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To Mortgage or Not to Mortgage

LISTEN TO RICK’S WEEKLY COLUMN:  Download Leverage.mp3 A couple who are clients of mine own, free and clear, a rental house that is part of their income-producing assets. The last time we evaluated their portfolio, I suggested they consider a couple of changes...

A Powerful Argument for Mutual Funds

In a recent conversation with a 60 year-old professional man, he complained about the return he had received over the past five years in his portfolio. His returns were so bad that he was thinking of taking his money out of his retirement plan, paying the tax, and...

Are You a Client or a Customer?

CLICK HERE TO LISTEN TO RICK’S WEEKLY COLUMN: Download 022106_are_you_a_client_or_a_customer.mp3 Take this simple test: What is the difference between a financial planner and a broker who works for a major financial institution? If you answered, “Nothing,” you...

Client Feature – Gary & Joanne

For more than 10 years Joanne and Gary have relied on Rick to keep the cash flow available so they can travel extensively and maintain their lifestyle in the beautiful Black Hills. Here is Joanne’s description of their most recent travels. We realize daily that...

Hostage Taking

A few months ago I signed a one-year contract with a consultant to provide a certain professional service to my office. This man had been recommended by a couple of colleagues, and my impression of him was favorable when I interviewed him by phone. As we worked with...

How Richard Hatch Could Have Really Won

You may remember Richard Hatch, the first million-dollar winner of CBS’s Survivor. Well, so does the IRS. I was watching "Good Morning America" recently and came across their story discussing Mr. Hatch’s run-in with the IRS. Apparently, Hatch didn’t...