
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How Timing Issues Affect Your Retirement Date

One of the biggest issues confounding planners and investors alike is when one will take retirement. The timing affects many aspects of retirement planning including available resources, potential duration of retirement, rates of drawdown on assets, retirement inflows and more. Many of us have an idea in mind about the expected timing of our retirement but that idea may not have a real connection to our financial situation and may be out the window due to changes in circumstances we do not foresee. We can examine timing by looking at both known and unknown factors as well as what lies within our control and what does not.

Retirement Funding Insights Financial Planning
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Should A New Financial Advisor Change All Your Investments?``

When you come on board with a new advisor, you may well discover that the new advisor wishes to sell all or most of your existing investments so as to put you into a new mix of investments. It might be because that advisor’s firm avoids individual securities and prefers the diversification of ETFs or mutual funds. It might be because the advisor wants to lower the expenses of the current investment mix or simplify the holdings to make management easier. Other reasons might be an investment philosophy different from that of the former advisor, anticipated advantages of using proprietary funds, or even a new investment that the new advisor expects will do very well. Unfortunately, some advisors will recommend a change simply to put you into a more expensive investment that pays them or their firm better than your current holdings. You should be aware of exactly how different the recommendations are from what you presently hold and an explanation for the changes that is more than simply “because I say so”.

Investment Insights
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