Money and You

It Doesn't Hurt to Get a Second Opinion

May 8, 2012 | Filed under: Archived Articles

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 | Filed under: Archived Articles

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 | Filed under: Archived Articles

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 | Filed under: Archived Articles

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 | Filed under: Archived Articles

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:

The Golden Rules of 401(k)'s and Retirement Savings

October 5, 2011 | Filed under: Archived Articles

Save early and often.

At a time when so many of our basic long-held beliefs regarding personal finance and the economy are shaken, there is one piece of advice still worth passing on to offspring and grandchildren, particularly recent and soon-to-be college graduates: save and contribute to 401(k)'s, Roth's, IRA's, and retirement plans at every opportunity.

Is Economic Volatility Here to Stay?

September 12, 2011 | Filed under: Archived Articles

There are ways to manage it.

Natural disasters, European and US debt concerns, corporate personnel turnovers, credit downgrades, political turmoil in the Middle East, ever-changing domestic employment and housing figures – all of these factors have created a yo-yo effect on stock markets worldwide. It seems we need to continue to expect the unexpected when it comes to the economy and investments.

Preparing to Cope with Health Issues in a Time of Uncertainty

July 11, 2011 | Filed under: Archived Articles

When a medical crisis hits you or a family member, you are faced with often daunting financial and emotional challenges. While health issues can be overwhelming in their magnitude and unpredictability, preparing for unpleasant contingencies can eliminate some of the problems you might face. Planning ahead may seem all the more daunting with health care and insurance in an ongoing state of flux, both on the national and state level. The question is: How do you prepare for the unexpected, in times of uncertainty?

Spring Cleaning Your Portfolio

May 5, 2011 | Filed under: Archived Articles

As you spruce up your house and garden this spring, don't forget that your investments may have gotten a little dusty too. Taking time to spruce up your personal finances can reap both immediate and long-term benefits. With summer right around the corner, you'll want to be outdoors. So in the interest of time, here is a quick checklist of things to consider, why they’re important, and links to additional resources.

Estate Planning to Avoid Family Discord

April 10, 2011 | Filed under: Archived Articles

Family relationships are so fundamental to our personal identity and so often they are complicated. During a time of grieving and mourning over the death of a loved one, family relations can become even more emotionally charged. Although none of us can avoid death, it is possible to minimize potential family conflicts through advanced, careful estate planning.