Buffett will be accompanied by Greg Abel, vice-chairman of the non-insurance operations, and a very limited audience. Because of social distancing measures in place to contain the spread of the coronavirus, shareholders will not be allowed to attend in person. Got questions for Andy? Submit them in the comments section below. These are, after all, unprecedented times. Read more :.
Not paying yourself first.
Pick Your Station
Andy works daily to help clients plan for retirement and respond to changing financial needs as they age. For those who live away from our parents, coming home can also be a time of recognition that they are getting older and may need extra help. This year, take time to discuss aging, retirement and end-of-life affairs so that you hear directly from Mom and Dad about their specific wishes, enabling you to act on their behalf if anything happens. The longer you wait, the more difficult and expensive these talks may be. Smith discusses how retirement costs are often much higher than people anticipate and can drastically affect the quality of your retirement years:. You have to look at all of these things, together, and you have to have the right full-scale plan in place. Families often come to Smith seeking this financial advice for their aging loved ones.
THE REALITY OF RETIREMENT COSTS
Now, apart and aside from my music references, Kenny makes a decent point about more than just poker. When it comes to investing, you need to know when to lay down your cards and walk away from a bad investment. Looking at one-year numbers never tells you the whole story. They also review how funds perform compared to their peers. If you own funds with histories of consistent performance, management changes could totally be a cause for concern. If a manager leaves a fund, do your homework.
You've heard from me on the radio, now I'd like to hear from you. Want to comment on something you heard, or ask me a personal finance question? Just click the "Ask Ric" button below to email me or send me your audio question. I might even feature your question on the show! And whether you're looking for personalized advice about retirement planning, estate planning, taxes, paying for college, buying a home, or any decision in your life related to a dollar sign, we can help. Enter your zip code in the box above to find one of our financial planners near you. Help Me Find a Station. Peruse topics, download an episode, subscribe to the Itunes or Spotify podcasts, or share this page with your family and friends.