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FRN - US Dollar Purchasing Power

Retirement, Risk and Return

If investors could take no risk and still maintain the lifestyle in retirement, why wouldn’t all investors just invest in T-Bills?   David Booth, CEO of Dimensional Fund Advisors (DFA) That is because investors understand the risk of purchasing power. The Risk of Purchasing Power deals with the declining value that money has – or […]

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Coupon Clipping.

Spending Too Much? You’re Not Alone

There is a show on television called “Extreme Couponing” with the concept that if you clip coupons you can save an extreme amount of money.  When I say extreme, I mean almost free.  Most of the “couponers” have shelves full of food and groceries in the garage or pantry with savings amounting to thousands of […]

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Department of the Treasury Seal

5 Things to Help Detect an IRS Scam Phone Call

The phones rings and regardless of what you are doing, you are compelled to answer it. In the last few weeks, the calls have primarily been election calls which have been extremely annoying. However, it could be worse. There have been more incidents of aggressive telephone scams where the caller claims to be from the […]

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Guidance for Students (& Everyone)

In the 1970s and 80s, Borden, Inc. was a $5 billion conglomerate with headquarters in New York City. Eugene (Gene) Sullivan, a great friend to my parents and my family, served as Chairman, and Joe Saggese, was a close colleague. (Joe Saggese’s son, Ken, is a longtime close friend of Maureen and me). While Gene was Chairman of […]

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Work Hard. Live Long. Plan Right.

Retirement planning is an important process in determining how you will live your life after you stop working.  In trying to best describe in a succinct manner how best to plan for that future, we have three main principles which we address to guide you. Work hard. The premise has been instilled in us since we were […]

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Our purpose in life is to love people, not to change them

Finding Your Purpose in Life is Good for Your Health

It is sometimes difficult to think specifically about what your purpose in life is, but reminding yourself is good for your health. According to Victor Strecher, author of “On Purpose” and Professor at the University of Michigan’s School of Public Health, It is important to have a purpose, a direction, in life, and it’s particularly […]

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Wedding Day Budgets

Wedding season is almost here, with the spring and summer seasons being the most popular times to tie the knot. When people hear that we have three daughters, the joke is always  “Wow – how will you pay for three weddings?” However, with the change in times and traditions, the cost of a wedding is usually a […]

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Ancient Rome

Our Longevity and Purchasing Power

In ancient Roman times, there was an elder by the name of Cato who said:  Cessation of work is not accompanied by cessation of expenses  This applies today even more so than it did back then. Even if you were a member of the wealthy class during Roman times, the average life expectancy was age […]

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1st day of school - life cycles of children leaving the home

Reflections of Time Passed

Today is my last first day of school and like many endings, this one is a bit hard to swallow.  For the past 21 years, the first day of school has brought great joy for me as my girls headed off filled with excitement and trepidation.  The ritual of taking pictures with their fingers holding […]

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