David Cechanowicz | January 3, 2018
One of the cornerstone principals of financial planning is the need to adequately evaluate risks to achieving long-term goals and objectives. Often times that process is referred to as risk management. At its core, the management of “life” risks is often divided into the following: dying too soon, becoming disabled, living too long, or not having enough assets. The foundational product that has been developed to meet the risk of dying too soon is life insurance. Read more. Read More
David Cechanowicz | October 13, 2017
If you only look at the headlines these days, you might be compelled to think that the best of all plans, financial and otherwise, is to dig a really big hole and hide.
Unfortunately, good planning requires that we look to the facts and avoid the noise. It’s a truism that “bad news sells newspapers.” However, in spite of the headlines, it is important for us to be making our financial and retirement decisions with data based on facts, and not the headline of the day. Take Social Security for example. Read more. Read More
David Cechanowicz | June 26, 2017
Recently, I read an article on retirement income planning that focused on the “best” combination of investments for a couple approaching retirement. The authors proposed that three hypothetical investors set out on their retirement journey with a healthy pot of money in the cookie jar and $24,000 of annual Social Security benefits as foundational income. The analysis then proceeded to look at three different ways to invest the nest egg to allow for the most flexibility in retirement.
I am quite sure that some investors are drawn to the mechanics of portfolio management and asset allocation while others are quite content to hire professionals to manage their accounts. But let’s compare this approach to retirement income planning with three different families that are about to go on an extended vacation, car and trailer included. Read more. Read More