Finance – MD Update

Time for a Financial Physical?

January 1, 2019February 15, 2019 Scott Neal assumption, client, client goal, constant inflation-adjusted standard, creation of dynamic financial plan, current financial net worth, current financial profile, current net worth, current reality lead, date of the plan, dollar, dynamic financial plan, economic environment, financial checkup, financial physical, financial plan, financial profile, financial well-being, goal change, I, inflation, inflation-adjusted, inflation-adjusted standard, investment return, joyful time, key element, key element of a comprehensive plan, let 's face, let 's review, long range goal, long-term goal change, net worth, plan horizon, planner, present review, projection of net worth, reality lead, Scott Neal, update, worth

One of the most frequent questions asked by our readers is: “How often should a financial plan be updated?” While

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A Mindset Shift

December 1, 2018February 15, 2019 Scott Neal ➔, ➔ being, age individual 's perspective, age means, Arbinger, Arbinger institute talk, complex set of negative emotion, concept of usefulness, cultural perception of age, D., developmental task, disappointment of dream, elderhood, encourage way, enrich experience, experienced mature person, fear of the limitation of ill-health, fee-only, fellow Rotarian, fruitful exercise, get old, individual 's perspective, innocent state, large cultural context, mindset, Mindset shift, outward mindset, perception of usefulness, power of mindset, president of D., Scott Neal, self-focused, senescence, small act, st birthday, st birthday of a fellow Rotarian, standpoint of a large cultural context, understand identity, uniqueness of a person, usefulness, wide variety of answer

One of my key questions to new clients focuses on what retirement really means. I have heard a wide variety

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Turning a Deaf Ear to “Shoulda, Coulda, Woulda”

November 1, 2018December 28, 2018 Scott Neal approach life 's end, certainty of action, coulda, dismissiveness, elderhood, fear, fear of future regret, financial plan, future regret, inaction, intervene event, paradoxical thing, past regret, people approach retirement, regret, regretfulness, Scott Neal, sense of dismissiveness, sense of regret, shoulda, woulda

If you’re like me, you’ve likely experienced a sense of regret or disappointment at some time in your life. All

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Crisis and Cures

September 1, 2018November 9, 2018 Scott Neal available cash, can plan, circumstance, crisis, crisis mindset, cure, difficult situation, effect of a crisis, effect of crisis, emotional stress, emotional stress of a difficult situation, emotional turbulence, experience of crisis, hopelessness, imaginary crisis, intense difficulty, natural response, negative emotion, negative stress, non-anxious, non-anxious presence, outright panic, personal financial crisis, practice risk management, prolonged period of negative stress, pursue activity, Scott Neal, significant roadblock, sound financial plan, stress, stress of a crisis, stress-reducing activity, time of intense difficulty, time of personal crisis, value of a plan

What exactly constitutes a personal financial crisis? Chief among those crises we have heard about is experiencing an event that

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Three Steps to Clearing Financial Clutter

June 1, 2018September 10, 2018 Scott Neal accumulated paper statement, automatic deposit, automatic notice, bank 's bill, busyness, cascade of information, cash flow, check statement, cloud-based software solution, credit union account, declutter, designated account, digital file system, drawer full of paper, Dropbox, eliminate subscription, end of a busy day, expense side, finance app, financial clutter, financial flotsam, financial goal, financial plan, financial statement, fixed expense, income side, inexpensive desktop scanner, investment report, jetsam of bill, manage finance, manageable debt, old credit union account, paper statement, pay feature, personal finance app, privacy notice, redundant financial account, Sam, Scott Neal, smart financial choice, survival mindset

Busyness seems to be a way of life these days. There is much to do and remember as a cascade

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Rethinking HSAs and Retirement Planning

May 1, 2018July 2, 2018 Scott Neal care insurance, cobra continuation coverage, contribution, coverage, deductible, deduction, expense, family coverage, flexible spend account, HDHP, health save account basics, healthcare, healthcare expense, healthy couple, HSA, HSA account, HSAs, insurance, itemized deduction, long-term care insurance, medical expense, medical save account, Medicare, named beneficiary, qualify high deductible medical insurance plan, qualify medical expense, reach age 55, retirement, retirement account, Scott Neal, security benefit, self-only, self-only coverage, social security benefit, survive spouse 's HSA, tax-favored, tax-favored save account, tax-free, workplace-sponsored, workplace-sponsored health plan

