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The Three Most Pressing Fears in Retirement

The most significant fear most people have as they plan for their retirement is outliving their income. Though seven in ten workers say they have confidence in the planning they’ve done to live comfortably in retirement, many may not be prepared for certain risks that could threaten their lifetime income sufficiency.

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INHERITANCE VS. GIFTING: WHAT IS THE BEST WAY TO SHARE YOUR WEALTH GIVEN THE CURRENT TAX CLIMATE?

From their first steps to their first apartment, you’ve been there to support your children through life’s many ups and downs. Naturally, you have and always will want what is best for them. Sharing your wealth with them once you are gone, then, will be no different.

Traditionally, parents plan to share their wealth by leaving their children an inheritance. That is, assets are bequeathed and shared after the parents’ passing. But, should an inheritance strictly be just that? What if you could enjoy seeing your children receive and utilize parts of their inheritance while you are still alive? Read the full article...

TRADITIONAL 401K OR ROTH 401K: IS IT TIME YOU REEVALUATED?

If your employer retirement plan gives you a choice to contribute to a traditional 401k plan or a Roth 401k plan, which do you choose? While contributing to any retirement plan is a big step in the right direction, there may be significant advantages in choosing one type of plan over another—or participating in both. That choice mainly comes down to your current financial circumstances as well as your outlook for the future. Here are some key considerations when deciding between a traditional 401k plan and a Roth 401k plan. Read the full article...

REDUCING FINANCIAL CONFIDENCE “ATROPHY” WITH YOUR FINANCIAL ADVISOR

Most people are familiar with physical atrophy, which is defined as a deterioration, wasting away, or reduction caused by non-use. But, this same concept of "atrophy" can be applied to your financial confidence, as well. Specifically, in the planning you have already done with your financial advisor. Read the full article...

COULD A SECURITIES-BACKED LINE OF CREDIT BE RIGHT FOR YOU?

Have you ever needed cash but didn’t want to sell any of your investments and have to pay taxes? A securities-backed line of credit (SBLOC) could be a good solution.

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How to Have Fun with your Investment Portfolio

As our clients are well-aware, we take a long-term view with our investment philosophy, focusing on crafting diversified portfolios and believing in the power of compounding returns to build and preserve wealth... As prudent and wise as this approach may be, this kind of investing can be seen as boring to some investors. This feeling can be exasperated during periods when technology, trading apps, crypto, and other speculative investment options are garnering so much excitement. Investors can’t help but wonder, am I missing out?

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Why Most Americans Believe They are Happy Underspending in Retirement

What are your retirement goals? That’s a tough question that can be answered in any number of ways. You could begin by explaining how much you want to save before you retire, what you plan to do in retirement, or even how long you hope to live.

But what we’re actually getting at here is: what are your retirement goals for your money?

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Inflation and your Portfolio

Published in the Baltimore Business Journal on May 27, 2020

If you have turned on CNBC, read the Wall Street Journal, or consumed any financial news as of late, you have no doubt heard about inflation. Inflation is a general rise in the level of prices and is measured by the Consumer Price Index or CPI. Let's review a few big factors driving inflation and how it could affect your portfolio. 

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3 Financially Savvy Ways to Reduce Your Mortgage Interest

Published in the Baltimore Business Journal on April 2, 2021

With interest rates still hovering around historically low levels, extra cash in our pockets from several stimulus payments, and reduced spending as a result of the economic lockdown, here are three strategies you could utilize to help lower the amount of your mortgage interest paid over time.

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How do I Know When It’s Time to Hire a Financial Advisor?

When it comes to your financial future, there is no doubt that the decisions you make today can drastically impact the course of your life.  From choosing the right investment strategy to minimizing tax liability, choosing appropriate insurance policies and limits, and retirement planning, all of the actions you take (or don’t take) in the present could have long-lasting repercussions.

But, when is the right time to stop doing things on your own and enlist the help of a professional financial advisor?

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