Do you love your family? Do you REALLY love your family? If so, please don’t be like more than 60% of all Americans and fail to do any estate planning.
The list of rich, famous and just ordinary people who die intestate (without a will) is long, and the stories of what their survivors have to go through after their deaths are enough to scare the most seasoned horror film fanatic. But still they persist…
Read MoreDoes anyone feel rich anymore? We meet with clients all the time who are wealthy by many standards. But they often say they do not live extravagantly and should not be considered rich.
A big factor in this phenomenon is that it is human nature to compare our lives “up” and not “down”. We’re far more likely to point to one person who appears to have more wealth than we do, and…
Read MoreSo-called “alternative investments” are a hot topic nowadays. For the last several years the world of professional money management has seemingly been obsessed with finding novel ways to diversify beyond traditional asset classes.
But I have some suggestions for alternative investments you will never hear about in the Wall Street Journal or on CNBC, and they probably make sense for just about everyone. They too will…
Read MoreOver the course of the last several months my fellow advisors and I have had a remarkable number of comments and questions from clients, friends, and acquaintances regarding the possibilities of investing in real estate. We get comments like, “I know Austin Real Estate very well, because I have lived here all my life,” or “Real Estate investing is a lot less risky than investing in stocks, and at least as profitable.”
The assumption on the first quote is that…
Talking to my aging parents about their money and their lifestyle was more difficult for me than having the sex talk with my kids. Even with the best of intentions and, in my case, professional experience and training, it is a challenging conversation
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