Entries by Chris Overlay

Fiduciary Financial Advice

One thing that has plagued the financial services industry is ‘trust’ of the industry.  Unfortunately, there are many reasons that some people have developed a distrust of financial companies and the individuals that work for them.  It may be due to the media, entertainment (movies), or a personal situation that has happened in the past.  When advisors work […]

The New Senior Safe Act: S$A Provides Immunity for Reporting

On May 24th, 2018 President Trump signed The New Senior Safe Act into federal law, encouraging financial professionals to report senior financial abuse.  Since financial advisors and bank employees are usually the first to witness clients making money withdraws that are not common, the law rewrites protocol and protection for those that report abuse.  The old law […]

Understanding Credit Utilization and Its Impact on Credit Scoring

Credit scores are used in our country as a method to determine an individual’s financial responsibility.  The three-digit credit score means more than just the possibility of fiscal responsibility to the lender. They are part of a formula called credit utilization.  Understanding how your ‘number’ fluctuates regardless of making payments on time, can help you get more from your […]

Questions Every Investor Should Ask Their Advisor

Many investors evaluate not only their portfolio performance but also their relationship with their financial advisor from time to time.  Many times people base their evaluation of their advisor on their portfolio performance, but there are other components to consider.  Asking these questions can help you determine if you and your advisor are mutually aligned: Question #1: Are you […]

Suitable Investments and You

suit·a·bil·i·ty:  The quality of being right or appropriate for a particular person, purpose, or situation. The definition of suitability seems quite easy to understand and should be clear when it comes to investment recommendations to clients.  However, many times when clients come to our firm the investments they have are not suitable for them.  We base this conclusion […]

The Second Half of Life- Discovering Your Passion

At some point along your life’s journey, you might find yourself at a crossroads looking back thinking, “Is this it?  Is this all there is to life?” while considering the path ahead of you.  It can happen at any time- you’ve spent your life building something that has taken all your blood, sweat, and tears and you […]

Positive Impacts of the Financial Crisis

The financial services industry is still recovering from the effects of the financial crisis.  Positive impacts from the crisis include new regulations and clients taking an increasingly active role in their economic destiny.  Reinforcing this is that all participants—financial advisors, clients, and regulators—are all welcoming the greater transparency and convenience  that new financial technology (FinTech) is bringing to the […]

Tariffs, Trade Wars, and Your Investments

Since President Trump announced his intention to impose tariffs on all countries the stock market has been reacting-based on investor concerns in reaction to the media.   All indications at the time of this writing are that the tariffs would be applied to all countries, although that remains unknown.  This development has risen the speculation of a trade […]

Personal Training Advice Style

For those of you that have ever hired a personal trainer–you know what that experience is all about.  The first day is the one that you will never forget because it was hard both physically and mentally.  You probably found out that you weren’t as strong as you thought you were or maybe that you didn’t prepare […]

Privacy, Social Media and You

In April 2018 Facebook’s CEO, Mark Zuckerberg’s admittance of Facebook user’s data used by Cambridge Analytica in our last presidential election has caused an emotional reaction in Americans and lawmakers alike.  Zuckerberg admitted that controls to prevent such a leak were not in place and that, he too, believes social media will need to be regulated […]

Is Early Retirement a Reality?

We all desire the flexible lifestyle, to not work or work when we want.   Wouldn’t it be great to spend more of our lives not working than working?  There have been countless financial plans created with this target in mind, but it may not be a reality to stop one’s career before reaching the […]

The Inflation Factor

Despite the fallout to investor’s portfolios, job losses, and the overall downward turn of the American economy during the recession, we have benefitted from relatively low inflation rates.  While the US and other countries control monetary policy, there is never a way to avoid inflation after a recession; it’s part of the economic cycle.  Borrowing and buying […]

The Cost of Credit

2017 was a bad year for the credit industry- data breaches and multiple lawsuits.  But it’s becoming apparent that Americans overall are going to have a worse 2018 compared to last year as the trend of acquiring more debt increases.  Aside from having to shell out money for damages caused in 2017, the credit industry will have […]

