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...
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...
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...
by Randy Chalmers on March 31, 2023.
A bucket list are activities we’d like to do before we die. Everyone has a bucket list, even if it isn’t written down. Don’t you catch yourself saying things like “one day I’d like to…” or “before I die, I’m going to…”? How will you fund those adventures if you aren’t planning for them? Frequently...
by Randy Chalmers on March 10, 2023.
As tax season is upon us, let’s talk about them! We know they are an essential part of our society, but nobody wants to pay more taxes than necessary. Fortunately, there are numerous ways to reduce your tax liability. Tax deductions are expenses that reduce your taxable income. There are several tax deductions available, such...
by Dave Conley on February 17, 2023.
Why do the typical investors investment returns trail the investment returns of the investments (mutual funds, ETF's, etc.) they are investing?
by Randy Chalmers on February 3, 2023.
When you hear about someone saving for a large purchase, are you the type of person to think that person is probably planning to purchase a car, boat, antique, or another material item? Or, are you the type of person who thinks of saving for an RV tour of North America, a luxurious cruise, exploring...
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.
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...