The Cautious Investor

The trusted Advisors of our Warren Office contribute a monthly article, The Cautious Investor, to The Youngstown Business Journal.

The Least Fun Way to Maximize Holiday Gifts

January 1, 2017 | 0 Comments

My spouse is the first one to remind me why finance and accounting professionals, of which I’ve been both, take the fun out of everything.  Whether it’s keeping the books in balance or households and divisions under budget, we’ve been known to tend to say no to some of the fun decisions that our peers…

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Simple Definition of Fiduciary

December 1, 2016 | 0 Comments

A fiduciary is obligated to give you advice that is in your best interest. Yeah….I know…..who wants advice that is not in their best interest? Sometimes in our lives we don’t want what’s in our best interest, but when you walk into the office of a Certified Financial Planner® you should not expect anything less…

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Your Financial Life Owner’s Manual: Ongoing Maintenance

October 20, 2016 | 0 Comments

The book that sits in the glovebox of your car has the obligatory ‘Ongoing Maintenance’ section, highlighting how often you should be changing your oil, flushing your transmission fluid and a slew of other tune-up services.  However, no one probably gave you an ongoing maintenance guide to your financial life once your account balances started…

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Don’t Confuse Effort with Results

October 1, 2016 | 0 Comments

It may be possible to do more damage to your financial future as a tinkering and impatient investor than by staying the course. The temptation to make tweaks to investments and move money around, especially when markets are particularly volatile, may be hard to resist. In our experience, periods of volatility are exactly when being…

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What You Know May Hurt You: Investment Biases

September 1, 2016 | 0 Comments

We all bring our own biases from our life experiences to any decision, whether it’s our health, jobs, politics or our money. If your money biases are in the driver’s seat, they may have adverse effects on our wealth in the long run. Here are some examples of common biases: In our experience, individual stock…

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Childcare Expenses: Budgeting for Today’s Family Unit

August 1, 2016 | 0 Comments

Many studies have been published recently about the evolving structure of today’s American family.  Among the most interesting developments, we continue to see an increasing proportion of dual-income and single parent families*.  Though some studies attempt to address the psychological aspects of these family structures, a stark reality facing families today are the financial implications. …

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Long-term Investing: The Destination is Better than the Journey

July 1, 2016 | 0 Comments

English Economist John Maynard Keynes famously compared financial markets to a strange sort of beauty pageant run by London newspapers in his time. The papers published an array of photos, and readers could enter a contest in which the winner was the reader who guessed which faces would be chosen by the most other participants.…

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Knowing Your Investment Risk is as Crucial as Knowing Your Return

June 1, 2016 | 0 Comments

Many retirees rely on their investments to generate part of the income that funds their lifestyle. Like Social Security, this portfolio income must be sustainable throughout their retirement and gradually increase over time to offset inflation. This is true even though most retirees usually have some flexibility in their yearly wants and needs and retirement…

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Saving for Education without Neglecting Retirement

May 1, 2016 | 0 Comments

Increasing education costs have led to young adults and their parents accumulating significant amounts of debt. According to the National Center for Education Statistics, it costs about $100,000 to attend a four-year public university, and nearly $200,000 for a private four-year school.* Even for new parents with the benefits of a longer time horizon, the…

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Idea for that Last Minute Tax Deduction

April 1, 2016 | 0 Comments

One frequently overlooked tax benefit is the “spousal IRA.” Generally, IRA contributions are only allowed for taxpayers who have compensation (the term “compensation” includes: wages, tips, bonuses, professional fees, commissions, alimony received, and net income from self-employment). Spousal IRAs are the exception to that rule and allow a non-working or low-earning spouse to contribute to…

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