Entries by Chris Overlay

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, […]

6 Tips For Combining Families & Finances

With ‘wedding season’ in full swing, chances are you will be attending a wedding that may be a second marriage.  Statistically in the US, one third of weddings are a second marriage for at least one member of the couple (https://www.soundvision.com/article/wedding-statistics-in-the-united-states).  Planning to combine families and finances and discuss openly how it will affect each of […]

Tips For Cleaning Up Your Investment Portfolio

Making the decision to cleanse your portfolio by minimizing holdings, just like you minimize your possessions, can have some positive effects.  When you take the time to examine what you own, you may make the decision that some things need to go.  The same is true when you clean your portfolio.  Call it portfolio cleaning, […]

Modernizing an Outdated Estate Plan

Free Download:  The Wealth Advisor Volume 11, Issue 6 In This Issue:  What to do with a confusing, old trust. How to know if you have an outdated trust. Quality estate planning is an ongoing process. You are not trapped by old plans, even when they’re “irrevocable.”

Teaching Your Child to Save (and Spend)

Teaching Your Child to Save (and Spend) For those parents that are teaching your children to save, you are providing your children with a priceless lesson.  Those children that are taught to save are more likely to save as adults.  And those that are taught how to save and spend smartly are even more successful!  […]

The Savvy Retirement ‘Spender’

Retirement is a time one should enjoy doing what they want to do, always being aware of their spending.  Because most retirees have a set income, retirement requires a more ‘savvy’ approach to managing the way money is spent.  Some ideas to implement prior to and during your early retirement years can save you thousands […]

Tips to Using a Retirement Calculator

No matter what your age, retirement calculators can be a benefit to you in your retirement planning.  Retirement calculators are easily accessible on the internet through a search, or you may have access to various calculators through your investment custodian(s).  Here are a few tips to keep in mind as you use a retirement calculator: […]

The US Treasury myRA Plan: Is This a Good Idea?

This spring (2017), the US Treasury Department has launched additional TV ads directed at Americans that have no retirement savings plan at work. If you’ve seen the ads and you’re curious what this plan is about, read on! The myRA plan was started in the fall of 2015, but has seen low numbers in participation […]

Transferring Your ‘Unattended’ Retirement Accounts

The older you get, the greater the chances that you have ‘old’ 401(k) accounts at former employers, or multiple IRAs from retirement plan transfers from leaving multiple jobs.  While transferring the 401(k) s from multiple employers into multiple IRAs was the best way to go, leaving them ‘unattended’ makes them vulnerable to being forgotten by […]

Top 10 Tips to Investing

Investing is a process that takes time, should be thoughtfully monitored and has a better chance of success if planned out.  Regardless of what stage you’re at in your life and even if you’ve started investing, making a plan and sticking to it will benefit you.  Keep the following tips in mind as you start, […]

Spring Time = Scam Time

As spring time comes back to many parts of the US, so does many ‘seasonal’ scams.  Partly because of tax season and partly because home projects ramp up, and travel ‘springs up’, this is the time of year to be more alert regarding potential scams.  Since credit card companies and financial institutions have implemented ‘chip […]

The ‘Ins and Outs’ of 529 Savings Plans

Are you a parent or related family member thinking of starting a 529 savings plan for a child? Starting a plan to save for college or other type of technical career training is a smart choice because small amounts are contributed monthly over time. Legally known as “qualified tuition plans”, 529 plans are also called […]

Time to Play Retirement Account Catch (up)

If you’re approaching retirement in the next fifteen to twenty years, it may be time for you to focus on saving more.  Playing ‘catch up’ by contributing more can make a big difference.  It’s never too late even if the time line is getting closer.  It’s always better to try to put away more than […]

American Financial Literacy

In December 2016, FINRA (Financial Industry Regulatory Authority) released their report, “Investors in the United States 2016”. The results of the study indicated that overall, American investors felt ‘confident’ in the stock market and the economy, but many felt they didn’t have a good understanding of basic investment principals or basic financial concepts. One of the most […]

Tips to ‘Timing the Stock Market’

Now that the title of this article has grabbed your attention, is there a ‘bad’ or ‘good’ time to invest? Is there a ‘science’ to timing the stock market? Consider the following and if ‘timing the market’ is a good investment strategy for you: Tip #1 Invest- Whether you invest at the ‘top’ or ‘bottom’ of the stock […]

Self Employment and Retirement Readiness

Self-employment is a growing trend world-wide and in the US.  The desire to work for themselves, being able to designate working hours, and the perks of flexibility when they work is part of the reason many choose to be self-employed.  However, there are growing statistics that show many are forced to start their own business […]

Refinancing Debt: Is This a Good Idea?

How often have you walked into your bank and been ‘invited’ to open a new credit card, or better yet ‘refinance’ your debt?  The opportunity to ‘participate’ or receive a ‘special offer’ happens every day not only at banks, but at other places such as department stores.  We have become accustomed to accepting offers of […]

Boomers vs. Millennials: Common Financial Differences

It’s common for the previous generation to think that the younger ones are less responsible, spend more, save less, and the list goes on! In the case between the grandparents and grandchildren, or Boomers versus Millennials, the Millennials are getting it right in money management, according to Pew Research. The Millennial generation has experienced the […]

March 2017 Newsletter | Boomers vs. Millennials: Common Financial Differences

Boomers vs. Millennials: Common Financial Differences It’s common for the previous generation to think that the younger ones are less responsible, spend more, save less, and the list goes on!  In the case between the grandparents and grandchildren, or Boomers versus Millennials, the Millennials are getting it right in money management, according to Pew Research.  […]

January 2017 Newsletter

When Overconfidence Hurts There are times in our lives when being confident is a good thing. But there are situations where being overconfident can hurt, especially when it comes to investments. Psychologists have studied confidence, and how it relates to previous knowledge we have. During the study, they asked questions that would require a range […]

December Newsletter | Better Now or Better Before

Better Now or Better Before? After the elections held last month (November 2016), many Americans are reflecting on how they ‘feel’. All indications are that the last eight years has created ‘a feeling’ in most Americans regarding their financial security and the economy as a whole. To remind you of the past, let’s take a […]

September Newsletter | Does An Election Year Affect Your Portfolio

Understanding Your Employee Benefits As you work and save money for retirement, take time to understand what benefits are offered at your employer in addition to your retirement plan.  Even if the focus of your relationship with your financial advisor is your retirement and other securities related assets, employer benefits should always be discussed.  Consider […]

Retire and Spend Courageously

Retirement is a time of excitement and anxiety regarding if your savings will last through your entire remaining life.  Many retirees find that their spending is more costly in the beginning, and slows as they age.  If you are sure you’ll be cutting back as you age, you can budget for these changes.  Here is […]

June 2016 Newsletter

Mental Accounting: Help or Hindrance? Mental Accounting attempts to describe the process where people code, categorize, and evaluate economic outcomes for their money.  This term was developed by psychologist Richard Thaler in the late1980s when he discovered that people may have multiple mental accounts for various things, but all coming from the same kind of […]

What To Do With Your Inheritance

  What To Do With Your Inheritance Doing your homework and seeking advice is highly recommended when an individual or family is faced with what to do with an inheritance. Understanding your options is crucial in a potential life changing event. Inheritance Depending on the stage of life you are in when you inherit assets will have […]