Annuities

An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future.  You will buy an annuity by either making a single lump sum payment to the insurance company or a series of payments to them over time.  An annuity provides you with a predictable stream …

Mistakes to Avoid After the Loss of a Spouse

Losing a spouse can be overwhelming. It can be filled with grief, confusion and uncertainty.  It’s also a time where you could make mistakes that could have long lasting ramifications.  Especially if you weren’t the one that handled the finances or you didn’t have much of a hand in the financial planning.  Below, we have identified some of the biggest …

Scams Targeting Seniors

Seniors are particularly vulnerable to financial fraud, and they are common targets for scam artists. Experts recommend that seniors always maintain control of their money and assets and never invest in anything they don’t understand. They should also involve a financial adviser or family member in any unfamiliar transaction. Finally, they should remember that many scam artists are polite and …

The Water Wheel of Money

In Best Selling Author Peter J. D’Arruda’s book “7 Baby Steps to a Ridiculously Reliable Retirement Income”, he was inspired by two things:  “(1) The need for seniors to have as steady and reliable an income stream in retirement as they did when they were working, and (2) his daughter, Caroline (affectionately known as Carrie), whose transition from expert crawler …

Divorce in Retirement

WHY YOU NEED TO SEEK A FINANCIAL ADVISOR DURING A DIVORCE Divorce is stressful.  Not only do you have to worry about your emotional and mental well being, you also have to worry about your financial well being too.   During a divorce, you and your spouse will be forced to make and accept a myriad of major decisions that will …

To roth or not to roth… That is the question.

If you are like a lot of people, you may not know what the difference is between a Roth IRA or a traditional IRA.  In today’s financial world, knowing the difference could save you potential headaches and thousands of dollars in taxes down the road.  It will depend on your personal situation, and you need a dedicated Financial Advisor like …

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 …