From Bob Reby's The President's Letter in the Spring 2019 Newsletter

How long do you think you will live? Your answer will have major implications regarding Social Security benefits, when you retire and your portfolio withdrawal strategies during retirement. According to the JP Morgan Guide to Retirement, choosing to take your Social Security benefits at age 70 instead of age 62 can give you a 54% higher benefit (assuming you were born in 1960 or later).

Market Commentary – A Strong Start to the Year, but Risks Remain

After suffering their worst December since the Great Depression, stocks had their best first quarter in ten years primarily due to the Federal Reserve halting interest rate increases and improving U.S-China trade relations. Perhaps the most impactful event of Q1 was the Fed

By Paul Morrone CFP®, CPA/PFS, MSA

Employer provided life insurance comes in many shapes and sizes, and unfortunately, there is no one size fits all solution for the employees who have access to such benefits. Many employees rely on their group term coverage as their primary (or only) life insurance coverage and don’t evaluate life insurance outside of their workplace, unless maybe they get a cold call from a pushy sales agent working for XYZ insurance company. While group term life insurance is a generous benefit, assuming the provided amount of coverage will be sufficient to meet your estate planning needs can be a big mistake.

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well.

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well.

By Paul Morrone CFP®, CPA/PFS, MSA

There is a common misconception among taxpayers that just because their tax documents were generated by their employer, the government, or a financial institution that the facts and figures presented on those documents are complete and accurate. Any seasoned tax preparer will tell you that this is far from the case, and in fact, it is not uncommon for there to be material errors in the documents that you receive that can adversely affect your return. It is important to remember that while these documents may be printed by computers, there is generally a human element somewhere in the process of inputting, summarizing and submitting the data which leaves plenty of room for mistakes.

We all have our own unique relationship with money. We certainly have our own unique way of both spending and saving money.

However, if you’re ready to start putting some money aside, or looking for tips on money management, or even the best way to pay your bills, the following tips may provide a little bit of help: 

Have you been thinking about when is it best for you or your spouse, if married, to retire? Do you have a retirement roadmap that tells you what is your best option for retirement? Have you considered things like inflation, increasing taxes and little retirement landmines like RMDs or required minimum distributions?

The #7 Blindspot is Retiring at the Wrong Time!

We have all had tasks that make us think "Oh I'll just get started tomorrow", then tomorrow turns into the next day, which turns into 2 months from now.. 

There's no better time to start preparing for retirement than today!  It can take 3-5 years or more to correct some of the most expensive retirement traps we see every day in planning with our clients.

Click on the video below to learn more about Blind Spot #6!