The more people know, the more they come to believe they know even more than they actually do and this will absolutely kill your portfolio and your retirement. Read More
Withdraw Risk; Running Out of Money before Running Out of Life
by Richard E. Reyes, CFP
Next to longevity risk and inflation, knowing how much one is able to withdraw is crucial to your retirement success. Most people have no idea how dangerous it is to withdraw too much each year. Read More
Word of the Day: Patience!
by Richard E. Reyes, CFP
Over my years in this business I have learned that there is absolutely no route that I am aware of to retirement and your future financial independence that does not require being patient. Read More
What To Do About Your Long-Term Care Policy
by Richard E. Reyes, CFP
If you have a long-term care policy and have recently received a premium increase notice, here are a few options you can take a look at in order to reduce your premium to a level you are more comfortable with in order to maintain this valuable coverage. Read More
The Risk of Living Too Long
by Richard E. Reyes, CFP
It is important to understand that longevity is a multiplier to all the other risks. The longer you live the more risk you have in being able to sustain a reliable and inflation adjusted income stream. Read More
Your Feelings Can Be Expensive
by Richard E. Reyes, CFP
Imagine an advisor coming to you with an investment plan which sounds something like this….when times are good, when stocks are higher in price, and you feel good…we are going to buy because we want to make sure you feel good. And, of course, when times are bad, when stocks are bad and they are going down and you feel fearful, we are going to sell and go to cash. Because it’s always more important that you feel good.
I am describing it sarcastically and it sounds ridiculous – Right? But that’s actually what people want to hear, what they have come to expect, and what most of the financial advisors and many in the financial industry preach that they can do. Read More
Simple is Hard
by Richard E. Reyes, CFP
There is a tendency to seek comfort in complexity for the mere simple reason that simplicity is hard. Read More
Is Financial Planning Worthwhile?
by Richard E. Reyes, CFP with sincere appreciation to Carl Richards for his insights
I have never had a financial plan for clients that has been right. Its not because I am a bad financial planner but because our life is not lived based on assumptions input into a computer and printed on glossy pages in a binder. Life happens to us all. However, here is what is truly vital about financial planning. Read More
Because Its Not About Your “Feelings”
by Richard E. Reyes, CFP
Imagine an advisor coming to you with an investment plan which sounds something like this….when times are good, when stocks are higher in price, and you feel good…we are going to buy because we want to make sure you feel good. And, of course, when times are bad, when stocks are bad and they are going down and you feel fearful, we are going to sell and go to cash. Because it’s always more important that you feel good.
I am describing it sarcastically and it sounds ridiculous – Right? But that’s actually what people want to hear, what they have come to expect, and what most of the financial advisors and many in the financial industry preach that they can do. Read More
The Common Question: What if the Market Hits ZERO?
by Richard E. Reyes, CFP
If you are watching this video you obviously know that the world did not indeed end this past weekend. The more time that passes and I am in this great business the more I am absolutely amused not only by peoples behaviors but by their concerns and questions on certain things. It even seems there is often a big disconnect between the questions people ask and their true behavior.
Now don’t get me wrong, I encourage clients to question as well as have concerns. But undoubtedly, I get asked one single question every single time I meet with someone and we put together a plan. This is a question that I think God in his infinite humor at some time programmed us to ask over and over again. And no matter how much we know that it is very very difficult for it to actually happen. People ask it anyways.
The famous question is: So what happens to my money if the market goes to ZERO? Read More
