Author: Scott Neal

Finance FRONT 

Standing on the Shoulders of Giants

October 1, 2019October 28, 2019 Scott Neal American Gridlock, blind discipleship, BOMC, Book-of-the-Month-Club, co-chairman of Oaktree capital management, compel memo, Crestmont, Crestmont research, Crestmont research forecast, D., demand of the affordable Care act, dynamics of total health care expenditure, Ed Easterling, financial physics, financial plan, founder of Crestmont research, free memo, free website, H., impact of current financial decision, investor, investor 's horizon, Laurence Kotlikoff, loftiness of the stock market, market cycle, Marks 's memo, MD-UPDATE, member of the Book-of-the-Month-Club, memo, non-financial professional, Oaktree capital management, periodic newsletter, president of strategic economic decision, reader of MD-UPDATE, Scott Neal, secular stock market cycle, secular stock market insight, shoulder of giant, stock market cycle, stock market insight, strategic economic decision, thoughtful investor, total health care expenditure, website, Woody Brock, world-class economist

Were you ever a member of the Book-of-the-Month-Club? I joined BOMC back in the 80s, but I quickly decided that

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Finance 

Life’s Black Swans

September 1, 2019October 28, 2019 Scott Neal 30 year old, 32-year-old client, age-in-place, attorney, best-laid, Black swan event, chair lift, chaos, client, co-appointees, coordinator of healthcare, decisional capacity, family communication plan, family member express compete view, financial plan, financial plan standard, financial planner experience, first-floor, first-floor master suite, first-time homebuyer, health care surrogate, healthcare, healthcare power, healthful lifestyle, incapacity, incapacity hit, let 's deal, life 's black swan, life 's predictable predicament, low probability of occurrence, middle of family member express compete view, mind of a first-time homebuyer, model uncertainty, ounce of prevention, plan conversation, planner experience, pound of cure, predicament, price of a chair lift, real cause of volatility, remote risk, round-the-clock caregiver, Scott Neal, single mother of a toddler, stagger consequence, step present, swan, true value of an investment, truth of the adage, valid healthcare power, valid healthcare power of attorney, vibrant 30-something

Who, better than you, knows the truth of the adage “an ounce of prevention is worth a pound of cure?”

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Finance 

Market Volatility — 2019 Style

June 1, 2019September 4, 2019 Scott Neal all-time high, Brock, capital of the firm, earnings, excess capital, fed rate, good quarter, increase earnings, increased volatility, interest rate lead, labor, late federal reserve pronouncement, long-term wealth, market volatility, model uncertainty, monopoly, negative real return, PE, PMU, profit of a company, real cause, real cause of the volatility, real cause of volatility, recent market, remarkable growth of earnings, reporter of the financial press, reporter of the news, reserve pronouncement, round of increased volatility, S&P 500, Scott Neal, stock, true value, true value of an investment, US stock market, volatility, volatility of the recent market, Woody Brock, world-class economist

I’m concerned because I have heard too many people recently say something along the lines of “I know the US

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Finance 

Modern Financial Planning

May 1, 2019June 21, 2019 Scott Neal 15 second history, amount of insurance, calculator, consumption, consumption disruption, consumption smooth, economics, economics approach, experienced financial planner, financial plan, fund provider, good theory lead, high degree of correlation, high-cost investment, income replacement rate, income replacement rate methodology, incredible panoply, incredible panoply of variable, Kotlikoff, Laurence Kotlikoff, lifecycle model, lifecycle model of MIT 's Franco Modigliani, MIT 's Franco Modigliani, modern financial plan, nation 's lead mutual fund provider, over-insure, over-save, plan calculator, popular rule of thumb, post-retirement spend, pure guess, recommendation of the computer-generated, retirement, right target, Scott Neal, sidebar list, simple time value calculation, skilled mind, small target mistake, thorough economic study, time value calculation, under-insure, under-save, valid financial plan, websites use five, work of Yale 's Irving Fisher, Yale 's Irving Fisher

Laurence Kotlikoff, PhD, professor of economics at Boston University, has asked a very important question. Are Americans saving too much?

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Finance 

Two Financial Updates for 2019

March 1, 2019May 13, 2019 Scott Neal adjusted gross income, bond market slide, China 's central bank, DAF, deduction, donor-advised, donor-advised fund, dramatic sell-off, economic growth number, extreme bullishness, extreme panic, fed, filer, financial update, future interest rate hike, growth number, hold stock, interest rate, IRA, job act, long-term goal, market outlook, married joint filer, MSCI All-World, MSCI All-World index, new standard deduction, OR 2, QE 1, quantitative tighten, reduce reserve requirement, renewal of the bond, risk tolerance, RMD, round of quantitative ease, Scott Neal, single filer, stay power, tax update, uncertain trade talk, US bull market, US debt, year 's worth of charitable deduction

Market Update The US bull market is getting long in the tooth. We have just witnessed a V-shaped partial recovery

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Finance 

Time for a Financial Physical?

January 1, 2019March 21, 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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Finance 

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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Finance 

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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Finance 

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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Finance 

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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