What Happened to My Money?

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Good question! Most people don’t know! When I start a financial planning engagement, I almost always ask for a cash flow worksheet that details average monthly living expenses. After subtracting expenses, debts, taxes, and savings from income, the bottom line should say “Zero. ” It seldom does. Often, there is a lot left over and …

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Financial Planning and Uncertainty

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Benjamin Franklin once wrote, “Tis impossible to be sure of any thing but Death and Taxes.” But even death and taxes are uncertain enough to present significant financial planning challenges. Unfortunately, it is quite easy to conclude that financial planning is a waste of time because no one can know the future. But we do …

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Retiring Isn’t a Do it Yourself Project

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This post is by Garrett Planning Network member Frank C. Boucher. Click here to see his profile page. As Jimmy Durante said, “Everybody wants to get into the act!” You can’t turn on the TV or read the paper or view a website these days without somebody offering retirement planning guidance from an expert. Most …

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What is financial flexibility and why should you strive for it?

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This is post is by Garrett Planning Network member Keith W. Rauschenberger. Click here to see his profile page. In my early years, I never really thought much about financial flexibility or appreciated what it was.  Upon reflection however, I have inherently pursued it, and I am grateful I did because, without the flexibility, I …

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How much money do I need to use a financial advisor?

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At what point does it make sense to use a financial planner? Is there a certain amount of money you should be making? Do you need to have enough invested for advice to be usable? At what dollar value could your financial decisions benefit from professional advice. What is are those threshold amounts? Are we …

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Should I invest some of my cash?

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Along with age-old questions that ask about the meaning of life, whether the chicken or the egg came first, or if people actually drink lite beer for the taste, we all face the difficult question of how much cash do we need in our bank accounts. Do I have enough cash? Too much? Should I …

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