Insights + Resources

Epic Insights

Creating a Retirement Strategy

Mar 29, 2023

Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security.  They know this, but many of them do not know when, or how, it will happen. What is missing is a strategy – and a good strategy might make a great difference.

A retirement strategy directly addresses the “when, why, and how” of retiring. It can even address the “where.” It breaks the whole process of getting ready for retirement into actionable steps. (more…)

Tags: financial advisor charlotte nc, Retirement Planning

Market Update: Three Takeaways from the Fed Decision

Mar 27, 2023

Overview

• As we expected, the Federal Reserve (Fed) raised the fed funds rate by 0.25%, pushing the upper bound to 5.00%.
• Financial conditions were stable enough for the Federal Open Market Committee (FOMC) to release updated projections, unlike the Fed’s decision back in March 2020 to delay updated projections due to financial instability.
• Yesterday, the Committee was unanimous in their decision, creating an aura of calm for markets.
• Financial stability is clearly a vital factor in future decisions, but as of now, the Fed will likely hike at least one more time at the May meeting.
• Tighter credit conditions translate into equivalent rate hikes. Therefore, the Fed can rightly soften their language that additional policy firming may (or may not) be appropriate.

(more…)

Tags: Current Events

Cash Flow Management

Mar 24, 2023

You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today.

Management of available cash flow is a key in any kind of financial strategy. Ignore it, and you may inadvertently sabotage your efforts to grow your company or even build personal wealth. (more…)

Tags: Cash Flow, Financial Planning

Healthcare Costs are Cutting into Retirement Preparations

Mar 22, 2023

 

You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives.

In fact, Fidelity now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the big picture of retirement planning.

(more…)

Tags: Employee Benefit Planning, Health Care Needs, Health Care Savings, retirement, Retirement Planning

Digital Assets Estate Strategy

Mar 20, 2023

When you think about your estate, you may think about your personal property, real estate, or investments. You also have other, less-tangible assets – and they deserve your attention as well. We consider these your digital assets. A digital footprint of your life – and you need to consider them within your estate planning. (more…)

Tags: Certified Financial Planner Charlotte NC, Estate Planning, Family Wealth, financial advisor charlotte nc, Financial Planning

Diversification, Patience, and Consistency

Mar 17, 2023

Regardless of how the markets may perform, consider making the following part of your investment philosophy: (more…)

Tags: financial advisor charlotte nc, Financial Planner Charlotte NC, Investment Planning

Getting Disability Income

Mar 17, 2023

If you cannot work due to a disability, you might be eligible for Social Security Disability Income (SSDI). These federal government payments could offer you a degree of financial relief.¹ (more…)

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