Key Estate Planning Mistakes to Avoid

Estate planning

Too many people make these common errors. Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procrastination. While inaction is the biggest estate planning error, several other major mistakes can occur. The following blunders can lead to major problems.     Failing to revise an … Read more

Weekly Economic Update 3/20/2017

FED HIKES, LEAVES 2017 FORECAST UNCHANGED As expected, the Federal Reserve raised the target range for the federal funds rate by a quarter-point last week to 0.75-1.00%. “The simple message is, the economy is doing well,” Fed chair Janet Yellen explained to the media following the move. The central bank’s dot-plot table still projects two … Read more

Insurance for the Small Business Owner

Insurance

What kind of coverage do you need, and why? Do you own a small business? Are you starting one? What kind of insurance should you have? Truthfully, you should consider (and preferably have) three kinds of insurance for your business and its assets.  Liability insurance. Absolutely essential. If you run a small business, especially one … Read more

The Federal Reserve Raises Benchmark Interest Rate

Interest rate

Monetary policy is normalizing due to economic improvement. On March 15, the Federal Reserve raised the benchmark interest rate by a quarter-point to a range of 0.75-1.00%. The increase was widely expected, and it represented a vote of confidence in the economy.1 This was the central bank’s second rate hike in three months, and Wall … Read more

Contributing to an IRA May Provide Tax Benefits

Taxes IRA

With the tax filing deadline approaching, have you considered contributing to an Individual Retirement Arrangement (IRA)? IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a workplace retirement plan, you may want to consider having an IRA as well. You may be eligible for a full or … Read more

Retirement Insights March 2017

How Much of Your Retirement Savings Should You Withdraw Each Year? When Fidelity Investments asked more than 1,000 pre-retirees to guess the percentage that retirement planners would recommend, 19% said 7-9% a year. (A typical recommendation might be 4%.) Additionally, another 19% of pre-retirees responding to the investment company’s Retirement IQ survey thought they could … Read more