One of the great advantages of being a long-term investor is the luxury of checking out of the daily financial news cycle. Diversification and a long time horizon silences much of the noise. But, whether or not an individual can actually ignore the news cycle and short-term market changes and not react to them is another story. When the news... Read More
Three Steps to Understanding the Impact of Pre-Medicare Healthcare Costs on Your Ability to Retire
On numerous occasions, the need to put pre-Medicare healthcare costs in context arises with this conversation: Me: “When would you like to retire?” Client: “Well, I’d like to retire soon but know that I can’t. I have to work until at least age 65 so that I have health insurance…” The client in the above dialogue might be right; he... Read More
Health Care in Retirement:
What Does it Cost?
I had a high school physics teacher who told me more than once, “always be true to your convictions, but prepared to abandon your assumptions.” At Cordant, we have a conviction for helping our clients make smart financial decisions and working with them to keep their financial lives on track. A key component in helping them make smart financial decisions... Read More
What Monte Carlo Projections Leave Out (…And Why You Can Still Trust Them)
Almost every client has asked some version of this question and addressing it is an important part of what we do as financial advisors. To do that, we need a model, which we call your Baseline Financial Plan. Like any model, it’s only as reliable as the inputs. “Garbage in, garbage out” as the saying goes. Our model (your baseline... Read More
Make an Appointment Now to Update Your Financial Plan for 2017
We know that time doesn’t slow down for anyone, but it’s hard to believe we are already more than two months into 2017. Now that you have settled into the year and have hopefully made some headway on your resolutions, it’s time to get serious about making your finances a priority for the rest of the year. As you reflect... Read More
Intel Settlement Check: A Reminder About the Importance of Alignment
If you’re a current or former Intel employee, you may have received a settlement check that resulted from a class action lawsuit. Some of our clients contacted us about the legitimacy of the check. You may remember reading about the lawsuit filed in 2011 which alleged four Silicon Valley companies (Apple, Google, Intel and Adobe Systems) agreed to not poach each others' top... Read More
Financial Blueprint Creates A Strategic Plan For Your Wealth
I sometimes wonder if our clients and prospective clients tire of us talking about the concepts of transparency, alignment and mutual understanding. However, past experience has given me a lens through which I view those concepts, and I want to share why they’re important to me, and how a document that we created, the “Financial Blueprint,” gives them material meaning.... Read More