Financial, Wealth and Retirement
News and Information


Helping You Make Sense of the
Economy and Market

June 26, 2020

When Will The Economy Recover?

The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone. “As good as the recent economic ...

Read More
June 23, 2020

Hats Off to Public Service Workers During the Coronavirus

While many people have been furloughed and others are working from home, public service workers have continued to show up at work every day as the COVID-19 spread through the United States. During Public Service Recognition Day, we'd like to take a look at the tireless efforts these people are making while dealing with the coronavirus crisis on the front ...

Read More
June 18, 2020

3 Charts That Have Our Attention

Stocks have shaken off the 5.9% S&P 500 Index drop last Thursday by gaining three days in a row before yesterday’s modest weakness. While researching and reading this week, three charts stood out that tell us quite a good deal about how investors have reacted during this volatile market and what could be next. Incredibly, we saw nearly a third ...

Read More
June 1, 2020

Ideas for Reducing the Cost of College

Encourage your student to think about their future financial self   Mid-August is the time of year that our kids pack the U-Haul and head to college. And while they’re excited about a brand-new semester, it can be frightening to see the cost – and rising college debt – that comes with the college experience. What can our college students ...

Read More
June 1, 2020

Annuity Basics

An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed annuities to provide income to individuals during their retirement ...

Read More
May 29, 2020

529 Lesson Plan: High Scores for 529 Plans

Looking for a tax-advantaged college savings vehicle that has no age restrictions and no income phaseout limits — and one you can use to pay for more than just tuition? Consider 529 savings plans, a popular way to save for higher-education expenses. Named after the section of the tax code that authorized them, 529 plans (also known as qualified tuition ...

Read More
May 15, 2020

Amidst Stay-At-Home, Learn Money Mindfullness

Using money to enhance your life and the lives of those around you Money matters are complex and even scary. How you choose to approach finances mentally is key to mastering them. Financial professionals call this “money mindfulness.” And it’s a mentality that can be worked on while we’re following the current “stay-at-home” orders of our local and federal government. ...

Read More
May 8, 2020

A Market Update & Our Strategy Moving Forward

As we get though the first part of May, the markets have been pretty uneventful over the past few weeks relative to the end of March and beginning of April.  In fact, pretty much everything seems uneventful compared to the end of March and beginning of April.  There have been a few large daily ups and downs, but for the ...

Read More
May 1, 2020

Life Insurance at Various Life Stages

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities once again begin to diminish, your need for life insurance may decrease. Let's look at how your life insurance needs change throughout ...

Read More
April 24, 2020

11 Ways To Help Yourself Stay Sane In A Crazy Market

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It's useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve ...

Read More
April 13, 2020

Retirement Assistance Within the CARES Act

In late March 2020, as the number of novel coronavirus cases in the U.S. surged past 100,000, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law.1 The CARES Act provides around $2.2 trillion in aid to businesses and individuals who have been impacted by shelter-in-place orders, government-mandated business closures, and large-scale job losses.   However, some of the ...

Read More
April 3, 2020

The April 15th Tax Deadline is Now July 15th

The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes by 90 days, giving individuals and businesses another 3 months to file and then pay the government what they owe. What Should You Do? Putting off paying taxes until right before the deadline is human nature. In fact, according to recent statistics from ...

Read More
March 28, 2020

What Is in the $2 Trillion Relief Package?

The United States has more cases of the coronavirus than any other country, and in an attempt to stop the spread of this disease, states have closed schools and businesses throughout the country. These unprecedented shutdowns have pushed many people out of work, hurt businesses, and brought much of the economy to a screeching halt. To ease the suffering, the ...

Read More
March 26, 2020

Avoiding COVID-19 Scams

Scammers, fraudsters, and other criminals are taking advantage of rapidly changing data and facts associated with COVID-19, both in the workplace and in our homes. Government agencies, corporations, and news outlets continue to warn individuals to be mindful of increased fraudulent activities during these uncertain times. These scams, which can be sent via email, text message, and social media claim ...

Read More
March 21, 2020

Work From Home Tips

With the rapid spreading of COVID-19, and more and more people either on self-quarantine or practicing social distancing, many of us are working from home.  While working from home definitely has its perks – no commute! – there can also be some challenges when it comes to motivation and productivity.  Here are 7 tips to help you get through this ...

Read More
March 21, 2020

Coronavirus Update From Our Team

This past week can be described in so many ways. Crazy, frustrating, scary, isolating. One word that shouldn’t be used to describe this situation and the market’s reaction to the situation is uneventful. We have definitely been on our toes during this time. We thought that last Thursday and Friday were crazy…until, of course, we saw Monday. The markets continue to take large ...

Read More
March 13, 2020

Our Action Plan in Response to the Markets

“Sell when everyone is greedy and buy when everyone is fearful” -Warren Buffet We want to communicate our action plan as we move through this time of market volatility and uncertainty.  As we have told all of our clients many times: We buy quality assets, allocate portfolios between stocks, bonds and some alternatives based on an individual’s risk tolerance.  Because ...

Read More
January 6, 2020

The SECURE Act: It is the Biggest Retirement Bill in a Decade and Here is What You Need to Know

They say that occasionally, the powers that be in Washington get together and move meaningful legislation forward. For the retirement planning business, December was one of those months that saw meaningful change that will have an impact on many of our clients. Here is what you need to know about the SECURE act: Before digging into the changes that will ...

Read More
December 11, 2019

Are You Employing a Tax Harvesting Strategy For Year End? If Not, Why?

With only a few weeks left in the year, it is a great time to think about doing everything that you can to save money on taxes for this tax year. As an investor, if you have accounts that are not retirement accounts, you might be able to save significant money on taxes by employing a tax harvesting strategy. The ...

