Weekly Notables

from the Desk of Brian Bickett, CFP®

for the Week of October 16, 2019

Living YOUR Life…

I recently stumbled into this TEDx Talk titled “Why is Everyone So Fat, Broke and Busy?” .   It wasn’t until the end that I realized that it was recorded in 2010.  Here I was 9 years later nodding in agreement based on my experiences attempting to change my own behaviors.  The Talk explained why the human mind will not allow you to be miserable for extended periods of time based only on the promise of being happier later.  The mind requires some (almost any) type of fulfillment in the present in order to continue any given behavior.

Shortly after the Tedx Talk, I found this article “Why We Ditched the FIRE Movement and Couldn’t Be Happier”.  It details the journey of a couple from being on the verge of taking on significant debt to extreme frugality to a balanced life, enjoying today while planning for tomorrow.  

I am confident there is a message in those two for me and maybe there is one in there for one or two of you as well.

Enjoy the ride of YOUR life!

— Brian

Find Your Financial Roadmap.

Brian can help you develop a roadmap to get you from where you are to where you want to go — and then put it in action, making your money work for you to avoid behavioral mistakes.

The Long Term Investment Benefits of HSA’s

(Philip Van Doorn, MarketWatch) – This investment article explores how a Health Savings Account (HSA) can save you taxes immediately, in many ways like a Flexible Savings Account.  The benefits of the Health Savings Account over a Flexible Savings account include a higher contribution limit, the ability to carry-over unused funds from year to year, and the opportunity to invest those carry-over funds for the long term.  The article then walks thru the questions you should be asking to determine if a Health Savings Account might be good fit for you.

How Eliminating Trading Fees should be a boon for the ETF Business

(Andrea Riquier, MarketWatch) – This week’s second investing article explores one of the expected side effects of the recent brokerage fee wars where the major custodians Schwab, Fidelity, TD Ameritrade and Interactive Brokers all eliminated commissions on stock, exchange-traded funds (ETF) and option trades.  BlackRock executives point to the zero commission trades as yet another reason that investors are expected to increasingly utilize ETF’s.  

The High Cost of Long-Term Care Insurance and What to Use Instead

(Maryalene Laponsie, U.S.News) – This personal finance article explores the many factors that are driving the increasing rates for long-term care insurance.  It goes into how the insurance company initially under-priced plans issued in the 1990s and early 2000s based on faulty assumptions.  The article then details 10 alternative ways to pay for long-term care.  

Where’s Brian?

Preparing for the Open Enrollment period…

Additional Articles You May Find Interesting

Understanding Arch Coal Pension Plan Benefit Options

Understanding Arch Coal Pension Plan Benefit Options

Article written by Brian Bickett   I’ve been able to help a handful of people make educated decisions concerning their Arch Coal Pension Plan in the recent months. While it all comes down to your personal financial goals, here are a few points that have helped my...

read more
Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees' Report   Article written by Brian Bickett Earlier than in the past, the Social Security Board of Trustees released their annual report at the end of April this year.  The report for 2018 spans 270 pages that go...

read more
Fee Only Financial Planning

The Touring Package

Develop a roadmap to get you from where you are to where you want to go and then put it in action.
Fee Only Investment Management

The Day Trip

Hire a CERTIFIED FINANCIAL PLANNERTM Professional who can provide you with one-time objective advice.
Fee Only Investment Management

Investment Management

Put your money to work for you and avoid behavioral mistakes.

Start your journey to financial freedom and peace of mind today.


ADV Part 2       Privacy Policy       Site Map

Iron Mountain Financial Planning LLC (“IMFP”) is a registered investment adviser offering advisory services in the States of South Dakota and Wyoming and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by IMFP in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of IMFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.