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What’s on our mind? You can read about it in our blog. Whether it’s ideas from the investment services world or concepts from the financial industry, you can read about it here. And once in a while, we may throw in a movie review or some other surprise. So keep checking in. We’re glad to have you reading along.

Wednesday, December 6, 2017

How much should you save for retirement? This question, as well as when should I retire and when should I start Social Security are probably the top questions regarding retirement. Knowing how much you need gives you a very clear...

 

Wednesday, November 29, 2017

Income during Retirement 11-29-17 You just finished your last shift. You have worked for 30+ years and hopefully, get to spend the next 30+ living the good life. Retiring can be a difficult decision for a lot of people. Others...

 

Wednesday, November 22, 2017

Social Security FAQs Social Security is a vital program in our society. It supports people with qualifying disabilities and supplements income for retired persons. There are, however, challenging concepts and subtle nuances about...

 

Wednesday, November 15, 2017

During retirement, most of us will receive our income from a variety of places. Some of us will receive pensions. Many of us will receive/generate income from our retirement savings. Most or all of us will receive some benefits via...

 

Wednesday, November 8, 2017

The question about when you should retire can be a difficult one to answer. You may love what you do and choose to never retire. On the flip side, you could hate what you do and decide to retire early. There is also the possibility...

 

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Wednesday, November 1, 2017

Retirement is around the corner. You have saved for decades using retirement plans and have also paid into a system for decades known as Social Security. During retirement, everyone treats Social Security differently. Some people...

 

Wednesday, October 25, 2017

When retirement gets closer, you often think about a couple of things. How’s my health? Have I saved enough money? Should we move to a smaller home? Regarding retirement and life in general, these are all very important questions...

 

Wednesday, October 18, 2017

Your credit score could be the single most important number in your life. Your credit score will have an impact on most parts of your life, including, but not limited to, where you live, where you work, and what you drive. Improving...

 

Wednesday, October 11, 2017

Being the biggest purchase most people will ever make, buying a home is a very big step. Owning a home, however, is not for everyone. There are several items that should be taken into account when figuring out if you can buy a home....

 

Wednesday, October 4, 2017

When it comes to having people in your corner, there are a couple of professions you should spend a significant amount of time researching. The three I think of, in no particular order, are your doctor, your insurance agent, your...

 

Wednesday, September 20, 2017

There are many things that contribute to your financial success, including making a plan, sticking to that plan, and avoiding any big mistakes along the way. Most often, you find financial success long after your journey began and each...

 

Wednesday, September 20, 2017

With numerous wild fires on the west coast and two hurricanes drilling the south over the last month, it’s fair to say nature is unforgiving.It is also unpredictable. Yes, hurricanes generally happen around the same time every...

 

Wednesday, September 13, 2017

Credit cards, like any financial instrument in society, have a purpose. That purpose will vary from person to person but usually revolve around a select few: making purchases with money you don’t have, building your credit...

 

Wednesday, September 6, 2017

The question of how much money you should save is a very frequent topic among financial professionals. The standard answer is to use the budget 50/30/20. This says that 50% of your income should be used for necessities like rent, food,...

 

Wednesday, August 30, 2017

When you are saving your money, you need a place to put it. You can’t tuck it under your mattress, so it needs to go to an institution designed for holding money. That can either be a bank or a credit union. They share many...

 

Wednesday, August 23, 2017

Continuing our path to financial literacy, this week’s topic is about bank accounts. However, banks are not the only institutions that offer these types of accounts; you can also get them at credit unions and other financial...

 

Wednesday, August 16, 2017

Last week’s post I talked about the poor state of financial literacy in this country. This week’s post will cover one of the most basics parts of finance, your paycheck stub. There is a difference between your wage x hours...

 

Wednesday, August 9, 2017

When I do research for my blog posts, I try to read from many different sources to get various perspectives. When doing research for this post, however, I found some frightening facts. The level of financial literacy in the United...

 

Wednesday, August 2, 2017

No matter where you are in your life, there are always ways to improve your finances. Below are some tips on how to do just that. Set Goals This should be your first priority. By setting goals, you give yourself something to work for...

 

Tuesday, July 25, 2017

Debt is a four letter word that can take many different forms. It can credit card debt, an auto loan, a mortgage, school loan, as well as many others. Debt, sometimes a necessity, can also be a nuisance when it comes to your total...

