Interesting Reading

William Baldwin  wrote an article in Forbes, where he compiled a list of hourly financial planners across the country. Guess who made the list?! 

This blog post by fellow advisor in Iowa, Carrie Houchins-Witt CFP® / EA, describes how home ownership can help take a bite out of your tax bill.

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For anyone who finds themselves 5-10 years away from retirement, I'd have to recommend this book.

Its worksheets take you step-by-step through such topics as budgeting now and how much money you'll need in retirement. It also does a great job of explaining the incredibly complex issues of Social Security, Medicare, and the Affordable Care Act.

I love this book! I think that everyone who's close to retirement, or in retirement, will benefit from reading this book. You can read it all the way through, or just go to the specific areas you have questions about at the moment. Ms. Quinn's years of researching personal finance are summarized in this book, which boils complex issues down to what you need to know.

I just listened to "The Investment Answer" by Daniel C. Goldie and Gordon S. Murray, which was recommended by a client. (Thanks, Mike!) I believe their views on how people should approach long-term investing are right on the money. (Pardon the pun!) You can read this book in one sitting, or listen to it in its entirety in just 45 minutes. 

Jenny Ling, a local attorney, wrote this article in her October 2018 Newsletter, which I found very useful. We all want to avoid paying unnecessary taxes or medical costs, allowing us to pass more money to our kids when we die. However, as Jenny explains, transferring ownership of your house to your kids isn't the best way to do this.

We all spend money. But do we do so wisely, so as to maximize the happiness it can bring to us? "Happy Money" by Dunn and Norton discusses the links between money and happiness. Although financial planners focus on using your money to get more money, maybe it's time to focus on using your money to get more happiness.

This is my go-to book for anyone who wants to take charge of their finances. It's straight-forward, easy to read, and very upbeat. Although I don't share the authors' low opinion of all financial advisors (some of us are okay!), I very much agree with their strategies for taking control of your personal finances.

If you want to understand why I believe the best way to invest is to create a low-cost portfolio made up of well-run index funds with a good track record and that’s properly diversified, then rebalance once a year, please read this book. The authors (as well as I) believe in the KISS strategy of investing and have the data to back it up.

Here's the link to the Forbes article that was just updated and lists hourly planners throughout the country. Guess who once again made the list!