Author- Clay Wood

Social Security was designed to be an insurance plan. Depending on how much you pay in you get a guaranteed payment later in life to cover your basic needs if you run out of assets when you can no longer work. Of course, as a society we no longer use it that way. People now use it as the base they start with to retire and determine what they have in addition.

You’ve read the articles. I am guilty of writing a similar one. Countless other financial professionals have used the same example. Stop buying expensive coffee, save the amount you would have spent. Then, your savings compounds its investment returns.

I think people spend too much time thinking about that. It’s not the coffee holding your savings back.

The topic of achieving success comes up a lot in discussion with our clients but even more so with the millennials. As we talk about their desires for the future, they share career aspirations and discuss what kind of jobs they would like to have and whether they are on a path that will get them there.

In a perfect investing world, you would be able to see market bottoms coming and be prepared to buy at that exact moment for ultimate investment gain, right?

Strange times, uncertain times, however you like to say it, it is. The U.S market took a tumble in March and with Stay-at-Home orders placed across not just the nation, but the globe, many were expecting that downward trend to continue.

At this point in the nationwide COVID-19 quarantine, you may be having a hard time staying sane. I am hoping you have found something that is helping to keep you motivated, happy, and healthy. If you are struggling here are some ways to improve your life while trapped.

I am sure you have noticed; the market is down. People are nervous or fearful and those feelings are not unwarranted. Even though we have lived through the Avian Flu - H5N1 and the Swine Flu – H1N1 outbreaks, this feels a little different. I obviously can’t tell you when we will get a vaccine or when the market will make a comeback.

Buying a house is a big decision. It’s a big lifestyle decision and a big financial decision. Just like anything that impacts your life in a major way, it’s best to step back and do some planning first. Here are some tips on how to get ready financially.

Determine how much house you can afford.

Happy New Year!

Estate planning gets complex sometimes. Clients often ask about the benefits of converting a traditional IRA into a Roth IRA. And there are benefits. So, maybe we should consider them.

Leaving Roth money in an estate has 4 basic benefits.