 

Wednesday, July 19, 2017

The home buying process is both exciting and nerve-racking. You want to become a homeowner, but you want everything to go smoothly and you certainly don’t want to make a mistake. There are certain things you should do while in...

 

Wednesday, July 12, 2017

Millennials, also known as Generation Y, is the generation born between 1982 and 2004. Most of us (I am also a Millennial) have graduated college and have started a career. There are also some who probably have started families. There...

 

Wednesday, July 5, 2017

For many, retirement seems like a time in the future they will never reach. For others, it seems right around the corner. Whether you’re facing one year or many, there are things you need to do to prepare for this new stage in...

 

Wednesday, June 28, 2017

Next week is one of the most historic and well celebrated days in our country’s history. On July 4th we commemorate the day the United States of America declared independence. With the celebration comes a potentially large bill....

 

Wednesday, June 21, 2017

After decades in the labor force, you are finally ready to retire. Now that you are here, you must switch your mentality from saving to spending. For most, this change is difficult and will take time to get used to. From there, you...

 

Wednesday, June 14, 2017

Most of the time when people think of investments, they think of two things: stocks and bonds. Last week I discussed stocks and this week will be bonds. Bonds are debt issued by a business or a government. With stocks, the share holder...

 

Wednesday, June 7, 2017

In last week’s post I talked about the different types of investments. This week I will start explaining some of those investments, starting with stocks. A stock is a form of ownership in a company. When a business wants to raise...

 

Wednesday, May 31, 2017

In the world of investing, there is more than just stocks and bonds. There are additional types of investments, such as commodities or real estate. When you buy a common stock you are buying a piece of a company. Some of the more...

 

Wednesday, May 24, 2017

In recent news we saw Apple (APPL) passed the $800 billion mark in market capitalization. Based on that metric, that makes it the most valuable company in the world. But what is market capitalization, more commonly known as market cap?...

 

Wednesday, May 17, 2017

When you start investing, there are several options as to where to invest. You can buy stocks or bonds of a specific company or you can buy a fund that holds several different types of stocks or bonds. There are three types of funds:...

 

Wednesday, May 10, 2017

In the stock market, you have many different options where to invest. There are thousands of stocks spread across different company sizes, regions, and sectors. In this post I am going to discuss the different sectors and their...

 

Wednesday, May 3, 2017

With the market near all time highs, I feel it necessary to discuss bull markets. A bull market is essentially a market that is continually increasing. The bull market we are experiencing now is the second longest in history. It has...

 

Wednesday, April 19, 2017

With the stock markets near all time highs and several thousand pounds of bombs being dropped over the last week, I feel it is fitting to talk about bear markets. What is it? A bear market occurs when the stock market has fallen 20% or...

 

Monday, April 10, 2017

Diversification is a popular tool to manage risk when investing. Selecting various types of investments helps avoid putting “all of your eggs in one basket.” Below is an example to help explain. In an economy there are...

 

Sunday, March 26, 2017

I am pleased to announce that my wife, Katie, and I are expecting. Our baby is due at the end of August or the beginning of September, depending on when he/she decides to come out. After a period of excitement and getting a little plan...

 

Monday, March 13, 2017

The 401(k) is currently the most popular retirement vehicle used for businesses and corporations. There is a version of the 401(k) that is very beneficial for the business owner, without hurting employee’s ability to save for...

 

Wednesday, March 1, 2017

Last post I spoke about how to choose a retirement plan. That post and the ones prior were directed towards for-profit businesses. What if you have a non-profit or work at a public institution? What are your options? The 403(b), also...

 

Wednesday, February 15, 2017

In the past two months, I have explained the advantages, disadvantages and features of five different types of retirement plans: traditional and Roth IRA, 401(k), SIMPLE IRA, and SEP IRA. These are probably the most popular retirement...

 

Wednesday, February 1, 2017

There were two items from this week that could have an impact on consumers; the proposed 20% tariff on goods imported from Mexico and President Trump pulling the remaining Affordable Healthcare Ads for the last week of open enrollment....

