Financial News Articles

Financial Planning for a Couple’s Age Gap

Couples usually don’t retire at the same time when they have an ‘age gap’ between them. An age gap relationship is one where there is eleven or more year’s age difference between them. Age gap relationships are becoming more common as people are choosing to marry later in life, remarry or start a life-partnership with someone significantly […]

High Income, High Financial Planning Risk?

Despite having a high income from owning a business or being an executive, these individuals can experience retirement savings problems. They have missed savings opportunities or put off financial planning. Often they assume that everything will work out with their retirement plan, and it can, but their high-income can hide the reality of a retirement […]

Retirement Las Vegas

Long Term Care Planning in My Retirement Planning? Yes, Here’s Why

Regardless if you believe in Long Term Care (LTC) insurance or not (or your advisor doesn’t) you still need to include the costs related to LTC in your retirement plan, even if you’re able to self-pay. Why? Because the statistics on longevity show that people are living longer and will likely need LTC at some […]

Safeguarding Your Personal Information Online and Offline

Here in the U.S., our personal information is exposed daily at frequencies and levels we’ve not experienced before. It doesn’t take a data breach from a technology company to expose us, we are doing it to ourselves without being aware. Each time we use technology (Facebook, Instagram, online exposure) our personal information is gathered by […]

Qualified Longevity Annuity Contracts: Making Your $ Last for Life

Among the primary concerns people have as they approach retirement is, “How long will I live and will my money last?” In addition to traditional retirement savings such as employer-sponsored retirement plans, there’s now another type of retirement account that guarantees you won’t go broke during retirement. Qualified Longevity Annuity Contracts (QLACs) allow you to […]

New IRS Changes for Retirement Plans in 2019

The IRS announced last month in November cost-of-living adjustments to limits on contributions to retirement plans for 2019. There hasn’t been an increase in some plan types since 2013, which is why now is a great time to take advantage of maximizing retirement contributions. According to a 2017 FINRA study,10% of American retirement savers are contributing […]

Financial Advisor Continuing Education

Continuing Ed: Helping Create Quality Financial Advisors

Continuing education helps financial advisors stay informed of the latest industry and regulation changes while educating them on products and solutions to help their clients. Taking continuing education classes helps them become better at their job, too! Providing quality service by having the product knowledge to present the right solution while following state laws and […]

Your ‘To-Do’ List: Schedule a Fall Financial Review

Scheduling a fall financial review is especially important this year due to the Tax and Jobs Act and impending market changes. We’ve been enjoying a robust stock market which makes now a prime time to meet. Fall tends to be when people start thinking about next year and what they want to accomplish financially by […]

College Planning Isn’t Just About 529 Plans

There is a growing trend in college planning where families hire an Independent Education Counselor (IEC) to help plan, execute strategies for the ACT or SAT testing and assist in applying to college in hopes of being accepted. IECs start working with families as early as the eighth grade if the family is considering an […]

Do You Understand Your Employee Benefits?

As we approach the end of 2018 many employers are scheduling their benefits meeting requiring you to select yours before the end of the year. Not all benefit options are the same and understanding each is crucial to making an informed decision. Ask your HR department or the advisor or agent representing the benefit what […]

5 Questions Answered: Social Security Retirement Benefits

How is my social security calculated? Social Security is calculated using your 35 highest paid earnings years and then averaged using the benefits calculation formula.  You must have worked full time for at least 10 years to qualify for any social security retirement benefit.  Currently, full retirement benefits age is between age 66 and 67 (October 2018). […]

Happy Retirement, LIBOR

There’s a number that is going away soon that has an impact on your life; it’s called LIBOR.  LIBOR (London Interbank Offered Rate) is used to determine the interest rates banks charge each other for overnight, one-month, three-month, six-month, and one-year loans.  LIBOR is a substantial number because it decides, in part, the interest rate you will pay for […]

Calling All Investor Types

Some investors are the do it yourself type and manage their accounts with minimal assistance from a financial advisor.  Other people are eager to have an advisor manage their investments for them.  Whatever type of investor you are, no single investor knows everything about the stock market.  Even from time to time, knowledgeable investors ask […]

Tariffs and Trade Wars: The Impact into Q3

After months of verbal threats between the EU, China and the US, tariffs, and counter-tariffs started in July 2018, leaving American consumers and investors wondering how much of an impact it will have on them.  Already three months into the trade war, consumers are not swaying from buying imports despite the increasing costs.  In July, the US […]

The Great Wealth Transfer

Over the next twenty years, there will be a wealth transfer that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations.  The Baby Boomers (born 1946-1964) are considered the wealthiest generation, currently controlling 70% of all the disposable income in the United States. Its imperative […]

