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Get real....in our New Financial World!
Get real…in our new financial world! “You can’t handle the truth. You want me on that wall!” Jack Nicholson A Few Good Men Inflation. War. Higher interest payments. Higher tax payments. Lower...
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Change in Investment Return Expectations, may Impact Your Future Decisions. Why 3% is the New 4%
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Portfolio Rebalancing
Portfolio Rebalancing Portfolio rebalancing is the process of adjusting a portfolio allocation back to a pre-determined asset allocation. For example, let’s assume you and your advisor have determined you are best suited for a...
Read MoreRWM 2021 1st Quarter Commentary & Update
Asset Management 2020 was a dramatic year of recovery from the depths of the COVID-19 declines in March. Political drama is somewhat behind us but the market may express some volatility around new administration policies, increasing...
Read MoreRWM 2020 4th Quarter Commentary & Update
Asset Management Market returns are now positive for the year, but, with dramatic differences between sectors and different types of individual securities. We suspect the stock market will go through periods of volatility, (especially...
Read MoreThe Bucket Theory: A Smart Way to Manage Cash Flows
If you are currently, or up to 3-5 years away from, withdrawing your retirement savings, the time-based bucket theory may be a good fit for you. As you shift from wealth accumulation to wealth distribution, you need a strategic plan to...
Read MoreRWM 2020 2nd Quarter Commentary & Update
Asset Management Financial markets have recovered surprisingly well from the depths of the Bear Market in March. However, all stock market indexes except NADAQ are still in negative territory year-to-date. We suspect the stock market...
Read MoreYour Tax Return, The Key to After-Tax Wealth
What is your biggest budget expense item? For most of our clients the answer is…Income Tax! What can we do about it? - Plan ahead! The best time to start income tax planning is when you have last year’s completed return....
Read MoreTax Loss Harvesting...Why?...How?
Why do we worry about paying too much income tax? For many, taxes are our largest expense! It seems like there are two ways to approach tax-planning: Do nothing. Send in your numbers. Pay your tax Proactively plan. Try to get an edge...
Read MoreCARES Act Highlights
The coronavirus pandemic has affected virtually every facet of American life and severely impacted the markets and economy. Congress and the federal government have acted to help individuals and businesses get through this difficult...
Read MoreFinancial and Economic Commentary: April 2020
Economic and Financial Commentary: April 2020 Given the fluctuations in the global markets over the last month we thought it would be helpful to remind everyone the principles behind investing and the iterative process that we work...
Read MoreUnderstanding Your Credit Report
Your Credit Report Your credit report contains information about your past and present credit transactions. It's used primarily by potential lenders to evaluate your creditworthiness. So if you're about to apply for credit, especially...
Read MoreEstimating Your Retirement Income Needs
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement...
Read MoreFinancial Basics for Millennials
With age comes responsibility, so if you're a young adult in your 20s or 30s, chances are you've been introduced to the realities of adulthood. While you’re excited by all the opportunities life has to offer, you’re also...
Read MoreHow Can I Figure Out My Net Worth?
Answer: To figure out your net worth, add up the current value of all of your assets, then add up the current amount of all of your liabilities. Subtract your total liabilities from your total assets. The amount you end up with is your...
Read MoreFamous People Who Failed to Plan Properly
It's almost impossible to overstate the importance of taking the time to plan your estate. Nevertheless, it's surprising how many American adults haven't done so. You might think that those who are rich and famous would be way ahead of...
Read MoreEnd of the Year Planning Reminder
Is your financial house in order? The end of the year is approaching and it's a great time to take steps that can help improve your personal finances. Some items to consider: If you're not retired, review your contributions to...
Read MoreThe ABC's of Financial Aid
It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his...
Read MoreTeach Your Children Well: Basic Financial Education
Teach Your Children Well: Basic Financial Education Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship...
Read MoreWomen: Moving Forward Financially after the Loss of a Spouse
Women Moving Forward Financially after the Loss of a Spouse The loss of a spouse can be a devastating, life-changing event. Due to longer life expectancies, women are more likely to face this situation. Becoming a widow at any age can...
Read MoreSpending Awareness...an Alternative to Budgeting
When we discuss base lifestyle spending assumptions with clients, most people take a stab at coming up with a number, but there is a wide degree of error and inconsistency. My recommendation is to become aware of what you spend by...
Read MoreBecause I contribute to my employer-sponsored retirement plan, can I also con-tribute to an IRA?
Your contributions to your employer-sponsored retirement savings plan may still enable you to open or contribute to either a Roth or traditional individual retirement account (IRA). However, your (or your spouse’s) participation...
Read MoreHousing Options for Older Individuals
Housing Options for Older Individuals: As you grow older, your housing needs may change. Maybe you'll get tired of doing yardwork. You might want to retire in sunny Florida or live close to your grandchildren in Illinois. Perhaps...
Read MoreThe Bucket Theory: A Smart Way to Manage Your Money
If you are currently, or up to 3-5 years away from, withdrawing your retirement savings, the time-based bucket theory may be a good fit for you. As you shift from wealth accumulation to wealth distribution, you need a strategic plan to...
Read MoreCan I roll my traditional 401(k) account balance over to a Roth IRA?
Yes, you can make a direct or 60-day rollover from a 401(k)plan [or other qualified plan, 403(b) plan, or governmental 457(b) plan] to a Roth IRA, as long as you meet certain requirements.* First, you must be entitled to a distribution...
Read MoreThe Health-Wealth Connection
It's a vicious cycle: Money is one of the greatest causes of stress, prolonged stress can lead to serious health issues, and health issues often result in yet more financial struggles.¹ The clear connection between health and...
Read MoreHow to Become a Money-Smart Kid!
Do you have a child between the ages of 6-13? Read on for the facts to learn more about where money comes from, how to earn it, how to make it grow – and how to save for the things you want today or for bigger items in the future...
Read MoreA Woman's Guide to Health Care in Retirement
At any age, health care is a priority. But when you retire, you should probably focus more on health care than ever before. This is especially true for women. For adults aged 65 and over, and for adults aged 65-74 and 75-84, women were...
Read MorePlan your financial world with strong hands
Would you rather have weak hands or strong hands? Most people would answer strong hands. Why would I want hands that had issues functioning and were weak? I couldn’t open doors, or type or cook! This analogy has been used in the...
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