What Method Should You Choose to Pay Off Your Debt? “10 percent of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett Getting rid of a debt at any time is a great idea. After all, carrying a heavy debt is known to cause various psychological […]
What are investments?
An investment is something that you put money into with the expectation of earning a profit. For example, you might buy shares of ownership in a company. If the company does well, the value of the stock will go up, and you can sell it for more than you paid.
Learn more about investing from our financial advisors below.
Retirement is a time of life to look forward to, but understanding the associated tax obligations regarding retirement income can be intimidating. This blog will take you through the basics of retirement tax obligations, analyzing the different types of retirement income and potential strategies for reducing taxes owed. As always, consult your tax and retirement […]
Confusing information about selecting life insurance is normal. The reality is that there is never one type of anything that fits every situation. For example, would you like to see your barber or hairdresser and have the same haircut as the man or woman before you? When in a restaurant, is there only one option […]
There’s no denying that retirement planning is a complex topic. There are many moving parts and pieces to consider, from Social Security and Medicare to investment strategy and estate planning. It can be difficult to know where to start or even where to turn for help. An excellent way to ensure that you are making […]
Open Enrollment (AEP) is around the corner, and for 44 million enrolled beneficiaries (1), this becomes a time to take advantage to see what changes are coming up and possibly change plans. And roughly 3 million Americans (2) will be turning 65 every year and enroll for the first time. Medicare for those first […]
Cost of living adjustments (COLAs) are meant to help ensure that Social Security benefits keep up with inflation. However, several factors can affect how well COLAs actually achieve this goal. One issue is the way that inflation is measured. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is the most commonly […]
Annuities have long had a place in money management and estate planning. During the Middle Ages, feudal barons and kings issued annuities to cover the high costs of near-constant warfare or reward their loyal soldiers. Over the years, annuities have evolved and have been used for many reasons. Income, savings, and safety are reasons annuities […]
“In today’s insane economic environment, it’s easy to be lured into risking your savings by chasing after returns. If you’re close to retirement, keep calm and focus on your long-term objectives.” – Tim Davis If you’re a few years from retirement, you’ve lived long enough to know there is a tradeoff between risk and reward. For […]
Learn how to identify and recognize phishing scams Simply ask for it. That’s the easiest way for an identity thief to steal your personal information. People fall victim to phishing scams daily through emails, texts, or phone calls and mistakenly turn over important data. In turn, cybercriminals try to use that data to file fraudulent […]
“The best time to start planning your retirement is probably the day you get your first paycheck.” Jeff Kennedy If you’re like most people, planning retirement when you believe you have 15 or 20 years of work left feels a bit premature. However, earlier is almost always better when planning for the end of your […]