Rick Brooks
Rick Brooks's Latest Posts
Disciplined Investing in Volatile Markets
The past few weeks have been a wild ride, to be sure. With financial markets selling off and government efforts to contain the coronavirus outbreak starting to crimp both economic and personal activity, it’s very reasonable to be concerned about what will happen in the coming months. Frankly, there are about as many theories as […]
Paying for College
A college education gives your child a significant advantage in today’s job market, generally delivering higher earnings throughout their entire working life. Over the years, Congress has introduced many different incentives to help families afford the cost. Here are several of the key incentives and how they can help with you with the rising cost […]
What Happens If I Don’t Have A Will?
I occasionally hear this question, and the answer is somewhat surprising to those who ask me: even if you do not create a Last Will and Testament, you still have one. It was written by your state legislature. A will is basically a set of instructions that tells your heirs how to wind up your […]
Have a Happier New Year
As a financial planner, my basic role is to help people make their lives better, whether it’s through realizing their dreams or simply organizing their finances. In more than 20 years of working with clients, I’ve found that the most impactful conversations are often not about money. They are about life, health and relationships. With […]
Charitable Gifting Today
The Tax Cuts and Jobs Act of 2017 eliminated or capped a lot of itemized deductions for most taxpayers. While deductions for charitable gifts were preserved, raising the standard deduction meant that many taxpayers lost the benefit of all but the largest donations. Here are some strategies that you can use to squeeze out the […]
I’ve Been Hacked! Now What?
These words bring a certain level of dread to most people who hear (or think them). But what can you really do if you’ve been hacked? First, it’s going to depend on just what information has been compromised and where the hack occurred. I got a call from AppleCare (or Dell or Microsoft) saying… No […]
The “R” Word: Recession
It’s been more than ten years since the end of the last recession, which is one of the reasons people have been talking about it lately. Historically, recessions come along every five to seven years, and so by that measure, we’re overdue for one. On the other hand, forecasts of when the next recession will […]
Interest Rates are Very, Very Low
Over the past few weeks, stock market volatility has risen and the yield on the 10-year Treasury Note has plummeted to the lowest levels since 2016. Roughly one quarter of all bonds outstanding trade at negative yields, mostly outside the U.S. With long-term interest rates lower than short-term rates in the U.S., let’s review some […]
Should I Buy or Lease My Next Car?
For some people, the decision whether to buy or lease a car is simply a matter of preference. But which is the better financial decision? To answer this, you must evaluate long-term cash flows and winnow out the (often hidden) costs. This can be difficult to do, especially when the salesman is tapping his finger […]
Turning Savings Into Income
One of the most common questions we hear from people preparing for retirement is, “How do I access my savings now that I won’t be working anymore?” It requires a bit of a shift in thinking, especially for those who’ve diligently saved funds into retirement and savings accounts. What you need is called a “Withdrawal […]