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Estate Planning for the Rest of Us

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

I’ve had the pleasure of teaching many retirement and tax classes at colleges and universities. In the classes, we sought to deepen our understanding of how our tax system works as it pertains to investments and income sources, as well as consider some strategies available to a retiree to pay only their fair share of taxes during retirement. While the …

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Four Paths to Enhancing Wealth

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

Imagine for a moment that you’re tasked with instructing others how to select a wardrobe. Given the regularity of the seasons, you could do pretty well suggesting a mix of warm clothes for winter and cool clothes for summer. However, naming the exact day when a 70-degree day interrupts the 40-degree days of early spring would prove to be much …

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The Funny Thing About Diversifying

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

Diversification is a time-tested way for investors to manage the inherent risks of investing by owning lots of different kinds of assets. Diversification, by its nature,  always gives us something to celebrate and also apologize for. And while the process of diversification can take many forms, it often looks like this example: owning 60% of a portfolio in stocks and …

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Is True Financial Independence Even Possible?

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

‘Financial Independence’ is a wonderful goal, a beautiful aspiration, a worthy pursuit. But it’s impossible. If true financial independence is the point at which we have enough money to be free from needing to serve or be served by other people, then we’ve missed the point entirely. If we look at a pile of wealth – money, property, possessions – …

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Heading Toward the Financial Finish Line

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

The Boston Marathon is an event where otherwise normal people travel great distances, at great expense, to punish themselves physically, mentally, and emotionally for 26.2 uninterrupted miles, sometimes in the rain. The very nature of a marathon race really does beg the question, “Why?” In fact, I asked a marathon runner this question years ago, “Why would you choose to …

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“So, are we doing better or worse than your other clients?”

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

This question came up recently, and it comes up often. Don’t you secretly want to know if you’ve saved more than your friends or if your income is higher? It’s easy to tell if your house is bigger or if your car is more expensive. But when it comes to retirement planning, we’d all like to know how well we’re …

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Can You See the Storm Coming?

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

Imagine for a moment that you’re tasked with instructing others how to select a wardrobe. Given the regularity of the seasons, you could do pretty well suggesting a mix of warm clothes for winter and cool clothes for summer. However, naming the exact day when a 70-degree day interrupts the 40-degree days of early spring would prove to be much …