End of Year Money Moves

It’s that time of year again; kids go back to school, the election season is near, fall holiday planning starts, and suddenly we all move closer to the end of 2018.   As we approach the last quarter of the year, remember these ‘money moves’ that you still have time to make: Checklist of Money Movement  Add […]

Estate Plans and Wills: Not Just for Retirees

Regardless of your age, having a will or estate plan is essential for many reasons, and isn’t just limited to passing assets at death. A will provides necessary asset passing, although many times isn’t enough when situations become more complicated.  Although estate plans and wills typically become active at death, they can be helpful during catastrophic […]

Why it ‘Pays to Be Nice’ When Divorcing

Divorce is a common occurrence in the US, with 50% of all first marriages ending in divorce. According to the American Psychological Society, that is even higher for those marrying a second time.  Marriages end for many reasons from infidelity, stress, personality changes, and financial.  They are not only devastating to the children and extended family but […]

Donor-Advised Funds: A Solution to Itemized Deductions Loss While ‘Doing Good’

For families who previously used itemized deductions for charitable giving when filing their taxes, The Tax Cuts and Jobs Act (TCJA) will remove this benefit, resulting in default to the standard deduction for their 2018 filing.  This effects a household choosing to use charitable giving as a tax deduction, increasing the tax cost to them by 7%.  The […]

The Value of Planning for Life’s Messes

Planning is valuable for many reasons and helps to ‘normalize’ things when you find yourself in the middle of an unexpected life event.  A death, a critical illness, job loss, new family member, an inheritance, divorce, or a catastrophic event that can cause a major financial detour.  How you plan will help determine how you survive and […]

Social Security Retirement Benefits: Why Waiting May Be the Best Decision

Taking Social Security Benefits can be a guessing game unless you do your research to figure out what age to take benefits the best for you.  Do you receive benefits at the earliest age or wait until your full benefit age?  Will you die in early retirement or live a longer life than you imagined?  These are the […]

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 […]

Why the Technology (and Person) Managing Your Money Matters

Money and technology are so closely related that if a financial advisor isn’t employing the latest technology, how will it equate to risk for you and your money?  When it comes to managing your money, you expect your financial advisor to have the best technology resources available to do the job. Since the last recession, the financial […]

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 […]

Financial Literacy: The Best Strategy for Preserving Wealth

How did you learn to manage money and understand the value of investing?  Did your parents relay to you what they knew about money or did you read books on budgeting and investing in figuring it out yourself?   The reality is that many of us did learn through trial and error. An alarming statistic is […]

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 […]

7 Common Ways to Mishandle Your Inheritance and Waste Thousands of Dollars

Receiving a large sum of money through an inheritance or other windfall can be stressful, exciting, and confusing all at once. Managing a large sum of cash can seem overwhelming, particularly if it’s an experience you’ve never had before. Here are seven common inheritance mistakes and how you can best avoid them. Follow these tips […]

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 […]

Reasons Why You Should Definitely Consider A Company 401(k) Plan, Even If You’re A Small Business

The ability for a business to offer a 401(k) plan is often seen as the benchmark of a large, successful company. Organizations with retirement benefits have been shown to attract better talent, while roughly a quarter of small businesses say that employees who leave for another company cite a lack of these benefits as a […]

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 […]

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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 […]

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The Extinction of Pension Plans: Is a Buyout Right for You?

If you’re an employee working for a company that has a pension plan, you’re among an estimated 4% of Americans that still benefit from this type of retirement plan.  Most companies have moved to a dual plan or removed the pension entirely.  Traditional government workers are among the few who benefit from pension plans.  The likelihood […]

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 […]

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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.  […]

Alternative Investments Las Vegas

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

A Quick Guide to Saving in 2018 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 […]

4 Must-Know Components to Successful Retirement and Healthy Aging

With a one in five chance of living beyond our 90th birthday, planning for a successful retirement and healthy aging should be something we all do.  Retirement is now considered a time to be active where people stay socially connected, continue working in some capacity, and are choosing to be involved in their communities.  Retirement today […]

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 […]

Filial Laws: Avoid a Financial Crisis for Your Family

If you’re not familiar with Filial Laws, it’s time you take notice of what they are and how these laws can impact your financial future.  A few decades ago, our US welfare system would cover nursing home and medical costs for someone without the financial resources to so.  Back then the children were ‘off the […]

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 […]

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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 […]

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Women and Retirement: Overcoming Savings Obstacles – Las Vegas, NV

Women in the US today are better educated and have more opportunities than their mothers and grandmothers.  But even though women have more opportunities than in the past, they face obstacles that can impact their potential for retirement savings.  Lower pay than male counterparts, time off from their career to care for children or another […]

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 […]

Social Security: Will You Get Your Money? (Las Vegas, NV)

