Blog

Thursday, May 16, 2024

Understanding how Social Security benefits work is crucial before exploring decision-making. The Social Security Administration (SSA) provides retirement benefits based on your earnings history and the age at which you choose to claim...

Monday, April 8, 2024

With the hustle and bustle of daily life, it's easy to set and forget many aspects of our financial planning, including insurance policies. Property and casualty (P&C) insurance, which covers our homes, vehicles, and other valuable assets..

Tuesday, March 12, 2024

In today's fast-paced digital landscape, safeguarding personal and financial information is paramount. With the prevalence of online transactions and the increasing sophistication of cyber threats, taking proactive measures to...

Wednesday, February 21, 2024

Our recent exploration into maximizing estate and gift tax exemptions is intricately connected to the broader theme of our last blog, "Aging in Place with Confidence: Addressing Concerns and Realities." We've been advocating for...

Wednesday, January 10, 2024

Picture a life where the dawn's golden rays gently illuminate cherished moments, where the joyous laughter of grandchildren fills the air, reminiscent of the echoes of your youthful days, and where the sweet scent of nostalgia...

Show All

Tuesday, December 19, 2023

Life is constantly evolving, with significant milestones, personal growth, and unexpected changes. As we navigate through life, our financial and insurance needs also undergo shifts, transitioning from year to year and from one decade...

Monday, December 11, 2023

Charitable giving has always been a noble way to support causes close to your heart while also potentially reducing your tax liability. However, not all charitable contributions are created equal. One lesser-known but highly...

Monday, November 27, 2023

Gift-giving is a heartwarming gesture that allows us to show our love and appreciation for our friends and family. However, it's essential to be aware of the potential tax implications associated with generous gifts. The Internal...

Tuesday, November 14, 2023

There can be a significant disparity between the retirement income sources workers expect and what retirees actually encounter. Retirement income often originates from various avenues. Let's take a brief look at the six primary...

Friday, October 27, 2023

Many people in the “sandwich generation” know all too well the tendency to burn the candle at both ends. These are the individuals who find themselves in the dual role of raising their children while also tending to the...

Monday, October 23, 2023

One of the pivotal choices that most retirees will make is what to do about Medicare, the government-sponsored healthcare program for persons age 65 and older. This decision carries significant weight for many reasons, but perhaps the...

Friday, September 29, 2023

The saying goes, "The first generation builds it; the second generation maintains it; the third generation loses it." This proverb reflects the commonly held belief about the cycle of wealth accumulation and loss. Unfortunately, it has...

Thursday, August 31, 2023

When you were young and embarking on your career journey, maybe you dreamed of owning a spacious home on a sprawling property. One with plenty of bedrooms for the future children you envisioned, a multi-car garage, and a lovely...

Friday, August 18, 2023

Surprisingly, the term "bucket list" (referring to a list of things to do before one's demise) actually emerged in 2007, coinciding with the release of the movie bearing the same name. Considering its widespread popularity and frequent...

Monday, July 31, 2023

Retirement, ah, that magical phase of life where you bid farewell to the daily grind and embark on a different kind of adventure. It's a time to savor the fruits of your labor, explore new horizons, and embrace the freedom that comes...

Tuesday, July 18, 2023

The global population of people aged 65 and above is increasing due to healthier lifestyles and modern medical advancements. In the last ten years, the number of people 65 and above has risen by 38%, and it is predicted to reach 94.7...

Wednesday, June 28, 2023

As a parent holding your precious newborn, you dream of their success in life, including the many opportunities that come with a college degree. However, we all know how expensive it is to care for a child from birth through high...

Friday, June 16, 2023

When is the right time to retire? It's a question that many of us will face at some point in our lives. For some, the answer is easy – they know when it's time to leave their job and enjoy their golden years. For others, it can...

Tuesday, May 23, 2023

No one ever plans on becoming disabled, but the unfortunate truth is that accidents happen and illnesses occur. In fact, according to the Social Security Administration, around 25% of today’s 20-year-olds will become...

