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Tuesday, October 15, 2019

Age alone doesn’t kill the bull. Of course I am talking about the stock market. The bull market is over 10 years old and it’s been a great ride. On March 9, 2009 the Dow Jones Industrial Average closed at 6,547, today it is...

 

Monday, September 16, 2019

One of the key investment concepts most investors do not understand is risk versus return. This important idea means that generally the more return you get the riskier the investment. It sounds simple but it can get complicated fast...

 

Tuesday, September 3, 2019

School is back in session and usually the first essay that a student does is writing about what they did this past summer. So for that theme, we wanted to let you know what we have been up to at Oldfather Financial Services. Reduce...

 

Monday, August 19, 2019

If you ask that question to any Financial Advisor the answer will be a resounding “YES”!!! However, the answer is probably closer to a “Maybe”. A few years ago Vanguard quantified that a Financial Advisor can...

 

Monday, August 5, 2019

I just got back from a great time white water rafting the Colorado River with my father. On the long car ride home I got to think about how white water rafting can be a lot like investing… Here are the similarities that I see:...

 

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Monday, July 15, 2019

For almost three decades, I’ve been helping people become financially successful mainly by giving advice about how to save and invest. In that time I’ve seen my share of people making bad financial decisions. I’ve...

 

Friday, June 28, 2019

Every year in January, we try to do resolutions on what we will do for the following year. Since we are half way through the year and your resolutions probably went out the window long ago, let’s try some reverse psychology and...

 

Monday, June 17, 2019

Everyone knows as we age our healthcare costs will increase. Many seniors struggle to keep up with the increasing cost of healthcare while their incomes are static or even decreasing. Once you reach age 65 the overwhelming majority of...

 

Monday, June 3, 2019

Most people know that you should have three to six months of savings in case an emergency happens. Having money set aside in the bank can really help when a financial emergency occurs such as getting laid off of work, having a large...

 

Tuesday, May 14, 2019

Investors seriously underestimate the importance of the fees they pay. In fact most investors don’t even know what they are paying their financial advisor because it is secondary to the sales process. Once you are hooked you are...

 

Tuesday, April 30, 2019

At Oldfather Financial Services, we have purchased Social Security timing software that will give our clients the exact month they should begin taking Social Security. It takes into consideration your past earnings, your spouse’s...

 

Monday, April 22, 2019

Only looking at income gets a lot of investors in trouble. In this consumer society we are trained to look for the best deal so who wouldn’t take a 5% return over a 2% return? But total return and principal protection are much...

 

Monday, April 15, 2019

Have you ever dreamed about winning the lottery? All you have to do is pick 5 numbers from 1 to 69 in order and a sixth Powerball number from 1 to 26. It seems like you would have a pretty good chance. But you really don’t. The...

 

Monday, April 8, 2019

It is tax season and as Americans get their tax returns back they are discovering any charitable gifts they made in 2018 may no longer deductible. This is because the new tax law effective for the first time in 2018 raises the standard...

 

Friday, March 29, 2019

We have heard plenty about the methods (money) that families will go through to get their children into various schools. I have been taking particular interest as my son applied last year to some of the schools and ultimately decided...

 

Monday, March 25, 2019

A million dollars is not what it used to be. Not so long ago a millionaire was the person who inherited their money, lived in a big house, drove an expensive car, had a high paying job. They were living the good life. This stereotype...

 

Wednesday, March 13, 2019

It is becoming increasingly difficult for children to have better lives than their parents. The high cost of education and the shrinking middle class are just two of reasons for this. Not too long ago you could make enough money at a...

 

Tuesday, February 26, 2019

Who is your financial advisor? An acquaintance, friend, a friend of a friend, someone you know from church, your college room mate’s brothers friend? The relationship with your financial advisor may be a very personal...

 

Saturday, February 2, 2019

The ROTH IRA is a great way to save for retirement. A ROTH is a retirement account much like a traditional IRA. The contribution limits are the same, $6,000 a year for 2019, with investors over age 50 able to save an additional $1000....

 

Saturday, January 26, 2019

Jack Bogle recently passed away at age 89. You probably don’t know his name but he was the leading voice for the small investor in the financial services industry. Jack Bogle was a hero to me and had tremendous influence on my...

 

Saturday, January 12, 2019

I have seen a lot of people over the years make simple mistakes with their money. The following is a list of the most common mistakes. Take a look at the list and see if there is something you can do to improve yourself and your...

 

Thursday, January 3, 2019

Happy New Year! This always is a time of reflection and investors should not be in any different. As we all saw in December, the market won’t always be in our favor. The stock market and interest rates are items an investor...

 

Friday, December 28, 2018

A ROTH IRA conversion is a way to take existing traditional IRA accounts and convert them into a ROTH IRA. The big advantage of a ROTH is that you have no taxes when you withdraw the money and there is no requirement to take minimum...

 

Saturday, December 22, 2018

At times like these investors are paying closer attention to their 401(k)’s and other investments. Many of you are opening your statements and seeing the change in the balance from last month and feel like you have to do...