If you are currently receiving Social Security retirement benefits and it is a big part of your retirement income, congratulations! You are the second or possibly third generation that has benefited from what was initially an excellent plan for workers in our country. If you are part of the generation that is 45 to 55 […]

Caregiving: A Decision That May Impact Your Retirement

Many of us have been a caregiver while we were raising children, now some of us are caring for a loved one out of necessity as the older family member is no longer able to care for themselves.  A recent 2017 Transamerica Center for Retirement Studies report indicates that 42% of Generation Xers and 42% […]

Planning to Invest in a Vacation Home Using the IRS 1031 Exchange Rule? – Las Vegas, NV

You may be considering investing in a vacation home as part of your retirement goals or just because you feel it’s a good investment.  With real estate prices back to where they were pre-2008 in most of the US, those looking to add a vacation home to their portfolio are considering buying before prices rise.  […]

Financial Planning Las Vegas

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  […]

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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 […]

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Health Savings Accounts Are the New Retirement Savings Account – Las Vegas, NV

If you aren’t utilizing your health savings account (HSA) at your employer, you’re missing out on a great way to save for retirement health care expenses. HSAs allow you to set aside money to be used to pay for medical expenses now during your working years, and later in retirement.  HSAs allow you to keep […]

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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 […]

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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.  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 into […]

What Should You Invest In? It’s All About YOU! (Las Vegas, NV)

As financial advisors, many times we are asked by clients what they should invest in.  It’s not always an easy answer, because our answer to clients depends on many things.  What you should invest in is personal to YOU, and should take into account your personal situation. However, one easy answer to ‘what should I […]

Estate Planning Las Vegas NV

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, […]

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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 […]

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How Do You Envision Your Retirement Dream? – Las Vegas, NV

Regardless of your age, envisioning your retirement is one way to get started on a plan for what you want to do when you’re able to retire.  If you’re already retired, maybe you’re ready to take on a new challenge and change what you’re currently doing.  If you’re still twenty to forty years away from […]

Social Security Las Vegas Nevada

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 […]

Net Worth Spring Valley NV

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 […]

‘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, […]

Are You A Co-Signer On A Student Loan? Consider This…

Happy Graduation! Time to Repay Your College Loans Graduating from college is an exciting time for many, and can signal the start of student loan repayment. If you are a recent graduate, it’s possible you had a co-signer on your student loan. If you are a parent or family member that is a co-signer, there’s no better […]

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 […]

What’s The Link Between Good Health & Retirement Readiness?

This summer (June 2017), the Sixth Annual AEGON Retirement Readiness Survey was released.  The study took a look at the correlation between good health and being financially ready to retire.  Those with good health and a positive attitude were more likely to save and plan for retirement than their counterparts with poor health and a poor attitude […]

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!  […]

Personal Financial Advisor Las Vegas

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 […]

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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 […]

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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 […]

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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, […]

Las Vegas Financial Advisor

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 […]

Las Vegas Financial Planner

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 […]

April 2017 Newsletter | Tips to ‘Timing the Stock Market’

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 […]

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 […]

Las Vegas Financial Advisory

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 […]

Las Vegas Financial Advisor

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.  […]

Link Financial Advisor

February Newsletter: 2017 Retirement Plan Savings Changes

2017 Retirement Plan Savings Changes For those people that are participating in a traditional 401(k) or government retirement plan such as a 457 or 403(b), contributions will remain the same for 2017. Employees under age 50 can save up to $18,000 in the plan, with those age 50 and older socking away an additional $6,000 […]

Las Vegas Financial Advisor

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 […]

August Newsletter | Why “Brexit” Really Matters

Reporting to Protect Seniors From Financial Abuse July 5th, 2016 marked the passing of The Senior Safe Act of 2016. What this bill means to you, and the financial services industry, is another layer of protection for seniors who may be, or are, at risk of financial abuse by another individual. In the past, financial […]

July 2016 Newsletter | Long-Term Insurance, Identity Theft, Company Stocks, and More!

Do You Need Long-Term Care Insurance? As Baby Boomers age, one of the planning decisions that needs to be made is how to go about providing for their long-term care needs. The cost of a one-year stay in a nursing home varies widely across the country. According to insurer Genworth the cost of a single […]

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 […]

Are Pension Buyout Offers Really a Good Deal for You?