Friday, May 19, 2023

Many people experience a mid-career crisis after dedicating around 30 years to their work. A lack of excitement for the job or exhaustion from long work hours can cause this crisis. If you are feeling uncertain, know that you are not...

Thursday, May 4, 2023

Teaching our children about personal finance is crucial in setting them up for a financially stable future. This includes guiding them on wise spending habits, budgeting, charitable giving, and saving. Investing is also a particularly...

Monday, April 10, 2023

Summer vacation will be here before we know it, and for parents of teens that may mean that your child is gearing up for a summer job — for some, their first experience in the workforce. Whether they’re going to work at a...

Wednesday, April 5, 2023

It's that time of year again when we pull together our key documents and calculate what part of our earnings should be paid to the government — or how much they owe us. If you haven't already, it is high time to start considering...

Thursday, March 23, 2023

Throughout the years, society's traditional gender roles have changed drastically. According to a study from the Council on Contemporary Families at the University of Texas, approximately 70% of women can anticipate being their...

Tuesday, February 28, 2023

Do you have a will? If not, you should definitely consider setting one up. We have discussed before how important a will is for ensuring that your assets are distributed according to your wishes after you die. However, a will...

Wednesday, February 15, 2023

The cost of a college education has been rising steadily for decades, and it shows no signs of slowing down. As a result, many parents find themselves struggling to save enough money to cover the cost of their child's education....

Tuesday, January 31, 2023

When is the right time to retire? It's a question that many of us will face at some point in our lives. For some, the answer is easy – they know when it's time to leave their job and enjoy their golden years. For others, it can...

Tuesday, January 10, 2023

It's that time of year again when we reflect on the past twelve months and set resolutions for the coming twelve. Often, our New Year's resolutions revolve around self-improvement in various areas of our lives — fitness,...

Wednesday, November 30, 2022

We all want what is best for our children and grandchildren, and that includes setting them up with a strong foundation to succeed on their own. Part of this foundation includes teaching them about financial stability and making sure...

Monday, November 21, 2022

The holiday season is here, which for many of us means large family dinners and time spent reflecting on what we're grateful for. While in years past the focus has been on Black Friday deals, more recently there's been a shift toward...

Wednesday, November 2, 2022

Marriage is a wonderful thing, but it can also be a challenging adjustment - especially when it comes to money. Many couples argue about money, and it's even one of the most difficult relationship challenges that people face. In fact,...

Tuesday, October 18, 2022

With the number of years I been your financial advisor, (long enough to have experienced the full range of the “market roller coaster”), you’ve no doubt heard me talk about the “emotional stages of...

Thursday, September 22, 2022

With lifespans growing longer, many experts predict that post-retirement jobs will become more and more prevalent. In reality, a person reaching age 65 today can expect to live 19 to 21.5 years longer, with around 14% living...

Friday, September 9, 2022

As health care costs continue to climb, more and more people are looking for ways to save money on their medical expenses. One way to do this is to open a Health Savings Account (HSA). The health savings account (HSA) has...

Tuesday, August 16, 2022

Lately, there has been a feeling of financial chaos in the world. The stock market is constantly fluctuating, and it seems like every other day there's a new headline about the state of the economy. For many people, this can be cause...

Monday, July 25, 2022

Throughout my interactions with many of you over the past three to four months, I have heard the following regarding how you are feeling about the markets so far this year: “frustrated”, “scared”,...

Wednesday, July 13, 2022

Life happens and we never really know if or when something drastic may happen in our lives. That’s why it is so important to be prepared. Working with our clients on their financial well-being also means helping to ensure that...

Friday, June 3, 2022

When it comes to financial planning, one of the most important things you can do to ensure your financial security is build up an emergency fund. An emergency fund is money that you set aside to cover unexpected expenses, such as a job...

Tuesday, May 31, 2022

When it comes to saving for retirement, there are two main types of IRAs: Traditional and Roth. They offer different tax benefits, so it's important to understand the difference before you decide which is right for you. Here's a look...

