Sixty Three Is the New 65
The value of working longer has become a mantra in retirement planning circles in recent years. Staying on the job even a few extra years can create a big inflection point for your clients’ retirement security via higher monthly Social Security payments, more years of retirement saving and investing, fewer years of drawdown and more years of employer-subsidized health insurance.
What It Takes to Think Deeply About Complex Problems TIME MANAGEMENT What to Do When Personal and Professional Commitments Compete for Your Time
You’re double booked. It’s not just one meeting scheduled over another. It’s something for your family at odds with a work commitment. These situations can trigger guilt and stress. Guilt because you feel like you’re letting others down — no matter what you decide, you will lose. And stress because you can’t literally be in two places at once.
A 40-Year Debate Over Corporate Strategy Gets Revived by Elon Musk and Warren Buffett
When Tesla CEO Elon Musk said that “moats are lame” during the company’s earnings call last week, he was calling out Warren Buffett, the chair of Berkshire Hathaway, who uses “moat” to describe barriers to imitation that stave off competition. “If your only defense against invading armies is a moat, you will not last long,” Musk continued. “What matters is the pace of innovation — that is the fundamental determinant of competitiveness.” In response, Buffett defended the idea of moats at Berkshire Hathaway’s shareholder meeting, which prompted satirical tweets from Musk.
Tax Preparation Checklist: Lessons from Your 2017 Tax Return
Your 2017 taxes are done. Congratulations! But you’re not done yet. (Sorry.) While you have all your tax forms and documents handy, this is the perfect time to analyze last year’s finances and use those insights to prepare for the big changes that will occur in 2018 and beyond. The sooner you get started, the sooner you can start planning that summer vacation!
Financial Documents After Tax Season: What to Keep and What to Shred
The folks at the Internal Revenue Service have an uncanny sense of timing. Most of us prepare our individual tax returns just as the clocks spring ahead and the calendar indicates the Vernal Equinox will bring longer and warmer days. Best way to celebrate? Clear out the cobwebs, fire up the shredder, prepare to hit the delete button and get ready to clean up your financial life.