News

4
Nov

Social Security 2020: Increasing Taxes, Payments, and the Full Retirement Age

Social Security Retirement benefits are set to increase by 1.6% in 2020. A modest 1.6% increase adds an extra $24 per month to for the average retired worker’s retirement check. Retired couples will see their combined benefits grow to $40 per month. This cost of living (COLA) increase is one of the smallest over the past twenty years. It will help offset 2020’s increasing Medicare Part B and Part D premiums.
However, the most significant changes happening to Social Security retirement in 2020 will be the increasing social security payroll taxes (FICA) for workers and the increasing age for full retirement benefits. Here’s what you need to know:

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28
Oct

Tax Planning and Your Investments

‘Tax planning’ is left to federally-authorized tax practitioners. They prepare tax returns and defend clients pursuing relief from federal agencies for their own tax payments. They also dispute tax payment errors. Financial advisors don’t provide tax advice. They provide information on the tax consequences of specific investments they sell or recommend to clients. This type of advice is within the scope of financial planning. Some financial advisors are CPAs (Certified Public Accountants) or have the CFP (Certified Financial Planner) designation and can prepare tax returns for their clients.

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21
Oct

Media Hype Exposure: Limit During a Recessionary Period

Keeping yourself removed from recent media reports on, stock market performance, political issues, and other ‘news-worthy’ stories might be best. Media hype exposure can negatively impact the American public and their investment decisions. During the last recessionary period, the media’s reporting caused widespread panic as millions of Americans. Many chose to liquidate their accounts out of fear of ‘losing their money.’

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14
Oct

The Legitimate Value of Financial Advice

The financial advice industry has changed for advisors with a fiduciary financial planning emphasis in their practice.  These advisors have chosen process over product for the benefit of their clients. Additionally, new regulations, technology-enabled efficiencies, and fee compressions will continue to influence the advice industry. They could ultimately lead to higher client satisfaction and asset growth through relationship management.  No longer is relationship management considered merely customer service; it has evolved into a crucial element of each client’s experience.

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7
Oct

Wealth Preservation in America: Portfolios Including Alternative Types of Investment

After the financial crisis, many Americans re-examined how and why they were investing. It was clear to many investors that have all of their wealth tied to the stock market proved to be more destructive than having alternative investments. This period was unfortunate if an investor needed to liquidate their investments during a low-valuation period and were only invested in intangible investments in the public markets. However, there were investors, the High Net worth (HNW) investors, which fared better than the others. In this article, we examine a wealth preservation technique utilized by many portfolios.

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27
Sep

Is A Fixed Income Annuity Right for You?

In today’s low-interest-rate environment, there are fewer fixed income alternatives for retirees seeking income. With rates on traditional staples such as CDs and money market accounts at or near all-time lows. Fixed-income annuities are an alternative to consider for retirees seeking income and safety. The issuing insurance companies back the claims-paying ability of all annuities. Once thought of as only a standalone retirement income solution, a fixed-income annuity is now commonly recognized as one of many components of a retirement portfolio.  

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28
Aug

Uninsurable? Guaranteed Issue Life Insurance may be for You

For people that have been diagnosed with a terminal illness or are in poor health, the idea of not having life insurance when needing it can be unsettling. For others who have a chemical dependency or have had one in the past, guaranteed issue life insurance (GI life) ignores the health risk of the dependence and provides the death benefit to their beneficiaries after the two-year waiting period. With other types of life insurance, the health risks the individuals face would be an automatic decline for coverage. Guaranteed issue life insurance may be the only life insurance available to these individuals.

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9
Jul

Sizzlin’ Summer Series: PART 3

What does Summer remind you of? Maybe it’s the feeling of jumping into a cool pool after a day in the summer heat, or maybe it’s the sound of the ice cream truck as you are bolting out the door with whatever change you could get your hands on. From lazy days in air conditioning to random road trips and more; summer is full of memories, and more importantly, financial choices.

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7
Jun

Sizzlin’ Summer Series: PART 2

The official start of Summer – June 21st – is right around the corner. As we cruise into part two or our Sizzlin’ Summer Series, we will make a splash with the best cities to retire in 2019. Here come the Top 4 cities to retire.

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13
May

Sizzlin’ Summer Series: PART 1

This last winter was one for the books. With record snowfall, rain, and cold temperatures, it’s safe to say that most of us are ready for warmer weather. What better way to celebrate the onset of sunshine and warm temps than with a three-part newsletter series to help you enjoy Summer! In this month’s newsletter, we will dive into the top 3 places to travel, based on the Summer months:

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