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from Lonier Financial Advisory LLC, Osprey, FL

All posts by Michael Lonier

Not-Diversification—Two is Better than One, Right?

ANTONIO Believe me, no: I thank my fortune for it, My ventures are not in one bottom trusted, Nor to one place; nor is my whole estate Upon the fortune of this present year: Therefore, my merchandise makes me not sad. SALARINO Why, then you are in love. –Act I, Scene I Venice. A street, […]

Some Caution About Retirement Income and English Gentlemen

“A mere madness, to live like a wretch, and die rich.” —Robert Burton, The Anatomy of Melancholy, 1621 My mother used to say that a gentleman lived on the interest from his principal. That didn’t apply to our circumstances, not by a long shot (substitute “sweat of brow” and you’re closer to fact). I suspect […]

Finding the Upside on Your Household Balance Sheet

Inescapably the time comes to consider that spending from savings is different from saving from income. You survey your savings and investments, scattered across a number of accounts, and the question arises, how best to manage this money to get the best lifetime outcome for the household when you are no longer earning a high […]

How Personal is Your Robo-Advisor?

I just returned from the RIIA (Retirement Income Industry Association) Fall Conference in Charlotte where I gave a presentation on emerging robo-advisors and financial planning. For most of you, sitting through a conference listening to talks about retirement income probably ranks somewhere between enduring a visit to the dentist and enduring a visit from a […]

Milepost 65 on Thunder Road

So you’re scared and you’re thinking That maybe we ain’t that young anymore Show a little faith there’s magic in the night You ain’t a beauty but hey you’re alright Oh and that’s alright with me A big milestone on Thunder Road flashed by last week when Bruce Frederick Joseph Springsteen turned 65. Sixty-five used […]

I-Bonding Your Future

Building After-Tax Floor and Upside into Your Savings Plan Let’s assume you’re already contributing to your company sponsored plan—if not maxing it out, then saving at least 10% of your salary in a combination of your own plus any employer contributions. If you’re not, then set this up now. At the very least cover any […]

Getting your Financial Horse and Cart in the Right Order!

There are well over 600,000 financial advisors of various flavors competing for your personal investing business—registered reps, investment advisors, dual registered, hybrids, and insurance agents, each with a different angle and way to be paid. Regardless and not surprisingly, most are focused on investing, investment strategies, and getting you into the investment products they sell. […]

Your Household Balance Sheet as the Basis of Your Financial Plan

There are well over 600,000 financial advisors of various flavors competing for your personal investing business—registered reps, investment advisors, dual registered, and insurance agents, each with a different angle and way to be paid. Regardless and not surprisingly, most are focused on investing, investment strategies, and getting you into investment products. As a consequence, most […]

Goals-based Planning and Using the Market

Few of us have a very complete understanding of what investing is. We may think about it as being smart or lucky enough to pick the right stocks (“winners”) so that our money grows and grows. We may follow our gut or some guru (the wackier the better, apparently), looking for maximum return or yield. […]

Driving That Tractor and The Law of Small Numbers

Climbing off my venerable old John Deere lawn tractor, I happened to notice the little LCD by the steering wheel with the numbers. Bleary-eyed from hay fever, I looked a little closer and saw “403.” That would be hours, or, about 16-3/4 days. Two weeks and a long weekend, sitting on that tractor. Not all […]