Mentor Monthly Missive – December 2014


Mentor Monthly Missive – December 2014

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www.ChicagoFeeOnlyFinancial.com


We are happy to announce the launch of a new website focusing on Fee-Only financial planning in the Chicago area. In cooperation with seven other advisors, John Davis and Dan Carey hope to make it easier for consumers to get objective advice about managing their personal finances. We are committed to providing these services to […]

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Mentor Monthly Missive – November 2014


Mentor Monthly Missive – November 2014

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November Market Commentary from Vanguard & Co


There weren’t many tea leaves to read for the U.S. economy in this week’s relatively short list of economic reports. Retail sales rose modestly, as did inventories. But there was news from abroad with potentially significant impacts for the global economy. During President Obama’s trip to China, progress was announced on eliminating tariffs on a […]

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Transferring Retirement Risk


Risk transfer is an important element of the wealth management process. When you pay another party to insure against catastrophe, it can be a good move Paying an insurance company a reasonable amount to ensure that you won’t go broke in retirement can also be smart. The cost, which is your agreement that your heirs […]

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2015 IRS Retirement Plan Limits


The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2015, and this year there’s extra room for savings for wage and salary types and the self-employed. If you have a 401(k), a SEP-IRA, or a SIMPLE, pay attention and if you can swing it, bump up your contributions to the new max. […]

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Why ‘annuity’ is not always a dirty word


Financial independence means living the lifestyle you choose without fear of running out of money. Whether to work becomes a choice, rather than an obligation. Activity (travel, hobbies, volunteering) does too. Worst case from a lifestyle point of view is dying too soon. From a purely financial point of view, it’s living too long. One […]

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Mentor Monthly Missive – October 2014


Mentor Monthly Missive – October 2014

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What Happens to my Credit Card Debt?


If you’re like millions of Americans, you have credit card debt—and you may wonder what will happen to the debt upon your demise. Essentially there are two main factors that will determine who is responsible for your credit card debt after you die: whose name or names are on the account and where you live. Whose […]

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Don’t Give up on Small Caps


Don’t feel sorry for the punished small-company stocks Small stocks have been punished this year. As of Oct. 10, the S&P 600 SmallCap Index was down 8.21% since Jan. 1. In contrast, over the same period the S&P 500 Index of large-cap stocks was ahead by 3.13%.. We view this as a potential buying opportunity […]

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