Weekly Update June 29, 2015

I think this is my best video production yet (still not anywhere where I’d like to be but I am happy with it). Please watch and share comments and thoughts ok?

Financial Stress -How Do We Help Clients Under Duress? With Small Steps First

Financial Stress -How Do We Help Clients Under Duress? With Small Steps First

Anxiety and Depression Due to Financial Stress Can Be Overcome with a Little Strategy

I read this article from Squared Away Blog with it’s interesting implications on positive attitude and money success:

Squared Away – Avoidance Comes with Financial Anxiety

Here’s a little taste from the article:

Financial Stress Got You Pulling Out Hairs?

Source: Squared Away Blog Article

That’s the gist of a handful of recent studies into a newly identified emotion known as financial anxiety. These early studies look at two things: 1) is financial anxiety real?; and 2) does it explain why people do things like avoiding money issues or going into debt to paper over their financial problems?

The evidence says yes to both questions. 

How I would Approach a Client with High Financial Anxiety & Stress

I think what these researchers found out was the link in the anxiety leads to depression leads to inaction chain. Studies in positive thinking show that action must be taken, even when we don’t feel like it, to change our attitude. The attitude change doesn’t happen first.

Along similar lines, [Read more…]

Weekend Newsletter June 19, 2015

Weekend Newsletter June 19, 2015

Video Newsletter Contents:

This week I think I did my best video yet (which is still leagues below what a “good” video would look like IMO). I worked on being succinct. I worked on better special effects. And I added helpful graphs, charts, and photos to my discussion.

Please share comments and feedback below – I’d love to hear from you!

Also, please subscribe to my newsletter (click “Be Smarter – Click Here” to the right:)

0:00: Introduction;

0:49: WHA and Living Your Purpose Newsletters Easily Accessible;

1:48: Planning Topic – Liability Insurance and out of state assets;

3:00: Planning Topic 2: IRA and Trust laws differ by state!

5:24: Financial Market Rant – Yellen, credibility of currencies, market movers, one currency to rule them all?

My son Christian in action in Tilden Park

My son Christian in action in Tilden Park

10:16: California Experiences shared -SoBe district of SF;

13:00: CA Experiences: Redwood Valley Railway;

13.36: Family Images and Close;

Email Newsletter Archives:

http://snip.ly/4dAH

Thanks for watching!

Note:

My articles and videos are meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting financial strategies that you don’t fully understand.

IRS Verifies the “Super Roth”

IRS Verifies the “Super Roth”

[This was originally published on LinkedIn]

The following is meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting tax strategies.

What if you could add $10-$20,000/yr to your Roth IRA – would you be interested? Are you tired of hearing that you don’t qualify for certain tax breaks because you “make too much money?”

Would you like more of your money completely shielded from The Tax Man – and protected in your Roth IRA?

Roth IRA

If this sounds good to you, I have great news. In June of 2014, the IRS gave you a big green light.

How it Works: The Key Lies Inside Your 401k

Inside your 401k plan, there is a potential benefit that you may have missed. Something that could help you supersize your Roth IRA without those nasty taxable conversions: It’s the ability to roll over non-deductible contributionsseparately to your Roth IRA.

In the summer of 2014, the IRS issued Notice 2014-54 – in short they said that “after-tax contributions” to a qualified retirement plan can be rolled into a Roth IRA directly – and split from your “pre-tax” money.

What does this mean? [Read more…]

Disability Insurance Tactics for the Busy Executive

Disability Insurance Tactics for the Busy Executive

The following is meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting disability planning strategies.

[Part 1]

Introduction to Disability Insurance

Disability insurance is likely the last thing on your mind right now. And it wouldn’t be a surprise. If you work for a large company, Disability Insurance (“DI” as the insiders call it) was probably on the list of benefits that your company mostly paid for so there’s a good chance you filed it in your brain under “already taken care of.”

Similarly, if you work for yourself or a small company, you probably think very occasionally about the fact that you don’t have disability coverage, but then, echoing your corporate counterparts, you forget about it or put the topic in the “address this issue later” mental folder.

The problem here is that DI shouldn’t be in either of those mental files. In fact,insurance overall, often dismissed as another “bill,” (likely because we just don’t use it often – how often do you die, get disabled, get sued or get into a major car accident? ) should be a cornerstone of your financial planning….

Read more at LinkedIn

 

“We Are Entering a Period of Geopolitical Instability and Danger” – Ian Bremmer Speaks at Tufts University on Global Politics and Economics

As promised folks, here it is. These Tufts talks are excellent and as I get to them I will share them with you! It was also great sitting next to a fellow Tufts grad and current Fletcher School of Law & Diplomacy student Alex Taylor; who, previous to her time at Fletcher, was reporting for a news service in Lebanon. Great to meet you Alex!

Ian Bremmer at Tufts University on March 25, 2015 – a bit of an ad hoc talk:

Ian Bremmer at Tufts – Audio Coming Soon

Ian Bremmer at Tufts – Audio Coming Soon

I listened to an excellent talk by Ian Bremmer last week at Tufts. if you don’t know, he runs the Eurasia Group and is an expert on foreign affairs and international diplomacy. I recorded the talk and will try to get that up soon.

I thoroughly enjoyed the session and I recommend you listen when I upload it!

2015-03-25 Chris with Ian Bremmer

Poor Ian caught imperfectly in this photo. I’ll blame the undergrad that took the photo but couldn’t wait to get me out of the way to chat with Ian.

 

 

On a side note, was bummed to find that I could not record it using the SoundCloud app. Apparently they changed their mission sometime in the past and just play music by artists, but my iPhone app wouldn’t record. I used Evernote and will have to figure out how to get that audio file to a player!