Bruce Helmer and Peg Webb
A 2018 study by health services company, Cigna, found that almost half of all Americans experience loneliness and/or social isolation at least occasionally, leading the study to state that we're experiencing a loneliness epidemic in the U.S.
We are currently in the thick of Medicare open enrollment, but what if you want a policy that will help cover copayments or deductibles? This is where acquiring a Medicare Supplemental Insurance, otherwise known as Medigap, or a Medicare Part C, or Medicare Advantage, policy can help. But what are the differences between the two? And how do you tell which makes the most sense for you? We've laid out a list of things to consider when deciding between a Medigap plan or Medicare Advantage. What's the Difference Anyway?
It's that time of year where people are in the Halloween spirit and are carving pumpkins, collecting candy and facing their fears to watch scary movies. Along those same lines, we recommend that you also get over your fear of that scary financial conversation you need to have with your loved ones, whatever that might be. So whether you need to discuss paying off debt, your retirement date or just getting on a stricter budget, here are some tips to help make those scary financial conversation a little less fear-inducing. Stick with topic at hand
The days are getting shorter and many of us are eyeing our thermostat, ready to turn on the heat as soon as the temperature dips too low. Just as quickly as summer turned to fall, sooner than we realize (or than some of us would like) winter will be on our doorstep, too. As we prepare for cooler days, longer nights and a change in the weather, we wanted to give you some advice on how to save money on energy costs, all while lowering your environmental impacts. Take a Second Look at that Thermostat
It's the fourth quarter and your hometown team's quarterback makes a pass through double coverage to his favorite wide receiver. He runs the ball across the 20-yard line before he's tackled. But it's a first down and your team has time to strategize before they attempt their end goal of scoring a touchdown — time they can take to look at all of the angles and decide on the right play after assessing all of their options. With football on our minds, we look at what you can learn from those football stars when approaching your own retirement red zone.
Meeting with a financial adviser, or a new financial adviser, is the first step in creating a relationship with the person you may choose to put your financial future in the hands of. It's a huge responsibility that your future adviser should not take lightly, and neither should you. In order to make sure you are working with a reputable, capable adviser, we recommend asking the following questions at your introductory meeting: 1. Are you independent?
Creating a comprehensive financial plan is not an easy task—if it was, everyone would have one. It's about so much more than setting aside a portion of each paycheck for retirement. It's about creating a plan for the life you'll live after you stop working and covering all the bases so you can feel confident that you're setting yourself up for success. In order to create a rock solid financial plan, we recommend discussing the following topics with your financial adviser. Tax Planning
As financial advisers, we often hear questions from family, friends and new clients about when to start saving for retirement. The short answer is, the sooner the better. So whether that means you can start after getting your first job or 20 years into your career, it's never too late to start preparing for retirement. With that in mind, here are a few things you can begin thinking about today to strengthen your financial plan and begin saving for retirement no matter what your age is. Your 20s: Save, Save, Save
The days are getting shorter and the summer heat is beginning to die down now that Labor Day weekend is upon us. Soon enough we'll be bombarded by pumpkin spice everything, Halloween decorations and holiday gifts will be stacked on the shelves of stores far before we're ready to purchase them. With this weekend being the unofficial start of fall, we thought we'd put together a few ways you can stay financially responsible this fall. Plan Ahead for Holiday Shopping
Earlier this year, anyone with money in the stock market was likely feeling a pinch after watching the S&P 500 drop by over 300 points in February. And then after a brief recovery period, we saw the markets take another hit in March, which led many investors to become concerned that we were on our way to yet another stock market crash. But what exactly is a stock market crash and how is it different from a correction?