Change Money Behaviors With Three Flow System Forces

At a recent workshop sponsored by the Center for Action and Contemplation, I was introduced to a principle that could be a helpful way to frame and change hurtful money behaviors. It’s based on the work of Adrian Bejan, a professor of mechanical engineering at Duke University, whose Constructal Law describes the physics of life […]

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President’s Influence on US Economy is Limited

Last week I reported on a survey that found most investment advisors are expecting the presidential election to result in rough seas for both their businesses and their client’s long-term retirement portfolios. As it turns out, I am in the minority of advisors that disagree with that belief. This is why. Even though the U.S. […]

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Rick’s Talk at Insider Information Conference

The following is an excerpt from the October 2016 edition of Bob Veres’ Inside Information, a newsletter for those in the financial planning profession, and is reprinted here with permission. The outlines of how [financial planning firms can] emerge from the sea of sameness are becoming clear: you want to better define who you work […]

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The Presidential Election and Your Retirement Planning

As we get closer to election day, the most common question people ask me is, “What is the election going to do to my investments?” This is usually followed by, “If ___________ is going to be elected president, don’t you think I should get out now while I have a chance?” It really doesn’t matter […]

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Roth IRA Tax Strategies, Part Two

Last week I covered strategies for when to use Roth IRAs. An additional aspect of Roths is the benefit of being able to do a conversion from a traditional IRA to a Roth. It is best to consider doing a Roth conversion when your current tax bracket declines temporarily below the bracket you expect to […]

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