Ease Your Concerns about Having Enough for Retirement

By Michael Andersen | August 16, 2017 | 0 Comments

When working Americans think about retirement, many are fearful that their savings will not last as long as they need it to. According to 2016 research from the Transamerica Center for Retirement Studies, running out of money is the top concern for those approaching their retirement. People are living longer lives and retirement savings has not caught up with our increased longevity yet. There are things that you can do to reduce the risk of outliving your money and ease your fears about your retirement years.

In order to make your savings last as long as you need them the following steps can help to put you in a good position:

1. Maximize your opportunities for tax deferred savings through workplace retirement plans.
2. Investing your money responsibly in order to put the power of compound interest to work.
3. Maximize your social security benefits by waiting to take disbursements for as long as you can.
4. Consider phasing into retirement gradually so that you still have some income beyond retirement savings and Social Security.

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Michael Andersen Featured in Kiplinger | Use Dividend Stocks to Dial Down Your Market Worries

By Michael Andersen | August 1, 2017 | 0 Comments

If you’re worried that stock records won’t last, the boost that dividend stocks provide over the long-term could be a calming cushion.

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Helping Your Aging Parents Get Organized and Age in Place

By Michael Andersen | July 27, 2017 | 0 Comments

As people advance in age there are necessary steps to take to help them unburden the physical demands of getting around. Helping aging parents organize their physical space to ensure their ability to move safely through their home is important, but it is important to help them reduce their mental strain too.

Organizing paperwork and bills, showing them where and how to access vital information and reducing their clutter can help those in old age to stay safely in their homes without feeling overwhelmed and confined by clutter and disarray. The following is a guide to help people stay independent and mentally and physically uncluttered as they age.

If we see a person who is successful, it is often assumed that they are happy. On an existential level we should consider what it all means. In reality, we actually have no idea whether or not that person is either happy or successful; for a couple of reasons: First of all, we can only measure someone else’s success or happiness by what we know about them. Secondly, and more importantly, we can only measure someone else’s success or happiness by how we define success and happiness. There is really no way of knowing whether their measures are even similar to our own.

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Financial Success

How Do You Define Financial Success?

By Michael Andersen | July 18, 2017 | 0 Comments

When it comes to happiness, success is often synonymous. But what, exactly, does that mean to you?

If we see a person who is successful, it is often assumed that they are happy. On an existential level we should consider what it all means. In reality, we actually have no idea whether or not that person is either happy or successful; for a couple of reasons: First of all, we can only measure someone else’s success or happiness by what we know about them. Secondly, and more importantly, we can only measure someone else’s success or happiness by how we define success and happiness. There is really no way of knowing whether their measures are even similar to our own.

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Michael Andersen Featured in Kiplinger | Retirement Milestones You Can’t Afford to Miss

By Michael Andersen | July 12, 2017 | 0 Comments

You probably know the significance of age 65 (Medicare!). But how about age 50? Or age 59½? Or 62? These are just a few of the important milestones that retirees and future retirees need to prepare for.

Most Americans still think about retirement as something that will happen around age 65 – give or take a few years.

That’s when you reach the traditional milestones: Medicare kicks in, and Social Security is available should you need or want to start making withdrawals.

But there are other deadlines – both before and after your mid-60s – that are important to keep in mind if you want to make the most of your investments, avoid government penalties and save on taxes. Here’s a quick checklist:

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Are You Prepared for a Financial Emergency?

By Michael Andersen | June 20, 2017 | 0 Comments

Throughout our lives we are faced with unplanned events that can have a lasting impact on your finances if you haven’t planned in advance for them.

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Simple Things You Can Do to Protect Yourself from Cyber Threats

By Michael Andersen | June 20, 2017 | 0 Comments

With the recent cyber threats that impacted businesses and individuals it is a reminder that technology is exponentially expanding and proliferating our personal and professional lives more and more each day. While this brings its advantages and efficiencies, it also opens us up to many kinds of threats to our privacy and security.

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Retirement Planning: Five Steps for Peace of Mind

By Michael Andersen | May 8, 2017 | 0 Comments

When it comes to planning for retirement, peace of mind and relaxation are not the first emotions that come to mind. Though it is peace of mind and relaxation that people are ultimately striving for in their planning efforts.

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Financial Education

Invest in Your Children’s Financial Education to Give Them a Head Start on Good Money Habits

By Michael Andersen | March 29, 2017 | 0 Comments

Parents look to raise their children to become responsible adults and capable of making prudent decisions throughout their lives. But for many children, lessons in money management and financial literacy fall by the wayside. This is unfortunate, because as adults they will need these skills to make important decisions about money and finances.

Investing in your child’s financial education can have lasting benefits for their future.

If children don’t learn these values by the time they strike out on their own, it’s likely they’ll become lifelong dependents, sponging off of Mom and Dad until their parents’ money is depleted or their financial future is in jeopardy.

Parents are often in the best position to teach money management skills and financial literacy to children—they are often a child’s first and longest-lasting teachers. Children also tend to follow the lead of their parents, who can instill important lessons and values in the earliest years through teaching by example. But parents often are not very skilled in money management themselves. Many lack basic understanding of financial concepts and come to their roles as family teachers with poor financial literacy.

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Markets Go up and down but Keep Your Eye on the Prize

By Michael Andersen | March 21, 2017 | 0 Comments

 

One of our responsibilities as an investment advisor is to help you put market news in its proper perspective, especially when the media is reporting global market corrections in the wake of political events.

If you’re reading the popular press, you’re seeing a lot of storm and fury having to do with the election, Russia, Brexit, Trump’s first 100 days. As the popular media scrambles to explain the unexplainable – what is going on in the markets at the moment and how long it’s going to last – we thought we’d share a headline of our own:

“The stock market is a giant distraction to the business of investing.”

So said Vanguard founder John Bogle in his 2007 classic, “The Little Book of Common Sense Investing.”
These are timeless words to invest by, as is Bogle’s deeper explanation of them:

“The expectations market is about speculation. The real market is about investing. The only logical conclusion: the stock market is a giant distraction that causes investors to focus on transitory and volatile investment expectations rather than on what is really important – the gradual accumulation of the returns earned by corporate business.”

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