Are you safe in the hands of financial advisors?

By |2019-08-09T18:35:12+00:00August 9th, 2019|Categories: Financial, Financial Advisors, Investment|Tags: |

Did you know?If you hire a brand-name advisor, they are most likely accountable to the shareholders of their company. That means they need to focus on generating profits. So they may put the company’s interests in front of yours. In fact, it’s perfectly legal. Is that common?Is it common for brand-name advisors to put the company’s [...]

Kids learn their money values from you. Have the hard conversations with them.

By |2019-06-21T16:06:33+00:00June 21st, 2019|Categories: Financial, Investment|Tags: , |

unsplash-logoSharon McCutcheon Money conversations can be hard. Have them anyway. If you really want your children to have good financial habits in the future, you can't afford to not talk to them about money now. While it's best to start when children are young, remember, it's never too late to get the conversation started. Even if [...]

Act before year end to minimize your tax burden.

By |2018-12-10T14:01:52+00:00December 10th, 2018|Categories: Financial, Financial Advisors, Investment, Taxes|Tags: |

Photo by rawpixel on Unsplash Some people think they can wait until March to worry about taxes.  Wrong. The end of the year is a perfect time to make some last-minute efforts to reduce your tax burden. Advice this year is a little different, as no one is quite sure what 2019 will bring from a tax [...]

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Tired of Tossing & Turning? Know Your Risk Tolerance

By |2018-11-05T17:00:35+00:00November 5th, 2018|Categories: Financial, Financial Advisors, Investment, Risk Tolerance|

Photo by elizabeth lies on Unsplash All investments carry a tradeoff between risk and return—generally, the higher the risk, the higher the potential return—or loss. Conversely, the lower the risk, the lower the potential return or loss. The goal is to find the right level of risk that provides the returns you need, while [...]

3 Ways Investment Fees Matter

By |2018-04-23T18:40:38+00:00May 18th, 2017|Categories: Financial, Financial Advisors, Investment|

The year 2005 was when I first began to manage client’s investments. The ensuing few years afforded me the false pretense that I had a grasp of things. Then it hit, the S&P 500 declined (53.0%) from October 15, 2007 to March 2, 2009. And (38.0%) of that loss occurred in one calendar year, 2008. Since [...]

Should You Pay off Your Mortgage?

By |2018-04-23T18:04:59+00:00May 18th, 2017|Categories: Financial, Financial Advisors, Investment|

To pay or not to pay…that is the question. It sounds good, right? Pay off the mortgage and suddenly you have no more monthly payments, better cash flow, and the opportunity to make other investments. After all, buying home is an investment, but owning a home is the American Dream. Right? Maybe…maybe not. While owning a [...]

Is a Living Trust Right For You?

By |2019-10-16T18:05:05+00:00August 19th, 2016|Categories: Financial, Investment|

A living trust – or a will?  Can you get by with a will only, or do you need more? You see the ads all the time: “Should you have a living trust?”  There is no pat answer.  The fact is, the more complex your estate, the more your need for estate planning – and [...]

Taking A Loan From Your Retirement Plan = Bad Idea

By |2018-04-23T18:08:28+00:00August 12th, 2016|Categories: Financial, Financial Advisors, Investment|

Thinking about borrowing money from your 401(k), 403(b), or 457 account?  Think twice about that, because these loans are not only risky but injurious to your retirement planning. A loan of this kind damages your retirement savings prospects.  A 401(k), 403(b), or 457 should never be viewed like a savings or checking account.  When you withdraw [...]

Will Your Children Receive a Fair Share of Your Wealth?

By |2018-04-23T18:09:23+00:00August 5th, 2016|Categories: Financial, Financial Advisors, Investment|

Will your invested assets go where you want them to when you die? If you have a proper will or estate plan in place, you will likely answer “yes” to both of those questions.  The beneficiary forms you filled out years ago for your IRA, your workplace retirement plan, and your life insurance policy may give [...]

Can I Name A Minor As My Beneficiary?

By |2018-04-23T18:10:35+00:00July 29th, 2016|Categories: Financial, Financial Advisors, Investment|

Naming a minor as beneficiary brings up a major concern.  If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not directly transfer to a minor.  They need to be received by a court-approved property guardian, [...]