The recent impact from the global pandemic has certainly shaken markets. Markets tend to have the greatest impact on portfolio assets and can cause you to question whether you are doing things right, or do you have the right team to guide your plan. Here are five areas to confirm and adjust, so you are prepared for the recovery. Do you have the proper emphasis? In the order of importance, the six elements of the success fundamentals are: How early you start investing How often you … [Read more...] about 5 Financial Moves to Thrive in the Recovery
Before you think that this is a “conspiracy theory” laden post, let me put your fears to rest. I am not suggesting that the government is ACTUALLY going around and eliminating people, but I am posing the question “Are the (unintentional) actions of the government truncating what could be a much longer life?” Here is a question, and a bit of a history lesson, “How exactly was the age of 65 determined for the use of Social Security?” Many have suggested that it was based upon the German … [Read more...] about Is Our Government Preventing Us From Longer Life?
How concerned are you about the recent market activity? With a carefully crafted and well-executed financial plan, these events become a blip on the radar of the decades of enjoyment of a 100 Year Lifestyle. So what is your definition of financial planning? Ask any group of people this question and most likely each person will answer differently. The truth is, they may all be right because financial planning is very personal and also complex. No financial prescription fits all people, … [Read more...] about The 6 Biggest Risks To Your Retirement Future, and How To Avoid Them
There's nothing like getting a top education in college. Unfortunately, the price of college tuition has been rising steadily over the last decade. In 2019, the U.S government student debt alone was responsible for 1.6 Trillion dollars of the deficit. That's a lot of zeros. That is a 116 percent increase over the same 10 year period. It is amazing to think that the average person with U.S. household debt owes just over $47,000. The statistics are scary, and as you digest that number in your … [Read more...] about The Truth About Student Loans
Having a financial plan for the future while paying down debt is the secret to success. I’m a retired chiropractor, so I meet a lot of people in the medical field. Like a lot of college graduates, they carry a heavy debt load, mainly from student loans. Whenever I start to tell them about the importance of developing a financial plan that will ensure a secure future, I often get sighs. They ask, “How can I hope to put away even an extra dollar now when I owe so much for my education?” They … [Read more...] about A Financial Plan is a Winning Formula