Have Recent Events Derailed Your Retirement Plans?
If you’re in your late 50s or early 60s and hoping to retire over the next two to four years, should you be worried that recents events such as the COVID-19 and the unstable market have set you back? Maybe, according to WorthPointe advisors John Chapman and Matt Addington, who discuss this question in a […]
Read ArticleNot All $1 Million is Created Equally
Many people put their noses to the grindstone for years and years, working hard, saving, and investing with the goal of ultimately having $1 million. While that might seem like a perfectly admirable goal, to me it seems a bit short-sighted; not knowing the kind of life you desire, or where your journey is headed, […]
Read ArticleFinancial Planning vs. Wealth Management — What’s the Difference?
It really drives me nuts when financial planning and wealth management are used interchangeably, because the two disciplines require different skill sets and are appropriate for different people. In a nutshell, a financial planner will accompany you on your trek up the mountain — toward financial independence — while a wealth manager resides on the […]
Read ArticleCan The Lottery Ruin Your Life?
“For most people who win the lottery, it actual ruins their life.” Charles Stanley has decades of financial planning experience. He’s seen a little bit of everything when it comes to personal finance. Wealth building is a mindset that is unfamiliar to a lot of people. Charles uses the lottery to explain how our behavior […]
Read ArticleRobo Financial Advice: Is the discount worth the risk?
Investing seems like it should be straightforward: buy when stock is low, sell when its high. Reap the profit. Makes sense especially when you consider the big gains demonstrated by the stock market over the past couple of years. Big margins meant bigger discounts for customers of the financial service industry with the growing popularity […]
Read ArticleThe Morgan Report Q1 2018: Volatility vs. Security
People want a sense of security — emotionally, physically and financially. The truth of life is that we try to manage a tightrope walk between chaos and order. If somehow we can incrementally achieve some order in a life that seems to gravitate toward chaos, we accomplish a great deal in creating a foundation for […]
Read ArticleThere is a Human Behind that Portfolio
In the wealthiest nation in the history of the planet, people still struggle with resources. They work so hard to achieve success, but without the component of careful planning, they may never get a firm grip on their assets. You need a financial coach just like you need a personal trainer. Someone whose expertise cuts […]
Read ArticleDon’t Tax Me
“Don’t tax you, don’t tax me, tax that fellow behind the tree,” quipped Senator Russell Long, who chaired the powerful Senate Finance Committee from 1966 to 1981. Tax Reform is Here This past year, Halloween was barely over when House Republicans introduced their version of tax reform. Few observers thought such a massive undertaking could be signed […]
Read ArticleShould Bitcoin Be a Part of My Investment Plan?
Question: I’ve seen Bitcoin in the news a lot lately because it has gone up in value. Is this something we should consider as part of my investment plan? As you might have guessed, the answer isn’t a simple yes or no. If that’s what you wanted, you shouldn’t be even considering throwing money at […]
Read ArticleThe Financial Realities of Having Children for the LGBT Community
This is an excerpt from the WorthPointe e-book A Financial Planning Guide for the LGBT Community by Kermit Johns. This resource is provided as a complimentary resource to aid for the community. Can We Afford a Child (or Children)? While you may be over the moon about the possibility of a baby in the house, […]
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