Investable Collectables?

Key Takeaways

  • Collectable items are different from investable assets; collectables are just items whereas investable assets have an operating purpose.
  • Consider keepingyour hobby collection to under 5% of your investable assets.
  • If you decide to sell your collection, use an appraiser to ensure you know what your collection is worth in today’s market.

The decline in golf’s popularity could affect your Florida retirement

A new strategy to secure liquidly in your golf community home 

If you’re like many people who have transitioned to Florida, you may have purchased a home with a view of a beautifully manicured golf course. Why not? You love to golf and plan to hit the links as much as possible while enjoying the Sunshine State.

However as the younger Baby Boomer and Generation X begin to migrate south, they do not appreciate the game of golf as much as older generations. Many members of these generations are opting to purchase homes in communities that do not have a golf course. In addition, many luxury housing developments with a focus on golf home values have plateaued and even have begun to lose value.

Recently, I had a conversation with a client who was contemplating purchasing a home in a high-end golf community in Naples. In our discussion, I asked him

Life Insurances – 5 Key Purposes

Key Takeaways

  • Life insurance is often looked at as something of a waste since it is not mandatory, but there are five key purposes to life insurance.
  • Income replacement, debt repayment, liquidity, funding, and the most important, peace of mind, are the five key purposes to life insurance.
  • Term insurance is low cost insurance which covers you in the event of your death for a certain term; cash value insurance, acts as both insurance and as an investment.

Retirement Surprises – It’s the Little Things

Key Takeaways

  • When we plan our yearly spending, it doesn’t always work out the way we want it to because of the little things that inevitably come up throughout the year.
  • Adding 10% to your overall spending plan for the year helps mitigate the surprise expenditures.
  • Having a 10% spending buffer sets good expectations and gives you peace of mind when the little things come up.