6 Signs That Your Finances Are In Good Shape
How well off do you think you are financially? If your career or life takes an unexpected turn, would your finances hold up? What do you think will become of the money you’ve made and saved when you are gone? These are major questions, and most people can’t answer them as quickly as they would…
Read MoreWhy Clients Want An Independent Financial Advisor
Times have changed – and so have financial advisors. Today, people don’t want financial advice from a salesman. Instead, they want a relationship with a financial professional who is candid, trustworthy and thoroughly educated, and who provides personalized financial consulting for each client. That search often leads them to a fee-based or fee-only financial advisor…
Read MoreTop Retirement Myths
Generalizations about money & retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few of the top retirement myths. “When I’m retired, I won’t really have to invest anymore.” Many people see retirement as an end instead of a beginning – a finish line…
Read MoreEconomic Update 09/02/14
WHY DID CONSUMER SPENDING DECLINE IN JULY? Last month’s 0.1% dip surprised analysts. In inflation-adjusted terms, the Commerce Department measured the pullback at 0.2%. Household confidence, though, continues to increase. The University of Michigan’s consumer sentiment index finished August at 82.5, up from 81.8 at the end of July and refuting the Wall Street Journal…
Read MoreRetirement and Social Security for Women
Will this be your future? Did you know that 30% of American women age 65 and older rely on Social Security for 90% or more of their incomes? Did you know that SSI represents virtually the only source of income for 36% of unmarried, divorced or widowed American women who are 65 and older? As…
Read MoreMoney and Taxes After Marriage
When you tie the knot, your financial lives will change. Marriage is one of those life events that can really affect your money and tax situation. If you are about to wed, here are a couple of things you’ll want to consider when it comes to taxes and household cash flow. You can now elect…
Read MoreEcomonic Update 08/25/14
A GAIN IN EXISTING HOME SALES In its July report, the National Association of Realtors recorded a 2.4% monthly increase in existing home sales. The good news from July took the annualized sales pace up to 5.15 million. According to the Census Bureau, July also saw a 15.7% leap in housing starts and an 8.1%…
Read MoreEconomic Update 08/18/14
RETAIL SALES COOL OFF IN JULY They were flat according to the Commerce Department, with core retail sales (excluding food, car, gasoline and home improvement purchases) up just 0.1%. Economists polled by Reuters believed overall retail sales would advance 0.2% last month. Is this a signal that Q3 growth won’t come near Q2 growth? It…
Read MoreAdjusting to Retirement – Make the Transition to Life After Work
If you have saved and invested consistently for retirement, you may find yourself ready to leave work on your terms – with abundant free time, new opportunities, and wonderful adventures ahead of you. The thing to keep in mind is that the reality of your retirement may not always correspond to your conception of retirement.…
Read MoreTax Smart Investing
How many of us save and invest with an eye on tax implications? Not that many of us, according to a recent survey from Russell Investments (the global asset manager overseeing the Russell 2000). In the opening quarter of 2014, Russell polled financial services professionals and asked them how many of their clients had inquired…
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