Professionals who help families overcome addiction are selfless, oftentimes putting their own needs behind those of their clients. Is this you? Click the audio player below to hear my conversation with Candace Bellamy, MD, host of the Strong Women in Medicine podcast, as we discuss how to cope with financial stress. Want to learn more about how your behaviors may be impeding your financial success? Click here to take a brief 5 minute questionnaire. Upon completion, the results will be immediately emailed to you.
IRS Makes Contribution Limit Changes for 2022
The Internal Revenue Service recently announced a change that could significantly impact your retirement strategy. Starting in 2022, the amount you can contribute to your qualified retirement savings plan will increase. The new change will apply to 401(k), 403(b), most 457 plans, and the Thrift Savings Plan. Click below to learn more about how this will affect you and your finances. And don’t hesitate to reach out with any questions you have. Click here to learn more
Adding Value To Your Benefit Package with Long-term Care Insurance
Employers: Are you offering Long Term Care insurance as a benefit to your employees? Even those with substantial incomes and adequate retirement savings are concerned with how they would cover the costs of medical care for themselves or their loved ones, this benefit holds positive implications for staff retention and productivity. Let me help you to understand your options. Click here to learn more.
The Need for Disability Income Protection
You were just in an accident and are going to be out of work for months. Do you have a plan that addresses this contingency? A financial advisor will explain the options and design a program to suit your needs. Click here to learn more.
Healthcare Planning
Maybe you get your health insurance through your employer. What happens when that option is no longer available to you or your family? You need a strategy to cover your health expenses for your entire life, not just your working life, or your current employer.
Life Insurance
Your family depends on you. Life insurance is but one tool in your risk mitigation strategy. With so many choices, how do you know that you have the right amount and type of coverage? Let’s talk today – you don’t have to do this alone.
A Plan for Life
Finances – Does this topic keep you awake at night? Do you know what you have? Let’s get started on building a financial plan that gives you a realistic picture of your situation today and your dreams for tomorrow.
What is the Meaning of Diversification?
While the question is simple, the answer is not. Below I have listed several factors where diversification plays a role in reducing risk in an investment portfolio. Asset allocation Most people think of asset allocation when considering if their portfolio is properly diversified. We allocate our monies across the following three (3) asset classes: equities, fixed income, and cash. The decision to include an asset class is based upon their historical correlation with other asset classes. Correlation measures the strength of the relationship between two asset classes, where the value can range from +1 (perfectly correlated) to 0 (no relationship) …
Collecting Social Security While Working
According to a 2018 report prepared by the Stanford Center on Longevity, most American workers have not saved enough to allow them to retire at age 65 while maintaining their current standard of living. In 2019, a record number of American workers have lost their jobs, further diminishing their likelihood of a fully funded retirement. Many senior citizens are forced to seek employment in order to supplement their social security benefits which alone are unable to sustain them. This report will examine the implications of working while collecting social security, and what you can do to minimize the impact to …
529 Plans
A 529 Plan could be the answer for parents concerned over college tuition costs and financial assistance.