Understanding Life Insurance

Life insurance can play a vital and valuable role at virtually every stage of your life. Its main benefit is to replace a household earner’s income in the event of their death, although it can also help pay for other things as well. This financial security you’ve created for the ones you love should be protected. There are many choices …

Year End Retirement Planning Deadlines

There are a number of things you can do to potentially help save you thousands of dollars on your 2020 tax return.   Remember these year-end retirement account deadlines: Contribute to your 401(k) plan by Dec. 31. Retirees can skip required minimum distributions for 2020. Take coronavirus expense withdrawals by the end of the year. Donate your IRA distribution to charity. …

Common Retirement Risks

Whether we like it or not, there are always going to be risks when it comes to planning for our retirement. Some risks are obvious. Some aren’t. Here are a few key areas to pay attention to when putting your plan together: Longevity: Don’t outlive your wealth and available income; Market: Assess your investment strategy and make sure you are …

Core and Explore

Coach Pete and his team at Capital Financial offer a comprehensive approach to financial planning, focusing on strategies to help you generate adequate retirement income and make that retirement income last throughout your lifetime. One of the strategies they recommend is having Core Money. Core Money is protected and safe from risk. To earn enough profit to fund your life …

Retirement Planning During a Pandemic

The crisis stemming from the SARS-CoV-2 pandemic has thrown our society into an unprecedented state of fear and uncertainty. In a relatively short span of time, this invisible enemy has turned our entire world upside-down, disrupting every aspect of life as we know it. School is different. Work is different. Business is different. It may feel like the financial world …

What is a Fiduciary?

You may have been watching television or driving down the road and heard a commercial with the words “a true fiduciary”, but do you know what that really means?  Most people don’t understand the meaning of “fiduciary” and how it can affect you and your financial future.  A fiduciary is a person or organization that acts on behalf of another …

Saving The Day

There is always a question of, “What is the market going to do?” I don’t care what TV station you turn on or what radio station you tune to, they’ve all got different ideas. I think in the financial world, a lot more focus needs to be put on not where the markets are going and not what’s going to …

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Wealth Psychology

A few months back, I had a rather wealthy client literally explode into tears in my office. She was heartbroken at how her children and grandchildren were always fighting, never able to save a penny, and not one seemed to appreciate the amount of work she and her deceased husband had put into building a sizable estate and a chain …

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It’s Your Business – Afraid of Change

It’s Your Business – Afraid of Change We want to do things that are right and repeat them over and over again.  But as a business owner, it’s good to change things up from time to time.  #1 change is technology.  People don’t realize how technology out in your industry will change the competitive nature of who is going to be your next competitor, looking …