Where Are All the Jobs Going?
Almost daily, it seems like there is another
news item indicating that service jobs in the United States are
being outsourced to other parts of the world. When manufacturing
jobs were lost to overseas markets, it was painful for those who
lost their jobs, but seen as positive overall for the economy.
The end result was lower prices for consumers, a more efficient
economy, and a higher overall standard of living.
[FULL ARTICLE]
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How Much Will Social Security Replace?
When determining how much income you'll
need after retirement, it is typically expressed as a percentage
of your preretirement income. Thus, if you earn $75,000 per year
and estimate you'll need $70,000 after retirement, you need 93%
of your preretirement income. Rules of thumb estimating how much
is needed range from 70% to over 100% of preretirement income.
Since the amount needed is dependent on your lifestyle after retirement,
you should thoroughly analyze your situation to decide how much
you'll need.
[FULL ARTICLE]
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Reviewing Your Portfolio’s Performance
At least annually, you should review your
portfolio's performance, comparing it to relevant benchmarks and
determining whether you are making progress toward accomplishing
your financial goals. Consider these steps in the process.
[FULL ARTICLE]
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Helping Your Parents with Their Finances
Discussing financial matters with your parents
can be difficult. You don't want to seem concerned about how much
money they may eventually leave you, while they may fear you are
interfering in their lives. Yet, without discussing these matters
beforehand, you may have trouble finding all their financial records
or determining their wishes if you need to take over their finances.
[FULL ARTICLE]
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Do You Really Need an Estate Plan?
Of all the reasons people find for not planning
their estates, perhaps the most convincing is that their estate
will not be subject to estate taxes. In 2006, your taxable estate
must exceed $2,000,000 before being subject to estate taxes. However,
an estate plan can provide numerous benefits in addition to reducing
estate taxes.
[FULL ARTICLE]
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David K. Sebastian, CFP®, and his team of experts at The Physicians Wealth Management Group specialize in working with individual physicians and group medical practices. David is considered to be one of the top financial advisors in the country with more than twenty five years of Wall Street experience as a chief investment officer, portfolio manager, institutional bond trader, and estate planning, benefits planning and retirement consultant.
Commitment to his clients’ financial needs and well being is a primary motivation for David.
The Physicians Wealth Management Group was specifically created to address and manage all of the unique financial challenges that doctors are facing both individually and through their group medical practices.
Feel free to contact me at
www.physicianswealth.com or
dsebastian@sfr1.com
or call me at (973) 285-3600
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