Fee-Only Advice Cazenovia, NY
As parents, planning for our child’s future is a top priority, and that includes saving for their education. Yet, the fear of investing in a 529 Savings Plan and the possibility of unused funds if our child doesn’t attend college can be a deterrent. However, recent legislative changes have alleviated these concerns and revolutionized the […]
Exploring Often Overlooked Retirement Expenses and Expert Strategies for Effective Management Retirement is a well-deserved phase of relaxation and enjoyment, but it can also bring unforeseen expenses that catch many retirees off guard. To ensure financial peace during this pivotal time in your life, it is crucial to be prepared and plan ahead. In this […]
As we covered in a related post, When Should You Take Your Social Security, [link] most of us have been paying into the program our entire working life. We’re counting on receiving some of that money back in retirement. But then there are those headlines, warning us that the Social Security trust fund is set […]
It’s hard, and often counterproductive to comment about breaking news while it’s still moving through the proverbial grinder … which is why we usually don’t do so. However, we feel it’s worth commenting on the current, growing number of regional bank runs. Before taking a look at the details, we’ll lead with two larger assurances: […]
Ever since President Franklin D. Roosevelt signed off on the 1935 Social Security Act, most Americans have ended up pondering this critical question as they approach retirement: “When should I (or we) start taking my (or our) Social Security?” And yet, the “right” answer to this common query remains as elusive as ever. It depends […]
To say the least, there’s been plenty of political, financial, and economic action this year—from rising interest rates, to elevated inflation, to ongoing market turmoil. How will all the excitement translate into annual performance in our investment portfolios? Markets often deliver their best returns just when we’re most discouraged. So, who knows! While we wait […]
The term “novel coronavirus” is so new, some people have apparently wondered whether it is related to Corona beer. (It is not; it’s named after its crown-shaped particles.) And yet, how quickly it has grabbed global headlines. As the viral news has spread, so too has financial uncertainty. What’s going to happen next? Will it further infect […]
If we asked you to hold your breath or stop blinking, how long could you do it? A minute, maybe two? Now, what if we asked how long you could go without being moved by the latest headline news? Impeachment unrest, Hong Kong protests, Brexit stress, climate change, inverted bond yields, the price of oil […]
Astute investors focus in on the bond market yield curve. By Judson Ames In assessing the market selloff this week the casual investor was likely focusing on the headlines surrounding the potential for escalating “trade-war” between the U.S. and China, however, the more astute investors are starting to focus in on the shape of the […]
In order to discern good from bad investment advice, investors should start by understanding their financial advisors legal obligations to you and how they compensated for providing you advice. Ask your adviser how they are compensated. This is one of the most important questions a financially literate person will ask.