by Michael Lecours | Sep 25, 2013 | Finding Confidence, Retirement, Rule of Thumb, Uncategorized
When it comes to retirement planning, there are only two outcomes. You will either outlive your savings or your savings will outlive you. It’s that simple. Unfortunately, it’s not easy. Below are a few strategies to consider during your transition years. 50s and...
by Michael Lecours | Aug 16, 2013 | Investment Behavior, Investment Strategies, Rule of Thumb, Saving, Uncategorized
I’ve been getting this question a lot this summer: “Should I invest in the market now, or is this the top of the market?” Here’s my response: If you watch the news, there’s always a reason not to invest. Think back to the election and the fiscal cliff. Who would be...
by Michael Lecours | Aug 15, 2013 | Investment Strategies, Rule of Thumb, Uncategorized
I’ve been doing a lot of reading on Asset Allocation this morning and here are a few key takeaways that I think might be helpful to investors: Static allocations assume the relationships between the various asset classes stay the same. Dynamic allocations assume that...
by Michael Lecours | Jul 31, 2013 | Investment Strategies, Rule of Thumb, Saving, Uncategorized
I just stumbled upon this interesting nugget. All things being equal, a 19 year old who contributes $2,000 per year for JUST 7 years will have more money at age 65 than a 26 year old who made $2,000 contributions each year until age 65. Talk about the magic of...
by Michael Lecours | Jul 20, 2013 | Investment Behavior, Investment Strategies, Retirement, Rule of Thumb, Uncategorized
Asset allocation is an important component to any portfolio. It deals with the ratio between various asset classes such as stocks and bonds. Many investors don’t know where to start or how to determine if their asset allocation is appropriate based on their...
by Michael Lecours | Jun 12, 2013 | Retirement, Rule of Thumb, Uncategorized
While there are a couple of exceptions, you’re required to take distributions from an IRA or a 401k under two circumstances. These are known as the Required Minimum Distributions, or “RMDs”, and they generally apply to: a. Your own IRA, in the year you’ve reached age...
