Business Columnists

7702-IG stacks up well to the standard 401(k) retirement plan

My son was recently hired into his first real job, with everything a real job has. It has a payroll, health plan, and a 401(k), in which he was automatically enrolled. So starts his journey. For the next 45 years or so, he will go to work, pay his bills and taxes and fund his 401(k), which his ...

‘If you follow the herd, you will be slaughtered’

There is a lot of talk these days about human behavior and investing. This has been an area of interest of mine for a while. While admitting I have no special skills or knowledge, other than that which I have picked up through the past 15 years of dealing with people day in and day out, I find ...

Main Street Money: The path less taken

The retirement crisis is real, and I’m concerned about our future. I believe everything we’ve been told about saving money is wrong. I didn’t always, however, even though I am old enough to have remembered the truth, I, too, bought into the myth. I came to financial services rather late ...

Main Street Money: Husbands, consider your wives when planning retirement

I recently did a retirement planning workshop for women. It’s been on my mind for quite a while, ever since I’ve seen the messes men have put their wives in because of bad planning. One such is a good client of mine, call her Alice, whose now deceased husband, Ted, elected a single-life ...

Main Street Money: The looming ‘care-tastrophy’

There are a lot of things that can literally eat your lunch when it comes to retirement. Inflation, taxes, market risk, outliving your money, making poor decisions – all of these can be retirement killers. Further, they are all exacerbated by longevity. The longer you live, the more each can ...

Companies can protect their competitive edge from former employees

New Hampshire employees have a duty of loyalty while they are employed by the company which generally, even absent an agreement, prevents an employee from working for a competitor or funneling potential company business to the employee’s own side business. New Hampshire also has a statute ...

Main Street Money: Input vs. Income

When you think about your money, what do you think about? Do you think about your investments? Do you dwell on asset classes and allocations? Do you think about all the money you’ve made in the market, and all the money you still plan to make? Do you think about risk classes and sectors? ...

Main Street Money: The money cycle

Despite what many people think, income and money are not the same thing. Money is the currency, while income is the source. A nest egg is finite; once it’s gone, the money stops. Income, on the other hand, should be renewable and last a lifetime, even if the nest egg runs out. Think about ...

Main Street Money: Oh, the webs we weave…

It’s perhaps more than coincidental that as I sat down to write this column, I received and email about a “neat trick to generate 4.75 percent income.” It involves a convoluted plan having to do with a mixture of dividends and stock buybacks. As a registered investment adviser, I found it ...

Commissions may be due a former employee

Under New Hampshire law, commissions are part of the wages due a former employee. The New Hampshire Supreme Court in the case of Bryan K. Galloway v. Chicago-Soft, Ltd. has stated that a person employed on a commission basis to solicit sales orders is entitled to her commission when the order ...

Money Matters: For love of the game

On Monday, my office was closed for MLK day, so I was vegging out, watching the commentators and critics on ESPN explaining why the wrong two teams are going to Super Bowl LIII. In the case of the Rams, the controversy is all about the missed pass interference call in the last couple of minutes ...

Firing an employee over a compensation dispute may be costly

Under New Hampshire law, most employees are employees at will and means that they can quit or be fired with or without notice or cause. Even if the employee has an employment agreement which sets forth their compensation and perhaps other obligations related to confidentiality and ...

Money Matters: Market is overvalued

Right now, as I write this, the Dow Jones industrial average is up 25 bps (basis points: one quarter of a percent or .25 percent) on the day. The prior day, it was all over the place, closing up 43 bps (.43 percent). During the past week, it’s declined by nearly 4 percent, and it’s off 3 ...

The principle of preservation over accumulation

Perhaps the main key to successful retirement income planning is the principle of preservation over accumulation. Understanding this key point can reorient you in a way that may guarantee success in retirement. To fully grasp this, one must begin by understanding the threats to any ...

Main Street money: What’s in a name? Three basics to retirement income

About a year ago, Stanford University released a study about retirement planning in a defined contribution world. It concluded there were three basic threats to retirement. They are: 1. Inadequate savings. Various studies show that roughly half of all older American workers (age 55-plus) ...

Money Matters: Is your retirement a Jenga tower?

The market bounces back after suffering its worst 4th quarter open since 2008. No one seems to agree on what’s next. Last time, we were talking about why we believe 401(k)s and other tax-qualified (tax-deferred) plans are not the best way to save for retirement. At the heart of this opinion ...

My email from Tom, Part 1

I recently received the following in an email from a man named Tom. “Normally I wouldn’t take the time to write this, but I find your ad and corresponding ‘The Great 401k Rip Off’ website a totally irresponsible attempt to stir up fear and confusion around financial planning. I am ...

What you say outside of work could cost you your job

Recently, there has been news coverage regarding whether certain Bedford School guidance counselors should keep their jobs after they wrote letters of support for a former Exeter High School guidance counselor, Kristie Torbick. Ms. Torbick pled guilty to sexually assaulting a 14-year old ...

It’s your future, so what are you waiting for?

What are you waiting for? This is the question going through my mind as I watch the Federal Emergency Management Agency (FEMA) director, the president, and the local governors begging people to leave the areas most apt to be hit by Florence. Winds of 110 mph. Nearly four feet of rain. Floods. ...