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RFM Financial Solutions, LLC

Archive for May, 2013

The US News and World Report wrote a terrific article with a list of reminders and strategies to consider as the years go by and your children get older and closer to their higher education.  Did you know that for the 2012-2013 school year, the average cost for an in-state public college was $22,261.  This does not include housing, meals and various fees.  That is just for ONE year!

Click here for article.


With the economy the way it is lately, it is getting harder for teenagers to find good summer jobs.  The typical fast food chain job are now going to adults in need of work.  Here are a few alternatives if your child is thinking they need some summer income.

  1. Caddie – while they need to be a little savy for this position, if your child is a golfer and a good communicator, this job may suit them just fine.
  2. Baby Sitter – depending on your location, baby sitters can bring in some cash during the summer.  Must be patient and good with kids though!
  3. Lifeguard – would need CPR and basic first aid training and may have to take a swim test, but it’s worth it to sit on the beach all day right?
  4. Pet Sitter – some people’s pets are their children so they need sitters too!
  5. Retail – if your child likes to shop, why not work where they shop?  Will teach them good communication and trouble shooting skills as well.
  6. Crafting – make your own jewelry for example – pay for a booth at a craft fair for better opportunities.

There are many options out there…just have to be creative and be willing to try new things!


stockWritten by: Jeremy Shafer

“In the short run, the market is a voting machine.  In the long run, it’s a weighing machine.” -Benjamin Graham

The Dow Jones Industrial Average topped the 15,000 mark for the first time ever.  It’s quite a milestone, yet many are wondering if the rally has run out of steam.  Let’s begin with a simple fact: no one knows what tomorrow will bring – not MSNBC, Fox Business, or any of the other talking heads (this one included).

But smart investing isn’t (and hasn’t ever) been about knowing the future – it’s about seeing the present with clarity, as Dr. David Kelly put it.  And presently, stocks are trading near their historical average.  In the past, stocks selling at this price level were a mixed bag over the following 1 year period, with some gains and losses.  The telling picture is in the 5 year period, where stocks have generated healthy returns when selling at/near current prices, though periods still experienced losses.

The markets may serve up a bumpy ride, but long term investors with an allocation strategy in place should be well positioned going forward.