Order of Withdrawals
You’ve been disciplined by saving and heeding advice to diversify between taxable accounts (banking and investment), tax-deferred accounts (401k, IRA, etc.), and non-taxable accounts (Roth, HSA, etc.) Now it’s time for retirement and the question arises: in what order should I use them? We will use two principles to order withdrawals: 1) Assets that appreciate […]
READ MORERelevance of the Social Security Pension
When most Latin Americans think of the social security systems we experienced in our countries, we usually think of low pensions and poor customer service. The Social Security system of the United States is often categorized along the same lines and, therefore, some people do not take it into account as a fundamental pillar in […]
READ MOREWho needs advice?
The main – but not the only – reason someone might need financial, or investment advice is a lack of sufficient knowledge. Although a core curriculum is beginning to form part of secondary education, personal finance management has remained absent from the curriculum of most university majors. In view of the above, self-study is the […]
READ MOREWhat is the difference between financial and investment advice?
This question is common and is due, not least, to the fact that many investment advisors, and even stockbrokers, call themselves financial advisors. When we refer to financial advice, we are thinking of helping individuals to make decisions in any aspect of the finances of people or businesses, that is, financial advice has a wider […]
READ MOREWhere should financial advice start?
Starting at the end, I would like to conclude that financial advice reflects, above all, a conscious and sustained decision to pay attention to personal finances. In other words, the willingness to obtain financial advice implies recognition and a commitment to do things better and to give the importance that management of personal finances deserves. […]
READ MOREWhat is a fiduciary?
As a registered Investment Advisor Representative of Portfolio Resources Advisor Group, Inc., I am bound to the Investment Advisers Act of 1940 and its interpretations, as well as to the company’s code of ethics and compliance procedures. In addition, as a CFA charter holder and a CFP® professional, I must follow the codes of ethics […]
READ MOREPlanning for migrants
Before we start delving into products, strategies, or what is going on in the markets, it seems prudent to explain why I do what I do. Migrating is hard, there is no need to describe it because those who have done it know it. Priorities change and boil down to being grateful, adapting, and seeking […]
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