 

Saturday, December 8, 2018

Today I am going to talk about variable annuities. I do not sell them, in fact I don’t sell any investment products but most “financial advisors” do sell annuities. If you think today’s politics are polarized...

 

Sunday, November 4, 2018

The recent slide in the stock market should not be a surprise to anyone. Since the epic decline during the financial crisis 10 years ago the stock market has gone almost straight up more than tripling in value. The fact that it’s...

 

Monday, October 8, 2018

The Dow Jones Industrial Average gained 25% in 2017. It was a good year, but it was also one of the quietest years for stocks since 1964. The volatility or the day-by-day up and down fluctuations of the market was the lowest in over 50...

 

Monday, September 10, 2018

What is the retirement gap? The retirement gap is the difference between your retirement income and the actual expenses you will have after you retire. The number one cause of this gap is that people are living longer. It makes sense...

 

Wednesday, August 8, 2018

How is your health? I am not talking about whether you have the flu. I am talking about your financial health. There are many indicators of your financial health but the one most used by financial planners is your net worth. It is...

 

Thursday, July 12, 2018

Everyone has heard about how the new tax law is less complex and saves people money. The new law will reduce taxes for a large number of people and make it simple for some people to file their taxes. The main reason for this is that...

 

Saturday, November 4, 2017

I will stop procrastinating – tomorrow. Procrastination is that strong and mysterious force that keeps us from completing important tasks. Like the college student that pulls an all-nighter to cram for the big test the next day....

 

Saturday, March 18, 2017

COUNT ALL COSTS BECAUSE FEES MATTERMarch 18, 2017Those of you that regularly read this column know I am a huge fan of Warren Buffett. Not just because he has built the worlds 4th largest public company from the ashes of a failing...

 

Friday, March 17, 2017

Higher Education Demands Savings Plan with Traction March 17, 2017 Saving for higher education expenses is a major financial goal for many families. Remember it is always cheaper to save now rather than borrowing later. In most cases...

 

Saturday, March 4, 2017

That Free Dinner and Seminar Could Cost You March 4, 2017 Did you know that there are five seasons not four? They are winter, spring, summer, fall and seminar season. As sure as spring follows winter - for a couple of months after the...

 

Saturday, December 3, 2016

A gift to your church or your favorite cause is the perfect way to give back to your community and provide help to those who are less fortunate 12/3/2016

 

Saturday, November 19, 2016

Whether you are planning a trip, a project at work or just deciding what you are going to do for the holidays you have to imagine the future 11/19/2016

 

Wednesday, October 5, 2016

Stock market investors underpform the stock market by a substanial amount every year for two main reasons 10/05/2016

 

Friday, September 30, 2016

A retirement plan is all about saving but you also need to know how and why it works. 9/19/16

 

Monday, September 19, 2016

Big changes are coming for your retirement accounts. 9/19/16

 

Thursday, July 28, 2016

No one likes to think out their own demise 7/28/16

 

Saturday, March 19, 2016

If you want high standards, you'll want the fiduciary standard. 3/19/16

 

Saturday, January 16, 2016

History is littered with people who made bold predictions about the future and turned out to be spectacularly wrong. 1/16/16

 

Saturday, December 19, 2015

Investors are focused on return more than risk. 12/19/15

 

Thursday, October 29, 2015

The Baby boom generation will begin to turn 70 next year. The boomer generation kicked off in 1946 with a 22% increase in babies being born compared to the previous year. 10/29/15

 

Saturday, July 25, 2015

Investing is defined as purchasing an item or an asset with the hope that it will either appreciate in the future or generate income. 7/25/15

 

Saturday, May 9, 2015

I attended the 50th annual Berkshire Hathaway meeting in Omaha at the beginning of May 5/9/15

 

Thursday, February 5, 2015

Talking to people about their finances every day I hear some a really interesting things. 2/5/15

 

Tuesday, December 30, 2014

We have all heard about the boiling frog syndrome 12/30/14

 

Sunday, November 23, 2014

There are few words in the English language that will scare people more than the words “financial planning”. 11/23/14

 

Monday, July 21, 2014

Have you ever purchased a used car? 7/21/14

 

Monday, June 30, 2014

There is a story on Wall Street that is more than a century old about a visitor to New York who admired the yachts the bankers and stockbrokers had moored in the harbor. 6/30/14

 

Tuesday, May 27, 2014

Over time if you are losing money in the stock market it is your own fault. 5/27/14

 

Tuesday, February 18, 2014

No one wants to think about their own mortality. 2/18/14

 

Monday, February 10, 2014

What is wealth? The concept of wealth can apply to anything of value. 2/10/14

 

Thursday, November 14, 2013

Investors really love stocks, and because of that the stock market is hovering around an all time high. 11/14/13

 

Monday, August 19, 2013

Banks and Brokerage firms are frequently fined hundreds of millions of dollars for selling bad investments. 8/19/13