Wealthinking by Paula Hogan

What Do We Know About Retirement? And Why Does That Matter?

Posted by Paula Hogan on Wed, Aug 19, 2015

Key Take-Aways from the 17th Annual Meeting of the Retirement Research Consortium

Earlier this month I was pleased to attend the 17th Annual Meeting of the Retirement Research Consortium at the National Press Club in Washington DC.  This annual conference brings together academics from three leading research centers to present and discuss current research in the area of retirement policy and design. The consortium is funded by the Social Security Administration, which then uses the resulting research when making policy decisions.  As in prior years, I came home with new insights, useful information, and heightened appreciation for the connection between academic research, sound public policy, and individual financial planning. 

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Tags: financial planning, personal wealth management, retirement planning, Money Issues, financial planning industry

Effective Financial Habits - Part 2 of 2

Posted by Paula Hogan on Fri, Jul 31, 2015

 

Our prior post detailed how Steven Covey’s first three habits in his widely acclaimed book The 7 Habits of Highly Effective People apply to your personal finances:
  • Be Proactive: You can’t control what happens to you, but you can control how you respond.
  • Begin With The End In Mind: Envision your mission. Articulate character (who do you want to “be”) and contribution (what do you want to do/achieve?) in each part of your life.
  • Put First Things First: Move towards personal goals intentionally. Fill your calendar with what is important, not just urgent.
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Tags: financial planning, personal wealth management, Money Conversations, positive psychology

Effective Financial Habits - Part 1 of 2

Posted by Paula Hogan on Thu, Jul 23, 2015

Financial planning is all about navigating personal change in a manner consistent with core personal values. In financial planning, wherever you start, you end up at this core idea, over and over again. My summer reading this year is focused on this idea.  Let’s have some fun with it. 

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Tags: financial planning, personal wealth management, retirement planning, Money Issues, cultural trends, behavioral finance, positive psychology

En Garde! Engaging With Your 401(k) Plan At Work

Posted by Paula Hogan on Wed, May 27, 2015

In fencing a duel, when the bout director commands "En Garde!" the opponents ready themselves to attack, defend, or otherwise survive.

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Tags: financial planning, retirement planning, portfolio management strategies

Financial Planning April Fool's

Posted by Paula Hogan on Wed, Apr 01, 2015

Sometimes when you look at the big picture, you just have to laugh. See if you can guess the answer to these seven ridiculous riddles: 
 

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Tags: personal wealth management, Money Conversations, financial planning industry

So your 2014 Income Tax Return is filed. Now what?

Posted by Paula Hogan on Wed, Mar 25, 2015

When your 2014 tax return is complete, is your next step to heave a sigh of relief and drop it into the file for posterity?  Or do you take a few minutes to actually look at the return? What would you find if you did take a look?  There must be more than just getting the tax forms completed and signed each year, all the while feeling that the whole process is beyond your control, abusively complicated, and stunningly expensive.

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Tags: financial planning, cash flow management, tax planning

Retirement Advice: Like a Good Woman, It's Hard to Find

Posted by Paula Hogan on Wed, Feb 11, 2015

The Society of Actuaries Committee on Post Retirement Needs and Risks has just published another paper about retirement policy in America. This interdisciplinary volunteer committee has created a stream of substantive data and insights about retirement planning that helps policy-makers, regulators, and consumers.  Retirement planning in our country is challenging and not at the moment optimally addressed. I’m proud to be a volunteer on this committee and grateful for all that I have learned from fellow committee members. 

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Tags: personal wealth management, retirement planning, financial planning industry

An Unexpected Blend of Topics at the AICPA Conference

Posted by Paula Hogan on Wed, Jan 28, 2015

You might be surprised to see the agenda for the 2015 AICPA Advanced Planning Conference in Las Vegas, which I attended last week with Clint Wondra CFP® CPA, another advisor from our office.  This year, the content of the conference included a focus on the softer and more nuanced parts of retirement planning in addition to the more technical offerings traditionally offered by the AICPA, the world’s largest membership organization representing accountants.

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Tags: financial planning, retirement planning, financial planning industry, cultural trends, tax planning

Savvy Cash Flow Management – Part 3 of 3

Posted by Paula Hogan on Wed, Jan 07, 2015

In the first two posts on Savvy Cash Flow Management, we focused on monthly discretionary cash flow as a primary metric for financial freedom and then considered best practices for the use of that financial freedom.  In this third of three posts, let’s look at some specific nuts-and-bolts suggestions for Savvy Cash Flow Management.

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Tags: financial planning, personal wealth management, Money Conversations, needs versus wants, cash flow management

Savvy Cash Flow Management – Part 2 of 3

Posted by Paula Hogan on Wed, Dec 17, 2014

In the first of this three-part series on savvy cash flow management, we identified monthly discretionary cash flow as the primary metric for financial freedom. The subject of this post is what do you do with that freedom? In other words, what makes someone happy in their day to day financial life? That question is at the heart of personal financial planning and so an obvious focus for savvy cash flow management.  

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Tags: personal wealth management, needs versus wants, cash flow management, cultural trends, behavioral finance, positive psychology