An ex-wife as a primary beneficiary. Lapsed stock options. No medical power of attorney. What is in common with these items? They are all avoidable. Having been involved in financial services for the past 20 years, I have seen a lot things go wrong. A lot of these issues could have been avoided with proper planning and review. But we …
Diversification-2016 edition
I have been in financial services since the late 1990s. A lot has changed during that time. The internet is no longer America Online. Technology has changed the way the world shares information. This information is available to everyone, all the time, anywhere from your cell phone that you probably use more for things other than making a phone call. …
How to Live Within Your Means
SPEND LESS THAN YOU EARN This may seem obvious; however, it must be said. If you spend less than you bring home, then you will begin to accumulate wealth! It is almost too easy to make purchases these days. Within a minute, anyone can think of a product, order it on Amazon, pay for it with a credit card already …
Unintentional Stock Concentrators
Do you unintentionally concentrate your portfolio on one stock? Most people don’t realize its’ even happening. I view a concentration issue as having more than 20% of your portfolio in 1 stock. My office is located in a heavy technology company area. These tech companies have all sorts of retirement and stock plans, including: ESPP, RSU, Stock Options, Profit Sharing, …