A robust cash reserve

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For over 30 years, I have advised retired and soon to be retired clients to maintain robust cash reserves for unforeseen circumstances. Classic, financial planning wisdom teaches us to hold six months’ worth of living expenses in low-risk, liquid investments that can be accessed in emergencies. These include savings, checking, money markets, and short-term bond […]

Scotch and jellybeans

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As I scanned the rows of books, my eyes settled on the table just below the bookshelf. There in the shadows, sat a bottle of scotch and a bag of jellybeans. I thought this was a curious combination, as I have never seen them in close proximity to each other. Not being a fan of […]

A blueprint for abundance or a $100,000 car loan?

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Humans are unique in that we can envision something in our minds that does not exist, then take steps to create it in our reality. For example, an architect may see a structure in his or her mind, design the structure with a paper and pencil, and have a builder build it. An entrepreneur can […]

Ms. Jones, meet your ROTH

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I have been told that you are shy, and do not make new friends easily. May I make an important and profitable introduction? Ms. Jones, meet your ROTH. The ROTH is a type of Individual Retirement Arrangement (IRA) that differs from the traditional IRA. The ROTH enables a large number of Americans to enjoy significant […]