Gary Schatsky Quotes (15 Quotes)

Basically, the concern of NAPFA is the extraordinary expense often associated with these insurance policies, ... The problem with a lot of these high cost products is that they attempt to push hot buttons with consumers. They ask, 'do you want to pay taxes' Obviously, you don't. But the NAPFA approach is to look at your overall financial picture and do it on an unbiased, non-partial basis.

To be sure, you should pay attention, and move once the bills are enacted. Understand (the plan). Know what you might want to do, ... it would be reckless to make any financial moves predicated on the proposals.

With or without the proposal, you have to act decisively and you have to begin saving immediately upon hitting the workforce. Not only is the present up to you, so is your future.

You should get good, unbiased advice. It's an intricate analysis.

If you have a choice, pick a different departure date.

Consumers are biting. They're biting because the opportunities are good and in part because they see that the bank is making a statement to them 'You can afford it' -- when, in reality, most cannot.

It's not like law or medicine where there are extraordinary standards.

There's no good rule of thumb for insurance since people have such different situations.

Bad debt is debt that is used to enhance consumption.

At the time you are most vulnerable, you want to make sure people know what you want to have happen to you. You don't want people to guess about it, or in some cases, not even be able to do what you want.

This is a very complex area. In setting up a trust, I would always seek professional helptrusts are a lot more complicated than doing a tax return.

Stock options can overshadow the value of a retirement plan in a heartbeat. I've had clients who made millions by waiting a few weeks.

If you have options all you have is the promise of money. It's like the lottery.

War gets people thinking about mortality even if they aren't going to be doing any fighting themselves, ... Now's a good time to look at whether you have the right life insurance coverage and to make sure your estate plan is in order.

They are signing on for large debts with low initial interest rates that can skyrocket ultimately.