Your Investment’s “Survival Rate” And Why It Matters To You
Pretend for a moment that you have a mild medical condition and you visit your doctor for advice. After looking you over and running tests, the doctor provides you with a recommendation. There is a new drug available, and she would like to prescribe it to you. The only issue is that there is a 50% chance of survival over the next 15 years. Would you take that advice?
Would you be surprised to know that there is a similar chance of survival with investments? The mutual fund/ETF industry is continually creating new products for the investor. Some of them, like the ones that we use at Waypoint, are intended to benefit the investor with lower than average costs, more tax efficiency than many others, and a very high chance that they’re built to last. Unfortunately for many, many other investments the goal is to make money off of you rather than for you. > SEE MORE
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Waypoint Wealth Management
Our Perspective on Britain’s “Exit”
Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event — projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home. Many questions immediately arise as we pay close attention to how the event will play out in the weeks and months to come. But our perspective is the same as it has always been in times like these. Your financial plan is built with diversification and your personal risk tolerance in mind — it’s designed to weather the ups and downs that inevitably follow significant world happenings. > SEE MORE
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Waypoint Wealth Management
Is Your Advice Good Enough?
In today’s climate of one-page financial plans, bargain-basement fund pricing and automated investment tools, you may wonder whether you need a living, breathing financial adviser.
We think you do, but with a twist. First, we need to redefine traditional financial advice – the kind that’s been delivered by those focused on issuing buy/sell recommendations, executing transactions, making you think they have the best investment product for you, and collecting their commissions. If that’s what you’re thinking of, you are correct. You don’t need that. You probably never did.
As we face continual changes with the markets, Social Security, taxes, etc., the welcome advances we referenced above are best thought of as augmenting rather than replacing the solid advice most investors still sorely need to see their way through to a rewarding retirement.
So, what is “good advice”? > SEE MORE
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Waypoint Wealth Management
Tax Savvy Investing, Part 2: Location, Location, & Teamwork
In Part I of our series on Tax Savvy Investing, “Keeping More For You,” we explored how to engage in year-round tax-wise investing by adopting your own best practices as well as by favoring fund managers who are likewise keeping a tax-efficient eye on their offerings. There are two other important areas to tend to as part of your due diligence: your investment portfolio’s tax-efficient management and your advisers’ tax-efficient teamwork.
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Waypoint Wealth Management
Tax Savvy Investing, Part 1: Keeping More For You
Most people think the best time to attempt to reduce their tax bill is around now – because it is, well, tax time! The truth is, the best way to minimize your annual tax costs is to engage in year-round tax-wise investing.
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