Money and You

2012 Year-End Financial Tips

November 9, 2012

'Tis the Season!

Just when it seems things can’t get any busier – December arrives. This month is typically loaded with family obligations, year-end business deadlines, and increased spending. This potent mix can wreak havoc on your budget and ultimately your ability to meet your own financial goals. To sleep a little easier this month and next, it may help to set aside a few hours now to firmly review your financial position and consider your goals and commitments in the coming New Year and “tax season”.

Fiscal Cliff? It's Possible to Scale it and Climb Higher.

October 25, 2012

There's been talk about the possibility of the U.S. economy "going off a cliff" at the end of this calendar year.

What is this "cliff" pundits are referring to? It's actually a possible culmination of a number of government tax and benefits changes scheduled to impact our economy simultaneously. Specifically, the Bush tax cuts and payroll tax cuts are due to expire (which would impact workers' take home pay) and extended unemployment benefits will also expire (which would eliminate an income source for those out of work.) To further complicate the situation, higher Medicare taxes will take effect and certain government discretionary spending is scheduled to halt.

Disability Insurance: Why it's worth a close look.

August 25, 2012

Wouldn’t you love to have a very accurate, high definition crystal ball? One that gives you a clear view of what might come in the days, months, and years ahead? Of course there’s little use in wishing to see the future. All we can do is work with the facts and statistics of what we know today, to help prepare for tomorrow.

Long-Term Care Insurance

July 7, 2012

Does Long-Term Care Insurance break or protect the nest egg?

It may seem a bit unusual to be examining insurance with a financial advisor, but looking at long term care insurance is a critical step in the retirement plan process. It is much easier discussing the risks potential health problems can pose to your retirement plan now, while you’re healthy, rather than later when it may be too late. Exploring the viability of long-term care insurance can provide peace-of-mind and flexibility to you and your family in the future if something were to happen.

Women & Money

June 7, 2012

Learning to meet fiscal responsibility head on.

It's hard to accumulate wealth when you shy away from the responsibility of making fiscal decisions or if the idea of money scares you. Unfortunately, this emotional attitude toward money stops many women in their financial tracks and keeps them from reaching their long-term goals.

It Doesn't Hurt to Get a Second Opinion

May 8, 2012

All too often we find the worlds of health care and finances colliding these days. And just as in medicine, it’s a very good idea to seek a second opinion when it comes to your financial well-being. The economy has been on a roller coaster ride in recent years, but that shouldn’t deter you from consistently working towards a financially secure future. Given recent events, you may be wondering what to do next. Stay the course and keep all investments where they are? Move everything now while things are calmer? Explore new options with fresh eyes? If you are evaluating your current financial health and the economy, and you want make some sense of what to do next (if anything) – start by getting a second opinion.

Concentrated Stock Positions

April 8, 2012

What to do with too many eggs in one basket.

What is a concentrated stock position? It is defined as holding one particular stock that comprises 30% or more of your overall investments or portfolio. You may wonder why this is an issue, particularly if you are saving for retirement or the long term.

Why Your Credit Score Matters

February 8, 2012

The ABCs of FICO Credit Score

Have you ever wondered why financial professionals make a fuss about credit/FICO scores? You may not think your credit score is a big deal, especially if your income is healthy; however, your income has nothing to do with your credit score. You can make a king’s ransom and have a poor credit score – or have a small income and a very high credit score. So here are some basic facts about FICO and credit scores.

Starting a New Job?

January 8, 2012

Don’t leave any assets behind.

With the region experiencing an uptick in employment recently, you may be exploring new job opportunities or beginning a new job. It’s important to remember to pack up your finances along with the personal items from your desk. You don’t want to leave assets behind unintentionally.

Year-End Financial Tips

November 8, 2011

For many of us, the last page of the calendar is usually filled with professional and social obligations. The month of December is quickly approaching and signals the end of one year and the pending arrival of a new one; so it makes sense to set aside a few hours to firmly position your finances for the coming New Year and "tax season". Here are some year-end financial tips to help you strengthen your financial standing in 2012: