Early to the Market Party?

It’s rare to find someone who likes to be early to a party.  It’s a unique person indeed who enjoys what most consider at best, an awkward situation with a host who silently wishes they had a few extra minutes to prepare.  At the other end of the etiquette spectrum are those who don’t know when to leave.  Most make their exit while still having fun, but there are always a few who overstay their welcome, fueled by the adrenaline of rich food and heavy handed cocktails.  Sound familiar?   Like most celebrations, the “market party” has an awkward beginning with a handful of guests making idle chatter while anxiously waiting for others to arrive.  Somewhere along the way, the early arrivers are joined by the validators.  The party then takes its legitimate place as a festive, burgeoning event where everyone seems happy and revels in good cheer.  Last but not least, the latecomers arrive.  Whether due to procrastination, an overbooked dance card or just plain forgetfulness, every party has them.  Whichever group the investor may belong to there is Read on! →

Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion. Before you pack everything up and put it away for another year, take a step beyond tax prep and begin your life prep.  What does life prep really mean?  Like tax preparation, the devil is in the details and it is critical to your financial success that you take the time to examine and shore up the other areas of your financial life. You can start with that recently completed tax return.  Did you save to your employer plan and thereby reduce your current income?  If eligible, did you contribute to a Roth or regular Read on! →