Financial Strategies - Retirement Income Planning - Investments - Insurance

Colin D. Murray, Principal

Murray Wealth Strategies LLC was founded on three essential ideas:

(1) That real wealth – an income one doesn’t outlive and a significant legacy to one’s heirs – can only be built and preserved through a program of lifetime investing.

(2) That the achievement of real wealth is not driven by investment "performance", but by investor behavior – which is primarily a function of making a lifetime plan and sticking to it.

(3) That, in practice, no one will ever be able to resist the behavioral traps of investing without the empathetic but tough-loving counsel of a high quality financial professional, whose functions aren’t prediction and "performance," but planning, perspective and behavior modification. Thus, the most valuable function of a financial professional is to guide clients to help them avoid making mistakes that disrupt their lifetime plan.

 

Please use this site as a resource, and do not hesitate to contact us for additional information or to schedule a financial checkup without cost or obligation.  

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Never Retire? Don't Count on It

In a recent survey, just 40% of wealthy individuals indicated they are totally confident they will have enough money for retirement. The other 60% said they will shun traditional retirement and work as long as possible. However, it could be dangerous to believe that a retirement income shortfall can be overcome by working past the traditional retirement age.

Building a Business Versus Building Wealth

The market for small businesses has been less than ideal over the past few years. Thus a business owner's efforts to build a successful business may not always translate to an increase in personal wealth. One way to insulate a business owner's personal financial situation from the fluctuating small-business market is by investing outside the company.

New Opportunity Under the Federal Gift Tax

The 2010 Tax Relief Act raised the lifetime gift-tax exclusion to $5 million. This means it could be a good time to make the most of tax-free gift transfers. If so, it's important to understand the annual and lifetime gift exemption limits, as well as which gifts might not be subject to them.

What Do Price/Earnings Ratios Really Have to Offer?

It's not hard to find the price/earnings ratios of publicly traded companies or even the market as a whole reported in the news. Unfortunately, it may be difficult to understand what the numbers mean without the ability to make meaningful comparisons.

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