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Friday, March 15, 2024

Yes, even if you are a business owner or self-employed, you can receive Social Security benefits as long as you have been paying Social Security tax each year. The Social Security Administration defines you as self-employed if you...

Friday, March 15, 2024

April marks Stress Awareness Month, which provides a great opportunity to shed light on a topic often overlooked in the world of high-net-worth investors, which is mental health. For anyone who is used to managing substantial wealth,...

Friday, March 15, 2024

Often, there is a misconception that seeking financial help indicates incompetence or lack of financial self-sufficiency. However, seeking help is the exact opposite. High-performing individuals who excel in their respective fields...

Friday, March 15, 2024

If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in...

Thursday, February 8, 2024

Establishing and managing credit is a crucial aspect of financial well-being, and confidence in this realm may help you unlock a broad range of future opportunities. Here are five empowering ways to help you build credit confidence.

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Thursday, February 8, 2024

Today, there are an estimated 12.3 million women-owned businesses. To give that some context, approximately 43% of entrepreneurs worldwide are women. A study conducted by Fidelity Investments showed that women are often less prepared.

Thursday, February 8, 2024

While women are sometimes considered to be more reluctant to invest than their male counterparts, when they do invest, they tend to outperform males and often get a greater overall return.

Thursday, February 8, 2024

Wealth preservation is essential for high-net-worth (HNW) individuals, but it warrants a gender-specific focus, too. Particularly for HNW women, understanding the complexities of wealth preservation is crucial.

Wednesday, January 31, 2024

ROTH IRAs are good retirement savings accounts. While you can't deduct contributions to a Roth IRA now, the beauty of these accounts is that earnings inside the account grow tax-deferred! Payouts of earnings after age 59 ½ are...

Monday, January 29, 2024

With the New Year comes updated insights to 2024.  The following summarizes the key economic pointers that may affect investors this year. “Setting the Stage:”  Financial markets start 2024 with a solid...

Thursday, January 25, 2024

Diversification mitigates the potential for unsavory pitfalls while offering a variety of suitable outcomes. In this article, we explore portfolio diversification by using concepts related to chocolate to make it more understandable.

Thursday, January 25, 2024

Retiring early as a couple is a goal shared by many, and if planned comprehensively, it may provide opportunities for travel, passion projects, and more quality time together. Retiring simultaneously can bring many benefits.

Thursday, January 25, 2024

The newest generation of upcoming retirees is facing a more unique and prominent dilemma than past generations have experienced: caring for family members at the same time they’re preparing for retirement.

Wednesday, January 24, 2024

Wealth transfer is more than just a financial transaction; it's an opportunity for families to pass on their values, wisdom, and a legacy of love. Navigating this process requires careful consideration & open communication.

Friday, December 15, 2023

Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to...

Friday, December 15, 2023

The landscape of retirement finance is often complex, and the latest revisions to the rules governing Required Minimum Distributions (RMDs) underscore this point. With the introduction of the Secure 2.0 Act, investors must adapt to new...

Friday, December 15, 2023

Tax season is just around the corner – now is a good time to start doubling down and check everything in your account is correct so there is less chance of any hiccups when filing. Start With Your Income Statements The best tools...

Friday, December 15, 2023

When it comes to financial bad habits, the most common are also well known — don’t spend too much, don’t take on unsustainable debt, and avoid living paycheck to paycheck. But what happens once you’ve...

Friday, December 15, 2023

Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth...

Tuesday, November 21, 2023

As the end of the year approaches, investors need to focus on tax-related considerations, particularly regarding capital gains. Year-end tax planning can help investors manage their overall tax liability while seeking to manage...

Tuesday, November 21, 2023

Women have been givers since ancient times. They often give with their heart and soul to support projects that improve society. In our modern times, successful women are now finding themselves in positions that allow them to become...

