Broker Check

Blog

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.

Tuesday, May 21, 2019

Over the last couple of weeks, we've had some new developments in the global economy and those developments can have a large impact on how the world market functions and performs. Australia Australia recently had an election to select...

 

Tuesday, May 14, 2019

Owing people and/or organizations money isn’t fun. Sometimes it’s necessary, sometimes it’s an accident, and sometimes it’s just poor decisions. If your debt gets too far out of hand and you feel like...

 

Tuesday, May 7, 2019

When you’re estate planning, there is but one goal. To make sure that you and your family are as prepared as possible. One way to do that is to have everyone on the same page. To go through your plan, let them know what they can...

 

Tuesday, April 30, 2019

We’re ending Financial Literacy Month with a piece about how to teach your kids about money. What could be more important than teaching your children valuable lessons? Now, money isn’t everything (more on that later), but...

 

Tuesday, April 23, 2019

Mistakes. They are next to impossible to avoid. This can be a good thing, however, it helps you grow as a person, and hopefully, you learn from these mistakes early before it becomes too costly. Here are some common money mistakes that...

 

Show All

Tuesday, April 16, 2019

We’ve covered bull markets and bear markets before. We’ve talked about the investments that can be utilized to your advantage during each. Are there certain lessons we can take away from bull markets? From bear markets?...

 

Tuesday, April 9, 2019

Do you know everything that goes into planning for retirement? How will you coordinate your various income streams? What will your expenses be? Are you prepared if you pass away or go into a nursing home? We’ll explore the...

 

Tuesday, April 2, 2019

After the correction in December, we’ve been on a tear with the S&P shooting up over 20%. What is the landscape telling us now? Where are we headed in the next few years and why? Here are some things about the market that’s...

 

Tuesday, March 26, 2019

Diversification is one of the most important tools in the investor’s tool belt. It prevents those investors from putting all of their eggs into one basket. It could also help minimize the odds of your whole portfolio losing value...

 

Tuesday, March 19, 2019

Do you want to know why all of the financial/investment advice to follow should fit on an index card? Because that’s all you need. The advice you need to succeed in your financial life is not complex and is not that difficult to...

 

Tuesday, March 12, 2019

Managing all the things life throws at you is tough on its own, but add to that managing your finances, no wonder we’re all stressed and sleep-deprived. Sometimes, it can be beneficial to hire an expert. In this article,...

 

Tuesday, March 5, 2019

April is Financial Literacy month. Before we got there, I wanted to create a post about what makes up financial literacy and why it’s important. Financial Literacy Being financially literate means you have the knowledge and the...

 

Tuesday, February 26, 2019

Saving for retirement is a lot of work. At the start, that big number you're shooting for seems unreachable. To illustrate what it’s like saving for retirement, I’ll associate it with buying a home. Big undertaking Like...

 

Tuesday, February 19, 2019

CDs, I think, have dropped in popularity over recent years, but they do serve a purpose. In this post, we are going to explain what a CD is, the different types of CDs, their characteristics, and when they are most commonly used. What...

 

Tuesday, February 12, 2019

I was on Quora the other day and I stumbled across a question which read, “Should I invest all of my money in an S&P 500 index fund?”My immediate answer was and still is no. For two reasons. The vast majority of individuals...

 

Tuesday, February 5, 2019

Investing. Tough by itself. Retirement. That's also tough by itself. What happens if you put the two together? How do you invest during retirement? What factors are at play?You’ll learn about that and more in the article below....

 

Tuesday, January 29, 2019

I honestly don’t know what to think, and that’s what I’m planning for. There’s far too much uncertainty about the stock market and the global economy to have any sense of where we are headed and where we will be...

 

Tuesday, January 22, 2019

There are certain things in your financial life you should pay special attention to. Setting goals, tracking expenses, saving, and investing are just a few items on that list. In this post, we'll explore all the building blocks that...

 

Tuesday, January 15, 2019

Debt is a huge problem in our country and the statistics certainly show that. Credit card debt is on the rise, auto loans are at a record high, and student loan debt is also at a record high. That said, we need to get this under...

