by | | Financial Guides, Financial Independence Coach, The Blog
That’s right I said it…Fire Your Advisor! If you have one, pick up the phone right now and do a Donald Trump on him or her and let that person know “They’re Fired!” And if they ask you why, tell them Ike, The Financial Independence Coach told you to do so. That’s right I’ll take the blame for you. And you know why? It’s because I am convinced that the financial planning industry has failed you the consumer. And, since I am a part of the industry that failed you, I want to take the blame. (more…)
by | | Financial Guides, Financial Independence Coach, The Blog
I would like for you to view “retirement” as the dirty “R” Word. I know a lot of those in the financial services industry help clients plan for retirement but all of them are missing the boat. You should not be planning for retirement but instead should be planning for financial independence. (more…)
by | | Financial Guides, Financial Independence Coach, The Blog
Ever feel the weight of the world coming down on you? That’s the way anyone feels when they are buried under the rubble of what I call “bad debt.” So what is bad debt? Bad debt is any consumer debt that does nothing to increase your financial position but instead further deteriorates your financial position. (more…)
by | | Financial Guides, The Blog
Most people have three possible sources of retirement income: (1) Social Security, (2) pension payments, and (3) savings and investments. The income that will have to be provided through savings and investments (which you can plan for) can be determined only after you have estimated the income you can expect from Social Security and from any pension plans (over which you have little control). (more…)
by | | Financial Guides, Financial Independence Coach, The Blog
How To Get Started
The number of people who are financially unprepared for retirement is staggering. One study revealed that more than half of the adults in the U.S. were planning to depend solely on Social Security for retirement income. Another study indicated that the great majority of Americans do not save nearly enough money. This Financial Guide provides you with the information you need to get started on this important task. (more…)
by | | Financial Guides, Financial Independence Coach, The Blog
The “efficient frontier” concept is a key to investment success. A graph demonstrating the efficient frontier is shown below.
![]( "frontier")
Any expected return (left side of graph) carries with it an expected risk (bottom of graph). This risk-reward relationship varies from individual to individual. Conservative investors cannot tolerate more than a low level of risk, and are willing to accept a return commensurate with that level of risk. More aggressive investors are willing to tolerate higher levels of risk in the expectation of higher returns. (more…)
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