Tuesday, November 21, 2023

The holiday season is a time of generosity, kindness, good cheer, presents, food, family, and fun. In Dr. Seuss’s classic story, How the Grinch Stole Christmas, The Grinch was intent on ruining, well, all of it. He would...

Tuesday, November 21, 2023

A David Letterman-inspired Top 10 List from your financial professional Make Your Year Matter Well, if you’re like me, you will be thankful to make it through another holiday season, with at least most of your sanity left. For me...

Thursday, October 19, 2023

When it comes to saving for retirement, women may have extra challenges, even those with a higher-than-average income. For retirement planning, CNBC reports that women save less than men. The pandemic worsened matters, with more than 2...

Thursday, October 19, 2023

As we approach the last quarter of each year, it is a good time to plan for the next one. Year-end planning is especially important for existing retirees and those hoping to retire in the next few years. There are tax and income...

Thursday, October 19, 2023

It is no secret that women are less likely than men to apply for jobs that they see as long shots—indeed, one recent survey indicated that more than a quarter of women are unwilling to apply for any job where they have less than...

Thursday, October 19, 2023

Happy Thanksgiving everyone! In honor of the holiday, I wanted to share with you all one of my favorite recipes - my grandma's apple pie.   Ingredients: - 1 double pie crust - 9 cups thinly sliced, peeled, and cored apples (Granny...

Thursday, October 19, 2023

Charitable giving is an excellent way for businesses to help others while taking advantage of additional tax breaks. Billions of dollars are given each year in the U.S. to a wide range of charities providing valuable community services...

Sunday, October 1, 2023

For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your spending after the..

Sunday, October 1, 2023

The National Women's Business Council estimates that there are more than 13 million women-owned businesses in the U.S., generating nearly $2 trillion in annual revenue.1  To aid in these impressive efforts, many governmental and...

Sunday, October 1, 2023

You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing. The adage "you can't save your way to wealth" is simplistic, but has a kernel of truth; putting your money...

Sunday, October 1, 2023

Small businesses face many problems related to their size, capital, and capability, and for women-owned small businesses, the challenge is sometimes even greater. The good news is there are many professional organizations out there...

Friday, September 22, 2023

Pew Research Center Estimate of U.S. adults in 2020 over age 59 were living alone, and that number is growing every day as baby boomers Age. The good news is there are many resources available to seniors. Unfortunately, those living...

Monday, August 28, 2023

Obtaining a life insurance policy is part of being an adult. But it’s also something that you can easily neglect, especially if you obtained it earlier in adulthood. You should review it when you reach these milestones.

Monday, August 28, 2023

One of the main concerns about retirement is health care. As healthcare costs continue to rise, medical bills may derail your retirement plan. Though navigating Medicare is a little tricky, these tips can make the process less daunting.

Monday, August 28, 2023

Many women in leadership positions continue to see success despite challenges women face when striving for equality in the workplace. Here are some strategies for claiming a place at the table.

Monday, August 28, 2023

A “good day” starts with positive thinking. A negative mindset translates into bad thoughts that will adversely affect our mood. An optimistic mindset can be easily achieved.

Friday, July 28, 2023

Your incoming college freshman student is raring to start, and all the dorm gear has been ordered or is already boxed up and ready for move-in day.   A new laptop, printer and smartphone, not to mention him special and linens, the...

Friday, July 28, 2023

529 plan savings is one of the best ways to save for education. The contributions go in after taxes but grow tax deferred until withdrawn. When funds are withdrawn for qualified expenses, they are tax-free.   The downside, if...

Friday, July 28, 2023

Because of retirement-related federal legislation passed in the last few years, many individuals are considering converting some or all their traditional IRAs to Roth IRAs. One major reason is that most beneficiaries of traditional...

Thursday, July 27, 2023

Pat shares valuable lessons for young adults, kids, and teenagers who are working a summer job.

