Tag: Financial Planner Charlotte NC

Coronavirus and More

Mar 2, 2020

coronavirus virus germ
The 24-Hour News Cycle moves from Impeachment to COVID-19 to the Primaries – What’s next?

In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third presidential impeachment in American history. In international news, the latest coronavirus outbreak has hit China, now referred to as COVID-19, leading to closed borders and heightened screening at hospitals worldwide.1 (more…)

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Retirement and Adult Children

Feb 14, 2020

Retirement strategy and finances calculator writing formulas
Supporting a family can put a crimp in your strategy

Families are one of the great joys in life, and part of the love you show to your family is making sure that their basic needs are met. While that’s only to be expected from birth through the high school years, many households are helping their adult children well into their twenties and beyond at the cost of their own retirement savings. (more…)

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Establishing Good Credit in College

Dec 9, 2019

Wallet and Credit Card
After you get that first card, how can you manage your FICO score?

Good credit may open doors. It is vital to securing a loan, a business loan, or buying a home. When you establish and maintain good credit in college, you create a financial profile for yourself that can influence lenders, landlords, and potential employers.

Unfortunately, some college students do not have good credit. In fact, Credit Karma says that the average 18-to-24-year-old has a credit score of 630. A FICO score of 730 or higher is considered good. (more…)

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Protection Against Uninsured Drivers

Nov 22, 2019

Broken Glass
Getting in an accident with the uninsured might be costly.

About 13 percent of all motorists, or one-in-eight drivers, do not have automobile insurance.

Having the misfortune of getting into an accident with an uninsured motorist may have serious financial consequences depending upon the state in which you reside and whether it is a “no-fault” or “tort” state. (more…)

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Unrealized Loss and Gain

Nov 8, 2019

Trending Graphs
What they are; why they matter.

For many investors, it can be tempting to think of one’s portfolio in terms of “gains” or “losses.” True, this is a central concept to understanding market behavior, but to truly maximize your investing knowledge, you also need to know about “unrealized gains,” “unrealized losses,” and how they can work to your advantage. As always, the following information is not intended as tax or legal advice. Any financial decision should be undertaken in consultation with your financial advisor and is not intended as tax or legal advice. Ready to learn more? Read on. (more…)

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Managing Risk in Your Portfolio

Oct 28, 2019

Finance Game
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” –Warren Buffett

Risk is a factor in any investment decision that you make. Your tolerance for risk is something that you will want to consider when you make decisions alongside your trusted financial advisor in Charlotte NC. Your risk tolerance is balanced against your time horizon, meaning the time between now and your anticipated retirement date.

But is it possible to avoid a loss? No, not completely, but you can take steps to manage that risk when investing. This is where conversations about your risk tolerance are critical. (more…)

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Leaving a Legacy to Your Grandkids

Oct 7, 2019

Passing a key to a child
Now is the time to explore the possibilities

Grandparents Day provides a reminder of the bond between grandparents and grandchildren and the importance of family legacies. (more…)

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A Decision Not Made is Still a Decision

Sep 6, 2019

Person with Options
Indecision can lead to no decision.

Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s future financial security.

Let’s review some of the forms this takes.

 Your workplace retirement plan.

The worst non-decision is the failure to enroll. Not only do non-participants sacrifice one of the best ways to save for their eventual retirement, but they also forfeit the money from any matching contributions their employer may offer. Not participating may be one of the most costly non-decisions one can make. (more…)

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Is Your Company’s 401(k) Plan as Good as It Could Be?

Aug 2, 2019

People in Line with one person standing out
A recent court ruling may make you want to double-check.

How often do retirement plan sponsors check up on 401(k)s?

Some small businesses may not be prepared to benchmark processes and continuously look for and reject unacceptable investments.

Do you have high-quality investment choices in your plan?

While larger plan sponsors may have more “pull” with plan providers, this does not relegate a small company sponsoring a 401(k) to a substandard investment selection. Sooner or later, employees may begin to ask questions. “Why does this 401(k) have only one bond fund?” “Where are the target-date funds?” “I went to Morningstar, and some of these funds have so-so ratings.” Questions and comments like these may seem reasonable and might surface when a plan’s roster of investments is too short. (more…)

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Diversification, Patience, and Consistency

Jul 26, 2019

Clock
Three important factors when it comes to your financial life.

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

Diversification. The saying “don’t put all your eggs in one basket” has real value when it comes to investing. In a bear or bull market, certain asset classes may perform better than others. If your assets are mostly held in one kind of investment (say, mostly in mutual funds or mostly in CDs or money market accounts), you could be hit hard by stock market losses, or alternately, lose out on potential (more…)

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More Insights

Apr 3, 2020

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett

Apr 2, 2020

From Our Partners at PAI: The CARES (Coronavirus Aid, Relief, and Economic Security) Act has been a topic of discussion for weeks as legislators discussed the best way to give Americans a much-needed boost as the economy has faltered due to the Coronavirus. Signed into law in late March, there are several provisions that will … Continue reading “CARES Act and Coronavirus Relief”

Apr 1, 2020

Factor #1 in our Road to Recovery Playbook is finding confidence in the peak of COVID-19 cases in the United States.  At Epic Capital, we are monitoring this factor daily, and we wanted to provide an update into what we are seeing. As shown in the Chart of the Day, while the number of new … Continue reading “Road to Recovery: COVID-19 Case Update”

Mar 30, 2020

The big equity bounce has continued, with the S&P 500 Index up more than 17% from the multi-year lows hit last Monday. The big question on many investors’ minds is could this be a bear market rally? After all, some of the most spectacular short-term bounces took place during bear markets.

Mar 27, 2020

Market gives up some gains into the weekend. Following the historic run over the past three days, US equities are lower in early trading Friday. The United States now has more confirmed cases of COVID-19 than China, though far fewer deaths. The stimulus package is expected to pass through the House of Representatives today before … Continue reading “Market Update: Friday March 27, 2020”

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