If you’ve received a letter or phone call about your financial advisor retiring, you may be scratching your head, thinking, “What do I do next?” For the last several years, the number of financial advisors has steadily been decreasing. In 2008, there were roughly 325,000 financial advisors. By 2014, that number decreased to roughly 285,000.
It’s an age-old question when it comes to retirement accounts. Should I use a ROTH or a Traditional IRA? Both are great vehicles to prepare for retirement. However, neither are ALWAYS a perfect fit for everyone. Let me break them down a little further to help you understand the differences and when you might want to choose one over the other.
If you enjoy roller coasters, then perhaps you’ve enjoyed the last twelve months of the stock market. On the other hand, if you’re like many others, then watching the seesaw of events affect your portfolio could be causing you some sleepless nights. With the volatility associated with COVID and the feeling that the stock market could tank at any time, now may be a great time to check your personal risk tolerance. Read more
If retiring early is a goal you hope to achieve, you are not alone. The FIRE (financial independence/retire early) movement is growing at a rapid pace; and why not with markets hitting all-time highs? However, have you really examined whether retiring at or near the peak of a bull market is the wisest decision? What will it mean for your portfolio if the market crashes? Maybe not as much as you would think with some expert planning. Read more
One of the most joyful life-changing games and events for a couple’s financial plan is the birth of their very first child. However, you will learn quickly that “kids ain’t cheap!” In this article, we will give you my suggestions for great money moves for first-time parents like yourselves. Read more
Recently, one particular client was looking for someone to help them reach their goals before retirement. With a seven-figure portfolio, he has done quite well for himself. But he was now interviewing for help from a few brokers in town, and us. They decided to go with another firm. Read more
Who do you suppose you are to your financial advisor? Chances are you are less a person than a “type”. Read more
Gambling on purchasing a new washer when you see the latest price drop may make you a winner when it comes to saving money on a new appliance. However, when it comes to investing, that strategy, active trading or day trading, may not be your best option for winning. Some financial advisors can give a great sales pitch on why you should buy and sell securities for short periods of time. Basically, you are buying and selling stocks on a regular basis. The goal is to take advantage of short-term movements in price on investments that are in higher demand. More often than not though, active trading and the perils surrounding it will not increase your bottom line. Read more
If you’re looking for real estate investing tips, you’ve come to the right place. I have personally owned investment real estate for years. With that comes the good, the bad and the ugly and I’m not talking about the movie. If you’re like me, learning more real estate investing tips is a must so you can be a better investor. So before you launch into the world of real estate investing, here are a few items you’ll want to consider. Read more