In recent years many large employers have offered former employees who are not yet at retirement age the option to take a pension buyout. These offers usually offer several options Take the value of your pension as a lump-sum payment which can be rolled over to an IRA. The advantage is the ability to manage […]

New Fiduciary Rules May Have A Huge Impact On Your Portfolio

What the New Fiduciary Rules Mean for You In early April the Department of Labor released the final version of their fiduciary rules. These rules apply to financial advisors who provide advice on retirement accounts such as an IRA or a 401(k). The rules state that the advisor must act as a fiduciary, in other […]

Richard London CFP

May 2016 Newsletter

What Impact Does Working Have on My Social Security Benefits? There is a lot of confusion about the impact of working on those who are taking their Social Security benefits. Here are a few things to know. · If you are drawing a benefit and you are younger than your full retirement age or FRA […]

5 Common Investment Scams

Investment scams aren’t something new; unfortunately they have been around for hundreds of years. What is new is the way that scammers try to get to you with more complex offerings.  Be aware of these common scams: Private Event with ‘Free Lunch’- These are an invitation only event, where you are invited to find out […]

Richard London CFP

April 2016 Newsletter

Reasons to Avoid 401(k) Loans Many 401(k) plans offer the option to take a loan against a portion of your 401(k) balance. This might seem like an easy source of funds to tap for various reasons, but with exception of a dire emergency you should think twice about borrowing from your 401(k) plan. Leaving your […]

Richard London CFP

March 2016 Newsletter

How to Succeed in a Failing Stock Market The start of 2016 has not been a good one for investors to say the least. Through the middle of January, the swift, sharp decline was the worst start to a new year ever. Even experienced investors and financial advisors find these market declines unsettling. As an […]

Richard London CFP

February 2016 Newsletter

The Fiduciary Standard In the investment world, there are two different standards that Investment Advisors and Broker Dealers must follow. Many people consider the advice that they receive from both parties as similar, but there are differences that most may not know. This article focuses on the company that you’re doing business with and how […]

Richard London CFP

January 2016 Newsletter

The Savvy Female Saver Women face a different challenge than their male counterparts; they are living longer and spending more time in retirement, but with less savings. Americans in general as a group face a shortfall in retirement savings, but women appear to be saving less than men (Employee Benefit Research Institute 2015 study). Why […]

Richard London CFP

December 2015 Newsletter

Sandwiched Have you heard of the ‘sandwich generation’? The definition of Sandwich Generation is ‘a generation of people who care for their aging parents while supporting their own children’ (Wikipedia). According to the Pew Research Center just over 1 out of every 8 Americans aged 40 to 60 is caring for a parent and raising […]

Richard London CFP

November 2015 Newsletter

Welcome Chip Cards Last month (October 1, 2015) marked the date that retailers will now be held responsible for fraudulent charges that occur at their point of sale terminals if ‘chip technology’ was used during the purchase. You may have already received a new card from your credit card companies or banks with the new […]

Richard London CFP

October 2015 Newsletter

End Of Year $ Moves It’s that time of year again; close to the end! As we enter the last quarter of the year, remember these money moves that you still have time to make: Add to Your 401K. Now is the time to make additional contributions if you are not already maximizing. Some companies […]

Richard London CFP

September 2015 Newsletter

Fueling Financial Errors Finance in general has been based on rational and logical theories, and for the most part tends to be somewhat ‘predictable’. Financial theories assume that people behave rationally and predictably, and that outside factors and emotions do not influence people when it comes to making financial decisions. The fact is, people do […]

Richard London CFP

August 2015 Newsletter

Investor Identity Crisis Hearing the term ‘identity crisis’ can lead to thoughts of confusion, questioning decisions, or changes in behavior that can be good or bad. As an investor, you can have an ‘identity crisis’ by not fully thinking about what you want and how you will react to changes. You need to know yourself […]

Richard London CFP

July 2015 Newsletter

Adult to Adult: Talking to Your Parents About Their Money Having the ‘money talk’ either happens at the ‘wrong time’, or can easily be put off because the generations feel differently about the ‘right time’. Regardless of opinion, having a talk with your parents (or children) is something that is necessary and should occur occasionally. […]

Richard London CFP

June 2015 Newsletter

The Empty Nest Syndrome Empty Nest Syndrome: is a feeling of grief and loneliness parents or guardians may feel when their children leave home for the first time, such as to live on their own or to attend a college or university. It is not a clinical condition. -Wikipedia. This is the time of year […]

updating your portfolio annually

Why You Should Always Keep Your Beneficiaries up to Date

Now that tax season is done for the most part and everyone who could and wanted to contributed to their IRA’s for 2014 have completed that I would like to really focus on a piece that many of us overlook. Many of us are just so busy we forget to do the little things like […]

Advice on IRA Contribution for Las Vegas Residents

Richard London’s Quick Reminder About IRA Contributions

Just a reminder, this is IRA season and below are some key numbers to pay attention to. For 2014, here is the max contribution limits: Traditional IRA – $5,500 ($6,500 if you are 50 and older) Roth IRA – $5,500 ($6,500 if you are 50 and older) SEP IRA – $52,000 (is up to 25% […]