Kaplan on Your Money

July 1, 2018

Women have special financial needs that advisors overlook in two ways: 1) advisors don’t always acknowledge the different planning needs women have and 2) advisors don’t always communicate well with female clients – especially if the client comes to a meeting with her husband. It’s very common for ...

Read more »

Would you like to design your ideal retirement? Where do you begin? First of all, what does retirement mean to you? If you’re in a relationship, does retirement mean the same to you as it does to your partner? Do you know if your “ideal retirement” is affordable or just a pipe dream? In past ...

Read more »

Social Security has been around for decades and it’s not about to disappear. Why? Social Security is not an entitlement ("gift") that can be taken away - it’s a forced savings scheme that Americans pay into in their working years in order to secure a pension for life. Ideally, Social Security ...

Read more »

Let’s get real about retirement. Will you have enough to remain comfortable in retirement for 30 years or more?  Studies show this is a recurring fear many Americans have - and for good reason. Many Americans are completely unprepared to fund a comfortable retirement, and remain naive about the ...

Read more »

Now that the dust has settled, here are some smart tax moves to lower your taxes and/or avoid higher taxes/penalties in 2018. These steps may be especially helpful if you live in high property and high income tax states (e.g. New Jersey, New York, California) since state and local tax deductions ...

Read more »

Aesop’s “The Tortoise and the Hare” is a perfect metaphor for the way people go about investing their money. As you recall in the fable, the hare brags about his ability to beat the tortoise and is overly confident about winning. In the investment world, the hare is someone who thinks he or she is ...

Read more »

There are 6 mistakes people often make when engaging a financial advisor -- and all of them are avoidable!  Before listing the mistakes, let's put the issue of paying for financial advice into context. Health and money are two areas of life where everyone benefits from professional input and ...

Read more »

The financials industry spends a lot of time and money on preparing stock and bond market forecasts – especially at this time of year --  but are they “helpful” or “useless” when it comes to making investment decisions?  In my opinion, most of these forecasts have little predictive power. In other ...

Read more »

Here are 5 “no-brainer” moves you can make before year-end to strengthen your finances: 1. Taxes: NJ AND NY RESIDENTS ALERT: If Congress pushes through tax reform that eliminates state and local tax exemptions, many NJ and NY residents (along with MA and CA residents) will be hit with tax ...

Read more »

Note: Recently I gave a seminar on “It’s Greek to Me!” – Understanding Your Investment Statements at the Bernards Township Library in Basking Ridge, NJ. Here are a few of the items I touched on. When you look at your monthly investment statement, do you think “this looks like Greek to me”? Do ...

Read more »

Is it good or bad to have a lot of employer stock in your 401k plan? It depends. Some employees accumulate company stock quickly because their company match is 100% company stock. Other employees load up on company stock because they’re bullish on their employer (and don’t fear an Enron-type ...

Read more »