Posts by Fern Alix LaRocca CFP® EA
You Need To Lose Money To Make Profits
Do you remember your first investment loss? What did it feel like? It was a long time ago and I know so much now but I don’t think I will ever forget the first time I lost money. I wanted to invest some money I had saved up but knew nothing about investments. A friend…
Read MoreGet Income for Life Without a Job
As we all get older and experience the ups and downs of the economy, we worry about job safety. In this fast paced world, the age of the 30 year career and gold watch and pension has gone out the window. What will the future look like? If we are dependent on social security alone,…
Read MoreWhen Good Habitual Patterns Keep Your Poor
I attended a Enrolled Agent’s conference recently and there was a good discussion of the various ways people charge fees. Now EAs like other small business owners consistently undercharge for their services. I liken this to other habitual patterns that we do thinking that it makes our life easier. It may make it easier to…
Read MoreRefi Hell- I almost got taken!
Like most people, I have refinanced my mortgage to get a lower rate. My previous lender was Schwab Bank and my new mortgage is with Quicken Loans. Since then, I have been flooded with information enticing me to refinance again and at an even lower rate. It is obvious to me when I read this…
Read MoreThe 20% Return You Won’t Get
A friend called me up to chat. He has had a great career and just completed a CEO post. He had just gotten a check from a company he worked for over 20 years. It was his retirement plan so I knew it had to be close to a 7 figure check. What he said…
Read MorePutting Your Money Where It Matters- Mindfully
I want to change the way you think about money! It’s hard to find the real truth in financial information today and even harder to know whom to trust. That is about to change. Among the key findings in the CFP Board (Consumer Federation of America Household Financial Planning) survey are that people today are…
Read MoreTax Harvesting-Taking Losses against Gains for 0 Tax
Tax-loss harvesting, or selling investments such as stocks, bonds, and mutual funds that have lost value, can reduce the tax liability on capital gains realized from winning investments. You want to do this every year to keep your asset allocation in the same target that you want. For instance, if you target 65% in stock…
Read MoreMassive 401(k) Losses?- Not Really
A client asked me to look over his 401(k) portfolio. He was quite disturbed over the losses in his account. He agreed to pay me my hourly rate for one hour just to look it over and give him my thoughts on the matter. I agreed since it was a small amount of money with…
Read MoreBuild Wealth with Your Personal Evacuation Box
One best action step you can take to build wealth is to keep good records. I just experienced a small earthquake near my home and it made me think about if I was prepared for a disaster. Of course, I have all of my insurance in place- health, property,life and disability. But there are many…
Read MoreDoes this Wealth Program Really Work?
I received this reader question recently and wanted to respond publicly: “I would like to no more about this programs and does it really works? I have made a few investments on the stock exchange through information that i got from Penny Stocks newsletters but was unsuccessful. I want more wealth but dont no how…
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