Archive for the ‘Estate Planning’ Category

Nearly 60% of Americans Don’t have Wills

Only 42% of all US Adults have a will or living trust. As American get older, the percentage increases (for those older than 72, 81% have something), but considering we never know when we may die, it is very important to get your estate planning done! I work with a number of very good attorneys, so let’s be sure you’re not one of those who will let the courts decide what happens with your assets instead of you stating it in advance. Read more HERE Read More

Who Will Care When You’re Not There?

You know I’m a planner deep into my soul, and that extends to ensuring my beloved pets are taken care of too. If you’re lucky, a close family member or friend will take care of your dog, cat, bird, or other, but what if they’re unable?  What if they have a pretty big difference in how they relate with animals than you do? I haven’t read this book yet, but will as I just ordered it a few days ago. Have you made plans for your extended members of the family if you pass away? Who Will Care When You’re ... Read More

First Quarter Review / Current Thoughts

The first quarter was a great reaffirmation that diversification can be your friend. US Large company indexes lagged, but middle and small companies did better. US Bonds did well (in general), as did international stocks. While diversification does not guarantee a positive return in a generally declining market, my experience is that it does tend to “buffer” some of the returns so you can stay with the plan that works for you. In my video, I review the past quarter and continue my theme about what I’m watching to come to a “health” conclusion on the markets. Okay, I’m still ... Read More

Mike Brady in the Wall Street Journal

There are few things as sweet as your first mention in the Wall Street Journal. March 10th was the day Mike Brady arrived in print! Since I was written up in the TheSuit Magazine, I’ve had a number of requests for interviews, expert quotes, and general articles about how I interact with clients. I provide distinction from others in my field in the relationships I build and how I focus on the “why”, vision, and goals. Activating your creative “right brain” is just as important as the logical “left brain”. I’ve been interviewed on this recently for a technical journal, ... Read More

7 Simple Things Most Investors Don’t Do

      I’m entering my 24th year working with clients. I did financial plans for people decades ago, and usually, those that did reach their goals did so not because they bought mutual fund A instead of mutual fund B, or this investment over another, it  had to do with having the right behavior and keeping the big questions in mind. Ben Carlson wrote an absolutely wonderful blog that I’ve linked to below.  He says very succinctly what I say all the time, and truly believe. Here’s his list of 7 Simple Things Most Investors Don’t Do Look at ... Read More

The Big Picture

The 3rd Quarter was schizophrenic, with most of the unmanaged US and international stock indexes negative, bonds (in general) slightly positive, and with tons of volatility across the board. Particularly in the past few weeks, every day there seems to be triple digit swings in the Dow, and lots of negative news (ISIS, Ebola, etc.). Now is the time when we have to remember the big picture and what we as investors are striving towards.  It is the time when emotions can be high, but we need to keep a steady hand and focus.  Now is when we reaffirm what ... 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 I’m only going to give you a little teaser and then I’m going to follow up in ... 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 taxes. 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.   10 States with Scariest Death Taxes   Read More

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 don’t take away from 2013. Before I get started, ... Read More

What is Generosity Wealth Management’s Dynamic Value?

It’s been my experience that when people don’t reach their financial goals it’s not because they failed to buy stock A over stock B, or bought this mutual fund over another. Most of the time, it’s the bigger questions they’ve failed to answer, like “am I spending more than I earn?” or “what happens if I lose my spouse?”. What is the dynamic value Generosity Wealth Management brings to the table? A = helping clients answer and address these issues, and keep the big picture in mind. For a full discussion of this, listen to my short video where I ... Read More

Characteristics of Successful Clients?

I was recently asked “what are some characteristics or traits you’ve noticed in people who seem to reach their goals?”. Hmmmm…..good question. I suppose I could be completely self-serving by saying “they click on my videos in my newsletter” but that’d be too obvious. So, I’ll start off by saying “they treat their life and goals like a business”. For the rest, you should watch the video.   Good morning. Mike Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado, although I have clients in many different states. Today, I wanted to ... Read More

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Client?

Are you interested in talking with me about your finances and investments but not sure if we’re the right fit? I have clients of all portfolio sizes, ages, employment, and stages of life. What I like to do is make a difference in someone’s life. Frankly, it’s just as rewarding for me to work with a young couple who are serious about planning and saving for their future as it is to manage portfolios and wealth for business owners and retirees. Don’t be shy. If you’re curious about whether we’d be a right fit, give me a call and we ... Read More

Estate Taxes Going Up?

Currently, estates under $5 million are exempt from estate taxes. Next year, barring congressional action, the exemption level falls to $1 million and the top rate rises to 55% In an election year, this is a hot potato. For years the exemption amount was unchanged at $600,000 but in the past 12 years or so it has continually gone up and down without much thought to the long term strategy. How can we, as investors and tax payers, properly plan our estates when the rules keep changing? Read the following article for more information.  Estate Taxes are Going Up – ... Read More

Estate Planning: 16 Things to do Before You Die

If you’ve ever had the unpleasant task of putting a loved ones affairs in order after their death, then you’ve probably thought “I wish they’d done this or that to make things easier. If only they’d known!” Well, now is the chance for you to do something different with your estate. This article is a pretty good list of things you can start today 1. Physical Items Inventory 2. Non-Physical items Inventory 3. Credit Cards and Debts List 4. ……….. Click for the Full Article  Estate Planning – 16 Things to Do Before You Die Read More

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Client?

Are you interested in talking with me about your finances and investments but not sure if we’re the right fit? I have clients of all portfolio sizes, ages, employment, and stages of life. What I like to do is make a difference in someone’s life. Frankly, it’s just as rewarding for me to work with a young couple who are serious about planning and saving for their future as it is to manage portfolios and wealth for business owners and retirees. Don’t be shy. If you’re curious about whether we’d be a right fit, give me a call and we ... Read More

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I am taking new clients

Last quarter a client of mine asked my permission to refer his friend to me. He didn’t want to offend me by giving out my business card without my okay. I’m hereby giving everyone permission to offend me! What this conversation led me to understand is that I haven’t done a very good job communicating that Generosity Wealth Management has the knowledge, infrastructure, and expertise to help out your friends, family, and those you care about. I work with clients seeking to grow, preserve, and distribute their wealth in an efficient manner to ensure the well being of themselves, their ... Read More

Help Your Aging Parents

How can you start to help your aging parent without causing them to become defensive? What kinds of assistance can and should you provide them? This is a good article to start to address these questions. LINK TO FULL ARTICLE Read More

Future of Estate Planning Remains up in the Air

In the same vein as my video and article on Unresolved Tax Bills in Congress, the Estate Tax is STILL not resolved for next year. What a disaster! The Estate Tax exemption is about to revert to $1,000,000 again in just a few months.   Read More

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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.

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The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.

Indexes are often used as a proxy for the stock market and cannot be invested in directly.