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Generosity Wealth Management blog

 

2nd Quarter and into the Rest of the Year

The 2nd quarter is now behind us, and the momentum is with us!  Will recent global political events derail the positive trend?

Good question, and one I answer in the below video

Transcript:

Hi there, Mike Brady with Generosity Wealth Management, a comprehensive, full service, wealth management firm headquarters right here in Boulder, Colorado. Today, I want to talk about the second quarter review. Really kind of the first half of the year review and then a third quarter preview which really turns into the rest… Read More

When to Start Taking Social Security

The earliest you can start receiving your social security is at age 62, full retirement age is 66 (for people born between 1943 and 1954), and the latest you can delay it is until age 70.2014 07 25 happy couple

At full retirement age 66 you’re entitled to 100% of your amount, but if you take it early at age 62 you receive 75% of that amount.  If you wait until age 70 then you get 132% of the full retirement amount.

So, when should you take… Read More

Squandering the Family Fortune

2014 07 25 old city

60% of the time a family’s money is exhausted by the children of the person who created the wealth, and in 90% of the cases it’s gone by the time the grandchildren die.

The biggest reason they’re squandered is because the people who bilt the wealth do not pass along clear instructions on how to handle the money after they’re gone.  Preserving a fortune requires communication and collaboration that’s hard to achieve.

Have you thought about how you’ll maintain your hard earned… Read More

ADV

I think it’s been awhile since I’ve included my government required ADVs to you, so well, here they are!

You want to know something about me?  It’s probably in there.  You want to know more?  Just give me a call — I’m an open book!

 

ADV Brochure 

  ADV Brochure 2A  

2014 07 25 Mikes Pic

Exercise Class Featuring Hunky Standard Poodles

In one of the weirder things I’ve ever seen in my entire life, here is an exercise video with a Poodle-Shaped Woman Leading an Exercise Class of Standard Poodles.

You know I love Standard Poodles, but this is making them all look bad.

Poodle Exercise with Humans… Read More

Life Expectancy and Costs

Do you know your life expectancy?  What does life expectancy really mean, and why should we care?

 These are the questions I answer in my video this newsletter.

Therefore, you should watch my video.

Hi there, Mike Brady with Generosity Wealth Management, a comprehensive, full service, wealth management firm headquartered here in Boulder, Colorado. Today I want to talk about life expectancy and withdrawals and Medicare and Social Security, etc. To be honest with you I only have three or four minutes so… Read More

Warren Buffet’s Biggest Losses

2014 06 25 Berkshire Hathaway- losses since 1980

When you hear 9 – 10% in the stock market, you must remember that those returns contain every single type of market environment.

Warren Buffet is one of the most successful investors ever, and he still has declines at some point.  But, he has the right behaviors ingrained in him to “be greedy when others are fearful, and fearful when others are greedy”.

No one likes declines, but they are part of a full market cycle.  When constructing a

8 Notable Price Points Adjusted for Inflation

2014 06 25 6 million dollar man edit

Somehow the $28,852,576.06 Man just doesn’t have the same ring to it, but that’s what it would be in 2014 with inflation.

Inflation is a real thing, even if it’s been incredibly low as of late.  With quantitative easing and a zero interest rate policy by the Fed, it’s actually been unusually low and for a sustained time frame.

I think it’s reasonable to expect inflation in the future, whether that’s 2, 5, or 10 years.  

How International ETFs Work

2014 06 25 ETF illustration

It’s BBQ season, and I want my clients to be the smartest in the neighborhood!  So, when the conversation drifts away from FIFA World Cup and towards how International ETFs work, you’re totally going to be ready.

How International ETFs Work

Most Efficient, Groundbreaking Way to Hold a Hamburger

2014 06 25 hamburger

Like investment theories, there are different philosophies on the best way to hold a hamburger for maximum efficiency.

Hey, I’m an efficiency fanatic and need to know these things.

So, researchers spent 4 months (experts in fluid mechanics, engineering, and dentistry) to figure out the best way eat a large hamburger.  It included a 3D scan of the hamburger to study how the particles interacted together.

Now that I’ve teased you, click on the link to watch the 1:26… Read More

Investing in Previous Year Winners

One thing to watch out for is assuming the future will reflect the past. As a matter of fact, that whole “past performance is no guarantee of future result” is actually true.

So, looking at history over the past 14 to 15 years, what would happen with your returns and volatility if you had invested for the year based on the best asset class for the prior year?

Inquiring minds want to know.

Therefore, you should watch my video.

Hi there, Mike Brady with Generosity Wealth Management… Read More

Volatility is Up

volatilityThe unmanaged stock market indexes are experiencing much more volatility this year compared to last.

Now is the time a well balanced portfolio really shows it’s worth.

Market Moves – Full Article

What is your audit probability?

audit probability

The probability of getting audited is much lower today than it was 30 years ago, but is up since the year 2000. It is definitely income dependent.

If you made more than $200,000, you had a 3.26 % probability of being audited in 2013, but a less than 1% probability if you made less than that. Over $1mm in income? You’ve got a 1 in 10 chance.

 

Full Article

Definition: Leveraged Buyout LBO

LBO

Defined:

The acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. Often, the assets of the company being acquired are used as collateral for the loans in addition to the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital.

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How to Prepare a Fugu Fish

fugu fish

I’m like the Swiss Army Knife of Financial Advisors, in that I worry you may be asked to prepare a Fugu Fish (bursting with tetrodotoxin, a poison hundreds of times more deadly than cyanide) and not know what to do.

Fortunately, you’ll have read my newsletter and will know what to do.

You’re welcome.

How to Prepare a Fugu Fish

First Quarter and into the Rest of the Year

The first quarter is now behind us, but all the excitement happened in the first week of April!

After reaching new highs, the unmanaged stock market indexes pulled back a little bit, so the question we have to ask ourselves is “what does this mean for the rest of the year?”.

Good question, and one I answer in the below video:

 

Hi, this is Mike Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado, and today I want to talk about… Read More

Confidence in Retirement

One third (1/3) of workers and retirees have less than $1,000 in savings and investments in their retirement nest egg.

Only 44% have done a calculation to find out how much they should be saving.  Confidence in Retirement Picture

 With longer life expectancies, your retirement years can be the best years of your life, but outliving your money is a real risk!

 One of the biggest and best values I bring to clients is the ability to put the pieces of retirement planning together, and chart… Read More

Gas Taxes Across the Country

interactive gas tax chart

Summer is right around the corner, so I thought I’d share the really cool chart above (and link below for interactive) for the various state gas taxes across the country.

As a side note, I’m curious to see how gas taxes are addressed by states going forward. With higher fuel efficiency and hybrid technology, gas tax revenues are down since people are buying less gas.

Interactive Gas Tax Chart

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Some Words to Live By

I saw the below in a blog by Seth Godin (who I absolutely love), and it really struck home to me. They’re definitely words of wisdom that I try to put into my practice as I’m working with clients and living my life

“Most of the time, people don’t want a refund or a bonus. What they really want is for you to hear them and to do the right thing. What if every manager and every customer contact in your organization bought into that?

Here are some things you can do that don’t… Read More

Every Conference Call in Real Life

This is probably a little funnier for those of us still in the workforce, as conference calls and webinars are now a part of life.

Disturbingly, this video is so right on. Funny.

 

Original Wesite blog 

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