Category: Retirement

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.

Some Financial Highlights from the Secure Act 2.0

by Randy Chalmers on January 6, 2023.

529 Changes Previously, if you saved for your child’s college and they did not need the funds you could either transfer them to another student or withdraw the funds incurring a penalty. Under the Secure Act 2.0 (SA 2.0) you can now roll these unused funds into Roth IRAs without income tax or any tax...

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.”

Are you an investor… or a gambler?

by Dave Conley on December 9, 2022.

In simple terms, speculators are trying to out-smart the markets while investors simply participate in the markets. The investment time horizon is also a very important factor as speculation tends to be over the short-term while investing is over the long-term.

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...

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...

How much is enough?

by Dave Conley on November 4, 2022.

How much money is enough? For John D. Rockefeller the answer was “just a little bit more.” At the pinnacle of his success, Rockefeller had a net worth of about 1% of the entire US economy (about 1/3 of a trillion dollars). He owned 90% of all the oil & gas industry of his time....

Information you Might not Know about Individual Retirement Accounts

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...