Have you thought about dying lately? Most of us don’t. However, my daughter had a close friend pass away recently. This shocking and unexpected event got me thinking about death and how fragile our time here really is. In fact, as a financial planner I started thinking about estate planning, and why so many of us put […]
A couple of years ago I was asked, “What’s in your wallet?” I wasn’t being asked if I had the best rewards credit card. I was talking to my doctor at the time, complaining of lower back pain. When I showed him this bulging folded cow hide, that unfortunately had everything in it but the green stuff! Men and […]
February 27th is officially No Brainer Day. I know what you’re thinking. Wow, the perfect holiday for me! I said exactly the same thing. Let’s start with the definition of a “No Brainer”. It’s doing something that is simple, easy, obvious or totally logical. So don’t do the activities that require in any mental work. How […]
Every year someone asks me how much they can actually contribute to their 401(k). There seems to be a ton of confusion. Some 401(k) participants seem to think it’s a percentage. They are confused by the match percentage. Somehow they have confused that’s the max that they should contribute. Not true, that’s the max contribution […]
Who gets your stuff when you die? Can you remember who you listed as beneficiary on all your different accounts? Maybe you think you know, but you should review your beneficiary designations on all applicable accounts. That includes banks, brokerage accounts, life insurance, 401(k)s, pensions and a whole slew of assets. Some of these accounts were set […]
Many investors I talk to use multiple advisors. When I ask why, I commonly get the response, “I don’t want to put all my eggs in one basket.” That defines diversification for investments and that’s smart. It may not be as smart to diversify amongst financial advisors. Let’s look at a few reasons. Here are […]
When I think of stress test, I imagine a patient in a doctor’s office running on a treadmill. Along with tons of sensor patches connected all over the chest. The point of the stress test is to measure just how much that patient’s heart can take. I think it’s time to stress test your investments. […]
It’s almost that time again! Taxes. I can almost see your gnashing your teeth and rolling your eyes right now. Nobody likes to do them. Unless you’re getting a refund like the recent HR Block commercial. The one with stacks of cash with your name on it! I wish. If you are in the camp […]
Well I thought I was glad I had College 529s until this week. Just a mere few weeks after my article was published, President Obama in his State of the Union Address has introduced a new plan to discontinue the tax-free withdrawals on earnings in 529 plans. Proposed Tax Change The President’s position is that […]
Irregular income can be a real roller coaster! Especially if your are self-employed. I’ll admit, that uneven paycheck ride sickened me a few times in the early years of running my business. If you’re self-employed then you likely have irregular income. Let’s face it, budgeting sucks. So here are a few creative ideas on budgeting […]
About David Dedman
David A. Dedman is President and Founder of Lexington Wealth Management, a wealth management and 401(k) advisory firm. David has been assisting investors and business owners invest smarter, grow wealth and plan for the future for over 20 years. David has appeared in such publications as WealthManagement.com and the Huffington Post.
- Fear and Greed: Still the Great Motivators April 1, 2012
- 5 Reasons to Do Financial Planning…Even During A Zombie Apocalypse March 22, 2012
- Sudden Wealth from a Life Event? July 17, 2014
- What Will the End of the Bush Tax Cuts Mean for You? May 29, 2012
- Why Investors Do The Crazy Things They Do – Concept 1 Anchoring July 18, 2013
- Why We Avoid Estate Planning February 26, 2015
- What’s In Your Wallet? February 24, 2015
- 6 Financial No Brainers…in Honor No Brainer Day February 19, 2015
- 401(k) Limit Updates February 17, 2015
- Why Your Beneficiaries Are Important February 10, 2015
- Why We Avoid Estate Planning | The Diligent Advisor: […] as a financial planner I started thinkin...
- What\'s In Your Wallet? | The Diligent Advisor: […] wasn’t being asked if I had the best r...
- 401(k) Limit Updates | The Diligent Advisor: […] 401(k) participants seem to think it’s...
- Why Your Beneficiaries Are Important | The Diligent Advisor: […] Who gets your stuff when you die? [̷...
- 4 Reasons to Avoid Multiple Financial Advisors | The Diligent Advisor: […] defines diversification for investments ...