 

Tuesday, January 8, 2019

We need a solution If nothing is done, the Social Security we know now won’t exist in 20 years. That’s not to say that Social Security won’t be around or that people will stop receiving benefits; it’s to say...

 

Tuesday, January 1, 2019

Goals play an integral part in our life. Without them, you have nothing to work towards and nothing to compare your progress to. But it's more than just setting the goal. You have the drive and the tenacity to stick with it. How do you...

 

Tuesday, December 25, 2018

The holiday season! It's a wonderful time of year filled with love, togetherness, and a lot of spending! The average person will spend at least $794 this year. Here are some tips on how to reduce the financial burden this season has on...

 

Tuesday, December 18, 2018

Goals play an integral part in our lives. Without them, we don’t have anything to work towards. We have nothing to strive for. This is even more clear in your financial life. But how does one create a goal? More importantly, what...

 

Tuesday, December 11, 2018

I wrote a couple of articles a while back that had to do with investing for the long-term and taking on too much risk. That said, the current environment has me thinking. Being in my position gives me a unique ability to see how each...

 

Tuesday, December 4, 2018

The focus on income inequality is more prevalent now more than ever. Politics aside, people in the 1% experience some of the same financial struggles that the average American has. Some of them have difficulty saving, investing, and...

 

Tuesday, November 27, 2018

Saving for retirement is vital and most Americans are a far cry from where they need to be. You’ve heard all the scary statistics, like 70% of the country can’t afford a $1,000 emergency, or the median 60-year-old has less...

 

Tuesday, November 20, 2018

Good news! Retirement plan contributions are going up. Here are retirement accounts that are increasing and how much they are increasing.401k/403b/457 The annual contribution limit for 2019 is going up from $18,500 to $19,000. The...

 

Tuesday, November 13, 2018

Budgets. They are incredibly important. Not so fun fact, only 26% of households keep and stick to a budget (Source). I believe there are two reasons. They either don't know how or don't want to adjust their lifestyle. In this article,...

 

Tuesday, November 6, 2018

Refinancing. Is a personal financial decision. The decision to do it should be made using long-term thinking. What are the circumstances to when you should refinance and how do you do it? When There are many different reasons for...

 

Tuesday, October 30, 2018

Grim topic, I know. But it’s absolutely one worth discussing. The process of locating, organizing, and distributing your assets after you pass away is long, and it can also be expensive and very taxing to the people you left...

 

Monday, October 22, 2018

Progress can be difficult to achieve. Even if you believe you are making improvements, how can you be sure? There is but one way. Your net worth. By calculating it and tracking it, you are able to see, in a snapshot, if you are making...

 

Tuesday, October 16, 2018

After high school, the next step is rarely entering the workforce, but instead, it's going to college. One problem, college is expensive. In a span of thirty years, one year of tuition at a public four-year university has gone from $3...

 

Tuesday, October 9, 2018

There are more than 44 million Americans that have student loans with debt totaling $1.5 trillion. It's a problem. The best way to figure out and reduce that problem is to pay those loans back.There are many different types of...

 

Tuesday, October 2, 2018

Credit cards are a very popular financial tool that many of us use every day. There is a problem, however. When people don’t know the ins and outs of credit cards they can get into trouble. This is especially true for people with...

 

Tuesday, September 25, 2018

This is a guide to the retirement plan options available to businesses, business owners, and individuals. There isn't any fluff. It's the characteristics or each plan, the numbers, and the rules. The "table of contents" below will give...

 

Tuesday, September 18, 2018

Conventional advice tells you that, for retirement, you need $1 million to $1.5 million saved, or that you need 10 to 12 times your current annual salary. For example, if you make $100,000 per year, you’ll need $1 million to $1.2...

 

Tuesday, September 11, 2018

Investment risk doesn’t apply to only a select few investments, it applies to everything because every investment has its own sets of risk. Do you know what they are? Are there ways to avoid them, or at least limit how they...

