Inflation Can Be a Scary Word
May 21, 2021
Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.” (more…)
Tags: Current Events, financial advisor charlotte nc, Financial Planning, Income Planning, Investing, retirement
Retirement Blind Spots
Dec 9, 2020
We all have our “blue sky” visions of the way retirement should be, yet our futures may unfold in ways we do not predict. So, as you think about your “second act,” you may want to consider some life and financial factors that can suddenly arise. Nobody likes having retirement blind spots
You may end up retiring earlier than you expect. If you leave the workforce at “full” retirement age (FRA), which is 67 for those born in 1960 and later, you may be eligible to claim “full” Social Security benefits. Working until 67 may be worthwhile because it will reduce your monthly Social Security benefits if you claim them between age 62 and your FRA.1 (more…)
Tags: Certified Financial Planner Charlotte NC, Income Planning, Long-Term Care Planning, Retirement Planning, Retirement Tax Savings
A Windfall Inheritance Comes Your Way
Nov 16, 2020
Here’s a windfall scenario for you: You pick up what appears to be a lottery ticket. You check the numbers for a laugh and discover a winning combination, offering you millions of dollars in prize money. What are the chances of that? (more…)
Tags: Certified Financial Planner Charlotte NC, Estate Planning, Family Wealth, financial advisor, Financial Planning, Income Planning, Investing, Investment Planning, Investment Portfolio, Investments, Personal Finance, Spending Habits, Wealth Building
Social Security Questions to ask Before Claiming
Aug 17, 2020
Determining when to take Social Security benefits is a complicated financial decision. Here are a few things to think about and discuss with your financial professional. (more…)
Tags: Family Wealth, financial advisor, Income Planning, Personal Finance, Retirement Planning, social security
An Unprecedented Rush to Cash
Jul 3, 2020
As Americans adjust their spending habits in a rapidly changing economy, they are building cash reserves at an unprecedented rate.
The Bureau of Economic Analysis reported on May 29th that the personal savings rate hit a historic 33% in April. To put that into perspective, it’s the highest number since the Bureau started tracking personal savings in the 1960s.1 (more…)
Tags: financial advisor, Income Planning, Investing, Personal Finance
Bad Money Habits to Break
Jun 12, 2020
Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns, year after year. If you sometimes succumb to these financial tendencies, now is as good a time as any to alter your behavior. (more…)
Tags: financial advisor charlotte nc, Financial Planning, Income Planning, Investment Planning, Personal Finance
Retirement Is a Beginning
Feb 19, 2020
How do you know you are psychologically ready for retirement?
As a start, ask yourself four questions. (more…)
Tags: financial advisor, Income Planning, Investment Planning, retirement, Retirement Planning
Step-Up CD
Feb 12, 2020
When interest rates start to climb, will these be the CD to own?
Step-up certificates of deposit (also called rising-rate CDs) are fixed-income investments with a bit of wiggle room. When you have CDs with a step-up provision, you have a chance to exchange the initial yield for a better one as interest rates rise. Given currently underwhelming long-term CD yields, what CD owner wouldn’t want that option in the future? (more…)
Tags: Financial Planning, Income Planning, Investment Planning, Personal Finance
Where Will Your Money Come From After You Retire
Feb 10, 2020
For many people who retire, income may come from a variety of sources. Here’s a quick review of the six main sources: (more…)
Tags: Financial Planning, Income Planning, retirement, Retirement Planning, Retirement Tax Savings
Retire Single
Feb 7, 2020
About 6% of Americans 65 and older have never married. That statistic comes from a 2018 Census Bureau report, which also found that 22% of Americans aged 65-74 live and retire alone. (more…)
Tags: Family Wealth, Financial Planning, Income Planning, retirement, Retirement Planning
More Insights
Jul 22, 2021
The news keeps getting better for Social Security recipients. It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2
Jul 21, 2021
Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance that you may not have considered. Here are some things you may want to keep in mind if … Continue reading “Coping with an Inheritance”
Jul 19, 2021
It’s long been an aspirational target for entrepreneurs. It literally goes beyond “blue sky,” in terms of location, to a place no business has gone before: Outer Space! The name of the game is commercial space travel.
Jul 16, 2021
With all the attention given to inflation, stock prices, and job reports, it’s been easy to overlook the remarkable move in the bond market during the past few months as bond yields have fallen. The yield on the 10-year treasury closed at 1.37% on Friday, July 9, down from its 2021 high of 1.74% in … Continue reading “The Quiet Fall in Bond Yields”
Jul 14, 2021
On July 6, oil prices reached a six-year high of $76.98 a barrel. This benchmark came as the Organization of the Petroleum Exporting Countries (OPEC) and allies failed to reach an agreement regarding an increase in production.1 This rise in cost follows a year in which OPEC and allies cut production amidst the COVID-19 pandemic. … Continue reading “Oil Prices Hit Six-Year High”
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