Consumer Items

Luxury Purchases: A How-To

What’s on your dream list? A yacht? A Lamborghini? Or a house in a summer resort? Well into your career and financially secure with extra money to spend, you now look for a treat, a reward for all the hard work of your youth. Advisors, however, have some important caveats for you when you plan to make such luxury purchases.

Cheap Canadian Drugs: Why?

Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.

The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.

Getting Financially Fit

Like maintaining your physical health, finances fitness takes consistent effort and discipline.

Investments in 2020

The pace of recovery makes most investors edgy, yet regardless of the short-term pains, the years leading up to 2020 promise to be big, exciting and rewarding with all the opportunities surrounding technology and innovation.

Apple, High-Flying Value Stock

It’s not every day that a hot tech stock is also a value play. Apple, the highest market value company in the world (a distinction it trades with Exxon Mobil), has that distinction. And even though some worry that this innovation mill will peter out now that founder Steve Jobs is dead, there’s ample evidence that what was once known as Apple Computer still has its mojo.

Need More Home Coverage?

Whether you rent or own your home, you need insurance to help rebuild if fire, tornado, hurricane or other disasters hit you. But what happens to replace your stamp collection after a flood or your Hummel figurines if your house blows away?

Readying a College Freshman

Got a freshman in your home this fall? Besides packing linens and pillows, don’t forget to prepare for your kid’s financial needs.

The time has come for my daughter, Elizabeth, to go to college. Planning is key to ensure a smooth transition. It is both exciting and overwhelming, as much for her as for me. Making sure that she has everything she needs helps me in the transition (I know – I’m a bit of a control freak).

To the Rescue: Boomers

With wages stagnant for the past decade and the cost of necessities rising, many folks’ ability to meet living expenses continues to shrink, let alone their capacity to spend for fun stuff. And that’s not good news for the U.S. economy. When it comes to increasing consumer spending to lift the economy, our only hope lies with the baby boomers, who have the most discretionary income to spend.

Families’ Savings Tips

Raising a family is expensive. Before my wife and I had our first son, I was terrified. We were decent at managing our finances, but I suddenly felt that I had holes in all my pockets. I’m sure other families feel this pinch and constantly look for ways to cut costs.

Try some of the following money-saving tips and use them to take charge of your budget.

Riches: Knowing When to Stop

My father often echoed the saying, “I’ve been rich and I’ve been poor, and I like rich better.” Sounds simple. But how do you get rich in the first place? What is rich?

Believing my father, I thought I’d know rich when I got there. I don’t. The longer I help people with retirement, investments, future planning and the like, the more I realize “rich” has no easy definition.

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