 

Tuesday, September 4, 2018

A credit card, like a hammer, is a tool in your financial tool belt. If you use it carefully and responsibly, it may help improve your financial life. But how do you use a credit card effectively? Are there certain rules I should...

 

Tuesday, August 28, 2018

Wealth, what is it? In a sense, it’s your net worth. Net worth is your assets minus your liabilities. For a comfortable retirement, you’ll want to see that number tick upwards over the course of your working career. But how...

 

Tuesday, August 21, 2018

Saving money and cutting expenses is only one part of being financially healthy, but it’s a big one. If you save money you have more to invest and grow for your future. But how do you save money? Here’s a good list of ways...

 

Tuesday, August 14, 2018

Investing is an important part of your financial life. What’s more important is investing for the long-term.With a long time horizon, you have the ability to ignore short-term market volatility and you have the ability to let...

 

Tuesday, August 7, 2018

What does financial health mean? Roughly, it’s how your financial landscape looks in accordance with your age and time horizon. A financially healthy life would be one with little to no debt, an emergency fund, and a retirement...

 

Tuesday, July 31, 2018

Estate planning is a very important step in the financial planning process.What does it mean, what are the steps, and what’s the most effective way to plan?Let’s dive into these questions in this estate planning guide.Click...

 

Tuesday, July 24, 2018

College is expensive. You have to pay for school, and you have to pay for food, clothes, and a place to live. There are a variety of ways to help alleviate the cost of a college education, however. Let’s explore some of them....

 

Tuesday, July 17, 2018

This may sound pretty obvious, but fees can really hurt your retirement savings. That said, what is an appropriate fee to be charged? Where are those fees coming from? Is a financial advisor worth the cost? In this article, I provide...

 

Tuesday, July 10, 2018

Tariff. It’s a word that you’ve probably hear a lot lately, but do you know what it means, how it’s applied, and how it’ll affect you? What is a tariff? In its most basic form, a tariff is a tax on goods...

 

Tuesday, July 3, 2018

Nowadays, health insurance and the medical care you receive is expensive. There are some products available to help you with those expenses, however. Enter in the HSA and the FSA. These two products are making it easier for consumers...

 

Tuesday, June 26, 2018

Insurance can take many forms, but one of the most important and often most overlooked is life insurance. If you have a family or anyone that relies on you to support them, you need life insurance. Even if you don’t have a family...

 

Tuesday, June 19, 2018

Debt, if used poorly, can have a very negative effect on your health, your finances, and your future. Do you know the kinds of debt that are available to you? Do you know how debt can affect your life? Knowing the answers to these two...

 

Tuesday, June 12, 2018

How many of you have had an unplanned expense recently? How much was it $500? $1,000? Unplanned expenses are anything but, unplanned. Sure, we don’t know when they will occur, but they will occur. Being able to “plan”...

 

Tuesday, June 5, 2018

Long-term care is an ugly subject to discuss. Nobody wants to think about these types of situations playing out, but it's definitely something you need to talk about with your family. Before you can do that, though, you need the facts....

 

Tuesday, May 29, 2018

26% of American adults have no savings and 36% of American adults have no retirement savings. (Source) This is a scary statistic, but the truth of the matter is that not everyone can save for retirement. However, there are ways, even...

 

Tuesday, May 22, 2018

There are many things to look forward to in retirement, including time and money to spend on your own terms. However, you need to thoroughly plan for how your money is spent and where it is spent. These looming questions...

 

Tuesday, May 15, 2018

Did you know that the most common age people begin receiving Social Security is 62? Did you also know that taking your Social Security early can reduce your monthly benefit by as much as 25%? So why do people take it early and what is...

 

Tuesday, May 8, 2018

The money you save and invest is just that, yours. So how you invest should be tailored to your specific risk tolerance and time horizon. But what does that mean? In this post, I will expand on risk tolerance and time horizon.

 

Tuesday, May 1, 2018

With all the recent talk about interest rates, employment, and volatility, I thought I would clear some things up. Is an increase in interest rates good or bad? Is full employment good or bad? Is high-volatility good or bad? Let's find...