Thursday, July 27, 2023

 More than one million kids have joined the workforce this summer – many holding down a job for the first time. Many jobs well-suited for teens and young adults – better than minimum wage salary, requiring little or...

Wednesday, July 26, 2023

Despite promising figures, the pathway to financial access and stability is still rocky for America's women business owners. We dig into this topic for women entrepreneurs.

Wednesday, July 26, 2023

The demand for community living and estate planning services may increase over the next few decades. Do you know what arrangements you need to make when the time comes? What are the differences between elder law and estate planning?

Wednesday, July 26, 2023

Kids and adults are going back to school, and paying for it can feel like climbing up an unending hill. The earlier you start saving, the easier it will be to pay for college. Here are some college planning tips.

Wednesday, July 26, 2023

Making investing possible for your children, nieces, nephews and other loved ones may be the key to improving their financial future. Here are a few ways to help your children develop good habits regarding saving and investing.

Saturday, July 1, 2023

In retirement, it is sometimes necessary to create new social connections and a new social network, especially if you relied on work for your socialization.

Saturday, July 1, 2023

Most U.S. citizens and legal residents must have qualifying health insurance or face a penalty tax. Yet the cost of medical care is soaring higher every year, and it's becoming increasingly difficult to pay medical costs out of pocket.

Saturday, July 1, 2023

As more women have children later in life and more parents live longer, the ranks of the sandwich generation are likely to grow.

Saturday, July 1, 2023

Financial freedom is essential to being financially secure and meeting your goals. Here are ten tips.

Friday, June 2, 2023

The S&P 500 has been parked in a trading range around 4,100 for six weeks now. The Cboe Validity (VIX) is stuck at 17 except on the days that the shorts make a run at the west coast banking stocks. The 10-year U.S. Treasury yield has...

Wednesday, March 22, 2023

Devastating Effects of Long-term CareWe plan for a lot of “what if questions” such as the cost of a new roof, replacing a car in five years or even the death of a loved one. Nothing can be more devastating than the impacts...

Wednesday, March 15, 2023

The negative headlines for Credit Suisse continued this morning, when they really need to stay out of the spotlight and rebuild some credibility.  Unfortunately, situations like this can fast become self-fulfilling and every...

Friday, March 10, 2023

Managing money is a concern for all.  At some point, we must begin paying for such thins as rent/mortgages, buying food, while we start earning an income.  It's never too early or too late to start implementing money...

Monday, February 27, 2023

We wanted to take a minute to highlight our LPL Research team in their latest edition of LPL Market Signals that we find hits many key points to consider in the ever-changing market climate.Some key points include:Despite the recent...

Wednesday, February 1, 2023

Many of my clients have heard my speech on the two basic ways to save for college: “Do you want flexibility or control?” Flexibility:  The Uniform Transfers/Gift to Minors Act (UTMA/UGMA) which is a savings...

Thursday, January 19, 2023

In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement.The law is called SECURE 2.0, and it's a follow-up to...

Monday, October 24, 2022

Today our LPL Research team has highlighted the recession discussion in it's weekly market commentary (link provided below).Here's some key points to consider:If the economy enters a recession, the causes and potential outcome will be...

Tuesday, September 27, 2022

When my son graduated from UVA about 20 years ago, I shook the President’s hand and I said, “this handshake cost me $40,000.” Today the cost is closer $120,000 to $160,000. And I can get into the debate on loan...

Friday, September 23, 2022

This week in the market has been tough, even for the most seasoned investor.  The never-ending “noise” we’re hearing on the news doesn’t bring much positivity, despite us moving into cooler weather and the...

Monday, September 19, 2022

An IRA – it’s great retirement savings but remember how an IRA works: one receives a tax break now on the investment but must pay the taxes on the total amount invested plus all its earnings later when your money is...

Thursday, August 4, 2022

We've been keeping a close watch on financial news this past week, and there has been a lot to cover – let's review some of the highlights.Indicators we are continuing to watch…The Fed raised short-term rates by 0.75%,...

