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Taking the Plunge After Cutting the Cord

Monday, May 27th, 2013, by

This holiday weekend has me thinking about the vastly different world we are passing on to our children and grandchildren. The question that was asked of young men in my generation was…”what branch of the military did you serve in?”.  Since the draft was abolished forty years ago, the question has no real meaning today.  […]

The Security of Adding a Second Income Source

Friday, July 27th, 2012, by

Something fundamental has changed in our economy, with regards to the unwritten compact between employer and employee.  In prior generations, the foundation of the employment bargain was the loyalty that each side offered to the other. Employers sought to promote from within their ranks, and even if there was no explicit understanding of lifetime employment, […]

The New Economy: All Jobs are now Temp Jobs

Thursday, July 12th, 2012, by

The great recession that began in the fourth quarter of 2007 officially ended at the end of the second quarter of 2009.  But the fundamental changes that have resulted from this savage downturn are still working their way through the economy, and they threaten the long held assumption that upward mobility will continue as it […]

The Best Asset Class is Hiding in Plain Sight

Wednesday, June 13th, 2012, by

Here’s something that comes up with every one of my medical professional clients that I work with in both my wealth management practice and my health care franchising business… …striking the right balance in putting together a mix of distinct asset classes when constructing their investment portfolio. Of course, all the usual suspects are included. […]

Multiple Streams of Income: The Ultimate Hedge

Friday, March 23rd, 2012, by

Perhaps it has happened to you too.  That vague sense that you may have reached the point of diminishing returns on your primary source of income.  Maybe you’ve put all your eggs in one basket and find that no matter how closely you watch the basket, the rewards are no longer equal to the time […]

How CEOs of Public Companies are Looting Shareholders Equity

Saturday, March 17th, 2012, by

Maybe the recent headline in the news caught your eye.  The current Chairman and CEO of Johnson and Johnson has a deferred compensation package valued at $143.5 million. Perhaps it was inevitable, when Nabors Industries last fall offered its CEO $100 million in severance–even though he was not leaving the company.  It’s important to get […]

How Medical Professionals can Improve their Reimbursements

Tuesday, February 14th, 2012, by

  In my wealth management practice, I’ve focused on a narrow niche.  All of my clients are either medical or dental professionals.  This was not part of some grand design on my part, but simply the way my practice evolved over time.  I learned early on that I was not cut out to work in […]

New Year’s Resolutions: Wealth

Friday, February 3rd, 2012, by

As promised, it’s time to look at the wealth side of the equation now that the new year is upon us.  In the years that I have served as a wealth advisor to doctors and dentists I’ve had the opportunity to observe habits of financial hygiene that help explain why ingrained habits of thrift and […]