 

Tuesday, April 24, 2018

Planning and saving for retirement can be very challenging. Over the last six weeks, we've gone over ways to plan and save for retirement in each decade of life up to the 70s. Though each decade did have their unique differences and...

 

Tuesday, April 17, 2018

By the time you reach 70, about 80% of Americans have retired. That said, your income will be or has been reduced because you aren't working anymore. You will have to take some necessary steps to ensure that the money you have saved to...

 

Tuesday, April 10, 2018

For most people, your 60s is the decade in which you retire. You've worked your butt off for the past 40 years or more, and you're probably looking forward to kicking back and relaxing in retirement. But are you ready? The median...

 

Tuesday, April 3, 2018

Next step in our series. We've reached the 50s. At this point in life, a lot of you will be empty nesters. Kids are off to college or through college and starting their lives. Though this is sad, it probably frees up some money and...

 

Tuesday, March 27, 2018

Planning and saving for retirement is important at any age. However, your 40s bring about new challenges that can derail your plans. At this point in your life, you are probably married with some kids. Those kids are probably getting...

 

Tuesday, March 20, 2018

Your 30s bring about significant changes in your life. Odds are you are now married or in a committed relationship, and you probably have kids or are at least thinking about it. Along with a person to share your life with and a child...

 

Tuesday, March 13, 2018

Retirement is an important goal that all of us have in common. No matter what age, this is an achievement after decades in the labor force. That said, planning for retirement comes with different goals and different challenges. For...

 

Tuesday, March 6, 2018

Retiring out of state is one thing, but could you retire in a completely different country? You may be surprised at the advantages and disadvantages. Retiring abroad can be incredibly affordable, but you may have to do without many of...

 

Tuesday, February 27, 2018

Where you retire could be as important as when you retire. I covered it briefly here, but we need to dive deeper into this. One of the more popular thoughts about where to retire is retiring out of state, with Florida being the common...

 

Tuesday, February 20, 2018

Over the past few weeks, I’ve written a lot about retirement and what you can do to get yourself ready for it. These posts have focused on the financial side of retirement, but there is much more to it than money. In...

 

Tuesday, February 13, 2018

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...

 

Tuesday, February 6, 2018

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...

 

Tuesday, January 30, 2018

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...

 

Tuesday, January 23, 2018

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...

 

Tuesday, January 16, 2018

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...

 

Tuesday, January 9, 2018

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...

 

Tuesday, January 2, 2018

Happy New Year! It’s time to review our finances and figure out how we can make them better in 2018. In this post we will give focus to retirement savings. No matter what stage your finances are in, there is always something you...

 

Tuesday, December 26, 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...

 

Tuesday, December 19, 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...

 

Tuesday, December 12, 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....

 

Tuesday, December 5, 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...

 

Tuesday, November 28, 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...

 

Tuesday, November 21, 2017

With numerous wildfires 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...

 

Tuesday, November 14, 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,...

 

Tuesday, November 7, 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...

 

Tuesday, October 31, 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...

 

Tuesday, October 24, 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...

 

Tuesday, October 17, 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...

 

Tuesday, October 10, 2017

Investing can be challenging, though I have the opinion that if you keep your strategy simple and invest with a long-term mindset, you should be okay. However, to take advantage of different market conditions and possibly enhance your...

 

Tuesday, October 3, 2017

What has been the best performing asset class over the last 100 years? Stocks. Though this is true, it’s important for you to understand the nature of a stock, as well as the different kinds. We’ll explore just that in this...

 

Tuesday, September 26, 2017

A large portion of being a successful investor has to do with creating a plan and being able to stick to that plan, no matter what. There is also a portion that has to do with being able to adapt in changing economic environments. I...

 

Tuesday, September 19, 2017

In the world of investing, there are many different types of products and vehicles available. One of those products is a bond. Bonds have their own set of advantages and disadvantages, however. In this article, we’ll explore what...