About Mike Booker

Mike has enjoyed meeting with existing and prospective clients over the years, helping build Financial Synergies into the firm it is today. He counsels clients on many complex areas of financial planning and investing, helping them to achieve their long-term goals and simplify their lives. Mike has earned three top-shelf credentials: CERTIFIED FINANCIAL PLANNER™, Chartered Financial Consultant® and Certified Fund Specialist®.   Read Mike's Profile HereRead More Articles by Mike

The $35 Trillion Wealth Transfer

The mother of all wealth transfers is coming. Baby Boomer heirs listen up: it’s not quite as soon as they are saying and not quite as much… Continue reading

The Impact of a Biden or Trump Presidency

I’m not allocating much space to this column to discuss the past six months. I think we might all agree that it will be regarded as one of the most tumultuous periods in history, if not in our lifetimes. Like you, I hope and pray that the next 6 months will be dramatically better than the last, in both financial markets and society in general. Continue reading

The R Word

I want to get this out right off the bat – recessions are a part of the business cycle, thus part of every investor’s investing life. They occur every 4-10 years, so we must expect them. Some clients and financial pundits feel that we are on the precipice of a new recession. Continue reading

Money Janitor

We have all heard that money can’t buy happiness. But, what is it that money can do? Continue reading

Taxing Tax Time

Even though April 15th was not that long ago, some of us are still feeling the sting. Continue reading

Calm in Turbulent Times

It’s Dr. Martin Luther King Jr.’s birthday, and I thought it would be a good time for you to hear from me. Dr. King always preached calm in turbulent times, and I would like to echo that sentiment during these … Continue reading

The Survey Says…

Investors may not have learned from the market downturns of 2000–2002 and 2008 as much as we thought. According to a TIAA-CREF survey, more than half of investors (53%) think taking more risk in their investments guarantees a higher return. … Continue reading

Wealth and Hard-Working Americans

Kevin Williamson, a correspondent for National Review recently wrote an article titled, “Rich America is a Working America”. In it he quotes some interesting statistics that call into question the negative portrayal of the “rich” that has become an effective … Continue reading

Income versus Total Return

Many investors and retirees rely on their investment portfolio to fund all, or part of their cash needs. In wealth management, there are two practices employed to create this cash flow; the income approach and the total return approach. The … Continue reading

Stretch IRAs Under Attack…Again

The Administration’s 2016 budget calls for the death of the Stretch IRA, once again. The Stretch IRA is an estate planning tactic that provides a lifetime payout for the beneficiary of an IRA, potentially  “stretching” the proceeds across multiple beneficiaries … Continue reading