Michael Velazquez

The 4% Rule

by Michael Velazquez

Every now and then, there are ideas and so-called rules of thumb about retirement planning that creep their way into the mainstream consciousness and then back into oblivion. Sometimes, however, they linger no matter how inaccurate they might be, like undesirable guests at a party who outlast their welcome. This is exactly my opinion about the 4% rule.

Succeeding at Succession

by Michael Velazquez

“Planning is bringing the future into the present so that you can do something about it now.”  It is the foundation for success. This applies to the succession of your business or your family or loved ones’ businesses.

 We have seen many businesses go through this, some by design, and others by default. I promise not to preach but here are a few simple ideas to keep in mind. They may come in handy to keep things in perspective.

Social (in) Security

by Michael Velazquez

The title is attempting to poke a little fun and bring some attention to this very misunderstood topic. First, we need to debunk some myths and redirect some flawed thinking.

Myth #1: Social Security will probably not be there for me.

How Long Will the Money Last

 

c0e041fc-3e08-5a20-8871-0dfbbd4fd1df_1000.jpg

 

by Michael Velazquez

 

“There are times when you run a marathon and you wonder, why am I doing this? But you take a drink of water and around the next bend, you get your wind back, remember the finish line, and keep going.”

An incredibly fit, silver haired couple with perfect teeth is walking along the beach in their short shorts, with a beautiful Golden Retriever alongside. The couple appears to not have a care in the world, and their whole universe is in balance. This hopeful association is what some TV ads want us to project ourselves into, to feel like one of these characters. They hope we conclude that we need their product or service to be happy, just like the subjects are in their retirement commercial.

Real Estate as an Asset Class

by Michael Velazquez

Ideally, your financial plan includes real estate, which offers the kind of attributes that will often take the pressure off the rest of your portfolio to perform. Having the right allocation of real estate in your portfolio provides enhanced diversification and non-correlation, (assets behaving in different ways, not related to the general markets at large) not to mention certain tax advantages, cash flow, and equity appreciation. Of course, there is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Physical Fitness & Financial Planning

 

by Michael Velazquez

A couple of years ago, as I was coming off the typical Holiday binge-eating period, I decided to do something about it besides the all-too-common New Years resolutions, which usually die on the road to February. This time was different. I decided to get some help. I hired a personal fitness trainer. I was amazed at the similarities of what he does with his clients and what I do with my clients.

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?

Inflation: How it Impacts Your Financial Future

“Inflation is taxation without representation.”
Milton Friedman

Inflation: How it Impacts Your Financial Future

By Michael Velazquez

For about the last dozen years, inflation has remained flat or stable. This period includes a near financial meltdown circa 2007-2009. For years thereafter, The Federal Reserve injected lots of liquidity to the markets, a process known as “quantitative easing”, with the goal of propping up the economy. These measures appear to have worked since the economy seems to have gotten stronger. This may be the time to worry about inflation.

Syndicate content