What's next after wining the lottery or cashing out of a business? What will happen after a "sudden wealth" event like winning the lottery? What will you do when you leave your job, your career, or your business? Too often a Big Pay Day like winning the lottery or receiving an inheritance or selling a business or stock options leads to problems. Unless you have strong values and a plan in place or ... Read More
REIT
Avoid Costly Mistakes When Buying Real Estate in Retirement
You're ready to retire and tackle your bucket list. On your list is buying that dream home in retirement. But how do you pay for it? You should avoid these costly mistakes when buying real estate in retirement. Whether you want to buy your dream home by the lake or the ocean of somewhere more exotic, you're probably wondering how to make this dream a reality so you can cross it off your ... Read More
Dealing with an Inheritance
Question for Boston Money Coach: Best course for inheritance money? I recently received a significant amount of money from an inheritance and I'm just wondering thoughts on the advantages/disadvantages to using this money towards a rental property vs investing it. I'm in my 40s, married and have two kids at home. Response from Boston Money Coach Steve Stanganelli: Before investing an ... Read More
The Pitfalls of Searching for Yield – Broker Conflicts Hurt Retirees
We certainly don't need another case to justify the mistrust that consumers have of all things financial. There's been no shortage of scams, lawsuits and perp walks over the past couple of years. Here is a recent example of a slew of cases involving broker-dealers selling either private placements or other illiquid securities that have ended up burning investors. As reported in the Wall Street ... Read More
Deflation? Inflation? Lessons from The Three Little Pigs
Just when you thought it was safe to get back into the investing waters, talk of deflation has creeped back into conversation. Why does it matter? Well, how you position your portfolio to deal with these two scenarios will make a big difference to your personal bottom line. With inflation, your money is worth less the longer you hold onto it. So you're more likely to spend in the now because ... Read More
