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Articles from Justin Krane | Selfgrowth.com
- 4 Mistakes Entrepreneurs Make With Retirement Planning - by Submitted on Sep 11, 2011 from Justin KraneHere are four common mistakes entrepreneurs make when it comes to retirement planning. Start now and you can avoid and/or correct these pitfalls. Mistake #1: You plan on selling your business in the year you want to retire. Then you will take that money and live off it. But what happens if ...
Views: 965 - Is a Roth IRA Conversion for You? - by Submitted on Sep 11, 2011 from Justin KraneWhen people ask for suggestions on financial planning opportunities, I tell them two words. Roth IRA. How great would it be if you didn't have to pay taxes when you take distributions from your retirement account when you retire? Maybe you could retire earlier! Or you may be able to save ...
Views: 873 - Your Biggest Financial Risk - by Submitted on Aug 22, 2011 from Justin KraneWhen it comes to investing, many of us are so concerned about losing money that we forget why we are investing in the first place. We are investing to reach some goal, some goal that we set in today’s dollars in our minds. When we plan for a goal that is far away, say 10, 15 years in the future, ...
Views: 682 - Behavioral Finance – Part 2 - by Submitted on Jul 22, 2011 from Justin KraneBehavioral finance is a type of finance that examines the psychological aspects about how we make decisions about money. This is part two where we will examine two more theories of behavioral finance and how it effects our financial decisions. The first one is called “anchoring bias” and to ...
Views: 1427(2 votes) - Behavioral Finance – Part 1 - by Submitted on Jul 25, 2011 from Justin KraneBehavioral finance examines the psychological aspects about how we make decisions about money. This is part one where we will examine two theories of behavioral finance and how it effects our financial decisions. Hopefully, you'll have a better understanding of which and how these theories ...
Views: 1238(2 votes) - Retirement Planning and Ingredients To Consider When Baking Your Retirement Cake - by Submitted on Jul 22, 2011 from Justin KraneIn the Olympics, you may have had a chance to watch a track and field superstar win a gold medal. Once they cross the finish line, their sheer excitement, happiness, and pride for their country is the engine that makes them take that victory lap. The pressure is gone, the results of the hard ...
Views: 1071 - Money Doesn't Always Buy Happiness - by Submitted on Jun 22, 2011 from Justin KraneI rarely share stories I get via email but this one really touched me. It's one we should all remember when it comes to our lives and money. A man came home from work late, tired and irritated, to find his 5-year old son waiting for him at the door. "Daddy, may I ask you a ...
Views: 874(1 vote) - Protect Your Assets With Disability Insurance - by Submitted on Jun 22, 2011 from Justin KraneMost of us think that our portfolio, home equity or business is our largest asset. But what about our ability to produce income? Assume you and/or your business earns $200,000 per year: The present value of making $200,000 a year for the next 5 years is $890,364. In other words, if you ...
Views: 671 - What is Financial Risk and is it Quantifiable? - by Submitted on Jun 22, 2011 from Justin KraneFor most of us, when we think of the word risk, we think of losing money. We think of the unknown and what could go wrong. Have you ever heard of the term standard deviation? It may be the measure that you are looking for to assess the overall volatility of your portfolio and your financial ...
Views: 598 - Get What You Want With Your Personal Finances - by Submitted on Jun 18, 2011 from Justin KraneLearn from the Weight Watchers program: 6 Ways to Get What You Want With Your Personal Finances 1. The point system keeps you in check and provides flexibility. You can eat some foods that you love just as long as you don't go over the allotted points per day. Develop a saving and spending ...
Views: 513 - The Ins and Outs of Employee Stock Purchase Plans (ESPPs) - by Submitted on Jun 09, 2011 from Justin KraneIf you work at a public company, chances are that your company offers you a way to buy stock in your company at a discount. It’s a way of saving and investing automatically where your investment gets deducted from your paycheck. There is no tax deduction – you are using after tax money to buy ...
Views: 653 - Tax Loss Harvesting - Making Lemonade Out of Lemons - by Submitted on Jun 09, 2011 from Justin KraneHas the volatility of the stock market got you thinking about what to do? Now may be the right time to make your own lemonade stand. Consider doing some tax loss harvesting. So how does this work? Selling securities at a loss can offset your capital gains tax liability. At the end of the ...
Views: 525 - Financial Planning For Special Needs Children - by Submitted on Jun 09, 2011 from Justin KraneEach time my kids achieve something for the first time that they have been trying to do for a while, they become proud of themselves and gain confidence. Whether it's tying their shoes or writing their names for the very first time, they see that they can overcome an obstacle and succeed at ...
Views: 613 - Charitable Giving and Your Personal Finances - by Submitted on May 24, 2011 from Justin KranePhilanthropy is Full-Anthropy Has anyone ever asked you what you would do if you had all of the money in the world? Most commonly, people respond with, "I'd buy a bigger house or travel." This is often followed by, "I'd donate more money to charity." People who are charitably inclined ...
Views: 577 - Let’s Hug It Out With Bonds - by Submitted on May 24, 2011 from Justin Krane4 Reasons Why Bonds May Fit In Your Portfolio We’re going to take a peek at how bonds could fit into your portfolio and why you would want to buy them. 1. Your portfolio lost over 30% in 2008. You are approaching retirement and you don’t have the earnings power to make up huge losses ...
Views: 604 - How Bonds Work - by Submitted on May 26, 2011 from Justin Krane9 Key Points to Better Understand Bonds Out of all of the investment conversations I have with my clients, it seems that most of them don’t understand what bonds are and how they could fit into their portfolio. Do You “Get” Bonds? 1. A bond is debt. When you buy a bond, you lend your ...
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