Less than 40% of Americans have the savings to cover a $1,000 expense

And such an expense is far from unusual. More than one-third of households, 34 percent, endured a major unexpected expense over the past year, according to Bankrate’s latest Financial Security Index survey, with only 39 percent saying they would cover a $1,000 blow with savings.

This is why we are so hot to have everyone we work with set aside and maintain a solid amount of cash for emergencies (and opportunities).

Click to read more Most Americans don't have enough savings to cover a $1K emergency

Really??? – What Were We Thinking?

Ok, ok… New time allocation plan: 

How is your individual/household debt level?

Separately from government debt or corporate debt, what as individuals are we doing about our debt levels since the 2008 recession?

Well… Less mortgage debt and more Student and Auto loan debt for us as a whole…


Proposed Tax Plan

Since President Trump’s election, the markets have climbed to record heights, partially thanks to investor enthusiasm for Trump’s policies.

One of those policies is tax reform. After months of behind-the-scenes talks between the White House and Capitol Hill, Republicans have at last released their plan to update the tax code.

Tax law is murky, and rarely much fun to read about. But because taxes have such a big impact on your finances, I think it’s important to look at the Republicans’ plan so that we can do some planning of our own.

Protection of Your Personal Confidential Information

We would like to share the following principles as a guide to why a proactive approach is so important and helpful:

What to Expect for an Increase in Social Security Benefits (and Medicare premium) in 2018…

While the official 2018 changes to both Social Security Benefits payments and the Medicare Part B Premium will not be announced until October, we can reasonably anticipate what these increases will be. The net is that, while this is likely to be the largest inflation based increase in Social Security Benefits in the past few years. That said much of the increase will go to cover your increase in Medicare Part B premiums. This after you have experienced virtually no Medicare Part B Premium increase for the past few years.

Perspective For Life

We saw the following fantastic video that a friend forwarded to us, and think that it captures one of the fundamental principles of creating a happy life through effective planning.

This is short, funny, and not to be missed. It is also a great link to share with your friends and family and to re-visit regularly.

As you work with us, we hope this question of what we are helping you plan for and take action on is the stuff that matters most to you.

The New “Mini Family Foundation” Option: How the Simply Well Off Can Manage Giving Like the Uber-Wealthy…

Studies show that 95 percent of higher-net-worth households make annual charitable contributions. But many donations are often made on the spur of the moment and without the involvement of the family’s younger members. Perhaps now is a good time to take a more thoughtful approach.

We would like to share with you the benefits of a well thought out and executed family giving program. These typically include family cohesion, family wealth sustainment, enhanced life satisfaction.

Introducing a new option: The family donor-advised fund (DAF)

To Pay or Not to Pay: How to Survive a Ransomware Attack

To Pay or Not to Pay: How to Survive a Ransomware Attack

Imagine this: You open an e-mail that seems to come from Google, prompting you to click a link to reset your password. But when you click, a mysterious .exe file downloads and launches. Slowly, all the files on your desktop turn into white paper icons, and the names of all your files turn into scrambled nonsense.

What is happening here? Unfortunately, you’ve probably fallen victim to a ransomware attack.

The threat defined

5 Ways to Spot a Phishing E-Mail

Did you know that phishing (i.e., scam) e-mails account for about 91 percent of all cyberattacks? In other words, nearly every cybersecurity issue you could think of—from viruses, to ransomware, to full-blown data breaches—starts with users accidentally clicking malicious links in e-mails.