4 Steps to Your First San Diego Home
Are you tired of renting? Are you tired of paying someone else’s mortgage payment so they can benefit from powerful financial advantages like the mortgage interest deduction and real estate appreciation? If you are ready to change that, here are four steps. Step 1: Find out where you stand. Meet or talk with an experienced […]
Read ArticleWisdom and Your Financial Planner
It truly is a fool who doesn’t want to be wise or receive wise counsel. However, I know from experience that wisdom is not the highest thing on the agenda for many people when they look for an investment advisor. For many, what they are looking for is someone who will make them rich — […]
Read ArticleLife as a San Diego WorthPointe Financial Planner
The first thing people generally think about when San Diego comes up is weather, since “America’s Finest City” allegedly has the best weather in the country. That may be true, but unless you work as a lifeguard, gardener or other outdoor-based job, you’re usually looking at the sunshine from indoors, and don’t get much of […]
Read Article6 Concerns for San Diego Financial Planners
“Financial advisors need to remind clients why we started the planning process and to watch their recreational spending because this town is too dang fun!” Tell me if this sounds familiar when you tell people you are from San Diego: “You’re from San Diego? We love San Diego!” I have to admit, it makes me […]
Read ArticleDo you recognize the 4 early warning signs of personal financial doom?
You have been doing well for yourself. You have made good money and accumulated a reasonable degree of personal wealth. But, in your gut, you fear you could lose it all. You could wind up in poverty. What would it be like to wake up one morning and find you are losing your business and […]
Read ArticleFour options for who you should name as trustee
You are thinking seriously about getting your estate planning done. You need to create a trust. You are in a quandary about who you should name as successor trustee. Read on and I will help you think through a few points about who you should name as successor trustee. What Are a Trustee’s Duties? Many […]
Read ArticleGod Owns it All
“Its mine, I worked hard to earn it and it is mine! Don’t tell me how to handle it!” That’s how I used to think. But then, I had an epiphany. Its not mine after all. What I truly believe about the world deeply affects how I relate to the world. That could not be […]
Read ArticleA Trustee’s Fiduciary Duties
I believe the majority of trusts are managed by family members rather than professional trustee or fiduciaries. That is hard to prove since trusts are private documents, but my near 30 years of experience working with trustees makes me believe that is the case. Having family members act as trustee saves money over the cost […]
Read ArticleInvesting: A Matter of Faith
Investing, in the final analysis, is a matter of faith. This, I think, is an important fundamental to understand. I am not writing of “blind faith.” Nor, necessarily, religious faith. It is my conviction that there is no such thing as blind faith. If a person acts blindly, it is not out of faith; it […]
Read ArticleWealth Transfer: Inheriting Retirement Accounts
If you inherit a big Individual Retirement Account, you have to be a little bit more careful about what you do with the money than with non-retirement money. That is because the money you take out is taxable and it is possible that this extra money, which is added right on top of your existing […]
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