Do I Need a Living Trust

I’m No Lawyer, But the Short Answer is…. Probably not.  For those who promote the use of living trusts, the general logic is that this is the single, best document that will help you avoid costly probate proceedings when passing assets to your heirs.  And while this...

How Do I Calculate My Net Worth?

It’s Not About Just About Income, Net Worth is the True Story When many people talk about their personal finances, most of the focus goes toward income.  And while your salary is important, a bigger determinant of your long-term financial success is to regularly...

Should I Get a Reverse Mortgage?

I Sign the Line & Get a Big Pile of Money – How Bad Can it Be? Many retirees in need of fast cash are asking themselves, “Should I get a reverse mortgage?” If you’re in this boat, it may be interesting for you to know that reverse mortgages have actually been...

5 Reasons Why Starting a Side Business Makes Great Sense

People’s expectations of work and career are dramatically changing within our rapidly shifting economy.  One persistent trend is the number of people who work more than one job to make a living.  According to the most recent data from the Bureau of Labor Statistics,...

3 Reasons Why Target Date Funds May be Off Target

Target Date Funds Are Popular, But Then Again, So Was Smoking The use of Target Date Funds has become one of the most popular 401(k) options for retirement savers.   According to this article, 71% of 401(k) plans offered a Target Date Fund option by the end of 2013...

3 Strategies to Save More for Retirement

The 3-Pronged Approach to Save More for Retirement I don’t know about you, but I like looking at goals from all perspectives and going after them on multiple fronts.  If you’ve set a goal to save more for retirement, you can definitely take a multi-pronged approach. ...

The Impact of Student Loan Debt on Your Personal Finances

Student Loan Debt – Pay Now & Really Pay Later Student loan debt is the #1 issue impacting the personal finances of most people under 30.  According to a recent survey conducted by Student Loan Hero, the average student loan debt for 2016 graduates is now $37,172....

Personal Finances 101 – YOU are Your Most Valuable Asset

Personal Finances Aren’t Just About Saving and Investing When it comes to personal finances, most financial advisors focus on the saving and investing side of the equation.  There is no doubt that this is very important. You should definitely have a plan in place to...

A Simple Household Spending Plan to Save More for Retirement

“I’m Too Busy to Plan for Retirement” Like all of us, you’re busy.  Retirement is a fuzzy, distant event that has nothing to do with running the kids to lacrosse practice or to dance lessons while making sure family members with five different schedules can get a...

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Hello, I'm Dave Rowan

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