At Creekmur Wealth Advisors, our job is to design unique strategies that help our clients reach their goals in the most efficient manner possible. However, despite our best efforts to plan for the future, sometimes life steps in and throws us a curveball. Experiencing a catastrophic life event could quickly derail an otherwise effective plan and leave us scrambling to pick up the pieces.

What would you say if someone asked you to name your most valuable financial asset? Many high earners believe their most valuable assets are their savings and investments. You may have substantial savings in both your home, savings, and investment accounts. They’re the most significant part of your tangible asset portfolio. And yet, none of these is your most valuable asset.

When you marry, you buy life insurance. Right? You buy it out of consideration for your spouse, and also realize that in the event of either your untimely death or your spouse’s untimely death, your household could be left with one income to shoulder expenses that may not lessen.

These days, people are marrying later in life. Take first marriages, for example. A recent study by the Pew Research Center says the median age for marriage in America is now 30 for men and 28 for women, compared to respective median ages of 23 and 21 in 1968. Today, 16% of us are waiting until at least our late forties to marry.^1,2

This summer we have plans to take a few days off here and there to relax and spend some time with family – always a good thing to do during the summer months! One of these occasions included a long weekend in Park City, UT which is one of our favorite places in winter and summer. My son Alex wanted to take a mountain biking trip and, although I haven’t ridden a bike in quite some time, I agreed to tag along. Overall, it was a good experience and a beautiful day in spite of the downhill tumble that I took! Get the “full” story in my video below!🚵

Much of the material available regarding personal finances is directed towards W-2 workers, or what we would consider a traditional “employee.” This makes sense, research from 2019 showed that roughly 72% of Americans are traditional employees.¹ But, the other 28% of our working population has some specific financial planning needs as well. Today we want to touch on a few tips to help self-employed workers keep their financial house in order.

Cryptocurrency isn’t the black sheep it once was. It’s hit the mainstream, and it’s grabbing up more headlines and investors than ever before.

These days, about 1 in 7 Americans own some type of cryptocurrency. And a little more than half of them bought it for the first time in 2020.¹

Are you tired of hearing about taxes? You're not alone! Over the past year with all of the new government spending, talk of increasing taxes has been consistently present in the news-stream.

But regardless of how we feel about taxes, there are a lot of new and changing developments in this national conversation. So, let's dive in.

Required Minimum Distributions are on for 2021, but some of the rules have changed. Here's what you need to know now.

There are compelling reasons to adopt a wait-and-see approach.

Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.”

The most recent reading on consumer prices put inflation back into the conversation. The Consumer Price Index (CPI) rose 0.8% in April 2021 and jumped by a greater-than-expected 4.2% year-over-year.¹

How much inflation can we handle before we're in trouble? Let's discuss. . . 

First, let’s get on the same page about some basics. If you’ve noticed the price of a thing increasing over time (say, your favorite candy bar or the cost of college tuition), that’s inflation in action. Economists use the broad increase (or decrease) in prices of goods and services across the country as a measure of economic health. When inflation is stable and predictable, it’s a sign of a basically healthy, growing economy.