Entries by Chris Overlay

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, […]

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 […]