The Blue Blaze

How Four Days in Miami Affirmed My Mission to Change Everything.

Posted by Frank J. Corrado, CPA, CFP on Dec 7, 2018 3:48:00 PM

 

Right before Thanksgiving, more than 200 professionals gathered in Miami, Florida for the annual conference sponsored by the Alliance of Comprehensive Planners. ACP is a national, not-for-profit, membership organization and a pioneering community of fee-only financial planners who are committed to providing service to clients in a true, fiduciary model.

Was it a rip-roaring fun time filled with soaring, thought-provoking speeches and deep conversation about transformation and inspired risk-taking?

You bet. And here's why.

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Topics: Fiduciary, Fee only, Appreciative Inquiry, Values, Purpose,, Optimal Life,, Financial life guidance

This Black Friday, Don’t Let Holiday Season Shopping Scams Give You a Case of the Credit Theft Blues

Posted by Frankie Corrado on Nov 23, 2018 9:34:00 AM

 

Credit or identity theft is a major problem. Last week, I myself became a victim!

It’s the holiday season and we’ll all be online and in stores shopping, right? We'll be buying gifts for friends and family, (and maybe a few for ourselves!) - so this incident, and the actions I took afterwards to protect myself, are timely for us all.

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Topics: Credit, Identity Protection, Tips, Holiday shopping, Fraud, Identity theft, credit cards, passwords

The ABCs of Education Investing

Posted by Frankie Corrado on Nov 5, 2018 10:17:00 AM

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses.

While it’s a fair bet that most parents and guardians will be filling out the dreaded FAFSA (Free Application for Federal Student Aid) as part of their college application ritual, crossing fingers for a favorable outcome on that process isn’t anyone’s best bet.

We have put together a handy primer with some introductory lessons and key details to prepare anyone looking to successfully plan and pay for their children’s college experience. Read on for more about:

  • The rising cost of a college education
  • The impact of inflation on the cost of higher education
  • Risk management and Opportunity cost
  • Diversification and Goal setting
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Topics: Parents and Children, Goal Setting, College Planning

Giving: How To Do The Most Good Without Disrupting Your Financial Plan

Posted by Frank J. Corrado, CPA, CFP on Oct 26, 2018 7:17:00 AM

Many studies have shown that charitable giving provides greater happiness than buying more stuff. Eventually, you get used to your fancy new car, and the enjoyment it provides may fade -- though if you’re spending with purpose, it shouldn’t.  

Even if that big purchase thrill does fade, there’s plenty of anecdotal evidence and actual scientific studies to assure us that giving forges feelings of connectedness and community that don’t fade away.

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Topics: Charitable, Values, Purpose,, Optimal Life,, Planning

Trump's Executive Order on Retirement:  What You Should Know

Posted by John Munley & Kevin Talty on Oct 4, 2018 6:43:00 PM

 

Out of all of President Trump’s colorful tweets recently, the one that caught our attention was a rather boring one relating to retirement, because we LOVE this stuff! While boring, if passed this could have a direct effect on how you live after 70 ½.

This summer President Trump signed an executive order for Treasury & Labor Departments to review ways to make small employer retirement plans more affordable and accessible in addition to extending and/or pushing back the Required Minimum Distribution (RMD) requirements.

In this edition of The Blue Blaze, we’d like to focus on the RMD requirements and why this matters to you and making it through retirement.

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Topics: Retirement, Planning, Financial Services

The Federal Fiduciary Rule is Dead. Long Live the Fiduciary Rule.

Posted by Frankie Corrado on Sep 13, 2018 9:58:00 AM

 

Following a long and extensive battle with government bureaucracy, the Fiduciary Rule died on June 21, 2018. The Rule is remembered fondly by its many supporters for the transparency and objectivism it was meant to bring to the financial services industry. It is mourned by the many who believed in its unfulfilled potential.

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Topics: Values, Optimal Life,, Financial Services, Financial life guidance, Fee only, Fiduciary, Fiduciary rule, Ethics

Are You Financially and Emotionally Prepared for Life's Big Transitions?

Posted by Frank J. Corrado, CPA, CFP on Aug 3, 2018 9:37:59 AM

 

Financial planning is more than just a series of savings and investments you lock away and forget about. Your money doesn’t exist in a vacuum. Your financial needs and priorities are going to change in response to the transitions that we all go through as we work, raise our families, and look ahead to retirement.

Managing these transitions is one of the keys to keeping your finances in balance, and to achieving a greater Return on Life™ (ROL).

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Topics: Values, Optimal Life,, Retirement, Career changes, Financial life guidance

Three Overlooked Keys to Being a Successful Investor

Posted by Frank J. Corrado, CPA, CFP on Jul 6, 2018 9:42:00 AM

 


Does investing strike “fear” in you? We once heard somebody say the word “fear” stands for “False Evidence Appearing Real.” That seems to apply to investing. Here’s why.

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Topics: Optimal Life,

Is Your Money Being Used to Improve Your Life?

Posted by Frank J. Corrado, CPA, CFP on Jun 14, 2018 8:27:13 AM

There’s a movement toward redefining money: instead of accumulating money for what it can buy, more of us want to use money to live the best life possible with what we have––a concept known as Return on Life™ (ROL).

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Topics: return on life,, Optimal Life,, Financial life guidance

Our Return On Life: Why It's More Important Than Our Return On Investment

Posted by Frank J. Corrado, CPA, CFP on May 29, 2018 11:10:36 AM


TAKE THE ROL (Return on Life) QUIZ -  and get your personalized report.

“Do I have enough money to get married?”

“Do I have enough money to have more children?”

“Do I have enough money to start my own business?”

“Will I have enough money to retire?”

These are typical questions that people often ask themselves over time when they start thinking about financial planning. And that’s only natural. We expect our money to help us feel safe, provide a safety net for key life transitions -- especially as we grow older -- and start thinking about retirement.

Unfortunately, if you view your savings and investments only as numbers on a page that you’re trying to nudge upwards, then there’s no such thing as “enough.”

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Topics: return on life,, Purpose,, Optimal Life,