June 1, 2019
Social Security: News, Tips and Trends thumbnail

Social Security: News, Tips and Trends

There are a number of threats that both retirees and pre-retirees are facing right now when it comes to drawing Social Security benefits. For example, there’s a new scam this year. Seniors are being solicited by callers who claim to be with the Social Security Administration (SSA). The caller says he regrets to inform that the elderly person’s Social Security payments have been suspended. The caller says it’s either because the beneficiary has been involved in a crime or there has been suspicious activity related to their benefit. Here’s the interesting part: the caller then requests that the senior repay a certain amount of his benefit to Social Security by gift card. The scammer is then able to use this […]
May 1, 2019
Coverage and Tax Considerations For Work-Sponsored Life Insurance thumbnail

Coverage and Tax Considerations For Work-Sponsored Life Insurance

While employers have cut back on pensions and their 401(k) plans do not offer the same level of retirement income security, they have stepped up in the area of life insurance. The majority of Americans (68 percent) have a life insurance policy through their employer. In fact, more people get it through work rather than purchasing a policy on the market for the first time in history. Most employers offer term life insurance typically at a coverage rate of anywhere from one to three times a worker’s annual salary. Term life policies lock in a fixed rate for a specific period of time, usually from 10 to 30 years. One of the biggest perks of getting life insurance through work […]
April 1, 2019
Elderly Caregiver Facts and Figures thumbnail

Elderly Caregiver Facts and Figures

These days, people who live to age 65 can expect to live at least another 20 years. That means many are likely to require some form of assisted caregiving. According to aging experts, the following guidelines describe characteristics of those most likely to need long-term care: Age – Risk increases as people get older Gender – Women are at higher risk because they tend to live longer than men Marital status – Single people are less likely to have family resources and will therefore need to pay for caregivers Lifestyle – People who do not eat a healthy diet and exercise are more likely to have debilitating health conditions Family history – People with compromised genetics are at higher risk […]
March 1, 2019
8 Strategies To Reduce Market Exposure thumbnail

8 Strategies To Reduce Market Exposure

Over a 10-day period in December 2018, the Dow Jones Industrial Average (DJIA) dropped by more than 350 points six different times. It then experienced its largest increase on record – a 1,000-point gain in one day. This dramatic volatility fueled speculation that we are on track for a long overdue market correction in the near future. Most investment advisors discourage long-term investors from engaging in market timing, which is the strategy of buying and selling based on market movement. The general consensus is that no one can accurately predict upswings and downturns, and history shows that staying invested over the long haul is generally the best strategy. However, there are scenarios in which investors might wish to reconsider their […]
February 1, 2019
New Proposals for Government Programs thumbnail

New Proposals for Government Programs

The Tax Cuts and Jobs Act delivered a wealth of benefits for taxpayers at every income level, but none more so than for the very rich. The net result of huge tax breaks for both high-income and corporate taxpayers is that the government now has much reduced tax revenues coming in to help pay for government programs. It comes as no surprise then that prior to the November 2018 midterm elections, Republican leaders in Congress were calling for cuts to government “entitlement” programs, such as Medicare and Social Security. While the word “entitlement” has adopted a negative connotation, it is an accurate description of these programs. In other words, workers pay into the Medicare and Social Security systems through an […]
January 1, 2019
What Leading Economic Indicators Tell Us thumbnail

What Leading Economic Indicators Tell Us

One of the reasons investing is tricky is because it involves so many factors that we cannot control. One factor is the specific investment itself. In the case of a stock, the share price relies on company management and leadership; manufacturing, marketing and distribution; and balancing expenses with revenues. Another factor is investor and market sentiment, which can change on a dime based on economic uncertainty, the day’s news or a presidential tweet. Then there’s a third component, which encompasses broader economic events and how they impact investment market fundamentals and the business life cycle. One way we monitor the economy and try to predict market cycles is through economic indicators. These are trackable data points that economists use to […]
December 1, 2018

Financial Planning Advice for Women

The path for women is a little like two steps forward, one step back. For example, almost 40 percent of all privately held firms in the United States today are owned by women. Furthermore, the 2018 midterm elections yielded 23 female senators and more than 100 in the House of Representatives. And yet, despite the fact that women comprise 51 percent of the U.S. population, their ranks account for less than one-quarter of Congress. And women hold only 10 percent of chief executive and chief financial officer positions in S&P 1500 companies. What is most unfortunate about the lack of women in powerful positions is that they continue to trail men in terms of income and investment assets. When it […]
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