Everyone knows the expression of the only guarantees in life is death and taxes: While we can’t do anything to change the tax code we can make plans to help reduce the financial impact that your death has on your loved ones, business partners, and vendors.
“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You’re on your own. And you know what you know. And YOU are the one who’ll decide where to go…” Dr. Suess
There has been a lot of discussion recently about so called robo-advisors like Wealthfront and Betterment. But what is a robo-advisor, really? Are there any real benefits from such, and is such a construct even legal? I am going to write several pieces looking at this issue in more detail but I wanted to hit on a few points in this piece.
What would happen to your family if you were hit by the proverbial bus today? What would happen to your finances? Your home? Your children’s education? Your favorite charitable organization? I know it is morbid to think about, but the world is riskier than ever, which is why risk management is one of my favorite topics to discuss with clients.
On August 26, 2014 the S&P 500 closed about 2000 for the first time at 2000.02. We have now seen 28 new all-time high days on the S&P 500 in 2014. Whether the markets are going up or down, there are voices in the markets calling for it to go down.
Saturday Night Live first aired on NBC on October 11, 1975, and when I was kid we only had 13 channels. so one way or another, I become a fan of Saturday Night Live. Then, as a 12 year old and sneaking back to the living room after everyone was in bed, I became a fan of the late 80s and early 90s cast of SNL, specifically; Kevin Nealon anchoring the weekend update, Adam Sandler doing the skits that led to his movie career, Dana Carvey, Phil Hartman, and really early Chris Rock.
The celebrity icloud scandal really had my wheels spinning about a number of things the other day. When are people going to learn that taking naked pictures of yourself never ends well. Also that privacy as we all knew and loved prior to the digital revolution is probably dead. This got me thinking about what happens to our digital footprint when we die.
I would like to thank Netflix for introducing me to binge watching TV. Without it, I would have never been introduced to AMC’s Breaking Bad and come across all of these wonderful financial lessons to share with you courtesy of Walter White and Jesse Pinkman.
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