You probably do not think consciously about risk most days, but you make risk-based decisions on a consistent, daily basis, as we all do. For example: When you drive, you decide when to pull out, how fast to go and when to change lanes. When you are doing a home project, you decide what tools you do and do not need, how closely you should follow the directions and how… Read More
The Master’s Minute – Behavioral Changes
Are you getting tired of change? With what we have endured recently, it would be hard to not be. According to psychologist James O. Prochaska, there are five stages that a person goes through when faced with a potential behavioral change. Pre-Contemplation – At this stage, a person has no intention of altering their day-to-day life. They often are only vaguely aware that a change is necessary. Contemplation – The… Read More
The Master’s Minute – Taking a Pause
The Master’s Minute – Master’s Advisors Celebrates our 27th Anniversary!
May 2nd marked the 27th anniversary of Master’s! Our team gathered on the following day, Monday, May 3rd, to celebrate. We started the day by hiking to a beautiful scenic lookout high above the Susquehanna River. There we had our usual Monday morning team devotions and prayer time. Afterwards, we spent the day enjoying the wonderful accommodations at the Long Level Marina Events Center, right along the river’s edge. Various… Read More
The Master’s Minute – Pergola Swing Project
Last fall my family decided to get rid of our kids’ outdoor play set, as they are currently ages 15 and 18. Our youngest was very reluctant to give up her swing and only agreed after we promised to replace it with a “grown-up” swing. This negotiation and compromise yielded an extensive project; we decided to build a pergola in our backyard and attach a porch swing to it. We… Read More
The Master’s Minute – Join Us On The Ride
When I was probably about 10 years old, I went on my first big roller coaster at Busch Gardens Williamsburg with my Dad. I was very nervous about this ride, and Dad was trying to keep me calm as we waited in line. Right before we were about to board, he pointed out a sign that said how many people had rode the coaster (4 million + or so) and… Read More
The Business of Money – What Path is Right for YOU?
How many speakers do you hear, books do you read, or podcasts do you listen to that give you a specific prescription on how to best run your business? Much of the business media we consume is hoping that you take their specific path to business success. It is what helps them build their brands, sell their products, and have testimonials to promote to other business owners. I have found… Read More
The Master’s Minute – Render Unto Caesar…But Not Yet!
On or around April 15th every year, many people rush to file their annual income tax returns and make last-minute prior year IRA contributions. However, the past two years have been different. Last year, the tax return deadline was moved to July 15th, 2020. And this year, the deadline has been moved to May 17th, 2021. When implementing these deadline extensions, the IRS has also opted to extend the deadline… Read More
The Master’s Minute – What Are Your Benchmarks?
In the investing world, it is typical for an investment manager to have their performance compared to a benchmark. A benchmark serves as a neutral measuring stick for potential investors to compare the success or failure of that investment manager. If the manager has worse returns than the benchmark, a conclusion is drawn that they have ‘underperformed”, while if they have better returns, the conclusion is that they have ‘outperformed’…. Read More
The Master’s Minute – Retirement Income (Part 4)
Running out of money is a common fear among retirees. It seems like the root of the fear is less about a concern for the individual’s personal well-being and more about not wanting to be a burden on their family or others. As Jon discussed in part 2 of this retirement income series, there are potential risks of running short on retirement income by either over or under allocating your… Read More
