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The Hidden Cost of Owning Too Many Investments – Part 2

September 12, 2023 by Nick

Cost of owning too many investmentsWhile diversification is a crucial way to spread risk across multiple investments, over-diversification1 occurs when a portfolio owns too many investments. In this instance, there can be some potential "hidden" costs, including reduced return potential without a material reduction in risk.2 If we think of diversification as the cost investors incur to reduce the risk [...]

Filed Under: Investing, Investment Management, Portfolio Management, S&P 500, Securities, Stocks, Taxes

The Hidden Cost of Owning Too Many Investments – Part 3

September 12, 2023 by Nick

Cost of owning too many investmentsAs we reviewed in the two previous posts, diversification is an effective way to reduce risk. If you own too many investments, however, there can be hidden costs without a material reduction in the risk of loss. These costs may include: Reduced returns which can increase the risk of not reaching your financial goals Unnecessary [...]

Filed Under: Investing, Investment Management, Portfolio Management, S&P 500, Securities, Stocks, Taxes

The Hidden Cost of Owning Too Many Investments – Part 1

September 11, 2023 by Nick

Cost of owning too many investmentsAssuming you invest in individual stocks and/or mutual funds, what is one of the first questions you should ask if you want higher investment returns? The answer is, “Do I own too many investments?” This is an essential question because of the potential hidden costs of owning too many investments, also known as over-diversification. While [...]

Filed Under: Equities, ETF's, Exchange Traded Funds, Index Funds, Investing, Investment Management, Mutual Funds, Portfolio Management, Risk Management, S&P 500, Securities, Taxes, Wealth Management

Oxy Pension: Lump-Sum or Annuity – Which is Better?

August 19, 2022 by Nick

Oxy Pension Plan Lump Sum Versus Annuity 1Upon approaching retirement, you may be asking yourself, "Should I take the lump sum or the annuity payment option with my pension plan?" We get this question often, and the difference in lifetime value between options can be significant. Before making any decisions, you'll need to complete a careful and thorough analysis. A competent financial [...]

Filed Under: Lump Sum, Pension, Retirement

What Are Stock Splits?

August 18, 2020 by Nick Leave a Comment

Stock SplitWhat Are Stock Splits?Here’s what you need to know. Two high-profile companies—Apple and Tesla—have announced stock splits in the past few weeks, which makes it a great time to discuss what’s involved when a company announces a stock split. Remember, any companies mentioned are for illustrative purposes only. It should not be considered a solicitation [...]

Filed Under: 401k, 401k Plans, Retirement, Taxes, Wealth Management

Small Business Retirement Plans

June 22, 2020 by Nick Leave a Comment

Small-Business-Retirement-Plans

How do you pick the most appropriate retirement plan for your business as well as your employees? As a small-business owner, figuring out retirement choices can be a little intimidating.The SECURE Act and CARES Act may complicate the decision. There are three main types of retirement plans for small businesses: SIMPLE-IRAs, SEP-IRAs, and 401(k)s. Read […]

Filed Under: 401k, 401k Plans, Retirement, Taxes, Wealth Management

Why You Might Want to Create a Donor-Advised Fund

November 10, 2018 by Nick Leave a Comment

goff-financial-donor-advised-fund-houston

Do you regularly donate to charities and other non-profit organizations? Then you may want to open a Donor-Advised Fund. Donor-Advised Funds are becoming popular. It is easy to see why. They offer potential tax perks, and in some instances, a chance to grow money set aside for charitable gifting.1,2 It is all too easy to […]

Filed Under: Donor Advised Funds, Estate Planning, Fiduciary, Financial Advisor, Gifting, Wealth Management

Are Your Beneficiary Designations Up to Date?

September 27, 2018 by Nick Leave a Comment

beneficiary-designation-goff-financial-houston

Here’s a simple financial question: Who is the beneficiary of your IRA? How about your 401(k) or annuity? You may be saying, “I’m not sure.” It is a good idea to periodically review your beneficiary designations. Your choices may need to change with the times. When did you open your first IRA? When did you […]

Filed Under: Estate Planning, Financial Advisor, IRA, Retirement, Roth IRA, Trust Funds, Wealth Management Tagged With: beneficiary

Starting a Roth IRA for a Child or Grandchild

August 21, 2018 by Nick Leave a Comment

Do you have a child or grandchild earning some income? Indirectly, that after-school or summer job might present a savings opportunity for that teenager. You could help your child or grandchild save for future goals by assisting them to create and fund a Roth IRA. So many people wish they had begun saving for retirement […]

Filed Under: Estate Planning, Inherited IRA, Investing, IRA, Retirement, Roth IRA, Uncategorized, Wealth Management

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