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Category: Retirement Planning

How to Retire Without Your Spouse: Investment Strategies for the Divorced or Widowed

Divorce has become increasingly common in the United States over the past few decades, and roughly 25 percent of people 65 or older are widowed. Despite this, however, approximately two-thirds of married couples don’t have a financial plan set up in the case of divorce or widowhood. What happens if you do become divorced or widowed either when retirement is imminent or once you’re retired? Are there investment strategies that can help in either scenario? In our more than 30 […]   Read More
Date: September 14, 2020

Common Questions About a SEP IRA

Your standard IRAs and 401(k)s hog a lot of the attention when it comes to defined contribution retirement plans. While these can be terrific vehicles for creating a long-term nest egg, we don’t want to discount another effective option, the SEP IRA. At Heritage Capital, we’re often asked about the SEP IRA, which can be a low-cost alternative to other employee retirement plans. Can I convert a SEP IRA to a Roth IRA? Can I roll a SEP IRA into […]   Read More
Date: August 17, 2020

Social Security and COVID-19: 5 Things You Should Know

We’re more than halfway through 2020 and one thing is abundantly clear – the Coronavirus is just as much a financial crisis as it is a health crisis. Millions of Americans have watched their nest eggs dwindle due to stock market declines, layoffs and furloughs. This crisis has affected us all, but anyone retiring in the next year or two is especially vulnerable as they prepare to pull from retirement accounts and collect Social Security. When conducting a financial analysis […]   Read More
Date: July 20, 2020

How to Tell a Good Financial Advisor from a Bad One

Using a bad financial advisor is worse than having none at all, for they can destroy your wealth and jeopardize your financial future. On the other hand, you can significantly benefit from the recommendations given by a good financial advisor. For this reason, when finding a professional financial advisor to work with, it’s important to know what to look for. While their title might be the same, financial advisors are not created equal. As a fee-only fiduciary financial advisor in […]   Read More

3 Common Retirement Planning Mistakes

An American Institute of Certified Public Accountants survey of more than 1,000 adults found the following: 49 percent are not confident about how they will finance their retirements 29 percent said they’re not sure they’d reach their retirement goals 20 percent said they don’t think they will ever reach their retirement goals Even if you’re successful and cash flow is not a worry now, things may feel different when you stop receiving that paycheck or you sell your business, and […]   Read More
Date: June 22, 2020

Top 5 Tips for Financial Fitness in 2014

Here is the link to my segment on Fox 61 in CT, Top 5 Tips for Financial Fitness in 2014 http://foxct.com/2014/01/23/morning-extra-tips-to-get-financially-fit-in-2014/   Read More
Date: January 26, 2014

3 Indicators That Can Tell You the Market’s Next Move

On Monday, I was in the city spending some time with my friends at Yahoo Finance.  As always, I thank them for their hospitality and Jeff Macke for the engaging conversation. http://finance.yahoo.com/blogs/breakout/3-indicators-tell-market-next-move-115923205.html With the volume and velocity of information out there, trying to get a read on the stock market is like attempting to get a sip of water from a firehose. Thankfully Paul Schatz of Heritage Capital has three ways to check the health of the market and durability […]   Read More

What would Thomas Jefferson Say to the Architects?

The latest Street$marts is out, “What would Thomas Jefferson Say to the Architects?” http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120625.pdf Topics in this issue include a little known, but important economic indicator, the latest pullback in stocks and where gold is headed.   Read More

Who Do You Trust?

The latest Street$marts has just been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20120605.pdf     Read More

Can You Trust the Experts?

One story related by Peter L. Bernstein in “Against the Gods: the remarkable story of risk” was the experience of Kenneth Joseph Arrow, an American economist and joint winner of the 1972 Nobel Memorial Prize in Economics. Some officers had been assigned the task of forecasting weather a month ahead, but Arrow and his statisticians found that their long-range forecasts were no better than numbers pulled out of a hat. The forecasters agreed and asked their superiors to be relieved […]   Read More