Read More
November 4, 2019

The Charitable Giving Tax Strategy Called “Bunching”

Financial Planning Focus: The Charitable Giving Tax Strategy Called “Bunching” What is a Donor-Advised fund? What is a "Bunching" tax strategy? Where can I get more information? Did you know that you can use a donor-advised fund to bunch multiple years’ worth of donations in a single year to receive maximum tax benefits for your charitable contributions? This is especially ...

Read More
November 4, 2019

Kids and Allowance-(Part 1)

As a parent of two young boys, a hot topic around our house has been when do we start giving them an allowance? Our aim is to have our children learn the value of money and the consequences of their financial decisions through saving, giving, and spending. The book Yes, You Can Raise Financially Aware Kids, is incredibly insightful for determining ...

Read More
November 4, 2019

3rd Quarter in Review

As the 4th quarter begins and we begin to start winding the year down, we can only hope that the markets will continue this current uptrend through year end. By all counts, following a disappointing year for stocks in 2018, this year has been a strong year in the stock market so far. Large Cap Growth stocks have led the ...

Read More
October 1, 2019

Could Private Equity Ownership Soothe the Ups and Downs in Your Retirement Account?

Private equity ownership probably isnt the first thing that comes to mind when considering ways to even out the ups and downs of your retirement account, especially in a volatile market. There is a lot of confusion and misperceptions surrounding owning private equity. In part because who owns it and why they own it has changed over the years. At ...

Read More
September 23, 2019

Recession Watch And What It Means To Investment Accounts

If you have been watching any financial news over the past few months, you have likely heard the words "possible recession" thrown around quite a bit. This has led to several questions from our clients during reviews and a few calls into our office. As you may know, the past ten years have been very fruitful in the US stock ...

Read More
September 12, 2019

Alternative Retirement Investment Options When Your Income Doesnt Qualify for a ROTH IRA

The ROTH IRA is a popular way to save money for retirement because its one of the only ways that you can invest money today, allow it to grow with interest and the market for an indefinite amount of time, and avoid paying taxes on what youve gained. For example, lets say you invest the maximum $6,000 in a ROTH ...

Read More
August 1, 2019

Protecting Your Business Wealth When the Unimaginable Happens to a Key Employee

When you own a business, you like to think that youre in control, especially of the things that most affect its value. Fortunately, you do have control over several of them, such as: Access to Capital Accessing and gaining the necessary capital to improve or expand your operation when needed. Customer Base Building a solid and diversified customer ...

Read More
July 31, 2019

2nd Quarter Review and Mid-Year Outlook

By Eric Wymore CRPS The S&P 500 returned 4.3%* during the second quarter of 2019. The year-to-date return of 18.5%, for the first half of the year, is the highest return since 1997. The primary driver for the increase were due to the speculation that the Federal Reserve would cut interest rates as well as an announcement of a tariff ...

Read More
July 31, 2019

Planning Tips

By John Jespersen Financial Planning Focus: Do You Have a High-Deductible Health Plan? Are you contributing to an HSA plan? Are you spending your HSA contributions on medical expenses? Does your HSA provider offer a good array of investment choices? If the answer is yes, then our financial planning conversation must include the topic of Health Savings Accounts (HSAs). As ...

Read More
July 1, 2019

Answering a Key Question on Maximizing Charitable Giving

Giving Tuesday 2018 was a record breaker. Donors made 3.6 million donations, totaling more than $380 million in the U.S. alone. That is up from $274 million raised on Giving Tuesday in 2017. Keep in mind that were referring to JUST ONE DAYGiving Tuesday, which takes place the Tuesday after Thanksgiving. Most of us have a cause that is near ...

Read More
May 31, 2019

Tax Savings for Small Business Owners

For many small business owners, saving money on your income taxes is usually at the top of the list of your top concerns. If you are the owner of a pass-through entity, such as an S Corporation, an LLC, or a Partnership, etc., you may have noticed the nice little tax break that you received in 2018, as most pass-through ...

Read More
April 17, 2019

How Can a Financial Advisor Help Me if Im 5 to 10 Years Away from Retiring?

Are you in the twilight of your career or feeling like retirement isnt quite as far off as it used to be? Even though youre not retiring next week, its normal to begin wondering if your ducks are as lined up in a row as they can or should be. Five to ten years out from retiring is a good ...

Read More
April 8, 2019

Financial Planning Perspectives: Benefits of Health Savings Account

By John Jespersen Financial Planning Focus: Benefits of Health Savings Account HSAs provide a triple tax advantage HSAs are more flexible than Flexible Spending Accounts (FSAs) HSAs are a great way to budget for out-of-pocket healthcare expenses Health Savings Accounts (HSAs) are tax-advantaged savings and investment accounts available for those with high-deductible health care plans. Some of the main features ...

Read More
April 8, 2019

Market Insights

By Eric Wymore CRPS ESG Investing: What does it mean and is it important. The flavor of the month or the future of investing? First lets start with a high level overview of what ESG investing means. ESG stands for Environmental, Social, and Governance. The Environmental portion takes into account climate change and risks, natural resource scarcity, pollution and deforestation. ...

Read More
April 8, 2019

Quarter in Review

By Jeb Graham CFP The first quarter of 2019 has come to a close. Following the fourth quarter of 2018, the market was due to bounce back from a rough quarter, and it did exactly that. The major market indexes are all up for year so far and have come close to returning to all time highs. While this is ...

Read More
March 18, 2019

Is Too Much of Your Wealth Tied Up in Your Business?

Three Tips to Help Maximize the Retirement Value You Get Out of Your Company If you are like many small business owners, there is a high probability that a large portion of your net worth is tied up in your business. For many small business owners, this is a good problem to have. Why? It means that your business is ...

Read More

Every day is one day closer to your dream.
What are you waiting for?