What is Monte Carlo Analysis?(and why it is important to you)

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If there’s one question on every investor’s mind, it goes something like this: “How am I doing so far?” This universal query is especially relevant when you’re making plans to retire or pursuing other substantial financial goals.

Since we cannot accurately predict the future, Monte Carlo simulation allows for risk analysis and decision making using a mathematical computer model applying quantitative analysis theory. Monte Carlo Analysis allows you to see alternate possible outcomes and measure the impact ...

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Six Financial Best Practices for 2019

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So, are you ready to get a jump on 2019? Around this time last year, we shared a list of Seven Financial Best Practices to Jump-Start Your New Year. Our reach-out went so well, we thought we’d make it an annual tradition. Here are six more financial best practices for the year ahead. Pick a few of them or take on the entire list. Either way, you’ll be that much further ahead by the time 2020 ...

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Seven Financial Best Practices to Jump-Start Your New Year

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Happy New Year! Now that 2017 is a wrap, one of the best presents you can bestow on yourself and your loved ones is the gift of proper preparation for the new year. Want to get a jump-start on it? Here are 7 financial best practices to energize your wealth management efforts.

  1. Save today for a better retirement tomorrow. Are you maxing out pre-tax contributions to your company retirement plan? Taking full advantage of your and your spouse’s ...
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Personal Document Locator

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This Personal Document Locator is intended as a helpful tool to record the location of valuable papers, assets and other important items. It will assist your family in locating all of your relevant documents and disposing of your estate in the manner you directed. This form is not intended to replace any legal documents.

 

You may want to consider the following items as you develop your locator:

  • People to Notify – providing names and addresses of your family, advisors ...
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Are You Receiving Good Financial Advice?

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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 of conflict of interest, not fiduciary nor of any long term value.

So, what is “good ...

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Is Yellen Moving on Up

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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 opportunities to ease into rate increases, and they ...

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Family Fire Side Discussions

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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 Wealth Planning

Carving out time to hold candid conversations is where it all begins ….

Foremost, family wealth planning discussions are where ...

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5 Smart Year-End Tax Strategies

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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 advisors are all playing with the same tax efficient ...

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Financial TIPs on Shredding

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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 consider when deciding to retain or discard ...

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

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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 installment, we’ll wrap up our discussion about fiduciary duty and offer additional qualities worth seeking in your current or ...

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