Our Blog

April 15, 2020

Tired of binging on Netflix while waiting for the end of the Covid-19 crisis? Here are six actions you can take right now to improve your overall finances.

1. Re-evaluate your portfolio holdings, 2. Review and reassess your goals, 3. Review and reassess your risk tolerance...
April 9, 2020

Six Key CARES Act Benefits (4/7/2020)

The Coronavirus Aid, Relief and Economic Stimulus Act (CARES Act) has passed congress and has been signed into law by the President. Like all legislation, the devil is in the details. As the provisions of the law go into effect in the next couple of weeks, we will learn more of the details. For now, it is helpful to highlight 6 key benefits so we can make plans accordingly.
April 5, 2020

Coronavirus Tax Opportunity (4/3/2020)

The coronavirus is not only a serious health scare, it is also a serious financial crisis. Businesses are being forced to shut down and people are losing their income. The stock markets are reacting negatively as expected. While taking losses in our equity portfolio is never a good thing, it does present an opportunity to reduce taxes this year and into the future.
March 24, 2020

The Bright Side Of Covid-19: Seven Opportunities Of The Current Pandemic (03/24/2020)

The coronavirus pandemic has a lot of dark sides. Around the world, people get ill and die, schools close, the healthcare system is overloaded, employees lose their jobs, companies face bankruptcy, stock markets collapse and countries have to spend billions on bailouts and medical aid. And for everyone, whether directly hurt or not, Covid-19 is a huge stressor shaking up our psyche, triggering our fears and uncertainties.
March 24, 2020

What Happens to Stocks After a Big Down Month? (03/24/2020)

Stocks just had one of their worst months on record with the S&P falling 8.2% on a total return basis. These are the worst monthly declines on the S&P going back to 1926 You can see plenty of these massive down months have occurred in and around some of the worst market crashes in history — the Great Depression, the 1973-74 bear (we need a name for this one), black Monday in 1987 and the Great Financial Crisis. Here’s the good news about huge monthly losses from the past...
March 17, 2020

Steady as they go (03/17/2020)

We are in the midst of scary times. There is a lot of uncertainty about the coronavirus. Our government officials are shutting down schools, churches, restaurants, bars and all other places and events where we tend to gather in groups. In fact, just before I wrote this, President Trump held a news conference advising people to avoid gathering in groups larger than 10. This is good advice that we should heed to protect our health and that of our loved ones.
July 3, 2019

Talking About Money

Every money conversation should have a purpose. Money skills are the survival skills of the 21st century making the conversations you have about money very important. Those conversations should be helpful and meaningful, so you want to have a purpose for each conversation - especially if that conversation is with your financial advisor.
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Financial Satisfaction Survey

 


Directions: The statements below will help you to think about and assess how satisfied you are with many aspects of your financial life. Indicate your level of satisfaction for each statement with stars.
(1 star = "Not Satisfied", 3 stars = "Moderately Satisfied", 5 stars = "Very Satisfied")

I am satisfied with...

1. ...with my ability to meet my financial obligations

2. ...with the income my current job or career provides me.

3. ...with my spending habits.

4. ...with the level of debt I carry.

5. ...with the “extras” that I am able to buy for myself and/or loved ones.

6. ...with the level and quality of insurance protection I currently have.

7. ...with the amount of money that I save and invest on a regular basis.

8. ...with my current investment choices.

9. ...that I am on track to build a sufficient retirement nest egg.

10. ...with the level of employee benefits I receive.

11. ...with my style of personal bookkeeping and financial record management.

12. ...with my ability to provide financial help to family members.

13. ...with my estate plan.

14. ...with my level of charitable giving.

15. ...with the level of financial education I have attained.

16. ...with how I respond emotionally to my personal finance issues.

17. ...with my ability to communicate about my financial matters.

18. ...with the feelings I have about my money life.

19. ...that financial issues do not cause stress or strain in the relationships that are important to me.

20. ...with the working relationships I have with my financial service providers (i.e., insurance agent, banker, broker, financial planner, accountant).


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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Life Transition Survey

 


Directions: In each section, select the transitions that you are currently experiencing and those you are likely to experience in the future. In addition, check transitions in the short to mid-term and long-term columns that you either hope to experience or anticipate with concern.

Work Life Transitions

1. Change in career path:

2. New Job:

3. Promotion

4. Job loss

5. Job restructure

6. Education / retraining

7. Sell or close business

8. Transfer family business

9. Gain a business partner:

10. Lose a business partner:

11. Downshift / simplify work life

12. Sabbatical / leave of absence

13. Start or purchase a business

14. Retire:

15. Phase into retirement

16. Other


Financial Life Transitions

1. Purchase a home:

2. Sell a home:

3. Relocate:

4. Purchase a vacation home / timeshare:

5. Re-evaluate investment philosophy:

6. Experience investment gain:

7. Experience investment loss:

8. Debt concerns:

9. Consider investment opportunity:

10. Receive inheritance or financial windfall:

11. Sell assets:

12. Other:


Family Life Transitions

1. Change in marital status (marriage):

2. Change in marital status (divorce):

3. Change in marital status (widowhood):

4. Expecting or adopting a child:

5. Hire child care:

6. Child entering adolescence:

7. Child with special needs:

8. Child w/pre-college expenses:

9. Child going to college:

10. Child getting married:

11. Empty nest:

12. Family special event (Bat/Bar Mitzvah, anniversary party, trip):

13. Helping and/or gifting grandchildren

14. Concern about aging parent

15. Concern about health of spouse/partner or child:


Legacy Life Transitions

1. Increase charitable giving:

2. Give special financial gifts to children/grandchildren:

3. Give parental pension (monthly stipend):


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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