What do you do with big money? Provided by Peter Miralles, CFP®CIMA®CLU A first-world problem, and nothing more? Not quite. Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you resolve anxieties about funding your retirement or your children’s college educations, and newfound financial freedom can lead to […]

Do its risks offset its advantages? Provided by Peter Miralles, CFP®CIMA®CLU Has high-frequency trading made things better on Wall Street, or worse? It has its adherents and detractors. What does HFT amount to – a lurking danger, a market necessity, a hidden tax on the small investor, a net plus? Frankly, the answer may be […]

It is only wise to consider what Medicare won’t cover in the future. Provided by Peter Miralles, CFP®CIMA®CLU  As you save for retirement, you also recognize the possibility of having to pay major health care costs in the future. Is there some way to plan for these expenses years in advance? Just how great might […]

It is projected to grow even larger. What does that imply for the economy? Provided by Peter Miralles, CFP®CIMA®CLU In 1835, something financially remarkable happened: the federal government paid off the national debt.1 It hasn’t happened since. Through myriad presidential administrations and economic cycles, the national debt has persisted. Wars, depressions and recessions have all […]

Offshore accounts are receiving a new level of scrutiny. Provided by Peter Miralles, CFP®CIMA®CLU The federal government implements new rules to fight tax dodgers. As of July 1, 2014, the Foreign Account Tax Compliance Act (FATCA) is in effect. FATCA requires something new of foreign financial institutions: they must now report any assets held by […]

How many can you prevent yourself from making? Provided by Peter Miralles, CFP®CIMA®CLU  Year after year, in bull and bear markets, investors make some all-too-common blunders. They have been written about, talked about, and critiqued at some length – and yet they are still made. You can chalk them up to psychology, human nature, perhaps […]

A little frugality may lead to a lot of financial progress. Provided by Peter Miralles, CFP®CIMA®CLU Americans have a great deal of disposable income relative to many other nations, yet our free spending can take us further and further away from the potential for financial freedom. Some people fall into crippling spending habits and injure […]

Is the conventional wisdom for everyone? Provided by Peter Miralles, CFP®CIMA®CLU Questioning traditional assumptions about retirement planning can be illuminating. Some retirement planners and economists argue that they need to be reexamined. Does most retirement planning focus on the future at the expense of the present? One noted economist makes that case. Laurence Kotlikoff, the […]

Do you have a strategy to follow? Provided by Peter Miralles, CFP®CIMA®CLU Have you created a company that someone will want to buy? Your children won’t necessarily want to take over your business, so an exit strategy is essential to getting the outcome you want. You must prepare your firm for the transition – and […]

Take steps so criminals won’t take vital information from you. Provided by by Peter Miralles, CFP®CIMA®CLU America is enduring a data breach epidemic. As 2013 ended, the federal Bureau of Justice Statistics released its 2012 Victims of Identity Theft report. Its statistics were sobering. About one in 14 Americans aged 16 or older had been […]