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Phillip E. Bollin, Certified Financial Planner™

Fiduciary Standard of Care

The Latest Update on the Fiduciary Rule

By | Department of Labor, Fee-only, Fiduciary Rule, Fiduciary Standard, Registered Investment Advisor, Retirement Savings, Selecting an advisor | No Comments

The Latest Update on the Fiduciary Rule While you have been watching the recent volatility in the stock market or the latest political drama unfolding in Washington, you may have missed the latest news on the Department of Labor fiduciary rule that we have been periodically writing about for several years.  On March 15, the fifth U.S. Circuit Court of…

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Market Volatility Can Test the Resolve of Investors Who React Emotionally

Some Perspective on Market Volatility

By | Investing Lessons, Investment Returns, Market Corrections, Returns, Stock Markets, Uncategorized | No Comments

Before the brief ten percent market correction that began on January 26th and ended on February 8th, domestic equity (stock) markets enjoyed the longest period of market calm in history.  Prior to the recent period of volatility, the S&P 500 had not retreated by 3% over one day or several days since November 4, 2016.  The streak shattered the previous…

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2017 Tax Cuts and Jobs Act

How Does the 2017 Tax Cuts and Jobs Act Affect Your Financial Plan?

By | Financial Planning, Retirement Planning, Tax, Tax Cuts | No Comments

The 2017 Tax Cuts and Jobs Act is growing in popularity according to recent polls.  Presumably, the increase in popularity is the result of millions of taxpayers seeing an increase in their February paychecks.  Fatter wallets and bank accounts are not the only changes resulting from the tax reform.  Let us look at some of the other changes that might…

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Bitcoin:  Wave of the future, or bubble in the making?

Should You Bite on Bitcoin?

By | Bitcoin, Crypotcurrency, Expected Return, Investing Lessons, Returns, Risk, Speculation | No Comments

No matter where I went over the holidays it seems there were three subjects everyone wanted to discuss.  Whether it was a formal holiday party, or an informal gathering of old friends, discussions centered around 1) The new tax plan and what it would or wouldn’t do for the economy, 2) The job Donald Trump has done as President in…

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2017:  The Year in Review

The Year in Review: 2017

By | Investing Lessons, Investment Returns, Market Index, Returns, Stock Markets | No Comments

Heading into the year, 2017 was viewed by many investors with a great deal of trepidation and concern.  Political turmoil in the US, uncertainty in the global  economy, rising tensions in the middle east, strained relations with North Korea, and an eight year-old domestic bull market gave many investors pause for the prospects of 2017. For all the potential causes…

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Sir Isaac Newton's South Sea Bubble experience provides investors with valuable lessons.

Lessons from Newton’s South Sea Bubble Disaster

By | Investing Lessons, Market Corrections, Stock Markets | No Comments

If I were to postulate that Sir Isaac Newton (1642 – 1727) was one of the most brilliant minds the human race has ever seen, I would have ample evidence to support my position.  The English physicist and mathematician is legendary in his contributions to the advancement of mankind.  Newton is credited with inventing the reflecting telescope in 1671.  Newton…

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We now know by how much Social Security benefits and Medicare Part B premiums will increase in 2018.

2018 Adjustments to Social Security and Medicare Announced.

By | Financial Planning, Medicare, Social Security, Tax | No Comments

While we continue to wait for Congress to act on tax reform, two pieces of next year’s financial planning puzzle have recently been revealed for retirees.  In October, the Social Security Administration announced that 61 million Americans will receive a 2.0% increase in their monthly Social Security benefits beginning in January of 2018.  The 2 percent increase in monthly income…

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Do you suffer from an illusion of wealth or an illusion of poverty?

Which Illusion Do You Suffer From: Wealth or Poverty?

By | Behavioral Finance, Wealth | No Comments

Think quickly, would you rather have a $1 million retirement nest egg or $5,000 in monthly income to spend during retirement?  Your answer could tell you whether you possess an ‘illusion of poverty’ or an ‘illusion of wealth’ according to recent research published in the Journal of Marketing Research.  In their paper, “The Illusion of Wealth and Its Reversal,” Drs….

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Health-care-costs are projected to rise at 6% clip.

Health-Care Costs Rise Again

By | Health Care, Retiree, Retirement | No Comments

Health-care costs for retirees are on the rise again, a new study from Fidelity Investments reports.  According to the Fidelity study released in August, a 65-year-old couple retiring in 2017 will need $275,000 to cover health-care costs during their retirement years.  This cost is 6% higher than it was in Fidelity’s 2016 report. The 6% cost increase corroborates findings by…

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Implementation of the Fiduciary Rule is moving at a snail's pace.

Another Potential Delay in the Fiduciary Rule

By | Fiduciary Rule, Fiduciary Standard, Selecting an advisor | No Comments

It is starting to sound like a broken record: the future of the Department of Labor’s fiduciary rule is once again in question.  Shortly after the first phase of the regulation went into effect on June 9th, the Department of Labor (DOL) submitted a proposal that would delay the full implementation date from January 1st of 2018 to July 1st,…

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