The Stock Market Is Tumbling—So What?

A great article from Michael Kay



From Saumya Vaishampayan of the Wall Street Journal:“Stock markets around the world tumbled, with the Dow industrials falling to their lows of the year, and government bonds rallied Wednesday as fears about the health of the global economy deepened.

”Unless you make your living betting stocks and timing the markets, my (financial planner) response is, and I quote, “So what?” When you peer into the microscope, you see an expanded view of what the naked eye can visualize. What is tiny appears gigantic! Can anyone say Godzilla? Yes, it’s scary to watch and think that the monstrous organism at the other end of the tube is on your skin or floating in your Cheerios. But allow me to re-quote myself, “So what?”

Anything we see within a limited scope is likely to be enlarged in our thinking and our emotions. Twitter is overflowing with “OMG’s…will you look at the Dow.” Can someone give me a “So what?” Amen sister.

via The Stock Market Is Tumbling—So What?.


Retirement readiness: 15% salary deferrals are the new 10% for 401(k)s

Saving 15-20% of your income for retirement can buy you a lot of freedom at a time in your life when you really want it.  Think seriously about increasing your savings rate.



In 2015, tell your clients — particularly those in their 30s — to aim for 15% contributions of their salary into their 401(k) plans.

With pensions drying up and employers cutting health care plans for retirees, workers are taking a greater share of responsibility for their retirement income security and the 401(k) will shoulder most of the retirees’ costs going forward.

How much to save in that 401(k), however, is in flux. Historically, employers with automatic enrollment features would slot their workers into the plan at a default contribution rate of 3 % of salary or less.

Additional plan design features followed, including auto escalation, which boosts employee contributions by a set percentage each year, and match formula adjustments, which can encourage workers to contribute more of their own money in order to qualify for a match from the employer up to a certain percent.

via Retirement readiness: 15% salary deferrals are the new 10% for 401(k)s.

10 Warning Signs Your Investment Advisor Is Leading You Astray

A short and interesting article from Michael Kay – a great CFP!



You know the old joke.How can you tell when a politician is lying?

Their lips are moving.

Of course, this isn’t true of every politician—is it? But it should be a warning to exercise a rational level of skepticism when listening to the practiced words of those schooled in convincing others for a living.

Words in the hands (or should I say mouths) of professionals can be a dangerous thing. Speeches and statements are carefully crafted to appear to say one thing while providing enough wiggle room to offer another translation. Or deniability.

When it comes to the financial services business, you should heed the same warnings.

via 10 Warning Signs Your Investment Advisor Is Leading You Astray.

Boost Your Financial Health in 12 Monthly Steps | FiGuide

An interesting annual plan from Eve Kaplan, CFP®

Enjoy –



Yup – it’s that time of year again when you consider your New Year’s Resolutions. The top 3 New Year’s Resolutions recur each year: eat less, exercise more and clean up your finances/investments.

Here are 12 monthly steps to cultivate better financial health. You can do much of this if you’re a committed and determined do-it-yourselfer and you follow December advice (below):

1. January: Organize your paperwork. It sounds like an obvious starting point which eludes many. Are you financial documents organized (in paper or virtually) so the information is at your fingertips? Your heirs will be eternally thankful if you unexpectedly pass away or are incapacitated.

see the complete article here:   Boost Your Financial Health in 12 Monthly Steps | FiGuide.