Has the recession started? When will it end? Most questions I am getting these days revolve around the idea of whether or not we are in a recession. Rising interest rates, lower GDP, and corporate earnings all point to recessionary times, but it is difficult to know when we enter or when we are done. Read the full article…
A trust is a legal agreement between two parties: the trustee and the trustor (sometimes called the settlor or grantor). The trustor is the person who establishes the trust and transfers assets into it. The trustee is the person or entity responsible for managing those assets according to the trustor’s wishes. Often the trustor will also be the trustee, Read the full article…
Presented by Philip Clark, CFP®, September 2020 Are women saving and investing enough today? How about you? Do you feel financially prepared for the future? Taking control of your financial future is so important, and it starts with saving and investing actively. Here are some of the reasons this is crucial. The earnings gap. Men Read the full article…
A practical financial checklist for the future. Presented by Philip Clark, CFP®, September 2020 When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old woman will live to age 86½. Given these projections, it Read the full article…
If you make too much money to open a Roth IRA, you could create one this way. Presented by Philip Clark, CFP®, September 2020 You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Potential earnings in a Roth IRA grow tax free as long as the owner abides Read the full article…
As a parent, of course you want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s choice may not be as easy as it once was. Additionally, the earlier you consider how you expect to Read the full article…
Thinking about coverage as you enter a new phase. Presented by Philip Clark, CFP®, June 2020 With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you Read the full article…
Wise moves to make before things are finalized. Provided by Philip Clark, CFP® Before your divorce goes through, it would be wise to check up on financial matters. It would be better to assess the state of your financial life before the split rather than after. Find out where you stand financially. Beyond your salary Read the full article…
The hows and whys of college savings. Provided by Philip Clark, CFP® The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little one’s college education Read the full article…
Why are they made again and again? Providedby Philip Clark, CFP® Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Read the full article…
