In honor of Warren Buffett’s retirement announcement, here are ten of his most enduring pieces of advice for long-term investors, drawn from decades of shareholder letters, interviews, and speeches. These reflect his core investing philosophy focused on discipline, patience, and value. “Investing is simple, but not easy.” The formula for successful investing is simple. Executing […]
The Challenge of Starting the Conversation Discussing aging and finances with your children can feel intimidating. Opening up about your health and financial situation often feels like exposing your private life to scrutiny. Many parents are naturally reluctant to share these sensitive details, as doing so can trigger feelings of vulnerability and loss of independence. […]
Retirement marks a significant life transition, where the rhythm of work gives way to the pursuit of leisure and fulfillment. However, this transition requires careful planning, especially when it comes to ensuring a steady stream of income to sustain your desired lifestyle throughout your next phase of life. Understanding the various income sources available and […]
The growing interest in electric and hybrid vehicles is fueled by a combination of environmental concerns and financial incentives. To the prospective buyers, understanding the incentives that are available for them can greatly influence their decision. It is recommended that action should be taken promptly since incentive programs as well as regulations are subject to […]
Back in the early 1980s, when I was in grade school, my best friend’s way-too-cool older brother introduced me to the by Canadian progressive rock band Rush. I’d never hear anything like it. Not only was it incredible that just three guys could make music like that, but their lyrics had such deep meaning. Take […]
RTD works with many mid-life couples who are driven, family- and career-oriented people who want to focus on their finances but just don’t have enough hours in the day. We can help get a coordinated and cohesive plan into place to keep you on track for your goals. RTD can serve as your trusted advocate […]
As you transition from your working years into retirement, your financial focus shifts from accumulation to decumulation – the process of drawing down your retirement savings to cover living expenses. For us, guiding clients through this phase requires a delicate balance of maximizing income while ensuring longevity of assets. This pivotal stage demands careful planning […]
Investing and speculating are two distinct approaches to engaging in financial markets. They are differentiated primarily by their objectives, time horizons, and risk profiles. Investing is the process of allocating capital to assets such as stocks and bonds with the expectation of generating returns over the long term. This approach typically involves thorough analysis, diversification, […]
When my father passed away, I purchased a long-term care (LTC) insurance policy for my mother, then age 74. After being a snowbird for many years going back and forth between Pennsylvania and Florida, she permanently relocated to Florida at age 87. Not for long. Many of her friends died, and mom was too lonely. […]
Divorce is a life-altering event that brings about significant changes, not only emotionally but also financially. As you embark on this new chapter of your life, it’s crucial to approach your finances with care and consideration. In this blog post, we’ll explore essential financial do’s and don’ts to help you navigate the complexities of divorce […]