Posted on: September 21, 2021
wait, what?! ...texans without an opinion? Here in Texas, even in Austin, we like to tell people what we think about all manner of things. I hear all kinds of opinions everywhere I go. You've got the "I'll never buy an electric truck" crowd...and the "But, 5!-6!-3! horseys!" crowd. You've got the "Let's just expand […]
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Posted on: August 24, 2021
How to determine if you are saving enough for retirement Clients ask me: Am I saving enough for retirement? As a life and legacy attorney in Austin, Texas, I provide clients with estate, wealth, and retirement planning advice. So, along with an estate plan, I can provide clients with advice regarding the health of their […]
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Posted on: July 29, 2021
A client recently came to me with a retirement portfolio allocation recommendation from their large financial institution. They charge 1% a year to manage the client's retirement portfolio. With nearly $2,000,000 in retirement assets, that's almost $20,000 a year. But for that steep price...did they give them good advice? Spoiler alert: No. I'll show you […]
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Posted on: July 22, 2021
the racial wealth gap Dr. Ellora Derenoncourt of UC-Berkeley recently presented her co-authored paper, "The racial wealth gap, 1860-2020," at an NBER conference. The paper focuses on the disparity between Black and white Americans because it is widest, 6 to 1, and persistent. Dr. Derenoncourt finds that the racial wealth gap will likely persist indefinitely […]
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Posted on: July 21, 2021
If you're going to take the leap and make a plan to secure your finances today, and when you pass, you should probably not skip over a plan for retirement. Planning for retirement provides you with security and independence in your later years. And it is the bridge between your current finances and your legacy […]
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Posted on: July 16, 2021
Why have a plan for disability? Having a plan for disability can protect you and your resources when you no longer can. According to a recent article from the Social Security Administration, the probability of disability before the normal retirement age for a 20-year-old in 2020 is 25.3%. In contrast, the article reports that the […]
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Posted on: July 14, 2021
why does knowing your funded ratio matter? Knowing your funded ratio can help improve your chances of achieving a secure retirement. By securing your retirement, you put yourself on a path towards financial security now and into the future. Putting yourself into a stable financial position provides you with the ability to help others along […]
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Posted on: July 12, 2021
new parents just need a will like a child just needs a nursery "I just need a will." I get it: new parents want to get organized. And, that's a box that needs checking. It never ceases to amaze me how much chaos such a little person can wreak as a parent myself. So, I […]
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Posted on: July 9, 2021
without planning for sequence of returns risk, a successful retirement is just a matter of luck When you are saving for retirement during your working years, your primary concern likely revolves around accumulation. You want to ensure that you have a sufficiently large nest egg to fund your retirement according to your preferred lifestyle. The […]
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