Wednesday, July 6, 2022

Equities have been sliding since the beginning of the year as markets come to terms with the twin dragons of higher inflation and rising interest rates plus supply chain problems. For June, a capitulation move appears on the way with...

Wednesday, June 22, 2022

The following information is provided by Jeff Buchbinder, Certified Financial Analyst (CFA) and Equity Strategist at LPL financial research:A bear market is officially here thanks largely to stubbornly high inflation. For many of us,...

Monday, June 13, 2022

It's not surprising with all the news to find we are experiencing major market corrections after three years of unprecedented growth between 2019 through 2021. Our expectations were elevated to unreal expectations that burst at the...

Friday, May 27, 2022

Even elite athletes need rest days to stay healthy. Sometimes financial markets need to reset from record-setting performance, too. Here’s what you need to know about bear, or down, markets.1.  Watch for 20%: Market...

Wednesday, May 25, 2022

THE ECONOMY & MARKETAs of May 25, 2022 While it’s no surprise with all the news, the market is volatile this year. However, the economy is healthy and that’s the key to moving forward. Expect...

Tuesday, May 3, 2022

Monday, January 31, 2022

Monday, December 6, 2021

Thursday, November 18, 2021

With the holidays JUST around the corner, we wanted to send out a few useful tips for online shopping; especially with the ongoing rise in cyber criminal activity infiltrating our computers. There are days that savvy shoppers look...

Monday, October 11, 2021

Quantitative Easing (QE) is the Fed buying bonds to keep interest rates down and provide the economy with liquidity to continue doing business given impacts of Covid – 19 to businesses. Vaccines offer hope to the market for...

Monday, June 14, 2021

There seems to be a debate regarding inflation at-the-moment. Investors with optimism believe the Fed’s assessment of current inflation concerns is transitory while those that are pessimistic believe inflation will run rampant....

Friday, April 30, 2021

Most parents and grandparents know about the 529 educational accounts to help pay for school expenses. However, tax advantaged ABLE accounts are a relatively new investment option to help special needs children. Let's take a look at...

Wednesday, December 16, 2020

NEW LAW END STRETCH IRAs First, what is a STRETCH IRA? Simply it allows the beneficiary of an IRA to take a required minimum distribution (RMD) over the beneficiary’s lifetime. The value is continued tax-free growth which can...

Monday, November 2, 2020

Not surprising the market uncertainty is expected given the outcome of both the upcoming Senate and Presidential election tomorrow due to the uncertainty over future governmental policies. The polls are suggesting the Senate outcome is...

Wednesday, September 2, 2020

The presidential election will be upon us in two months. Investors are analyzing possible November outcomes. Based on the past election history (no guarantee), outcomes on the stock market annual rates of return suggest the market does...

Thursday, August 6, 2020

We hope this blog finds you well. According to a Kaiser Family Foundation Study in 2017, only 27% of American adults have completed a Living Will. These days, we've all been facing an unprecedented global crisis with COVID-19. Now,...

Thursday, May 28, 2020

Given the economic impacts brought on by COVID – 19, we feel it's especially important to be proactive with our spending and cash savings to reduce the impact of lower income from becoming disastrous. The following are some ideas...

Friday, May 8, 2020

None of us like to see our portfolios decline in value. Market volatility is unsettling and can rattle even the most disciplined of us. We've discussed that logically you know your financial plan asset’s mix should be adjusted...

Monday, May 4, 2020

I hope this finds everyone well and that you, your family is safe. Karen and I have been fielding many calls during this pandemic as we've stated in previous emails, however I wanted to post some reminders for us all....especially the...

Thursday, November 29, 2018

Recently a 74 year old man, who has an 82 year old wife asked me “How can my wife and I stay home when we need long term care?” Although it is his desire to remain in his home, I told him he would need to plan for things...

Wednesday, October 31, 2018