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Category: Retirement

Debt Ceiling, crisis or charade ?

by Dave Conley on May 26, 2023.

Every few years we have this discussion about whether or not we are going to raise the debt ceiling. Let’s just be honest, the debt ceiling will be raised. Since 1960, it’s been raised 78 times (more than once a year). The chart below shows the times the debt ceiling has been raised since 1970....

Patience During the Wealth Accumulation Stage

by Randy Chalmers on May 19, 2023.

Everyone has met someone who had a friend who “made a fortune on XYZ stock on a hot tip”, but much like expecting to win the lottery, expecting to cash in on a hot tip probably won’t happen for you, me, or even someone you know. Seemingly everything we do in today’s world is at...

How to MAXIMIZE your Social Security benefit.

by Dave Conley on May 12, 2023.

As a financial planner, I know that Social Security benefits are (or will be) a critical source of retirement income for many of our clients (and most Americans), particularly those who are 55 or older. According to the Social Security Administration (SSA), in 2021, the average monthly Social Security retirement benefit for a retired worker is $1,557. Over the next 3 weeks I will cover strategies you can take to maximize your potential Social Security benefit.

What we need today is economic & financial perspective

by Dave Conley on May 6, 2023.

As a financial planner with 25 years of experience, I understand that investing can be daunting, especially in uncertain times. With recent news of bank financial distress, it's natural for many clients to feel anxious about the safety of their investments. However, I'm here to assure you that the US economy, markets, and financial system are resilient, and there's no need to panic.

Are You Taking Advantage of All Your Financial Advisor’s Services?

by Randy Chalmers on May 5, 2023.

A financial advisor is an invaluable asset to managing your finances and providing you with personalized advice specifically for you. When you begin your relationship with your financial advisor you tend to have many face-to-face interactions as the long-term relationship is being established. Once a plan is in place the meetings slow down, but don’t...

Roth IRA / Roth 401(k) Are They the Same?

by Randy Chalmers on April 25, 2023.

Employer-sponsored retirement plans offering a Roth 401(k) have been slow to adapt to offering the Roth 401(k) alternative to their participants. In 2011 only 49% of plans included a Roth 401(k) option, however, in 2021 that number spiked to 88%. Although subtle, there are some differences between a Roth 401(k) and a Roth IRA we...

Are you watching Financial Pornography?

by Dave Conley on April 21, 2023.

Cable and online financial news (for the average investor) can also be overwhelming and cause investors to make mistakes. The term I use for this news is “Financial Pornography”. I can think of many bad decisions made by viewers of financial porn but narrowed it down to four mistakes the average investor is likely to...

We have been here before.

by Dave Conley on April 7, 2023.

As a professional investor for almost 30 years, I rely on my own experiences to help guide my investment approach.  Every crisis is different, but they often have things in common. The financial crisis of 2007-2008 was a difficult time for many investors, with stocks and bonds experiencing significant losses. While it’s impossible to predict...

Retirement Spending

by Dave Conley on March 3, 2023.

Retirement is a stage of life that everyone looks forward to, after years of hard work and saving. However, the key to a happy retirement is having enough money to sustain you during this phase of your life. One of the most important decisions you will make during your retirement is how much of your savings you can safely spend each year. In this blog post, we will outline the top 5 retirement spending strategies that retirees can use to plan their retirement spending.

Another Blog about Cars…

by Randy Chalmers on February 24, 2023.

I had a meeting with an individual today, and they brought up a great point I’d like to share. Before retiring, he was a teacher and would talk to his students about being fiscally responsible. He would explain to them that the first purchase a college graduate makes is normally a car. Now buying a...