Taxes can play a huge role in the efficiency of your retirement savings. The tax type of an account or investment can vary and potentially impact your overall retirement savings dramatically. Before you decide to allocate money to a particular investment, it’s important to understand how taxes can impact the return on the investment.
When you hear the term market sectors or market rotation, what are they talking about? What is a sector and how does that effect my portfolio? The market is divided into three broad categories. 1). Defensive stocks: companies that should do well in good times and bad. They are the essentials of life. 2). Growth companies: ones that are more volatile with great opportunity for gains and losses. 3). Cyclical companies: ones that literally cycle in and out of favor, generally based on the underlying economy. Within each broad category are sectors, companies whose stock is going to trend similarly with good and bad news.
The spread of Covid-19 has raised a lot of anxiety around money. One of the number one questions I am getting asked is “What should I be doing financially right now?” The answer to this question really depends on your current financial situation and why you are asking the question. Are you concerned you may not have the liquidity to sustain extended unemployment or pay cuts? Are you wondering if you should be investing? Are you concerned about market volatility?
One of the first things I hear people say when I tell them I am a Financial Planner is "I will come see you when I have some money." The truth is you should come see me before you have money in the bank. If you are fresh out of college & starting your career, building a business, a few years into working or starting anything that effects your financial life, you should seek a Financial Planner.
What is my benefit and when should I claim? The Primary Insurance Amount (PIA) is the monthly benefit you'll receive if you apply for Social Security at full retirement age
"What keeps you up at night?" This is one of the first questions I ask clients that I am sitting down with for the first time.
