What Is The Best Age To Retire?

Many professionals agree that a financially comfortable retirement will require retirees to have an income somewhere between 70 and 80 percent of their pre-retirement income. For most individuals this will require multiple sources of income during retirement years such as: savings, investments, pensions, and Social Security. Although the average retiree’s Social Security will only replace about 40 percent of their pre-retirement income, the person’s age when they retire can make a huge difference in the size of their monthly benefit check. Read more

Market Corrections Are No Reason To Panic

The speed at which stock prices have bounced from one direction to the other so far in 2014 has created a rather volatile scene.  In just the first 11 trading days of April, the S&P 500 initially gained 1.0% to a new all-time high, then lost 2.4%, gained 1.5%, lost 3.0% and gained 1.5%.  And that was one of the more stable market indices.  The net result of these moves is a 1.6% decline in the S&P 500 through April 15.  Read more

A Guide to Basic Estate Planning Documents

We are often asked about estate planning when discussing investments, retirement, and financial planning.  While estate planning should always be done through an attorney that specializes in this field, we thought it might be beneficial to discuss a basic guide that might help give some structure to the discussion.  Making provisions for what happens after your passing is a task you may find unpleasant and wish to avoid. While this is understandable, such avoidance can cause a great deal of pain and confusion for your heirs. Read more

Investing Like a Smart Shopper

You’re a pro at getting the most for your money. You know the difference between quality and junk, and you scour the shelves for great products. As financial coaches to our clients, we strive to help them follow similar principals when selecting investments. Here are a few investment strategies that we employ to help our clients become ‘smarter shoppers’.
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Can The Housing Recovery Continue?

The real estate sector has been one of the strongest pillars of the economic recovery. Low interest rates and major intervention from policymakers gave home buyers added incentives to purchase a home and sellers have benefited from rising prices and low housing inventories. Home sales have increased a cumulative 20 percent over the last two years and median home prices are up an average of 18 percent nationwide, according to recent data by the National Association of Realtors (NAR).  Read more

Preventing Identity Theft

As you may be aware, identity theft is a growing problem that’s affecting more and more people everyday. Identity theft occurs when a thief uses personal information like your name, Social Security number, or credit card number to commit fraud or other crimes. According to FTC estimates, as many as 9 million Americans have their identities stolen each year.  Read more

9 Investment Pitfalls High Net-Worth Investors Should Avoid

Few words better characterize today’s financial markets than uncertainty. We believe investors need to adjust their expectations in order to adapt to the road ahead. It seems to be the nature of today’s markets to subject investors to sharp price fluctuations and confusing global events that test emotional fortitude at every turn. Experience has taught us that successful investing requires discipline and the patient execution of a long-term strategy, most especially when it is emotionally difficult; in fact, that is usually the time when opportunities are greatest. Read more

Choosing A Financial Advisor: What To Know Before You Invest

Choosing a financial advisor may be one of the most important financial decisions that you will ever make. The person you decide to work with will be in a position to influence critical investment and planning decisions, and the quality of his or her advice could heavily influence your long-term financial success. Whether you are preparing for retirement, planning an estate, selling a business or handling a wide range of complex financial matters, having the right advisor relationships in place is vital. Here are some areas you may want to consider before selecting a financial professional. Read more