Bitcoin and inheritance

If you own Bitcoin, it might be wise to plan and think about where to store your information about it – just like all our passwords and other sensitive information. Our valuables used to refer to our possessions but now it also includes: information! No matter how young we are, we need to plan for the possibility of not being here tomorrow. How would that … [Read more...]

What is the Largest Asset Uncle Sam has? You might be shocked.

Pop Quiz - what line item is the largest asset in Uncle Sam's financial accounts? A) U.S. Official Reserve Assets B) Total Mortgages C) Taxes Receivable D) Student Loans The correct answer, as of the latest quarterly data, is ... Student Loans. This past week there has been an interesting article by Jill Mislinski in Advisor Perspectives. … [Read more...]

4 phases of a Financial Plan

1. Accumulation phase This is typically the longest phase and everything we do here will affect our future. We should perhaps try to look at this phase of planning from the future – when I am 70, 80, 90 – what will I hope that I have planned for if I were to look back from those ages? Will I have planned for Tax efficiency, a decent Rate of Return, what were … [Read more...]

I’m no fool, no sir-ee

Jiminy Cricket was not far off in those days. I was in boarding school in high school because we grew up on a farm that was pretty far from the town where the school was, and if I wanted to do all the sports and after-school activities that I loved, my (single) Mom could not afford to drive me back and forth – especially seeing that I was one of six … [Read more...]

Why should my kid have an Estate pLan?

A client was shocked the other day when I suggested that his student, recently out of college, should have an Estate Plan. As our children get older, our conversations with them get more meaningful and the subjects take on increased value. I often have discussions with my clients about their Estate Planning, but they were shocked when I suggested that estate … [Read more...]

Dr. Livingston I presume?

I was reminded this week of the time when we visited the Victoria Falls in Africa. Also known as Mosi-oa-Tunya (Smoke that Thunders), the Falls emanate out of the Zambezi river in Zambia and are one of the seven natural wonders of the world. Vic Falls (as it is known locally in Africa) are roughly twice as high as the Niagara Falls and twice as wide as … [Read more...]

Both sides now

Joni Mitchell wrote the famous song “Both Sides Now” after being inspired by a passage from the novel “Henderson the Rain King” about being on a plane looking down on the clouds. There are so many examples in life where we see things from our perspective and yet others see the same things from a different perspective. I have just returned from Africa on a trip … [Read more...]

Vital lessons for our kids about money

"Kids who have the freedom to manage their own money seem to have better money behaviors and are more truthful with their parents about how their money was spent." Being a parent is tough in many senses. Things that our kids learn early are often the things that influence them the most. When to be tough, when to be soft. When to help and when to let … [Read more...]

6 Things to Think About When Creating a Will

This piece was written for legalzoom by Michelle Fabie Esq - a freelance writer and I found it had pretty valuable information in a simple format. No matter your age or economic status, creating a will is the single best estate planning action you can take right now. Why? Because having a valid last will and testament helps assure that your wishes regarding … [Read more...]

Giraffe, Finances and the Circle of Life

For many years I have taken teams of people to South Africa to do work among those less fortunate than most of us. This last month I was reminded once again that we often think we are going to faraway places to give of ourselves and our resources, but we end up receiving life altering insights and gifts as we connect with those in need and recognize our common … [Read more...]