by Randy Chalmers on December 26, 2022.
Whether you are brand new to investing and have never had an annual review, or you’ve had many annual reviews, you might be interested to find out a little bit more of what is done during the review process. The first step is obviously to see how your portfolio has performed in the past 12...
by Randy Chalmers on December 12, 2022.
Like most topics, who you speak to about credit cards drastically impacts the narrative of why you should or shouldn’t use them. So instead of trying to change your mind one way or the other, let’s just look at some facts about credit cards. How does the interest rate work on my credit card? The...
by Randy Chalmers on November 18, 2022.
If you haven’t used the SMART process for setting goals in your life or business, then you probably don’t know what the acronym means. S – Specific M – Measurable A – Attainable R – Relevant T – Time-bound Specific What exactly will be accomplished and by what means? Measurable How will your goal be...
by Randy Chalmers on November 11, 2022.
I spoke with a client this week who was lucky enough to find money! Nope, he didn’t just spot a $20 stuck in a branch from the wind, he realized he had an old IRA he had lost track of. We rolled his old IRA over to his managed account with us with no penalties...
by Randy Chalmers on November 4, 2022.
We’ve discussed how people think they don’t have enough money to invest, so instead, they spend what they could have saved. But, what about those who are not yet investing, the ones who are on Dave’s Baby Step 2: pay off debt utilizing the debt snowball method? I know a lot of people reading this...
by Randy Chalmers on October 28, 2022.
When conversations navigate toward the topic of retirement, one of the most common subjects discussed is IRAs. If you are unaware, IRA stands for individual retirement account, meaning it is not offered through your employer, you made a choice to start saving into a retirement account on your own. Traditional IRAs are invested pre-tax, and...
by Randy Chalmers on October 14, 2022.
I’ve been asked many times “if Dave Ramsey says to fund a Roth IRA, why would I ever choose a traditional IRA”? Well, much like any advice, there is no absolute in reference to what will work best for everyone in every situation. Let’s examine the main characteristics of both types of IRAs. As...
by Randy Chalmers on October 7, 2022.
Have you been fearing that you will be living in poverty in your golden years because news articles and studies have long stated that Americans do not know how to save or don’t save enough? In 2002 the Economic Policy Institute study reported that 40% of households then aged 47-64 would retire on less than...
by Randy Chalmers on September 30, 2022.
It is finally cooling down, and with the cooler temperatures comes the desire for a nice, hot, beverage. The easiest way to acquire these seemingly magical drinks is to run by the drive-through of your favorite coffee shop. Did you know the average cup of coffee has risen to $4.90?! You don’t have to stop...
by Randy Chalmers on September 23, 2022.
Have you ever heard someone say something to the effect of “a dream is only a dream until you write it down, then it becomes a goal”? This concept examines how we view seemingly impossible things, like getting our “dream” job, living in the “dream” town, climbing Mount Everest, or completing a marathon. You wouldn’t...