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 […]
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.
You can’t turn on the TV or the Radio or look at a newspaper these days without hearing the expression “Fake News” thrown at someone or an institution. A long, emotional explanation usually follows this as to why that specific institution or person is not being honest in what they are saying or doing. Why […]
Inflation poses a severe threat to all Americans and can cause profound damage to your retirement savings. As of June, the inflation rate in the US was a whopping 9.1%, the highest it’s been since 1981. During times of high inflation, the price of goods and services skyrocket, including the cost of college tuition, healthcare, […]
As the cost of living continues to rise, people are increasingly looking for ways to reduce their taxable income. According to a recent survey, nearly 60% of Americans say they would be willing to invest in tax-saving strategies if they knew how. This suggests a significant amount of interest in reducing one’s tax burden. While […]
When you look into your crystal ball, where do you want to be in 10 years? Do you plan to be retired? Still working at a job you love or hate? The bigger question is: WILL you have enough money in retirement and is your retirement account sustainable?
I get asked this question a lot. “What is an Annuity?” Most people I talk to when it comes to retirement planning either do not understand annuities or have heard much negative press regarding annuities. I feel the simplest way to explain what an annuity is and why they play a significant role in any […]
A cognitive bias refers to how our experiences and preferences distort our judgments and decisions. For example, when deciding whether to buy a new car, we might focus on the positive aspects of the vehicle (the safety features, the comfortable seats) and downplay the negative aspects (the high price tag, the small trunk). This tendency […]
“While I’m definitely not as strong as Stallone, I do know how to keep my clients from falling off a cliff.” Lawrence Castillo You might remember the 1993 movie Cliffhanger with Sylvester Stallone and Janine Turner. While the movie was pretty pedestrian action thriller fare, it did have an unforgettable opening sequence that left me […]
“When it seems as if the sky is falling, those who remain calm and focused on the long-term goals will come out ahead.” Jim Fish As a financial services professional, I walk a delicate tightrope. On the one hand, I am genuinely optimistic about the future, even in the face of a possible recession. On […]
Everyone’s retirement plan is different, but one common goal is to have enough to live comfortably after you stop working. However, a recession could erode retirement savings and undermine a person’s retirement plan. During a recession, stock prices may become very volatile, leading to losses in a 401(k) or other retirement accounts. Also, job losses […]