Are all financial advisors the same?

Posted by Creekmur Staff on 3:01 PM on October 19, 2020

One of the misconceptions we are faced with in the financial services industry is the idea that all “financial people” the same. We sometimes hear the question,

"What is the difference between the advisors at Creekmur Wealth and the insurance agent or broker's office down the street?"

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Topics: Wealth Advisor, Wealth Management, Financial Planning, Investment Advisor, Certified Financial Planner, CFP

October Is Financial Planning Month

Posted by Creekmur Wealth Advisors on 10:15 AM on October 15, 2020

Six areas of personal finance to review.

When training to become a financial professional, much of our course work centers on the six critical areas of creating a financial strategy. Some recognize October as Financial Planning Month, so it's an excellent opportunity to review those six personal finance areas.1

Cash Management: This is a broad topic that can address many issues. One area is creating an emergency fund, which is money that's set aside for unplanned expenses. Cash management also can include looking at your "sources and uses" of money. Financial Planning Month focuses mainly on cash management and spending habits.1

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Topics: Wealth Advisor, Wealth Management, Financial Planning

How Much Do You Really Know About Extended Care?

Posted by Creekmur Wealth Advisors on 12:36 PM on September 24, 2020

Separating some eldercare facts from eldercare myths.

How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths.

True or false: Medicare will pay for your mom or dad’s nursing home care.
FALSE. Medicare is not extended care insurance.1

Medicare Part A will pay the bill for up to 20 days of skilled nursing facility (SNF) care, but after that, you or your parents may have to cover some costs out-of-pocket. After 100 days in a SNF, you will have to cover all costs out of pocket. The only way to “reset the clock” for Medicare coverage of these services is if 

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Topics: Financial Planning, Insurance, Life Insurance, Retirement

Frothy, Bubbly Stocks

Posted by Drew Creekmur, MSPFP on 5:01 PM on September 8, 2020

Frothy, Bubbly, Foamy. . . and we're not talking about cappuccino!

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Topics: Financial Planning, Investments, market volatility, Planning, Stock Market

Conquering Retirement Challenges for Women

Posted by Creekmur Wealth Advisors on 7:22 AM on September 3, 2020

Looking ahead can help you conquer these unique obstacles.

When it comes to retirement, some women face obstacles that can make saving for retirement a challenge. Women typically earn less than their male counterparts and often take time out of the workforce to care for children or other family members. Added to the fact that women typically live longer than men, retirement money for women may need to stretch even further.1

Despite these challenges, there are a lot of reasons to be hopeful.2

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Topics: Working Women, Financial Planning, Retirement

How Much Money Will You Need for Retirement?

Posted by Creekmur Wealth Advisors on 7:15 AM on August 13, 2020

It depends on your goals, time horizon, and risk tolerance..

"Will I outlive my retirement money?" That's one of the top fears for people who are starting to prepare for their retirement years.

So I have to chuckle a bit when I see headlines that say, "Here's how much money Americans think they need to retire comfortably."1

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Topics: Financial Planning, Investing, Retirement

Is it Time to Buy? Thoughts on Investing in a Market Like This

Posted by Drew Creekmur, MSPFP on 9:00 AM on August 4, 2020

Markets are going CRAZY - should I invest?

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Topics: Financial Planning, Investments, Planning, saving and investing

Starting a Roth IRA for a Teen

Posted by Creekmur Wealth Advisors on 4:00 PM on July 30, 2020

This early financial decision could prove helpful over time.

Want to give your child or grandchild a great financial start? A Roth IRA might be a choice to consider. There are many reasons why starting a Roth IRA for a teenager may be a sound financial strategy. Read on to learn more about how doing this may benefit both of you.

Tax-free benefits during retirement. Setting up a Roth IRA for the teenager in your life could prime them to have more retirement savings. Plus, a Roth IRA has the potential to accumulate over the years, and the owner may be able to better manage their tax burden if they withdraw the money after age 59½.1

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Topics: Financial Planning, Investing, Leaving a Legacy, Roth IRA

Too Much Noise in the News?

Posted by Drew Creekmur, MSPFP on 1:55 PM on July 28, 2020

Cut through the noise with our Financial News Breakdown

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Topics: Financial Planning, Investments, Planning, saving and investing

What is Social Media saying about the companies we're watching now?

Posted by Drew Creekmur, MSPFP on 3:38 PM on July 21, 2020

Social Media - Whether you hate it or use it daily - it can tell us a lot about the companies we are watching now.

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Topics: Financial Planning, Investments, Planning, saving and investing

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