Financial Planning

Your Bank Might Be Ripping You Off

By |2019-03-28T16:40:19-04:00March 28th, 2019|Financial Planning|

One quick glance at the interest rate your bank is paying on your hard-earned savings account balance and you'll turn green. Even though the Federal Reserve has been raising benchmark interest rates for the past three years, the big banks have not followed suit. They are the biggest beneficiaries of the Fed’s rate hikes, allowing [...]

Spousal vs Survivor Social Security Benefits

By |2019-03-26T12:58:58-04:00March 15th, 2019|Financial Planning|

With more than 200 ways to claim Social Security benefits, discovering what’s best for you can be a challenge. And for two benefits, in particular, there has been a lot of confusion—spousal benefits and survivor benefits. In fact, an internal audit of the Social Security Administration found that 82% of SSA representatives were giving incorrect [...]

Should You Name A Trust As An IRA Beneficiary?

By |2019-03-12T12:37:33-04:00March 12th, 2019|Financial Planning|

When naming a beneficiary for your IRA the number one choice is a spouse, a child, or a relative. There’s something in our DNA that wants to make sure our money stays in the family if possible, and that’s certainly understandable. But if you’re looking at the bigger picture, the financial planning picture, you may [...]

8 Dangerous Retirement Myths

By |2019-03-07T12:39:24-04:00March 7th, 2019|Financial Planning|

“I can’t wait to retire!” Have those words ever come out of your mouth? Oh, the thought of divorcing that demanding, unreasonable boss; doing what you want when you want; burning all the bridges you never intend to cross again. It’s the payoff for all those years of hard work. Unfortunately, the retirement dream we’ve [...]

The Pizza Portfolio

By |2019-02-21T11:52:43-04:00February 21st, 2019|Financial Planning|

You’ve heard the old adage that what you don’t know won’t hurt you. Well, in the investing world that is 100% pure Bovine Scatology! You may be the owner of a portfolio constructed on a foundation of ooey-gooey pizza. Before joining the Registered Investment Advisor side of the financial industry, I spent almost 20 years [...]

10 Mistakes That Can Sabotage Your Retirement Savings

By |2019-02-20T12:18:05-04:00February 20th, 2019|Financial Planning|

According to a Gallup poll, 51% of nonretired Americans don’t think they will have enough money to live comfortably in retirement. Retired Americans are more confident, with 78% saying that they have enough money to live comfortably. However, wherever you are on the spectrum, no matter if you are just starting to save for retirement [...]