Recently, we met with a client who was involved in a buyout of his company. It was a pretty exciting time for the client’s life; he went from having a little bit of savings to having life-changing wealth. As the client’s financial planner, our job was to help the client organize his new-found wealth. We…
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Should you purchase extra insurance through your job? It’s a question many employed folks must answer as they navigate through any number of employer benefits. While receiving health insurance for free is a no-brainer, there is a trickier question: Does it make sense to buy disability insurance, term life insurance or any other benefit through…
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If you’re nearing retirement and are worrying about having enough money, there’s a huge mistake you should know about. This big mistake is taking Social Security benefits as soon as possible. Instead of signing up to receive Social Security retirement benefits at age 62, wait until you’re 70 (if you can afford it.) Why should…
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At Define Financial, we are big fans of tracking your spending. But it’s not because we’re nerds who love spreadsheets. (Although, that is true of your humble author.) We’re big fans of tracking your spending because we think that tracking your spending can have a profound effect on your life. When you track your spending,…
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If you’re reading this, it’s safe to say that you’re still kicking and breathing. But, that won’t last forever. To quote social media guru Gary Vaynerchuk: You’re gonna die. As financial planners, we think that you should plan for this occasion: dying. As heartless as that may sound, consider that it’s the opposite. Planning for your…
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Do you need disability insurance if you’re nearing retirement age? Like most financial planning questions, there is no single answer for every situation. Whether or not you need disability insurance near retirement depends on a few different factors, including: how much money you plan to save over the rest of your working career, the size…
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Who are the best San Diego financial advisors? Glad you asked! In today’s post, I want to highlight a few that I have come to respect and admire. “You. Have. Lost. Your. Mind.” -Taylor’s wife First, pocket these free resources: 35 Critical Questions to Ask a Financial Advisor [Download the PDF] The 10 Biggest Mistakes to…
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Recently, we were working with a client entering retirement. We were helping with her long-term financial plan and she had big (read: expensive) plans. For her golden years, she dreamed of a six-figure remodel on her current home — or maybe even purchasing another, larger property. The good news is that she can afford it. The…
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