Planning for The New Tax Plan

Many Americans have already filed their taxes for 2017, but the majority will be filing this month and finding out how the new tax plan is impacting them (if at all) for this spring’s filing.  Some changes have already taken place such as the adjusted withholding in February’s paychecks resulting in slightly higher take-home pay.  However, the […]

Let’s Talk Robo

Have you seen the TV commercials about a machine or robot as your investment advisor?  As funny as they may be, they may be giving you the wrong idea of what a robo-advisor really is.  A robo-advisor is technology (an automation platform) that allows automation for certain aspects of portfolio management.  One of the misnomers in the industry […]

When The Stock Market Corrects

If you’ve been sensitive to the stock market performance in the last weeks, you’re not alone.  Regardless of how your investments fare during market corrections, being aware of your anxiety in light of what you’re seeing, reading or hearing can make a difference in portfolio performance.  We’ve all done it; reacted either internally or externally […]

Legacy Planning as Part of Life Planning

Leaving a legacy through the passing assets today and after your death is a process that requires correct planning and execution.  With the recent Tax Cuts and Job Act of 2017, updated tax codes, and an ever-changing political environment, legacy planning requires consulting with multiple professionals in order to pass assets without financial consequences.  Legacy planning […]

Tax Season (aka Scam Season) is Here

With the significant 2017 cybersecurity leaks involving the personal information of millions of Americans, this year’s tax season is expected to be one of the worst ever for tax scams.  Aside from cybersecurity leaks, the mailing of 1099s and W2s results in many people not receiving them through mailbox theft, which is contributing to more […]

Fear, Greed, and Your Portfolio

Finance, in general, has been based on rational and logical theories, and for most part, tends to be somewhat ‘predictable.’  Early financial theories assumed that people behave rationally and predictably, and that outside factors and emotions do not influence people when it comes to making financial decisions.  However, behavioral finance has proven people behave irrationally […]

Is Retirement Really About Numbers?

For some people retirement is all about the numbers; the age you plan to retire, how much money you need, and so forth.  We have built our planning processes in financial services based on numbers and algorithms in financial planning software to help us contrive a number or group of numbers that are uniquely yours.  […]

Bitcoin, Cannabis, and Other Alternative Investments – Las Vegas, NV

If you’re considering alternative investments this year, you should thoroughly think through the consequences of investing in some of the most popular ones in the media.  Although Bitcoin and the Cannabis business may be on Wall Street’s radar, it’s not necessarily for good reasons.  Both are still considered speculative and are not investable asset classes; they […]

Be More Money Savvy in 2018 While Saving for Retirement

Start Saving More NOW!   If you started saving for retirement early, chances are you’ll hit your retirement goal.  If you’re like most Americans, you didn’t start right away and are playing ‘catch-up’! Don’t put off saving later, start now!  If you didn’t start in your 20s, it’s time to start maximizing your savings now because […]

The New Tax Plan and You

If you’re like some Americans, you may be wondering how the new tax plan is going to affect you.  To say “the new tax plan isn’t going to affect me” may be an incorrect statement; sooner or later the new plan will change something in your financial life.  It doesn’t matter if you’re on ‘one […]

New Year, New Plan

The Starting of the New Year has many of us making resolutions to make changes in some part of our lives.  Whether it is health or money related, starting the New Year off with a plan feels good!  Even though 80% of New Year’s Resolutions fail by the end of first quarter, having ‘resolutions’ is […]

What’s New for Retirement Plan Savers in 2018?

