Why didn’t my portfolio do that?

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As a person, managing my own emotions can be challenging. Understanding the environment around me is difficult. As an advisor, managing client emotions and expectations while balancing their wants vs. needs is daunting at times. Not because clients are hard to work with, but because I cannot always impute their emotions into my recommendations. Portfolio management is… Read more »

Theme for 2015: Simple

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The Purpose Statement at PDS Planning is “To eliminate the stress associated with planning and attaining a richer, fuller life.” Financial planning should be simple. For you, not us. Our happiest clients are the ones who have found that our guidance has allowed them to maintain focus on the things that matter to them, such as… Read more »

This is the year I will….

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I have to be honest.  New Year’s is my least favorite holiday. If you’re like me, you usually struggle to stay awake until midnight and NEVER manage to stick to your New Year’s resolution after about January 15th.  However, I always feel compelled to make a New Year’s resolution in spite of my dislike for… Read more »

Closure to an unsettled estate

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Jamie Menges was recently interviewed by the Wall Street Journal to discuss how families sometimes struggle to close an estate of a recently deceased loved one. The experience of PDS is that this is as much about helping families who are personally mourning the loss of a loved one as it is completing a task… Read more »

New limits in 2015!

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As 2014 draws to a close, it’s time to give consideration to your retirement savings for 2015. The IRS has increased several of the retirement saving limits for individuals. Here are just a few of the basic ones for your reference. 2014 2015 Elective deferrals – 401(k), 403(b), and most 457 plans $17,500 $18,000 Catch-up… Read more »