Friday, May 13, 2022

When you close your eyes and picture your golden years, what do you see? Do you dream of fixing up an old sailboat and sailing along the coast? Sunny afternoons on the golf course? Spending more time with your grandkids? Whatever your...

Monday, May 2, 2022

There's a lot of talk about cryptocurrency lately. Whether you're for it or against it, chances are you've heard of Bitcoin, Ethereum, and other popular forms of digital currency. Cryptocurrency has become a hot topic in the investment...

Thursday, April 14, 2022

Should you invest in your child's education or save up for retirement? Odds are if you're asking this question, you already know that there is no clear-cut answer. In fact, for many parents, deciding whether to fund their retirement...

Wednesday, March 23, 2022

According to the National Philanthropic Trust, approximately 90% of high-net-worth households give to charity. On average, high-net-worth donors gave $29,269 to charity in 2017. And adults are more likely to give to charity if...

Wednesday, March 9, 2022

If you're a business owner planning your exit strategy, it's possible that you have considered a family business transfer. Family business transfers can be a smart and strategic way to pass the reins of your business, but, like any...

Wednesday, February 9, 2022

It's no secret that people are living longer lives, thanks in great part to advances in medicine and medical practices. While the World Health Organization points out that a longer life expectancy brings many opportunities for...

Tuesday, January 25, 2022

During the pandemic year of 2020, most of us read (and used) the phrase “unprecedented times” … with … well … unprecedented frequency. 2021 was another year of many “firsts” that are still having economic, financial, and lifestyle...

Friday, January 7, 2022

There are many factors to consider when planning for your retirement — and one of them is how, when, and how much you will withdraw from your retirement accounts. Plus, you’ll want to determine what is the most advantageous...

Wednesday, December 15, 2021

Today, we're sharing Commonwealth Chief Investment Officer Brad McMillan's thoughts on the Omicron variant and whether it will impact economic recovery.   It has been going on two months since we last took a...

Wednesday, December 1, 2021

With inflation currently running at just above 6%, its highest level since 1990, and especially since it got there so rapidly (the annual rate was 1.68% in February of this year, as the economy continued its recovery from the pandemic...

Wednesday, November 17, 2021

We all want to make sure our children and grandchildren are provided for, and so we set up secure, foolproof trust funds—or so we think. There are several mistakes you can run into when designing a trust. Here are a few of them:...

Thursday, November 11, 2021

The holiday season is a special time, especially for families. From spending quality time together to sharing celebrated traditions, the spirit of joy and giving is especially prominent this time of year. As you begin to cross friends...

Thursday, October 28, 2021

Divorce can be a traumatic, demoralizing experience. When you’ve built your life with someone for 20-plus years and always shared life’s big moments with your ex-partner at your side, it can feel like the rug has been...

Thursday, October 14, 2021

Over the past 18 months, from the start of the pandemic, I have had discussions with many of you about continuing to plan for your retirement. Some of you have moved up your initial retirement target date, while others have had to look...

Thursday, September 16, 2021

 The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off. This home equity can be a valuable source of extra income during your retirement years....

Thursday, September 9, 2021

It can be difficult to think about the future when you're caught up in the bustle of day-to-day life, but as you've heard me say before, one of the most important pieces of your overall financial plan is doing just that, planning...

Monday, August 23, 2021

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge....

Thursday, August 19, 2021

As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business. Selecting the right...

Thursday, August 19, 2021

Setting the scene From refining your skills, to gaining expertise in your field, you have spent years, decades even, working towards the peak of your career, and it's likely that your professional achievements have also come with some...

Tuesday, August 17, 2021

There's no denying the fact that the COVID-19 pandemic changed the way we live our lives. From making the shift from working in an office to working from home, to catching up with friends via Zoom instead of at happy hour or on the...

Tuesday, August 17, 2021

Have you ever been in an antique shop and seen one of those vintage diner menu signs? 5¢ for a cola, 10¢ for an ice cream, and so on... In comparison to today's prices, it can seem hard to believe that goods were ever so...