By Glenn J. Downing, CFP® Part 2 There’s a difference between a broker and an agent. An agent represents the insurance company, and his job is to sell policies. The broker, on the other hand, represents the client, and shops the insurance market to find the product most suited to the client’s specific needs and
by Glenn J. Downing, CFP® Part 1 The fundamental reason to buy life insurance is because someone else is depending upon you for a living. Plain and simple. It is risk transfer: in exchange for premium dollars, the insurance company will make a big payout at your demise. The life insurance industry is one that
by Jonathan G. Cameron, CFP® Having great investment portfolio returns may not get you to your retirement goals. You could have (in theory) spectacular returns every year for 20 years and still not realize the retirement you want. Do we like strong investment performance? Sure. Should stellar performance be your goal? Not necessarily. Why? Here
by Jonathan G. Cameron, CFP® One of the most popular ways to save for retirement is in a Roth Individual Retirement Account. Roth IRA’s were first made available in 1997, after they were championed by former Senator William V. Roth of Delaware. 1. What is it? Tax-wise, a Roth IRA is like a Traditional IRA
by Glenn J. Downing, MBA, CFP. ® The CITT (Citizens Independent Transportation Trust) organized the 2015 Transportation Summit, which was held downtown at the Wolfson campus of Miami-Dade College on January 22. A link to the program agenda is here. Our goal (speaking as a Trustee of the Trust) was to move the transit development ball
Learn more about CameronDowning. Researchers have found that investors have a tendency to psychologically exaggerate declines in the performance of an investment and to minimize gains. It’s a phenomenon with a complex sounding name — “myopic loss aversion” — but also one that makes a simple point: Psychology plays a role in our investment decisions.
Learn more about CameronDowning. In an ideal world, emotions would play a very small role in the way people invest and manage their money. Everyone would thoroughly research their options, maintain realistic expectations, and keep counterproductive habits under control. But in the real world, even well-informed investors sometimes make emotionally charged decisions that may threaten
by Jonathan G. Cameron, CFP. ® Many of you have a 401k through your employer. We get a lot of 401k questions at CameronDowning, so it seemed prudent to blog about some of the basics that young professionals should know to make the most of this fantastic employee benefit. An employer-sponsored retirement plan with 401k provisions