Planning for Diminished Financial Capacity
Planning for Diminished Financial Capacity According to the SEC, “’Diminished financial capacity’ is a term used to describe a decline in a person’s ability to manage money and financial assets to serve his or her best interests, including the inability to understand the consequences of investment decisions.”1 Of all the things we plan for, it’s […]
Continue reading ›How to Keep Your Cool During Financial Turmoil with Mindfulness and Other Strategies
How to Keep Your Cool During Financial Turmoil with Mindfulness and Other Strategies It’s common to find yourself feeling anxious during turbulent financial times. However, controlling these feelings is crucial to avoiding emotionally-driven financial mistakes. In this article, we’ll explore some simple strategies to navigate today’s volatile times with less stress. 1. Break the Habit of Constantly […]
Continue reading ›Tax Loss Harvesting: How to Find a Silver Lining in Declining Markets
Tax Loss Harvesting: How to Find a Silver Lining in Declining Markets When the stock market is experiencing a rough patch, it’s easy to feel negative about your investments. In reality, you’re getting some great opportunities. One opportunity is buying stocks on sale if you continue regularly putting money in the market. Another is the chance to turn […]
Continue reading ›Q1 2022 Passionate Investor
Q4 2021 Market Review and Commentary Market Review* Equity markets generally outperformed fixed-incom e markets with the S&P 500 falling 4.60% (including dividends) and the Barclay’s Capital U.S. Aggregate Bond index falling 5.93%. Small caps underperformed large cap stocks (S&P 500) as the Russell 2000 small cap stock index returned -7.53%. Value outperformed Growth during […]
Continue reading ›Retirement Planning: Our Best Tips for Finding Your “Forever” Home
Retirement Planning: Our Best Tips for Finding Your “Forever” Home What comes to mind when you hear the term retirement planning? Probably determining how you will pay for your final decades on the planet. What is not often discussed is where you’re going to live those decades out. But this is arguably almost as important […]
Continue reading ›Financial Planning Rules of Thumb: Do These Old Guidelines Actually Work?
Financial Planning Rules of Thumb: Do These Old Guidelines Actually Work? The money world is full of financial planning “rules of thumb” that are supposed to make retirement planning easier. You’ve probably heard of some of these: The 4% Rule for withdrawing from your retirement nest egg The 60/40 Rule for splitting investments between stocks […]
Continue reading ›What Should You Look for in a Financial Advisor?
What Should You Look for in a Financial Advisor? If you’re serious about securing your financial future, you are likely considering the help of a financial advisor (or are already working with one). Without that critical relationship, it’s too easy to make mistakes or ignore a blind spot that can derail your plans. There’s simply too much at stake to go it alone. But here’s the key: it has to be the right financial […]
Continue reading ›Understanding Medicare
Understanding Medicare Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD). With Medicare, you have options in how you get your coverage. Once you enroll, you’ll need to […]
Continue reading ›Long-Term Care Planning Facts
Top 10 Facts to Know About Long-Term Care Planning! November is National Long-Term Care Awareness Month, an event recognized by Congress and a number of States. To mark the occasion, here are 10 interesting facts shared by the American Association for Long-Term Care Insurance. # 1 – Americans are living longer, in large part due […]
Continue reading ›Health Savings Account
About Health Savings Accounts Have you ever considered the potential benefits of contributing to a Health Savings Account (HSA)? Here is your guide! A Health savings account is medical savings account with tax advantages for high deductible health plans. Did you know half of older Americans said they don’t know how they will pay […]
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