During a recent meeting, a potential client asked me, “who will be able to help my family manage our financial affairs when I am no longer able?” This was a person who took the sole responsibility for managing her family’s financial affairs and was able to build not only a sizeable investment portfolio but also […]
Have you ever thought that having too many choices is a problem? These days most of society is wired to believe that more choices = better decisions. That the freedom of choice leads to happier lives. In his article How To Find Happiness In Today’s Hectic World, Eric at Barking Up the Wrong Tree, draws on […]
One of the most overlooked but critical aspects of savings or achieving any financial related goal is determining why you want to save. That may sound simple but let me give you an example. Client: I want to retire at 55. Me: Why? Client: I hate my job. Me: What will you do in retirement, […]
When I look at what I do for clients at TAMMA, I can break it down into two distinct categories; wealth planning and asset management, and tax preparation. One of the value propositions that I offer to clients is to have their wealth planning integrated with their asset management. In my mind, you can’t or […]
Besides saving for retirement, saving for college is the most discussed wealth planning topic that I address when working with families. A child born in 2018 that begins kindergarten in the fall of 2023 would attend college between the years of 2036 and 2040. If that child attended an average public in-state 4-year college and […]
I often tell new or prospective clients that asset management is the sexy part of the many facets of wealth management that I work on. For most clients, it is investment returns that get their attention. But as I go on to explain what it is that I really do and how I help people […]