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Now is a Great Time to Meet With Your Advisor

Oct 6, 2020 2:15:00 PM / by Jason Shaw posted in Financial Planning, Investments

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The COVID-19 pandemic has created financial stresses for millions of Americans. In April 2020, a Harris Poll survey on behalf of Nationwide asked more than 2,000 adults in the U.S. about their COVID-related concerns. Overall, respondents’ top worries were being unable to pay their bills (45%), losing their life savings (33%), and losing employment (30%). Even those who enjoy more financial security are facing uncertainty. Among respondents with investable assets of more than $100,000, the top concerns were losing their life savings (41%) and inability to pay the bills (34%), afford healthcare (28%), or retire as planned (28%).

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7 Ways to Stay on Track with Your Retirement Plan

Sep 30, 2020 3:00:00 PM / by Jason Shaw posted in Financial Planning, Investments

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The COVID-19 pandemic has upended a lot of people’s financial plans. Losses in business revenue, stock value, and employment create a variety of bumps in the road to retirement. The steps you should take to protect your future depend on the assets you have available, how close you are to your target retirement age, and the current condition of your investment portfolio. Take a look at these seven ways you can take action to stay on track with your retirement plan.

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Steps You Can Take During a Turbulent Stock Market

Sep 28, 2020 1:45:00 PM / by Jason Shaw posted in Financial Planning, Investments

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When the stock market becomes turbulent, investors want to do something to protect themselves. The impulse to react is a natural human response when you perceive a threat, whether that threat is a charging grizzly bear or a crashing bear market. The key is to keep a cool head and make rational decisions about how to respond. In either situation, running in panic can increase your danger.

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Don't Panic About Your Investments

Sep 24, 2020 2:30:00 PM / by Jason Shaw posted in Financial Planning, Investments

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When you invest, it’s important to have a vision of your long-term goals, develop a strategy to meet those goals, and stick to it. For many of us, that becomes especially challenging during times of economic downturn. It can be gut-wrenching to watch the value of your holdings take a dive, but panicking and selling could leave you in a much worse position than riding out the storm.

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Managing My 401(k) Through COVID

Sep 22, 2020 1:15:00 PM / by Jason Shaw posted in Financial Planning, Investments

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The COVID-19 pandemic has wrought havoc on the economy, and many people’s 401(k)s are suffering as a result. What can you do to minimize the damage and give yourself the best possible chance of saving enough for your retirement? The answer partially depends on your age and whether you’re facing job loss during the current crisis.

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Are You Paying Too Much for Your Retirement Investment?

Jan 27, 2020 1:45:00 PM / by Jason Shaw posted in Financial Planning, Retirement

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Annuities are attractive to many who are looking to create a secure retirement plan. The reasons are clear: annuities can provide a guaranteed income for life, and income earned on annuities is tax deferred. Additionally, because many annuity products allow you to select from a variety of mutual fund subaccounts, you can often change your investment direction within an annuity at little or no cost.

As with all financial products, however, it’s important to weigh the pros and cons of annuity investment. While annuities can provide tremendous benefits for some investors, the costs involved can be tricky to fully understand. If you own an annuity or are considering purchasing one, be sure to look closely at its real costs. 

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Where Should I Put my Money to Help my Child Save for College?

Jan 22, 2020 1:15:00 PM / by Jason Shaw posted in Financial Planning

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Saving for your child's college education can seem like an intimidating task. There are several options to help plan for this expense, but your financial situation will determine which one is best for you. We breakdown four different plans to help you select the one for you.

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Who Pays the Taxes When You’re Dead?

Jan 14, 2020 2:00:00 PM / by Dave Boelman posted in Financial Planning, Tax Services

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You’ve probably heard the term “death tax,” but what does it mean? Dead men tell no tales—nor do they pay taxes. When you pass away, who has to pay tax on what you leave behind? That depends on several factors, including how much you leave, the people and/or organizations you leave it to, and how you go about transferring it. To get a basic understanding of how this all works, we’ll look at three kinds of taxes: estate tax, gift tax, and inheritance tax.

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When is the Best Time to Start Estate Planning?

Jan 8, 2020 10:30:00 AM / by Jason Shaw posted in Financial Planning

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Estate planning isn't just for the elderly or rich. You might think of estate planning as something older people do—not 20- or 30- somethings who are just starting out in their careers. In fact, a recent survey by Caring.com found that even though three quarters of adults know that a will is important, only 40% actually have one.

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What to do With That Letter You Just Got From the IRS

Dec 20, 2019 9:53:00 AM / by Dave Boelman posted in Tax Services

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Do you get that sinking feeling in the pit of your stomach when a letter arrives from the IRS? If so, you’re far from alone. The good news, however, is that letter is probably nothing to worry about.

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