The Baby Boomer generation is estimated to pass on at least $30 trillion in wealth to what we call the rising generation: members of generation X and millennials. When asked, 80% of adults plan to transfer their wealth but only 45% have a plan in place. It is never too early to begin your wealth […]
The increasing cost of healthcare is a concern for workers of all ages. Each year healthcare becomes more expensive, meaning a larger portion of retirement savings will be spent on health related costs. A health savings account, commonly referred to as an HSA, is a tax-advantaged account that can be used to pay for medical […]
The Internet allows us to access unlimited sources of information and to even invest online at a low cost. The cost of your time, however, is high. Vanguard reports that the value added by a financial advisor can be reported by portfolio net returns of 3%. However, return on investment of a good financial advisor […]
Welcome to the New Year! Start the year 2018 with a complete understanding of where you stand financially, and begin to set goals for yourself. We have compiled a checklist to help you through this process. Personal Finances List all assets, including accounts, real estate, savings, valuables, etc. List all debts including mortgage, […]
Start early. By saving $1,000 a year at age 25, you could end up with five times what you’d have if you started at age 45. Use your 401(k). You put in pretax dollars so it’s a great savings plan. Passing up employer contributions is giving up free money. Diversify properly so you don’t become […]
November and December tend to be slow months in the real estate market, but the season can provide great opportunities for both buyer and seller. For the seller: * Homeowners make a special effort to have their homes at their best during the holidays. While extensive decorating is not advised, decorations that don’t overpower a […]
While experts are divided on the existence of a retirement savings crisis in America, the average household headed by someone age 55-64 has saved around $100,000 for retirement. Is your household one of them? Call us to schedule an appointment to ensure you have the best saving strategy for your needs. https://www.wsj.com/articles/is-there-really-a-retirement-savings-crisis-1492999861
Many people routinely add $100 or $200 to their mortgage payment each month. It’s a good feeling to know they are closer to paying off their home or apartment. For some of them, however, it may not be the best move, financially speaking. Those whose mortgage interest is tax-deductible, could make another choice. Their interest […]
Many homeowners purchase an insurance policy when they first move in, but they may not understand the importance of periodically reviewing it or reassessing their needs. It’s an oversight that can ultimately lead to a gap in their coverage. A home renovation or upgrade is another reason you may want an insurance review. Everything from […]
Last year 10 million Americans were victims of the fastest-growing crime in the country. The number of identity thefts have been doubling every year since 2000. Sometimes people don’t know what happened until they find big charges they didn’t make on credit cards, begin getting calls from debt collectors, or get a summons to go […]