The answer to that is not much, but the allowable pre-tax contributions in most traditional retirement plans will see a small increase for 2018.  Here’s what you need to know if you plan to contribute the most you can in 2018 into your pre-tax retirement accounts: 401(k)s, 403(b)s, and most 457 plans will see a $500 allowable […]

Do You Know What You’re Paying For? (Las Vegas, NV)

Much is being said regarding the changes happening in the financial services industry right now.  You may have heard some news stories through the media regarding disclosure, compensation, and fiduciary responsibility.  Those that are already disclosing fees, advisor compensation, and are a fiduciary are already operating on these parameters; those that are not conducting their business in this […]

It’s Time For Fourth Quarter Financial Reviews – Las Vegas, NV

Here we are in the last quarter of 2017!  Reviewing your retirement accounts is essential, but do you realize the benefits of evaluating at the end of the year? Fall tends to be a time many people start thinking about next year and what they want to accomplish.  The benefits of a fourth-quarter review https://www.forbes.com/sites/johnfitzsimons/2017/05/25/a-question-of-balance-how-reviewing-your-investments-can-dramatically-boost-your-returns/#437c7536106d  […]

10 Tips for Millennials (and Anyone) When Selecting a Financial Professional – Las Vegas, NV

If you are a millennial you may feel like you have a target on your back. Local financial advisors, stockbrokers, bank representatives, CPA firms, and online firms constantly solicit you. You have a bewildering number of choices and making the wrong selection decision can undermine the achievement of your financial goals.  Millennials are considered the […]

Personal Information Cyber Attacks: What Can You Do? (Las Vegas, NV)

What is a personal information cyber-attack?  A cyber-attack is a type of criminal activity where an individual or an organization target computer information systems, networks, or personal computer devices by various means through ‘hacking’ into the computer infrastructure.  Cyber-attacks are used to collect information that can affect an individual, or other entity such as a […]

5 Crucial Factors That Impact Your Retirement

Retirement can be risky business http://www.investopedia.com/articles/retirement/08/post-retirement-risks-outlive-assets.asp  if you don’t consider all the factors that can impact your retirement during your planning process.  Although it’s hard to know what will happen in the future to you or your investments, these are the main things that should be addressed in your retirement portfolio: #1 Longevity.If boomers live […]

Estate Planning 101 – Las Vegas, NV

Estate Planning 101 Basic estate planning is something that everyone should do, regardless of your age, marital status, and if you’re a parent or not.  In the US, the statistic is staggering that only 40% have a will or have an estate plan.  Of those that are older Americans, 81% of those age 72 and older, […]

Why and When is Insurance Appropriate? – Las Vegas, NV

The Role of Asset of Protection and Your Investments Protecting your assets is directly tied to protection of everything, including you, through insurance.  Without proper protection your investments and assets can face premature liquidation.  Insurance in its many forms serves to offset risk, whether it’s health insurance, home owners insurance, or any other type of liability protection and […]

Social Security Mayhem – Las Vegas, NV

The annual report from the Trustees of the US Government’s two largest entitlement programs (Social Security and Medicare) was released on July 13, 2017.  Not surprising, the report relayed the same information regarding Social Security and Medicare as it did last year; without revision and additional funding, both programs will see cuts in payments to Americans that […]

Does Your ‘Net Worth’ Matter? – Spring Valley, NV

Many times people compare what they have to that of their peers. This comparison is usually visual; we compare the house, the car, the ‘toys’, etc. But Net Worth is something that is not always visual. Net worth is determined by subtracting liabilities (debt owed) from assets (things that are actually ‘owned’). Net worth is calculated for both individuals […]

‘Earnings Season’: What Is It and Why Does It Matter? – Las Vegas, NV

‘Earnings Season’ is a period of time in which publicly traded companies release their quarterly earnings report.  Based on this information, stock prices can fluctuate either up or down depending on the ‘financial health’ of the company during that quarter.  Although not all companies are on the same quarterly reporting schedule, most ‘earnings seasons’ begin […]

How NOT to React to “Breaking News”

In light of the ‘financial meltdown’, the political issues, the scandals, and ‘fake news’, keeping yourself removed from media as much as possible may be good for you (and your investments). Every day the American public is exposed to multiple stories that may have an effect on them and their decisions. During the financial crisis, […]