OUR BLOG

Updates From The Experts

Thoughts on Annuities

In this video, Austin and I talk about Equity Indexed Annuities. We’ve been analyzing quite a few of these lately and there are two major takeaways: They are complicated. They provide a guaranteed income...

The Value of an Advisor

We would argue that the most important job of a Financial Advisor is to talk people out of decisions that could have potential long term consequences. A very real test of this came during the first quarter of...

The Winning Attitude

In investing as in life, our attitude has a lot to do with how successful we are. Because I have worked with so many investors over the years, it has become easy for me to identify the attitudes that win and those that lose.  Losing...

Tips for Giving Advice to Young Adults

It’s graduation season again. Due to the COVID-19 crisis this one is a little different, but regardless many of our kids are moving to new horizons. We all have a strong desire to impart wisdom and advice to these graduates. Through...

Finding Your Perfect Investment Portfolio

For almost everyone in investing, there are two main risks: 1. The Risk of Losing Money  2. The Risk of Losing the Opportunity to Make Money  Of these two risks, we can choose to eliminate one or the...

COVID-19: Choosing Our New Normal

This crisis has affected different families in different ways and in varying degrees. I can’t emphasize enough that we are living through a significant event. Sometimes it may not feel like it but we are. Much of the normalcy of our...

Property Tax Season

COVID-19 cut hockey season short and we’ll see if my horns make it on the gridiron this fall for football season. In the meantime, it’s property tax season. If you live in Texas, you should have received your 2020 Value Notice by...

So has some of this happened before?

In the last four weeks something near the number of 26 million Americans have filed for unemployment. That is a crazy high number that has led to some eye popping GDP expectations for the quarter. Some reports expecting something...

We're Never Ready but That's Okay

Were you completely prepared for this? Was your family, your business, or your investment portfolio? I know I wasn’t completely prepared. How could I have been? The current crisis is a reminder to us all that much in life is beyond our control. ...

My take on the CARES Act

Over the past month, many different areas of the US economy have come to an almost full stop. This as a result of the COVID-19 outbreak, and subsequent reaction of government officials ordering people to stay home. To keep people and businesses...

CARES Act Resource Guide in Plain English

*4/23/20 Update: EIDL and PPP EIDL and PPP checks are flowing. Remember, the EIDL check you receive is a tax-free grant. Make sure you annotate clearly on your books as something like EIDL – Other Income so your accountant can exclude it from...

In Case You Forgot

It’s been over a decade now, and time softens even my most dramatic memories. I was in Chicago for the launch of an intensive year-long coaching program for advisors. My career up to that point had been successful but not focused. This program...

Our Greatest Enemy isn't a Virus, it's Fear and Panic

There is no question that viruses are deadly and scary. According to the CDC, the regular, annual seasonal flu quietly kills somewhere between 291,000 and 646,000 people per year worldwide. Viruses are one of the most primitive living organisms...

Expect the Unexpected

There was a major selloff in the stock market this week as investors processed information about the coronavirus. As we discussed these events, Austin and I inadvertently found ourselves talking in terms of what we thought could happen next....

Combining Traditional and Innovative Investing

There is a new sleeve of our portfolios that we are becoming more and more helpful. Adding to the traditional stock and bond mix, we are using Defined Outcome ETFs. Defined Outcome ETFs are buffered investments around different indexes that...

Buying Your Kid Their First Car

When I was young, sometimes I daydreamed about the fleet of cars I would own someday. Raising four children in the suburbs has certainly allowed me the opportunity to own a fleet of cars, but it’s not what I dreamed of. Recently, a...

Defined Outcome In Investing: What’s That?

I don’t like index annuities, and I especially dislike variable annuities with complicated riders that supposedly promise you’ll never lose money. With these products, you get lots of smoke and mirrors, high fees, surrender charges, very little...

Leveraging Our Personal Relationship For Your Security

Recently there has been more news and reports of phishing and spoofing of emails with trusted third parties like advisers. If fact, we have even seen some of these first hand.  Because there are malicious individuals out there always after money...

Should We Live for Today or Save for Later?

A classic either/or question that comes up from time to time in client discussions. Based upon our own life experiences, we all tend to lean one way or the other as it relates to spending now or saving for later. As with many decisions in...

A Lesson from Mark Cuban

To help curb much of the anxiety and uneasy feelings of financial markets today, we can take a lesson from Mark Cuban on protecting our invested assets. In 1999 Cuban sold Broadcast.com to Yahoo! in a deal valued at $5.7 billion dollars. As part...

Thoughts on Time

Thoughts on Time: Time and again, couples, when they set an appointment for an initial visit will say things like “We’ve been planning on coming to see you for years”, to which I always reply “Why did you wait so long?”.  Generally, their...

Thoughts on Bonds

Thoughts on Bonds Bonds are a crazy animal. With interest rates trending down bond funds look fantastic, yielding much higher returns than you would normally expect. But the only reason they are higher in value is because interest rates are...

Thoughts on Collaboration and Accountability

Thoughts on Collaboration and Accountability Accountability is a powerful driver of success that most of us want to avoid like the plague. Just like planning it’s not very fun and sexy. Years ago, I decided it was time to get back in shape. At...

Thoughts on Things Financial

Avoid this Investing Pitfall There are often times when we’re too smart for our own good. Our success and genius in our work lives provides a false sense of competency in the realm of financial planning and investment management. For example:...