Law 2 – SMART Strategies

What are Target-Date Investment Funds?

Target-Date Investment Funds During the past twenty years target-date funds have become more popular with investors. Target-date investment funds also known as life-cycle, retirement, or age-based funds were first introduced in the early 1990s. Mutual funds offered instant diversification by pooling money and investing in the major asset classes (stocks, bonds, alternative investments, cash). This gave […]
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A Simple Formula That Predicts How Happy You Will Be in Retirement

Most people believe financial independence and having a boatload of money in an account will lead to ultimate happiness. According to William Bernstein, a neurologist and co-founder of investment management firm Efficient Frontier Advisors, having a good idea of how you’ll spend those post-work years (not necessarily how much you have) is critical to how happy […]
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Financial Plan for financial independence

How Much Does It Take For True Financial Independence?

 Becoming a millionaire sounds like a great financial goal! However for wealthy investors, $1 million isn’t enough to be financially independent.  According to a UBS survey investors consider $5 million to be the new benchmark for financial success. They believe once you’re past $5 million, you have reached true financial independence and don’t have to worry about […]
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Top Regrets Expressed By Retirees

Retirement is always one of the top concerns for Americans. This is no surprise, given that preparing for retirement is not something you can do over again. Over the years, I have had to work out common regrets for some of my clients to help get them back on track. Here are the most common regrets of […]
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Top Investment Rules For Retirement

With people living longer and the future of Social Security uncertain, setting up a financial plan and investing in a retirement account is crucial for financial independence. Here are three top investment rules for retirement to follow when investing in an IRA, 401(k), 403(b) or any other qualified retirement account. Rule 1: Invest some of […]
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Secrets of The Wealthy, Part 2

  Last week we covered Part 1 of the secrets to becoming financially independent and wealthy. This week we will cover the secret strategies the wealthy use. * Get a Mentor. Surround yourself with millionaires and learn from them. The best way to learn how they think and what they think is to be with […]
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Secrets Of The Wealthy, Part 1

The No. 1 financial goal that I hear from people is that they want to be financially independent. They don’t want to worry about money when they are retired. They want to pursue their dreams and passions. They don’t want to be overly dependent on family or other entities for money. Many spend a lifetime […]
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The Value Of Monthly Budgeting and Why You Need To Do One

A budget is an essential component of one’s finances. A cash flow or financial budget plan can help tell your money what to do instead of asking where your money went. The “B” word unfortunately has some dreadful connotations. You might feel as though a budget will put you in a financial straightjacket or you […]
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Six Best Ways To Pursue Financial Goals

The best financial goals and plans can be easily derailed by common mistakes that can act as roadblocks. Here are some of the top financial goals people have: Generating current income (59%) Providing health insurance coverage (55%) Managing/Reducing debt (53%) Building a Retirement fund (51%) Building an Emergency Fund (47%) Preparing for future medical needs […]
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