Credit agency Equifax announced last week that it suffered a data breach affecting 143 million U.S. consumers. The hack exposed names, Social Security numbers, addresses, birth dates, and driver’s license numbers—all critical pieces of information used by identity thieves to impersonate people and conduct fraud. This is probably the most consequential data breach in history, […]
“Confidence in Retirement”
The Top 6 Numbers You Need to Know to Gain Confidence in Your Finances I meet with people every day who are book smart, street smart, you name it. That being said, I’m still amazed that no matter how well educated or independent they may be, they are often times naïve when it comes to […]
6 Ways to Get Your Finances on Track Unless you live under a rock, you know this past weekend was Super Bowl LI. Millions of people watched, and whether you’re a Falcons fan, a Patriots fan (like me!) or you just wanted to see Lady Gaga at halftime, chances are you planned your entire day […]
The first few weeks of 2017 have come and gone. How are those resolutions holding up? If you’re like many Americans, making better financial decisions and/or saving more money was at least one of your resolutions for this year (right after losing weight and making healthier decisions). If you are struggling to stay committed to […]
The Bipartisan Budget Act of 2015 was signed into law by President Obama on November 2, 2015. The budget agreement suspends the debt limit through March 15, 2017, and creates a framework for a spending bill to fund the federal government for the next two fiscal years. As part of the deal, lawmakers agreed to some major changes for Social Security, including the end of two Social Security claiming strategies — “file and suspend” and “restricted application” for spousal benefits. These strategies have given couples the potential for increased lifetime payouts.
We are all witnessing the increased volatility in the financial markets and it is natural to wonder how this may impact our wealth. Often times the various media outlets will sensationalize news at the expense of our emotions. We urge you not to focus on the headlines at the expense of your personal goals. We will remain vigilant and continue to monitor market developments. In that regard, we wanted to highlight a couple important aspects:
By remaining diversified when it didn’t feel good (2014) and sticking with your allocations, you will see that you directly benefited this first quarter. International equites and high yield bonds each provided more than double the return of the stock market in Q1. This is the main value to staying diversified: One never knows which asset class will provide the best source of positive return over shorter time periods. With diversification you typically benefit by having a less volatile portfolio, which is really important for those of you who rely on your accounts to provide monthly income.
Are you feeling lousy about your 2014 investment returns? Me too! Let’s take a stroll down memory lane and review what happened last year. Typically, clients only hear about “the market” — or the S&P 500 as we advisors call it. It’s the benchmark for news outlets and magazines to write about and report on. […]