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What is Financial Planning Day?

Personal financial planning is essential, regardless of age or income, and it is vital to meeting life goals, such as buying a home, paying for college or achieving a secure retirement. There are millions of Americans with pressing financial questions that need answers, and unfortunately, many have not had the opportunity to discuss those questions with competent and ethical financial planners.

Equifax Data Breach - Assume the Worst and Protect Yourself

Equifax is one of the big three consumer credit monitoring agencies. Last week the firm announced they had been breached and consumer data exposed. The hack involved the data of almost 150 million US consumers and involved social security numbers and other personal data.

You should now assume that your data was exposed in the hack. Here is what you can do now to begin to protect yourself:

Should You Sell Your Stocks Upon Retirement?

With major stock indexes close to or at all-time highs, you may find yourself asking this question. However, if you give in, it may be the biggest financial mistake you make. When it comes to retirement there are two conflicting risks that need to be managed – (1) volatility risk and (2) longevity risk.

How to Diversify Your Portfolio as a New Retiree?

Thinking about retirement is very exciting for most people. It’s a time in life when you’re finally able to do the things you were never able to do with a nine-to-five job. You can travel the world, spend more time with friends and family, pursue your newest passion or hobby, and much more.

From a portfolio perspective, this is the biggest change to your financial life. It represents the shift from funding your lifestyle from cash flow (i.e. your salary) to assets (your investment portfolio). This is often a very strange feeling for many new retirees. And this small fact, changes everything!

2017 Financial Planning Association Retreat

A few weeks ago I attended the Financial Planning Association Retreat. This conference took place just north of Atlanta, GA where advanced financial planners gathered to discuss new ideas regarding the future of the profession.

Is Your Financial Advisor Working In Your Best Interest?

In 2016 the Department of Labor (DOL) published a new rule governing the treatment of retirement accounts and the relationship between you and your financial advisor. The rule required your advisor to conduct business in your Best Interest with regard to your retirement accounts. Major Wall Street firms have lobbied against the rule.

5 Things Your Annuity Salesperson Might Not Tell You…

Has someone ever tried to sell you a variable annuity? If they have, you are not alone! However, there are 5 things the annuity salesperson may not tell you…

Avoid This Costly Tax Mistake!

As we enter tax season, we are approaching the time of year when most contributions are made to traditional and Roth IRAs. However, there are limits on how much you can contribute in each year.

Save Today, Not Tomorrow

Academics have been studying ways to motivate people to save now. However, they are finding that when faced with the decision to satisfy our immediate needs or our future needs that our present needs usually win.

Different Ideas of Retirement and Their Very Different Lifestyles

Not too long ago when people heard the word “retirement” they knew exactly what it meant. It used to be relatively straightforward – save as much as you can, invest as well as you can, let your money grow, and then when you hit 65, retire and enjoy!

What To Do With Your Year-End Bonus?

The simple answer is don’t spend it all! Of course you should treat yourself to some enjoyment from your hard-earned work, but the majority of it should be invested.

What’s the Actual Value of Contributing to an IRA or 401-K?

You are probably already aware of the importance of regularly contributing to your IRA (individual retirement account) or 401-K. But, have you ever quantified the value? How much do these tax-advantaged accounts actually save you in taxes?

4 Tips When Choosing a College

Choosing a college can be stressful and exhausting. To help with the process, take a look at our 4 useful tips and avoid these common mistakes!

Spring Weddings and Social Security

The real wake up for me was when listening to the details of their wedding plans, the honeymoon, and starting new lives together, I was thinking…make sure they update their Social Security records.

New Budget Law: How Could It Impact Your Social Security Benefits?

If you are like most Americans, your largest asset in retirement is your social security benefits. Unfortunately, without some big changes, the Social Security Trust Fund is slated to run out of money in 2034. While I am (cautiously) hopeful that this country will make the reforms necessary to keep this from happening a more immediate change – the elimination of certain claiming options – is looming.

Key Takeaways from the Financial Planning Association’s Annual Conference

I recently attended the Financial Planning Association’s (FPA) annual conference in Boston, which featured some of the best minds in the financial planning field. The speakers and attendees were some of the most innovative folks in the industry who came together over the course of four days to connect and share ideas.

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