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Category: Financial Peace

Five retirement planning priorities if you plan to retire in the next 5 years

by Dave Conley on January 27, 2023.

Retirement is a time when many investors shift their focus from accumulating wealth to preserving and generating income from their existing assets. As an investor nearing retirement, there are several key considerations to keep in mind to ensure a successful transition into retirement. Here are the five most important things an investor within five years...

I am just trying to get ahead… (of who)?

by Dave Conley on January 13, 2023.

Just for a minute, imagine what it might feel like to be satisfied with simply having “Enough.” How might that change your priorities? Your daily schedule? It’s important you actually sit down and think about it because only you can define “Enough.” What might happen if you were to make this shift? Would you work less? Would you spend less? Would you sleep more? Would you quit your job and start something new? Would you give more to charity? Maybe nothing new would happen. But what I can tell you is this: If you can’t find a way to be satisfied with enough, you may never be satisfied with anything.

Economic forecasts for 2023.

by Dave Conley on January 6, 2023.

Predicting the direction of the market is like predicting when you will hit the bulls-eye in a dart game. The majority of the time throughout market history, the markets have been rising. History shows that the chance of your money growing in a diversified portfolio of stocks and bonds is much like the odds of your next dart hitting any number on the dartboard... except the bulls-eye. If you are going to try and time the market by moving your money in and out, you have to ask yourself how confident are you that you can hit the bullseye when you do.

What is an Annual Review?

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...

2023 Outlook for economy & investors

by Dave Conley on December 23, 2022.

Recessions are painful, no doubt about it. But they are necessary to clean out the excesses of prior growth periods... “You can’t have such a sustained period of growth without an occasional downturn to balance things out.”

Credit Cards

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...

Stress or Distress ? The difference is your perception.

by Dave Conley on December 2, 2022.

The S&P 500 or the Dow Jones Industrial Average are not reality. Reality is not price-to-earnings ratios and technical market studies. Symbols on the computer screen are not the real world. In the real world, companies create wealth. Stock certificates don’t. Stock certificates are simply proxies for reality.

Setting SMART Goals

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...

Recessions – What, When, How, Why.

by Dave Conley on November 18, 2022.

The general economic model of a recession is that when unemployment rises, consumers are more likely to save than spend. This places pressure on businesses that rely on consumers’ income being spent. As a result, company earnings and stock prices decline, which can fuel a negative cycle of economic decline and negative expectations of returns.

Lost or Forgotten?

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...