The Consulate Journal is our written blog, dedicated to educating our audience on a wide range of topics. Sometimes we’ll be sharing our financial planning philosophies, and other times sharing our views of money and its place in our lives. Most often, we’ll be sharing specific and actionable financial planning strategies that we use with our clients.
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To Extend or Not to Extend?
It seems every year most people want to have their taxes filed by April 15th, and nobody wants to file an automatic, no questions asked extension till October 15th. It seems to us as many feel they are doing something…
Read MoreInvestment Risk Management
It is one thing to understand the universe of investing, but it is another thing to know how to work with it. The universe of investing tells us that any investment that yields more than the safe rate of return comes…
Read MoreWorking Beyond the Age of 70
There are many benefits to working beyond the age of 70, the greatest of which is that those who work later in life—and enjoy what they do—often experience good health. If, however, a person does not enjoy the work that…
Read MoreRiding Out the Market by Understanding Your Stocks
If you automatically calculate how much money you “lose” when the stock market goes down, then you may require a psychological reset if you plan to remain invested in the market. Let’s assume that you bought a house for $300,000…
Read MoreIs It the Chicken or the Egg?
Which came first, the chicken or the egg? This age-old question can be adapted to many questions on origin, including financial planning. Financial planning’s “chicken and egg” question is: Is it about saving or spending less that brings forth financial…
Read MoreHome Equity Credit Line: An Invaluable Tool
For many years now, I have been promoting one of the greatest and most invaluable (but underappreciated) financial planning tools—the home equity credit line (HECL). An HECL is an agreed-upon balance that you can borrow from at your own choosing…
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