Are You Receiving Good Financial Advice?

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advice magglass

 

We need to rethink traditional financial advice – the kind that’s been delivered by those so-called “experts” focused on issuing buy/sell recommendations, executing transactions, selling annuities and collecting their commissions. If this is the type of financial advice that you are receiving you don’t need that and you probably never did. This most often received financial advice from a broker is full ...

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Is Yellen Moving on Up

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fed reserve pic

The U.S. Federal Reserve (the Fed) has held the federal funds rate at nearly zero percent, seeking to bolster an ailing economy in the aftermath of the Great Recession since December 2008. Economists agree that the position is unusual, and highly unlikely to go on forever – drastic times called for drastic measures. Then again, they’ve been agreeing on that for seven years. Each year, the Fed has had ...

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Family Fire Side Discussions

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 Cheerful Mufti Generation Family enjoying at home.

 

Whether it’s Thanksgiving, gathering for a family reunion, a birthday celebration, or simply being there for one another during difficult times, family traditions are the backbone that strengthens our most important relationships. Tobin Investment Planning LLC would like to invite you to begin a new and important family tradition: a family discussion about wealth planning.

Family Discussion about ...

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5 Smart Year-End Tax Strategies

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year end tax strategies

If you manage tax planning through a holistic wealth management approach and look at a multi-year financial projection; it tends to uncover trends and opportunities to reduce your tax exposure. While the general rule in tax planning is to defer income and accelerate deductions, holistic planning will help you uncover additional opportunities for tax savings and enhance your overall financial plan.

TIP: Make sure your ...

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Financial TIPs on Shredding

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document shredding

On a monthly basis we are often inundated with mail regarding our personal finances. Whether its credit card statements, bank statements, investment holdings or tax records before we know it our file cabinet is filled with paperwork. A question I am often asked is: How long should we retain all these statements? When it comes to personal document retention guidelines, there are some general rules that you may want to ...

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Doing Due Diligence on Your Financial Advisor – Part III: Finding Right-Fitting Advice

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Two Men Holding an Old-Fashioned Key

 

In the previous two Financial TIPs in our series, “Doing Due Diligence on Your Financial Advisor,” we offered some ideas on how to check out an advisor’s background, and why we would suggest that the first hurdle to overcome when selecting an advisor is to ensure his or her advice is of the highest, fiduciary standard. In this final ...

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Doing Due Diligence on Your Financial Advisor – Part II: Fiduciary

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financial advisor due diligence

In the medical profession, physicians practice according to a familiar standard: “First do no harm.” There should be a similar level of commitment for anyone who wants to advise you about your financial well-being, right? Unfortunately, wrong. Financial advice is subject to a double legal standard: “fiduciary” versus “suitable” advice. Worse, it’s up to you to spot the differences between them, and to heed the quality of the ...

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Doing the Due Diligence on Your Financial Advisor – Part 1: How do You Know?

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advisor due diligence

It’s time to address a challenging subject: In selecting or retaining a financial advisor, how do you know if you’re making a wise choice?
It’s a challenging subject for us and one that we take very seriously as we develop and expand on our firm’s own best practices. We believe it is even more challenging for investors. First, the stakes are ...

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Financial Check-up

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 Financial Check-up - Tobin Investment Planning

I am turning 50 this year and my doctor informed me it was time for that checkup…

What if I asked the question: Have you had a financial check-up lately? How many individuals would even know what I am talking about, or how to begin?

Your financial check-up should include the following 5 questions:

  1. Have you prepared {updated} a financial plan
  2. Do you know your risk tolerance ...
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