How doctors can plan for early retirement

How doctors can plan for early retirement

As someone married to a physician and surrounded by many friends in the medical field, I know that early retirement is on the minds of many physicians. If you are reading this article, you have probably put some serious thoughts about it as well. Retiring early is a very personal decision. And it is not Read more »

Market Outlook October 2019

market Outlook October 2019

Highlights: S&P 500 recorded a modest gain of 0.9% in the third quarter of 2019 Ten-year treasury rate dropped to 1.5% before bouncing back to 1.75% S&P 500 dividend yield is now higher than the 20-year treasury rate Manufacturing index hits contraction territory Economic Overview The US economy continues to show resiliency despite increased political Read more »

10 Behavioral biases that can ruin your investments

10 Behavioral biases that can ruin your investments

As a financial advisor, I often speak with my clients about behavioral biases. Our emotions can put a heavy load on our investment decisions. In this article, I would like to discuss ten behavioral biases that I encounter every day. It’s not a complete list, but it’s a good starting point to understand your behavioral Read more »

The biggest risks for your retirement savings

Biggest risks to your retirement savings

Whether you are just starting your career or about to retire, you need to understand the risks you are facing when you plan for your future retirement. Most experts recommend that you should aim to replace about 80% of work income during your retirement. Part of your retirement income will come from Social Security. Other Read more »

Why negative interest rates are bad for your portfolio

Why negative interest rates are bad for your portfolio

Quantitative Easing Ever since the financial crisis of 2008-2009, central banks around the world have been using lower interest rates and Quantitative Easing (QE) to combat to slow growth and recession fears. In the aftermath of the Great Recession, all major central banks cut their funding interest rate to nearly zero. The QE policy led Read more »

The Secret to becoming a 401k millionaire

401k millionaire

Today, 401k plans are one of the most popular employee benefits. Companies use 401k plans to attract top talent. 401k plan is a powerful vehicle to save for retirement and become financially independent. According to Fidelity, there are 180,000 Fidelity 401(k) plans with a balance of $1 million or more. Congratulations to you If you Read more »

Market Outlook July 2019

Market Outlook July 2019

Breaking records So far 2019 has been the year of breaking records. We are officially in the longest economic expansion, which started in June of 2009. After the steep market selloff in December, the major US indices have recovered their losses and reached new highs. The hopes for a resolution on trade, the Fed lowering Read more »

The Smart Way to Manage Your Sudden Wealth

The Smart Way to Manage Your Sudden Wealth

Getting rich is the dream of many people. When your sudden wealth becomes a reality, you need to be ready for the new responsibilities and challenges. As someone experienced in helping my clients manage their sudden wealth, I want to share some of my experience. Wealth sources Your sudden windfall can come from many different Read more »

Why you need a Roth IRA

Roth IRA

Do you have a Roth IRA? If you never heard about it, I hope this article will convince you to open one. Roth IRA is a tax-exempt investment account that allows you to make after-tax contributions to save for retirement.  The Roth IRA has a tax free status. It is a great way to save Read more »

Essential Guide to Your Employee Stock Purchase Plan

Employee Stock Purchase Plan

What is ESPP Employee Stock Purchase Plan (ESPP) is a popular tool for companies to allow their employees to participate in the company’s growth and success by becoming shareholders. ESPP gives you the option to buy shares of your employer at a discount price. Most companies set a discount between 10% and 15%. Unlike RSUs Read more »

8 reasons to open a solo 401k plan

8 reasons why entrepreneurs should open a solo 401k plan

What is a solo 401k plan The solo 401k plan is a powerful tool for entrepreneurs to save money for retirement and reduce their current tax bill. These plans are often ignored and overshadowed by the more popular corporate 401k and SEP IRA plans.  In fact, there is a lack of widely available public information Read more »

Solving the student debt crisis

Student Debt Growth

The looming student debt crisis As a financial advisor working with many young families, I am regularly discussing college planning. Many of my clients want to help their children with the constantly growing college tuition. Currently, the amount of US student debt is $1.56 trillion spread among 45 million borrowers. By 2023, 40% of borrowers Read more »

Saving for college with a 529 plan

College savings with a 529 plan

What is a 529 plan The 529 plan is a tax-advantaged state-sponsored investment plan, which allows parents to save for their children college expenses. In the past 20 years, college expenses have skyrocketed exponentially putting many families in a difficult situation.  Between 1998 and 2018, college tuition and fee have doubled in most private non-profit Read more »