In the economy of relationships people make mistakes. It’s just part of the price you pay in a partnership. Factoring in a few inevitable mistakes into the relationship equation can soften the blow of a blunder. Being vulnerable and open can help others through their difficulties and challenges. No doubt you will need some grace yourself someday, and the universe has a way of pay back, so sow well.
Sharing in the public domain is tricky business. We live in an open society with social media and cameras everywhere. Any post can be an evergreen… forever. Be judicious in exposing personal issues, politics and religion. Lines get drawn in politics and religion and it’s hard to cross back over to repair a bad posting. It can be detrimental to business when you share too much.
Having someone’s back in business is a high value characteristic among partners. It creates a bond, a loyalty that is not easily broken. When someone has been there for you, you need to display commensurate actions that speak louder than words.
Unnecessary conversation is almost always counterproductive. Sometimes our additional discussions hurt our credibility. Stick to the meat of the matter and avoid wordiness. Often, we feel the necessity to fill a void in the conversation; but that moment may be the perfect time for everyone to pause and take a breath. The need to carry the conversation may come off as insecure. We all have insecurities, but we don’t have to telegraph them by filling the silence.
Referrals are a great indicator of good relationships. It shouldn’t be a surprise that those with whom you have cultivated good relationships want you to succeed, and they may be willing to recommend your services. So, asking for referrals is a necessity. It also needs to be a two-way street. Over the years many financial advisers have referred CPAs to their clientele. Unfortunately, there has been little to no reciprocity. If there’s little to no reciprocity, then there’s little to no relationship.
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Released On: 12/27/2019
Views: 1932
There are mortality averages based on actuarial statistics that can approximate the life expectancy of the general population at large. But “averages” don’t address half of those who will exceed the norms. The more data you put into determining y ...
Released On: 12/26/2019
Views: 1867
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Released On: 12/25/2019
Views: 1790
It’s rather stunning to discover that most baby boomers have never had a budget in their life, but they’re going to need one in retirement. Retirement may be the biggest motivator for most Americans to create a budget because retirees live month ...
Released On: 12/24/2019
Views: 1898
Life just happens, but there are predictable events common to most in our culture and most of those events have a financial impact. Planning for those predictable events can prepare you to meet many of these obligations. The life event checklist ...
Released On: 12/23/2019
Views: 1971
The Mortality Revolution may very well be the final frontier in mankind’s quest to beat death. So far, the grim reaper has won every time, but new timelines are emerging in human longevity that are delaying the inevitable. Prepare yourself for l ...
Released On: 12/20/2019
Views: 1790
Living longer is exacerbating over a dozen other retirement risks that threaten the vast majority of retirees and those near retirement. If the status quo continues, the retirement lifestyle of most seniors will be severely pared back. Watch the ...
Released On: 12/19/2019
Views: 1830
Most of the retirement plans currently operational have a significant flaw. They’ve grossly underestimated the increase in life expectancy over the last generation. But government and military pensions are in the greater financial jeopardy, becau ...
Released On: 12/18/2019
Views: 1804
The law of large numbers and changing demographics of life expectancy is having a significant impact on guaranteed lifetime annuities. Annuity manufacturers are touting their alpha with mortality credits and receiving newfound interest among fina ...
Released On: 12/17/2019
Views: 1821
The last 100 years have seen a significant increase in human longevity compared to the earliest records of mankind. The spike in longevity has caught the Western world by surprise. The effects of this revolution are affecting financial planning a ...
Released On: 12/16/2019
Views: 1776
There was a time when Social Security benefits were not exposed to ordinary income taxation. But over the years, small incremental steps were taken to tax the benefits. Maybe “means testing” may be implemented to shore up the vulnerable Social Se ...
Released On: 12/13/2019
Views: 1467
Collateralized loans are not characterized as income and are not reportable, as such, on your 1040 form. And because these loans are not forms of taxable income, they are not counted for the provisional income test for Social Security taxation. W ...
Released On: 12/12/2019
Views: 1932
Retirement, as it is today, is inherently crippled by taxes. You may very well have one million dollars in your retirement plan, but Uncle Sam may own up to 40% of it. Health Savings Accounts (HSA) and Roth IRAs need to be reconsidered as a first ...
Released On: 12/11/2019
Views: 1735
Most American workers don’t comprehend the realities of retirement until they’re a few years from retirement date, which is often too late. They’re just too busy dealing with immediate financial pressures to understand the long-haul consequences ...
Released On: 12/10/2019
Views: 1766
Retirement will undergo a drastic reinvention as the newest generation redefines it's golden years in their investment habits and senior lifestyle goals. https://www.youtube.com/watch?v=RAdtMWBaseY&feature=youtu.be
Released On: 12/9/2019
Views: 1729
Your retirement account is only as big as your tax planning strategy. Your personal exemptions and standard deductions in retirement will not be enough to offset your tax bill. Tax management must be a major component of your retirement plan. Wat ...
Released On: 12/6/2019
Views: 1831
If you have longevity in your family, guaranteed income for life is a must consideration. If you think it’s reasonable that medical advances will impact your longevity, then guaranteed income for life may need to be in your retirement plan. Watch ...
Released On: 12/5/2019
Views: 1690
A happy retirement is based on math and science, not on wishful thinking and hoping things turn out right. You need to eliminate debt and risk in retirement and secure reliable income to generate the peace of mind that seniors desire in their gol ...
Released On: 12/4/2019
Views: 1438