Retirement Strategies for 30-Year-Olds

C&J Wealth Advisors have numerous clients with 30-year-old children. This article gives good advice on saving/investing and retirement strategies that you can pass to your children and grandchildren. Society encourages us to consume, consume, consume.  We need to hear more voices that encourage younger generations to save, save, save.

Scott Smith
C&J Wealth Advisors
Article credits: MarketWatch |Wall Street Journal | May 19, 2014

Investing for 30-year-olds

Retirement Strategies for 30-Year-Olds

It’s never too early to start planning for retirement. With this in mind, we asked The Experts: What retirement money tip do you wish you’d given yourself when you were 30? Investment tips nobody told me…

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Handling Your Ex: Tips For Switching 401(k) Beneficiaries

Article Credits: Investor’s Business Daily | By: Donald Jay Korn | February 3, 2014

401(k) BeneficiariesDivorce, Remarriage?

If your account is not going to your spouse, here’s how to proceed

In estate planning, the beneficiary designation usually rules. But in some cases there’s a higher power: federal law. In particular, the Employee Retirement Income Security Act of 1974 (ERISA) rules, when it comes to employer retirement plans like a 401(k).

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What Do Real Advisors Do?

Carl’s blog post highlights the value of having a buffer zone between client emotions and their money.  One of an advisors primary duties is to be that buffer zone that assists clients in removing their emotions from the decision making process.  The cost of our mistakes pale in comparison to the fees paid for advice.  Removing behavioral-oriented mistakes is a big part of a sound investment process geared toward meeting client specific outcomes.

Scott Smith
C&J Wealth Advisors

What Do Real Advisors Do?

Last week, The Economist published a story about the costs around mutual funds and how much investors benefit from picking low-cost options. The article said many good things, but then I got to this paragraph about paying for advice.

“Good advice is certainly worth something: many American investors in pension plans have devoted a big proportion of their portfolios to cash (a low long-term return) or to their employer’s shares (too risky). The ability to avoid such mistakes is worth a one-off fee. But an investor should not pay 1% to 1.5% a year to an adviser. Nobody has yet shown that they can correctly and consistently time markets.”

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25 Ways to Improve Your Finances in 2014

~~ 25 Ways to Improve Your Finances in 2014 ~~

Are you ready to overhaul your spending patterns, start funneling more money into your bank account and buy better (and safer) products in 2014? If so, you’ve come to the right place. We’ve rounded up our favorite money stories to give you the bite-size nuggets you need to get your financial resolutions in place. Here are 25 ways to improve your finances in the new year:

1. Start feeling good about money.

If you have a “money shame,” or something that embarrasses you or makes you feel badly about how you’ve handled money in the past, then make this the year to move on. Financial therapist Bari Tessler Linde says many people have trouble thriving in their current financial lives because they’re still dwelling on past mistakes. “Most people need to understand their money story first,” she says, which includes assessing strengths along with relationships to spending, earning and giving.

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