How Can I Plan for Long-Term Care?

Posted by Andy Anderson, CFP® on 10:21 AM on September 29, 2022

Some life insurance policies only pay a death benefit if the policy owner dies during a certain period—the “term” of a term life insurance policy. Others pay out a death benefit no matter when the policy owner dies—these policies are considered “permanent” policies and are intended to remain in-force for the entirety of the policy owner’s life.

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Topics: Financial Planning, Insurance policies, Life Insurance, Certified Financial Planner, CFP, long-term care

Why do Business Owners need Life Insurance?

Posted by Nicole Geraci, CFP®, AWMA® on 10:06 AM on September 24, 2022

 

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Topics: Financial Planning, Goals, Insurance, Life Insurance, small business owner, small business, Certified Financial Planner, CFP

Should I Change My Level of Risk?

Posted by Andy Anderson, CFP® on 4:20 PM on September 12, 2022

The Top 3 Questions to Ask.

Oftentimes when we meet with clients there are a few common questions or topics that tend to come up regularly - things that seem to be on the minds of many of our clients. Usually, it has to do with some event or circumstance that is relevant at the time. In 2022, that question has revolved around the idea of “should I change the level of risk in my investments considering what is happening in the market.”

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Topics: Tolerating Risk with Investments, Financial Planning, Investments, Investments and risk, market risks, Investment Advisor, Certified Financial Planner, CFP

Do I Need Life Insurance?

Posted by Connor Creekmur, MBA on 9:00 AM on September 5, 2022

3 Questions to Help you Decide!

When I was a student I got so stressed before tests! The week leading up to the test I would study loosely, be constantly stressed, and cram the day before.

Eventually, I learned to create a study plan two weeks before my test. I studied each day for a set time, had little stress, and usually performed well. With an appropriate plan I was able to enjoy my life without worrying about my test. I wasn’t planning for the worst but rather preparing myself so I would have freedom.

This is similar to the approach we use in life insurance planning.

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Topics: Financial Planning, Insurance, Life Insurance

Retirement Income Planning

Posted by Andy Anderson, CFP® on 2:09 PM on July 11, 2022

 

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Topics: Financial Planning, Goals, Planning, Retirement, Retirement Income, Certified Financial Planner, CFP

Cash Flow Management

Posted by Connor Creekmur, MBA on 12:00 PM on July 8, 2022

Cash Flow Management. What To Know and How Can It Help You?

If you ever google financial planning, there is no doubt that you will quickly come across the idea of budgeting. At Creekmur Wealth Advisors we prefer to focus less on budgeting and lean more into cash flow management as a foundation for beginning your financial journey.

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Topics: Financial Planning, Investing, Saving, saving and investing

Is it Time to Check in with your Advisor?

Posted by Drew Creekmur, MSPFP on 12:03 PM on June 11, 2022

Over several decades of working with people from all walks of life we have witnessed first hand that 

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Topics: Financial Planning, Investing, Investment Portfolio, Investments, market volatility

Savings Rate Vs. Rate of Return

Posted by Connor Creekmur, MBA on 9:00 AM on May 9, 2022

A common question I receive as a wealth advisor is, "What investments someone can make to get a big return?"

While Creekmur Wealth Advisors spends a substantial amount of time researching, modeling, and planning investment strategies we do not believe that rate of return is the most important rate to focus on when it comes to investing. We do appreciate seeing a high rate of return and strive to achieve that.

However, the most important rate I would encourage clients to focus on and monitor is their savings rate since it is totally under the investors control and is the largest contributor to your final net worth.

Your savings rate is calculated by taking the total amount of your annual savings and dividing it by your gross or net income. I prefer using gross income as this encourages us to find tax-efficient methods of savings to maximize our savings rate.

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Topics: Financial Planning, Investing, Saving, saving and investing

Post Tax Season Planning Tips

Posted by Andy Anderson, CFP® on 11:00 AM on May 2, 2022

Tax season has come and gone, but that does not mean the planning stops! While much of your focus prior to April 18th may have been on making sure you get your tax return submitted properly, the focus can now shift towards some other items that can improve your financial well-being over the course of the rest of the year.

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Topics: Financial Planning, Goals, taxes, Certified Financial Planner, CFP, Tax Planning

Tax Planning for Beginners

Posted by Connor Creekmur, MBA on 1:14 PM on April 5, 2022

“Nothing is certain but death and taxes” -Benjamin Franklin.

The more time I spend in the financial services industry, the more I see this quote proving to be very true. 

There are not many certainties in life, but the things we do know for certain, we like to plan for and taxes are one of those certainties. You may have already filed your taxes, but planning for taxes is different matter.  Since it's tax season, there is no better time to review your financial plan to ensure your financial life is operating as efficiently as possible!

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Topics: Financial Planning, IRA, Roth IRA, tax deferred growth, Tax Planning

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