 

Thursday, January 26, 2017

The last few blog posts, we have focused on retirement accounts. Specifically, retirement accounts applicable to businesses, big and small. We will continue this concept and discuss SEP IRA plans. What Is It? SEP IRA is short for...

 

Sunday, January 22, 2017

On Friday, Donald Trump was officially sworn in as our 45th President. He has said he will get right to work and “hit the ground running.” With all of his proposed policies, there are a few that could have a significant...

 

Tuesday, January 17, 2017

Last post detailed interest rates in lieu of the SIMPLE IRAs I had originally planned. This time I will resume the schedule and inform you about these IRAs. What Are Simple IRAs? The SIMPLE IRA is a retirement plan used for small...

 

Monday, December 19, 2016

This post was meant to be about Simple IRAs, but I chose instead to reflect on the Federal Reserve’s (FED) decision to raise interest rates for the second time this year and how these increases will affect the market. The Economy...

 

Thursday, December 8, 2016

As far retirement plans go, the 401(k) is the leader of the pack. Due to their favorable amenities, regulations, and the dramatic decrease of the employee pension, the 401(k) has quickly become the most widely used method of saving for...

 

Wednesday, November 16, 2016

In my last blog post I discussed whether Social Security will be around in the future. I concluded that post by referencing some products and services at our disposal to assist with retirement income needs. In this post I'll review...

 

Sunday, October 23, 2016

With the United States Presidential Election just around the corner, there is one area of concern that both candidates need to address — Social Security. The first question I commonly hear regarding Social Security (SS) is, "Is...

 

Tuesday, July 5, 2016

There are two scenarios where lack of planning and communication regarding inheritances can create discourse – not receiving an expected inheritance and receiving an unexpected inheritance. Although both situations can cause...

 

Tuesday, June 14, 2016

Births, deaths, marriages, divorces – important events and people change throughout your life. Have your beneficiary designations changed accordingly? Your insurance policies, pension plans, individual retirement plans, annuities...

 

Tuesday, May 31, 2016

Probate can be costly and time consuming. We’ll show you a few potential ways to save. When Elvis Presley died, his estate was worth more than $10 million dollars1. Then it went through probate. After appraisal costs, legal fees,...

 

Wednesday, May 18, 2016

Try to avoid reacting emotionally when the markets are turbulent. Experiencing market volatility is a normal part of investing in stocks. Still, when the market goes down, it’s natural to feel apprehensive and wonder how long the...

 

Thursday, May 5, 2016

Withdrawing savings from an IRA is one option to pay for college tuition. But is it a good idea? Are you faced with the dilemma of having to save for your own retirement while at the same time trying to put money aside to fund your...

 

Tuesday, April 19, 2016

Retirement can mean the beginning of a new life. Here are a few common dangers to avoid. Retirement planning is a tricky process, and one that requires careful planning and patience. But even if you have a retirement plan and a clear...

 

Wednesday, April 6, 2016

Making sure you have a will and a financial power of attorney are two crucial steps in the estate planning process. Deciding how you want to be remembered after you’re gone can be one of the most important decisions you make. Do you...

 

Wednesday, March 23, 2016

When it comes to your employer sponsored 401(k) plan, knowing your options goes a long way in helping make better decisions. If you are exploring your career options or perhaps planning ahead towards retirement, here are some options...

 

Sunday, January 10, 2016

Last month the Federal Reserve (FED) raised interest rates for the first time in almost 10 years. Leading up to and following the interest rate increase, the stock market has been very volatile. Interest rates increases along with...

 

Monday, January 4, 2016

Congratulations on making it through 2015! This past year we experienced global tragedies, the start of a long presidential race, a large decline in oil and gas prices, and a very volatile stock market. Now is the time to get a plan in...

 

Sunday, December 20, 2015

It’s that time of year again. The time of office parties, dinners, and the gathering of family and friends. And we can't leave out the giving and receiving of presents. Depending on your particular situation, you could end up spending...

 

Monday, November 9, 2015

There are very few things in our country that have as significant impact on our financial status as interest rates. How high or low interest rates are could have an extraordinary impact on what we are able to afford and how efficiently...

 

Friday, August 21, 2015

A Bear Couple Days In two days time the market has declined about 6%. The Dow Jones Industrial Average (DJIA) specifically has dropped just about 900 points. Now when the market goes down this much, it can put the investing public in a...