March 2018

In Your 50’s or 60’s and Approaching Retirement?

Submitted by Moneywatch Advisors on March 30th, 2018

As you might expect, it is quite common for people to visit us at Moneywatch as they are in their 50’s and 60’s and can, maybe for the first time, actually envision a time when they will be retired. Although they, correctly, have a myriad of financial questions that I will describe later, the question WE ask THEM is – What’s your grand plan? Meaning, you have plenty of life left, how do you plan on living it?

Fee-Only Versus Fee-Based Financial Planners: What’s the Difference?

Submitted by Moneywatch Advisors on March 23rd, 2018

Simply put, fee-only financial planners – like Moneywatch Advisors – are compensated by the clients they serve, no one else. As a result, their loyalty is to their clients and only their clients. Fee-based financial planners charge you and then are often paid a commission from a 3rd party company to sell you their products, too. So, where is their loyalty?

How Do We Keep Our Schools Safe?

Submitted by Moneywatch Advisors on March 16th, 2018

This week’s post will not contain any advice on financial planning or investments or how much to save to achieve financial freedom. Today, I take a break from that to discuss what may be the most important issue in America today: keeping our children safe while in school. I was recently appointed to the District Safety Advisory Council organized by Fayette County Superintendent Manny Caulk. This Council is charged with “developing specific and actionable recommendations” on ways to make our schools safer. We had our first meeting on March 1 and will submit our recommendations no later than the first week of April, so this is designed to be a crisp process.

How Am I Doing Financially?

Submitted by Moneywatch Advisors on March 9th, 2018

I get asked all the time by both clients and prospective clients – how am I doing? Personally, I like Chris Rock’s line on relative wealth: “If Bill Gates woke up with Oprah’s money, he’d jump out the window.” Perspective is an amazing thing.

55 And Behind On Retirement Saving?

Submitted by Moneywatch Advisors on March 2nd, 2018

It isn’t at all unusual for someone in their 50’s or even early 60’s to ask us for advice as they approach retirement with too little savings. As you might guess, there are as many reasons for being behind as there are people: a late start saving, frequent job changes, personal student loan debt, college expenses for their children, or just plain bad luck. Our first advice? Forgive yourself, your predicament is not about the past, it’s about the future. Let’s consider Joey’s story:

March 2018 Newsletter to Clients

Submitted by Moneywatch Advisors on March 1st, 2018

Enjoy this month’s edition that features notes on the market’s performance in 2018 and options for retirement saving later in life.

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