by Michael Lecours | Sep 12, 2014 | Saving, Uncategorized
A young client told me that she wanted to have a million dollars by the time she retired. In her mid-twenties, she has time on her side. By socking away $5,000 every year until she retires, she’ll hit her goal (assuming a 7% annual return). See the blue line. It would...
by Michael Lecours | Sep 11, 2014 | Retirement, Rule of Thumb, Saving, Uncategorized
The following story offers a great example of what can go wrong when a young, financially inexperienced individual becomes wealthy overnight. This author’s advice at the end is exactly what we recommend to clients in this situation: Get advice from someone on how to...
by Michael Lecours | Aug 20, 2014 | Cash, Rule of Thumb, Saving, Uncategorized
No surprise here – Connecticut is close to the bottom.
by Michael Lecours | Aug 5, 2014 | Retirement, Saving, Uncategorized
A Roth IRA does more for your teenager than help them realize the importance of saving for retirement. It could give them a great boost, too! Consider the recent article from the New York Times.
by Michael Lecours | Jul 25, 2014 | Economy, Rule of Thumb, Saving, Uncategorized
At first it sounds silly; use the cost of McDonald’s Big Mac to gauge purchasing power in different countries. What first started as a humorous approach to addressing the pricing discrepancies between countries for similar goods, has been taken more and more seriously...
by Michael Lecours | May 17, 2014 | Retirement, Saving, Uncategorized
For those looking for ideas of where to travel next, look to the infographic for some ideas. Makes me want to read up on Zurich.
