Do You Know Your Investment Risk Score?

GoldilocksAbout 20 years ago, as I was just beginning my career as a financial advisor, I thought about and discussed investment risk with clients like it was something out of Goldilocks and the Three Bears.

I’m sure you remember the story of Goldilocks innocently breaking and entering into the home of a family of bears. After tasting their porridge and then testing the comfort of each of their beds, she settled on the “least extreme” choice.

Not too hot; not too cold — just right.

Not surprisingly, the Goldilocks Principle exists to describe our preference to avoid extremes and choose something that falls comfortably between them.

And this describes how I thought about and presented investment risk to my clients. You certainly didn’t want too much risk. But just as importantly, you didn’t want too little.

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What A POLST Is And Why You Need One

POLST GeorgiaI was recently speaking to my friend and colleague, Ronnie Genser of Bereavement Navigators.

She asked if I was familiar with “POLST.”

I told her that I wasn’t.

Over the next 5-10 minutes, Ronnie explained what a POLST is and why everyone should consider putting one in place.

I found the information so interesting – and important – that I asked Ronnie to spend some time with me on another phone call so I could record our discussion and share it with you. Below is a recording and transcript of a call between Ronnie and myself on September 30, 2014.

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3 Questions Every Woman Should Ask Before Hiring A Divorce Attorney

3 QuestionsDivorce is such an emotional experience, it can be hard to know how to determine which attorney has the potential to help you achieve the best outcome with divorce and custody issues. With that in mind, I spoke to Melody Richardson and Rachel Miller, experienced family law attorneys with Pachman Richardson in Atlanta, about the best questions to ask attorneys that you might select to represent you in your divorce. Their answers are below.

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Don’t Live The Deferred Life Plan

Hour GlassMany of us have heard of or are familiar with the term “disposable income.”

Investopedia defines disposable income as personal income minus personal income tax payments.

But in my experience, I think many of us have a more practical definition.

Most people I speak with think of disposable income as what’s left over after taxes, bills, mortgage payments, fueling up the cars, putting food on the table, etc.

Of course, everyone’s situation will be a little different, but I think it’s important to consider your disposable income from Investopedia’s definition.

If you earn an income, whether as an employee or through your own entrepreneurial efforts, after taxes are accounted for, I think it’s a valuable exercise to do some blue-sky thinking.

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Use Evernote To Make Your Brain Bigger

Evernote LogoToday marks the beginning of October.

Next thing you know, Halloween will be here. Then Thanksgiving. Then Christmas.

Then . . . it’s a new year: 2015

What are you doing to make the remainder of 2014 the best in can be for yourself and others you care about?

And what will 2015 hold for you? Will it be your best year ever?

Reply to this email and let me know. Who knows, maybe I can help make your plans a reality. Or perhaps one of the experts in my growing network can help.

Regardless of your plans for the coming days, weeks, and months ahead, I think we can all agree that the overall pace of life seems to be accelerating every day.

And remember, while it’s important to get a good return on your money, it’s not the only thing – nor is it the most important thing – I help my clients with.

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