LEXINGTON Perhaps you have seen the articles stating the rule-of-thumb that a 65-year-old healthy couple can expect to spend about

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The Game of Life

March 1, 2018May 8, 2018 Scott Neal 65-year-old, 65-year-old man, 65-year-old woman, actuarial standpoint, age point, average expected life span, average life expectancy, calculate life expectancy, calculator, care need, chance of risk, cohort, cohort life table, cohort method, continued cost, continued cost of healthcare, custom plan, D., default age, dwindle probability, expectancy, financial plan, game of life, great healthcare, happy old age, healthcare, historical standard, hospitalization, impact of longevity, life 's journey, life expectancy, life expectancy statistics, live active life, long-term care need, longevity, mortality rate, percentile, periodic life table, periodic method, plan process, population 's entire lifetime, real game, real game of life, retiree, retirement, reward, Scott Neal, security administration life expectancy calculator, social security administration life expectancy calculator, specific time period of a population, square offer reward, statistics show people, Wharton, young retiree

When you were a child, did you ever play a popular board game called The Game of Life? It simulates

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Taxes: A New Day Has Dawned, or Has It?

January 1, 2018March 23, 2018 Scott Neal $, $4, 000, 000 cap, 000 child tax credit double, 1, 10, 10% bracket remains, 15% bracket decline, 150, 150 personal exemption, 20% deduction, 25% go, 3.8% Medicare surtax, 35% hold, 39.6% slip, bracket, bracket decline, bracket remains, cherished deduction, child tax credit double, deduction, effective estate, employee business expense deduction, exemption, filer, gift tax exemption, hectic day, high exemption, investment fee, itemized deduction, law repeal rule, married filer, massive tax reform, MD-UPDATE, Medicare surtax, miscellaneous itemized deduction, new 22% bracket, new day, new law repeal rule, oft-stated goal, oft-stated goal of tax reform, postcard-size, postcard-size tax return, reader of MD-UPDATE, recharacterization, recharacterization of Roth conversion, Roth, Roth conversion, Scott Neal, simplification, single filer, tax code, tax policy center, tax preparation fee, tax rate, tax reform, traditional IRAs, version of tax reform, washington-

This past year, Halloween was barely over when House Republicans introduced their version of tax reform with the goal of

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How to Resolve 2017 and Move on

December 1, 2017March 23, 2018 Scott Neal 17.6% year-to-date, After-Action, After-Action report, assess interim progress, benefit of an After-Action report, big fan of new year 's resolution, Bitcoin, chance of corrective action, coach talk, corrective action, Dan Sullivan of strategic coach talk, disappointment, feel of dissatisfaction, good year, healthcare practice, honest look, interim progress, let 's figure, major life lesson, Michael 's new book, Michael Hyatt, mindset, mindset change, new year 's resolution, NYSE Bitcoin, NYSE Bitcoin index, opportunity principle, portfolio 's performance, resolution, S&P 500, S&P 500 total return, Scott Neal, slight inflation, so-so year, strategic coach talk, Sullivan caution, terrific year, year 's resolution, year go

What’s the first thing that pops into your mind as you look back on 2017? Was it a good year?

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College Affordability 101

October 1, 2017March 23, 2018 Scott Neal admission, admission pitch, asset, borrow money, child 's high education cost, college affordability 101, college choice decision, cost of high education, decision deadline approach, direct student loan, education fund goal, EFC, expected family contribution, expected quality, expected quality of life, expected total cost, expected total cost of education, FAFSA, FAFSA form, family 's overall long-range, family contribution, federal student aid, financial aid, financial plan, financial planner, free application, loan, parent 's asset, parent 's income, pay 1/3, planner, repayment, school 's rank, Scott Neal, significant financial decision, student 's income, student 's projected asset, student aid, student loan, task of the admission office, tax-exempt account

The college choice decision is one of the most stressful, and arguably, one of the most significant financial decisions that

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