Why should I set goals?

Posted by Andy Anderson, CFP® on 9:00 AM on January 14, 2021

“Do I have enough?” This is a question we hear all the time during our meetings with clients and prospective clients. While this question is often asked about retirement, we have heard it posed about countless other objectives clients are dreaming of and working towards:

Read More

Topics: Financial Planning, Goals

Building a Healthy Financial Foundation

Posted by Creekmur Wealth Advisors on 7:30 AM on January 7, 2021

How many pieces do you have in place?

When you read about money matters, you will sometimes see the phrase, “getting your financial house in order.” What exactly does that mean?

When your financial “house is in order,” it means it is built on a solid foundation. It means that you have six fundamental “pillars” in place that are either crucial for sustaining your financial well-being or creating wealth.

Read More

Topics: Financial Planning, long term objectives, Retirement

Retirement Blindspots

Posted by Creekmur Wealth Advisors on 3:41 PM on December 17, 2020

Some life and financial factors that can sometimes be overlooked.

We all have our “blue sky” visions of the way retirement should be, yet our futures may unfold in ways we do not predict. So, as you think about your “second act,” you may want to consider some life and financial factors that can suddenly arise.

You may end up retiring earlier than you expect. If you leave the workforce at “full” retirement age (FRA), which is 67 for those born in 1960 and later, you may be eligible to claim “full” Social Security benefits. Working until 67 may be worthwhile because it will reduce your monthly Social Security benefits if you claim them between age 62 and your FRA.1

Read More

Topics: Aging, Claiming Social Security, Financial Planning, long term objectives, Retirement

End-of-the-Year Money Moves

Posted by Creekmur Wealth Advisors on 12:00 PM on December 11, 2020

Here are some things you might consider before saying goodbye to 2020.

What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. Did you start a family? That’s practically a pirouette. If notable changes occurred in your personal or professional life, then you may want to review your finances before this year ends and 2021 begins. Proving that you have all of the right moves in 2020 might put you in a better position to tango with 2021.

Even if your 2020 has been relatively uneventful, the end of the year is still a good time to get cracking and see where you can manage your overall personal finances.

Read More

Topics: Financial Planning, Investing, Tax Benefits

Speed Bumps & Headlines

Posted by Creekmur Wealth Advisors on 6:30 AM on November 26, 2020

Focus on your overall approach during times of short-term volatility.

As an investor, it can be tempting to get caught up in daily news headlines. Consider how news about the election and COVID-19 vaccines have moved the markets over the past several weeks. But having a financial strategy can help you ignore short-term volatility and focus on your long-term vision.

As you know, investing is a process based on your goals, time horizon, and risk tolerance. Interestingly enough, it’s also a process that may help you prepare for life’s financial challenges.

Read More

Topics: Financial Planning, Investing, Investments and risk, market volatility

Year-end Financial To-do List

Posted by Creekmur Wealth Advisors on 9:00 AM on October 26, 2020

We're quickly approaching the end of another year - for many it can't come soon enough! But, before you start on your holiday to-do list, you might want to check out this "Financial To-Do List." Experience tells us that those who run through these items annually are well set up to reach financial goals in the new year!

Read More

Topics: Financial Planning

The Social Security Administration Announces 2021 COLA

Posted by Creekmur Wealth Advisors on 6:30 PM on October 22, 2020

What you should know about the most recent cost-of-living adjustment.

On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Additionally, increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries will begin on December 31, 2020.1

Read More

Topics: Financial Planning, Social Security, Social Security income

What to expect during your first meeting at Creekmur Wealth.

Posted by Creekmur Wealth Advisors on 1:35 PM on October 21, 2020

You've done it! You've made that call to schedule your introductory meeting with a financial advisor. You're taking control of your financial future, but you have a lot of questions about what happens next. Rest assured, you're not alone. We have found that many of the people who talk to a Creekmur Wealth advisor for the first time weren't sure what to expect, how much to share, or even what documents they should provide. 

Read More

Topics: Financial Planning, Stay focused on objectives, Certified Financial Planner, CFP, getting started

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?"

Read More

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

Read More

Topics: Wealth Advisor, Wealth Management, Financial Planning

Subscribe Here!

Recent Posts

Posts by Tag

See all