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Generosity Wealth Management blog

 

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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January Volatility

In my video today, I discuss the most recent January volatility in the stock markets.

Does the worst January in the Dow since 2009 mean we need to change our strategy?

Is there any change I recommend since my last video about 3 weeks ago?

For the answer to these questions, listen to my 4 minute video.

Don’t be a Slave to History

20 year average annual return

Twelve months ago, the 5 year return for the S&P would have covered 2008 – 2012, for a +1.66% annual return (including reinvested dividends). Today and one year later, because a bad year dropped off (2008) and is replaced by a good year (2013), the 5 year annualized return jumps up to +17.94%.

Let’s look at another longer term statistic. A year ago, the 20 year annualized S&P 500 return was +8.22% a year vs. +8.50% a year for long term Treasuries… Read More

Beneficiary Update

Now is a great time to ensure your beneficiaries are consistent with your wishes.

But you have a will? It doesn’t matter if it’s an IRA, 401k, or other typpencil tipe of account that transfers by “contract” vs. through probate.

Have an ex-spouse you used to have as your beneficiary but are now remarried? You have to proactively change it to your new spouse if that’s what you want. It won’t change by itself!

Talk with me if you need… Read More

Definition: Back-Of-The Envelope Calculation

back of the envelope calculation

Defined: An informal mathematical computation, often performed on a scrap of paper such as an envelope. A back-of-the-envelope calculation uses estimated and/or rounded numbers to quickly develop a ballpark figure. The result should be more accurate than a guess, but will be less accurate than a formal calculation performed using precise numbers and a spreadsheet or calculator.

MB Comment: I’ve done hundreds of financial and retirement plans/analysis for clients, and after about 23 years, I usually know the rough outcome even before… Read More

Mike Brady Turns 45

mike birthday pic

Who would have thought that little kid in the photo would grow up so big and strong?

Yep, 45 years old this week. Happy Birthday to me!

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One Year Ends and Another Begins

2013 was a great year for stocks/equities in general, and pretty bad for bonds. If only we could rewind the year and go 100% in stocks.

But would that be wise? Sure, in hindsight and only since we know how it turns out. But investing doesn’t work that way. We work in the unknown, crafting a disciplined investment strategy that helps a person reach their goals.

I have a full 2013 recap and 2014 thoughts in my video, so I highly recommend you watch it.

 

Hi there, Mike Brady… Read More

ADV and Privacy Notices

I will soon be changing my Investment Advisory Representative (IAR) affiliation from my own state Registered Investment Advisory Firm to a SEC Registered Investment Advisory firm (Cambridge Investment Research Advisors, Inc.).

I will continue to use Generosity Wealth Management as my “doing business as”, with the same logo, email address, phone number, etc.Logo Final JPEG

Besides my disclosures changing, it will be mostly transparent to existing clients. Fees, management, investments, account numbers, etc. are all the same.

I am doing this to simplify… Read More

10 States with the Scariest Death Taxes

“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin

Just because they’re inevitable, doesn’t mean you shouldn’t live a healthy life for longevity, and position yourself to pay the least amount in tapeople on beachxes.

At least the final estate or death taxes.

The link below has the 10 worst states to die in, at least from a tax point of view.

Colorado — not on the list.

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Planning for Future Healthcare Costs

With all the discussion around Obamacare, I thought I’d include a whitepaper on planning for future healthcare.

It’s pretty tricky–I’m not going to lie.

I have a great program that extrapolates out into the future estimates for specific healths, age, lifestyle, tax brackets, etc. I have to admit it’s pretty cool.

If you’d like me to do one for you (complimentary of course), let me know.

In the meantime, here’s the whitepaper:

Planning for Future Healthcare Costs

IBM Hard Drive being Loaded into a Plane – 1956

I thought you might like the below picture from 1956. It’s a 5 megabyte (MB) drive weighing 2,000 lbs.

To put that in perspective, the very lowest end iPhone 5S has a 16 gigabyte (GB) drive, about 3,200 times bigger, while weighing 0.25 lbs.

The below hard drive could hold exactly 1 iPhone picture today. It was available for rent at $3,200 per month.

We’ve come a long way……..

 harddrive being loaded into plane

Wrong Lessons from 2013

In my video today, I discuss what I’m hoping people don’t take away from 2013.

Diversification? What that?

For a full discussion of this, listen to my video.

Transcript:

Hi there, Michael Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado.

Today, I want to talk to about the lessons of 2013. I know it is only mid-December but we’ve got 11 1/2 months and I think it’s close enough. More than anything, I want to talk about the lessons I’m hoping investors… Read More

Unemployment in Europe – Still a Disaster

 

2013 12 13 europe unemployment chart

I’ve been watching the situation in Europe for years now, and fundamentally they have serious long term issues.

Specifically, their debt levels, unfunded pension obligations, and employment policies.

The long term unemployment rate for Europe has only gotten worse in the past few years.

Click on the below link for the full discussion of this

Unemployment in Europe Still a Disaster- Full Article

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When should you start cashing in on Social Security?

2013 12 13 social security card

At age 62, you receive 75% of what you’d receive at your full retirement age (assuming 66). If you delay until 70 years old, you accrue 8% more per year (32% over 4 years).

In general, I usually recommend waiting until 70 to start your social security, but this is also assuming a long life.

When you’re looking at social security planning for couples, I have a program on my computer that can track all the permutations (file and… Read More

Definition: High Yield

2013 12 13 high yield

Defined:

A high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.

Based on the two main credit rating agencies, high-yield bonds carry a rating below ‘BBB’ from S&P, and below ‘Baa’ from Moody’s. Bonds with ratings at or above these levels are considered investment grade. Credit ratings can be as low as ‘D’ (currently in… Read More

The Hobbit Opens this Weekend

2013 12 13 hobbit poster

 

 

 

 

 

 

 

 

Need I say more?… Read More

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