Sense and Cents: Money Matters for Kids

Parents want their children to grow up to be financially healthy. We all have a money script, or a default mode in the ways we interact with and use money. Often our money patterns are ignored, inherited, imbibed or intentional (or a combination of all these). When ignored, we live in a constant state of…

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4 Myths About Financial Advisors and Investing Debunked

Properly managing your money is one of the most important things to prioritize. Money isn’t everything, but it can be a catalyst for what you care about most: retirement, career advancement, lifestyle goals, and more. Because money management is so critical for our well-being, many people seek help from financial advisors. A great financial advisor…

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How Your Estate Plan Will Help You Leave A Legacy

An estate plan is an essential part of your retirement planning. Thinking about this era of your life may feel far off, but planning for it now will help you feel at ease. An estate plan also lets you know that your loved ones are taken care of and that your money will support things…

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Silicon Valley Bank 🏦

While spring approaches, markets have grown turbulent on news of potential problems in the banking sector after the rapid closure of Silicon Valley Bank. Nearly every year, the FIDC puts a few banks into receivership. As a result of the Global Financial Crisis (2008-2009), 157 banks failed by 2011. The total assets affected during that…

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When Is The Best Time To Collect Social Security Benefits?

Over 69 million people in the United States receive social security benefits — so needless to say, it’s a pretty important topic. Understand that the government is simply giving you back all the money they deducted from your paychecks (“FICA”) while you were working.  But with the many nuances and complexities of the social security…

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The SECURE Act 2.0

On December 29, 2022, the SECURE Act 2.0 was signed into law by Congress. As you may recall, the original SECURE Act (2019) made several changes that impacted retirees: The goal of the SECURE Act was initially to encourage retirement savings and make it easier for businesses to support their employees with these types of…

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Millennial Money

Millennials. Those born between 1981 and 1996; ranging in age from 26-41 years old. VHS, Windows ‘98 startup sound, Blockbuster Friday nights, those never-ending strawberry candies at your grandmother’s house, watching “The Price Is Right” when you were “sick” at home from school, Nintendo 64 – the list goes on and on. Bring up nostalgia? …

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Contingency Fund: Individual Retiree Risk Management

The goal of this article is to provide an actionable framework for contingency planning for individual retirees through the modern retirement theory (MRT) perspective. Contingency planning encompasses a retiree’s risk management processes, techniques, and strategies, along with a choice architecture. Our goal is to provide insights that are mitigating to those conditions within longevity that can impair or impact a retiree’s ability to remain retired. We offer three risk categories—known, unknown, and unknowable—as an organizational scaffold that demands an intentional choice be made by the retiree. Then, to guide an individual retiree’s decisions about contingency planning, we put forth an active risk selection matrix. The 3-R matrix can be used for guiding and evaluating risk choices through risk recognition, risk reduction, and acceptance of residual risk.

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