Itineris Financial Advisors

08/18/2022

Some of you probably know that I spent the first 26 years of my professional life pursuing entrepreneurial opportunities in the enterprise software industry. I had a great run in that field, working with many talented colleagues, helping prominent US enterprises successfully pursue their technology and business needs, and making significant contributions to helping innovative software companies in their emergence as market leaders.

But as I moved into my 40s, my interests and goals changed, and I ultimately decided to pursue to what turned out to be my next great career passion: the wealth management profession! I took the plunge in early 2007 and am so honored to have had the opportunity to serve many great clients as I have built my practice over the years. Recently, Advisor Magazine profiled my journey into the wealth management field, the type of clients I serve, and my philosophy and approach.

I hope this article inspires anyone in career transition to pursue new paths that speak to their passions! It has been a great journey and I look forward to many fulfilling years to come.

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There are more than 31 million entrepreneurs in the United States, according to research by the Massachusetts-based Babson College team of the Global Entre...

08/10/2022

Recent months have given us a consistent flow of media reports that a recession is underway or that we are likely to see an economic downturn in the near future. It is natural to be concerned about these possibilities, especially if you are a mid-life professional in the middle of career change or are planning on soon leaving the world of work.

The conditions of high inflation, rising interest rates and declining stock and bond prices seem to be creating a moment of maximum pessimism! But these summer months make me think that the negativity is drowning out other facts we should consider in our decision-making. It is important to maintain perspective and evaluate all of the available information before taking action. Here are my thoughts about both sides of the current recession debate.

It is not easy to be an investor or an economist these days! The stock and the bond markets have mightily struggled during the first six months of 2022. Almost all of us feel the impact of high inflation when we go the grocery store, buy gas for our cars, or do just about anything. To

08/04/2022

2022 has certainly been a challenge! High inflation, raising interest rates, and declining prices in both the equity and fixed income markets have been painful for investors, consumers, and businesses. But the environment has been especially tough for mid-life professionals in career transition or those who have recently retired.

These individuals might need to rely on their savings sooner rather than later since they may likely be working less or not at all in the near future. My latest blog discusses practical financial options for those in these circumstances. Of course, it is important to maintain a long-term focus with investing; however, that does not mean you have to do nothing and hope for the best. There are alternative approaches. Read on for some ideas!

https://yourmoneyjourney.com/2022/07/27/4433/

05/04/2022

Are you in mid-life and thinking about retirement? Have you already left the workforce during the pandemic? If the answer to any of those questions is yes, there are key financial planning considerations about how you might approach your Traditional 401(k) plans and Traditional IRA. One of those matters is the timing of withdrawals. My most recent blog discusses “Required Minimum Distributions”, which are IRS rules than mandate distributions from these accounts at age 72. But sometimes it might make sense to begin those withdrawals before that age.

I discuss the trade-offs in this article. This topic is timely because there is new legislation moving through Congress that would change those rules. I am following the bills (there are House and Senate versions) and will be writing more about them as the political process unfolds.

Nobody likes surprises, especially when it comes to the subject of money! When I work with mid-life professionals thinking about career transition and/or retirement, they are often surprised to learn that they will eventually be forced to withdraw money from their Traditional IRAs and Traditional 40...

04/27/2022

There continues to be more data which suggests that Covid-19 is now moving into a far less dangerous stage, even while the virus may remain with us for the foreseeable future. This is very positive news from a health perspective, but also in terms of the outlook for the economy. It is true that the rising interest rates may likely slow down economic growth, but those forecasting a recession this year may not be considering how the improving Covid-19 backdrop may result in growing activity in the services sectors such as travel, restaurants, and others!

The World Health Organization on Tuesday said weekly new Covid deaths have fallen to the lowest level since March 2020, but warned a global decline in testing for the virus could hinder its efforts to fight the pandemic.

04/24/2022

Experiencing a mid-life job transition is hard enough but might even feel more challenging when it occurs during a time of market fluctuations such as 2022. One unusual aspect of this year has been the negative returns investors have experienced across a broad range of asset classes, including the more typically placid fixed income markets.

For those in transition and/or close to retirement, now is a good time to review your portfolio and make sure you have adequate cash reserves to move through your transition. My most recent blog discusses areas to consider in your portfolio review but also the importance of patience in a long-term strategy. Please feel free to contact my office if you want help!

When I think about these first three months of 2022, the word patience comes to mind. The recent two-year anniversary of Covid-19 hitting our shores reminds me of the havoc and disruption that the pandemic imposed on our lives, but more importantly how so many people overcame the hardships through a...

04/13/2022

If you are thinking about retiring in the next few years or have already left the workforce, you are probably concerned about the volatility in the financial markets during 2022. In particular, the typically more placid fixed income markets have seen fluctuations which at times have more volatile than the stock market! Aren’t these investments supposed to be the ones that are supposed to hold up during the inevitable rough stretches that come with investing?

While very disappointing, it is important to maintain perspective about the role that fixed income investments can play in your strategy. One of my recent blogs explains why there might very likely be better days ahead for bond investors, even in today's very uncertain interest rate environment.

Core bond investors have experienced one of the worst starts to the year ever, potentially calling into question the validity of bonds in a portfolio. Despite the poor start, the value proposition for bonds has not changed much. Moreover, with yields on most fixed income markets moving sharply highe...

09/02/2021

A noticeable trend during these times of Covid-19 has been an increase in the number of Americans leaving the workforce before a traditional retirement age of 65 or 70. If you are in that situation or are thinking about taking this big step, make sure you evaluate how you are going to pay for your living expenses.

Although it may seem like claiming Social Security at age 62 (an early claim) might make sense, you really need to do that math on this decision. My most recent blog provides some useful information to help you evaluate the trade-offs between claiming Social Security versus withdrawing money from your retirement accounts.

Please read on for more information! Feel free to contact my office if you have any questions about your situation. We have much experience in helping people thoughtfully approach this decision!

When it comes to planning for retirement, savers often try to allocate as much money as possible in employer-sponsored retirement plans and IRAs. And why not?! The tax deferral features of these accounts may provide years of attractive growth without paying Uncle Sam any taxes until the

08/25/2021

Like many of us, I often think about the times we are living in and how to respond to so many changes over these past several months, both personally and in my profession.

From a professional standpoint, I concluded it was more important than ever to re-double my efforts to continue helping those in mid-life embarking on new paths, especially through electronic and digital communications. Last year, these observations led to my decision to replace my firm’s website (www.yourmoneyjourney.com), and I am now thrilled to announce that the new site successfully went live just a few weeks ago!

The focus of this new launch and other digital communications will remain the same: provide non-promotional, objective and truly useful information that informs people, including mid-life professionals, about a range of financial, investment and career/work related subjects.

Please take a look at my new website and let me know your thoughts, questions or ideas for future posts!

www.yourmoneyjourney.com

Has Mid-Life Career Transition Made You Ready for a Life Pivot? Has Mid-Life Career Transition Made You Ready for a Life Pivot? A career change or job loss is an important event, but particularly significant when it occurs in mid-life. The time when you are in your 50s or early 60s may represent an

08/11/2021

18 minutes ago

The Job Forum, one of San Francisco’s pre-eminent job search and career coaching non-profits, is hosting a panel discussion tomorrow night focused on careers in finance and accounting. If you are looking for new opportunities in this field or want to pivot into a related area, please join us! I have served as a long-time volunteer and will be one of tomorrow night’s guest speakers.

The Job Forum welcomes you to join in a career and job search panel discussion with experts focused upon corporate finance & accounting!