You probably have heard that the Dow Jones Industrial Average topped 20,000 for the first time on January 25, 2017. When a popular index, like the Dow is on a tear, up or down, what does it really mean to you and your investments? What Is an Index? First, let’s define what an index is.…
DetailsYou are about to retire – things are going to change. Do you need a financial planner to have a successful retirement?
DetailsWould you rather have a guaranteed $10,000 today, or the opportunity to earn anywhere from $5000 to $20,000 over the next twelve months? Are you willing to risk a sure thing for the opportunity for more? Your answer to that question should be dependent upon two factors: your tolerance for risk and your ability or…
DetailsNow that the election is behind us, it is safe to say that Trump’s victory was unexpected. Just like the Brexit vote back in June, his victory raised more questions than it answered. It has created an atmosphere of uncertainty and markets typically respond to uncertainty with heighted volatility. So what does this mean for…
DetailsAn Investment Policy Statement (IPS) is a document designed to establish a clear understanding between an Investor and an Advisor as to the goals and management policies applicable to the Investor’s investment portfolio. It clearly articulates the responsibilities of both parties. An IPS will document the following: The client’s current financial situation;The client’s objectives for…
DetailsEvidence suggests that one’s ability and willingness to save is the greatest predictor of long-term wealth and ultimate financial independence. Therefore, it is never too early to teach your children to save. Now, this will not be an easy feat – after all, as human beings, we prefer instant gratification, especially children.
DetailsAnnuities are complicated products that often cause much confusion for annuity owners, let alone their beneficiaries. There can be significant tax consequences associated with the inheritance of an annuity held in a non-qualified account that can substantially impact the total dollars received by a non-spouse beneficiary. If you are the beneficiary of an annuity, there…
DetailsNo matter the age of your children, whether they are toddlers or even adults themselves, being a parent is not easy. Neither is being an investor. Ironically, the rules for succeeding at both – parenting and investing – are quite similar.
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As financial advisors, people rely on us to provide direction regarding their financial well-being. Confusion can arise when the advice that we offer is not consistent with the news headlines, the “promising” strategies, the “surefire” bets and the sophisticated products being touted by the media. While we are always open to learning about potential opportunities…
DetailsFor those you who are on Medicare or who will be eligible for Medicare in 2017, the costs of Part B premiums may be substantially higher than they were in 2016. The issue, which also arose in 2015 and affected 2016 Medicare premiums has to do with what is called the Hold Harmless Rule. This…
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