When many retirees first meet with us we hear "We need income of $xxx per month
from our portfolio" or "we just want to take the income from our investments to spend".
What a "tax-savvy" financial advisor hears is "I would like $xxx in cash to maintain a
certain life style". The difference in interpretation... Read More
I find it comforting that more and more of the clients who are referred to us at Joseph
Capital Management understand what we do and why it is so valuable. This is not by
chance! We spend a lot of time educating other professionals on... Read More
We had our Annual Appreciation Luncheon for our clients and their friends who live
locally. When they were leaving they thanked us for making them feel part of a "special
community." Each year we identify topics that will inform and provide insight... Read More
Einstein supposedly once said that "Compounded growth is one of the most powerful forces in the universe". To make it even better comes along the tax account called a ROTH account! The difference between making money tax free and tax deferred (like an IRA account) is that... Read More
The highlight of our family activities last summer was a white water rafting trip in Tennessee over the July 4th weekend. Both of our children were able to be with us that weekend and we met up with my brother and his wife and son... Read More
The end of the Year brings many thoughts to mind. These are happy times with family and friends and sad times for those who have lost loved ones. But remembering the good times of old and creating new memories with people in our lives is what keeps us going. As my children come home... Read More
Working as a CPA for many years, I often heard new clients say "I really don't like paying a lot in taxes"! I
always enjoyed the consultative side of being a CPA, which means instead of being a historian and look
backwards, I always looked forward... Read More
I know too many people who resemble the tortoise; no I am not referring to its shape or hard shell, but to their apparent lack of care or knowledge of the many dangers that surround their lives. They are seemingly indifferent... Read More
Like our professional service teams we communicate often with our clients, listen to their needs and support and monitor the achievement of their short and long term goals. We help our clients, as we did in the race, celebrate the... Read More
Its common when faced with a medical diagnosis and treatment plan, even if you like and trust your doctor, you simply want to get more information to make an informed decision. When it comes to your financial peace of mind, it can... Read More
From a financial standpoint, however, she would always say "you can't take it with you", and that "in the end everything we have is really just rented". She told me to find the best people I could trust and form a close... Read More
Wealth is relative. The goal of achieving financial peace of mind, however, is universal. Having financial peace of mind means you have security in knowing that whatever life throws at you, your financial resources will be able to weather the storms... Read More
I got an unwelcome bit of mail recently. Not it was not from the IRS. It was from a firm I did some business with years ago. I nearly threw it away without reading it for it was mailed via the usual bulk rate postage we are so... Read More
The importance of the decision regarding when and how to claim Social Security should not be taken lightly. Unfortunately guidance in this area is difficult to come by. Social Security Administration representatives are not allowed to... Read More
One of the most significant issues we’re often asked to help our clients with deals with what may be described as a prudent withdrawal rate. Specifically, drawing down from one’s investment portfolio too rapidly could be the equivalent of running out of gas altogether by outliving our financial resources... Read More
Most people know answers to questions about their physical health, But most people cannot answer these questions about their financial health:
Do you have a targeted mix of stocks, bonds and cash?
Do you know how much you are presently paying in fees... Read More
My son’s first visit home from college included a request for a mini-fridge and microwave for his dorm room. So we made our way to the local super store and upon checkout were asked if we’d like to purchase the warranty program for these items... Read More
If you find yourself at the Lakeside Country Club on an early Tuesday afternoon you are
likely to overhear the Rotary Club of Inverness conducting its weekly meeting in the
banquet room. Our recently inducted club President wraps up each meeting by sharing why he loves Rotary. If he were
to ask... Read More
Have you ever wondered if a sunny disposition is the product of nature or nurture? Last year UCLA
life scientists identified a gene linked to optimism. This same gene is linked to self-esteem, and "mastery", the belief that one has
control over one's life. These qualities are viewed as key... Read More
To delay is human; to get it done is divine.
Putting off doing something that you know needs to get done is a recipe for anxiety. Sure, you can try and ignore it, forget about it, or find things to distract you from the inevitable... Read More
The trip from Sedona to Flagstaff is about 30 miles long. Directions include a drive along Highway
89A, one of the most beautiful roadways in Arizona, taking you through Oak Creek Canyon. AAA
lists this canyon as a GEM Attraction and in travel articles it's described as... Read More
Looking for interest earnings today has never been more like a treasure hunt. It's true that the
longer you look (stretching maturity dates) and the lower the quality you require, you'll find the higher interest rates. But at what
price? In a word, security... Read More
I am convinced that the best approach to achieving a successful, long-term investment experience is
to structure a diversified portfolio that is built according to your own investment goals and risk
appetite, both across and within asset classes. Depending on an investor's unique ... Read More
In these articles, originally published at RIABiz.com, our former Director of Research, Ron Rhoades provides an argument that investment advisers are a "potentially 'emerging profession' and the future holds two distinct paths." The first is a path of lower standards of care and conduct if investment advice becomes dominated by commercial interests. The better path "arises to the level of a true profession, in which individual professionals collaborate to establish, maintain, and over time enhance the bona fide fiduciary standard of conduct." Ron then elaborates on why consumers of investment advice need trusted advisors who are governed by a fiduciary standard. Ron also discusses five major changes that the modern era has brought to investment management and how those changes may lay the groundwork for a "true investment advisory profession."
Ron comments on a New York Times article in this guest column printed in March 2010 at RIABiz.com. Ron comments upon the dangers posed by a legislative proposal circulating in the U.S. Senate. He notes that Wall Street firms stand to lose billions of dollars a year in revenue (and investors collectively win such amounts) should the fiduciary standard be adopted for all providers of investment advice.
In this article, Ron provides an uncharacteristically short article designed to educate financial advisors on their fiduciary duties. It can be found in the Nov. 3, 2009, edition of Advisor Perspectives, a weekly newsletter designed for Registered Investment Advisers who provide services to high-net-worth investors.
Fear. Uncertainty. Worry. It's hard to ignore these emotions, as the economic news continues to be grim. But this is not the time to panic. In the enclosed Special Report, Ron A. Rhoades, our former Director of Research, offers some insights into the current financial turmoil, expectations of an economic recovery, stock market valuation levels, and what investors can and should do now.
The Informed Investor - Making Smart Investing Decisions in Today's Volatile Market. Investors today are facing difficult choices in achieving their financial goals and, as well they should, are asking serious questions. This brochure will help you see through the noise of the marketplace in order to systematically make smart decisions about your money by utilizing a Nobel Prize-winning approach to your investments that has been proven to succeed in optimizing investment portfolios over time.
Seniors: Top 12 Tips to Avoid Investment Scams. In this paper, Ron A. Rhoades explores the Top 12 Tips that will help Seniors avoid becoming involved in investment scams. These include tips as basic as not accepting offers that sound "too good to be true" to tips regarding Powers of Attorney and asking for Disclosure.
Year-End Tax Planning. Tax planning is a year-round endeavor. This article offers several important tips. Originally published in the Citrus County Chronicle.
These articles explore a specific topic relating to investment theory, portfolio construction, investment due diligence, or related topics in more extensive detail than that found in our other publications. These articles are intended for academics, knowledgeable investment advisers, other fiduciary advisers, and sophisticated investors.
Good things come to those who wait. The head of international equity trading for Dimensional Funds Advisers outlines the firm's "patient and flexible" trading approach, in this April - June 2009 issue of "The Trader," an industry trade publication. This article is a perfect complement to our updated white paper, which focused primarily on trading costs in U.S. stocks.