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

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

Who Is Your Trusted Contact?

Posted by Creekmur Wealth Advisors on 1:58 PM on July 9, 2020

This vital investment account question should be answered sooner rather than later.

Investment firms have a client service requirement. They must ask you if you would like to provide the name and information of a trusted contact.1

You do not have to supply this information, but it is encouraged. The request is made with your best interest in mind – and to lower the risk of someone crooked attempting to make investment decisions on your behalf.1

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Topics: Financial Planning, Investing, Trusted Contact

A Roth IRA's Many Benefits

Posted by Creekmur Wealth Advisors on 1:28 PM on June 25, 2020

Why do so many people choose them over traditional IRAs?

The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers savers so many potential advantages.

The key argument for going Roth can be summed up in a sentence: Paying taxes on your retirement contributions today may be better than paying taxes on your retirement savings tomorrow.

Think about it. Would you rather pay taxes today or wait 10 years and see where the tax rates end up? With that in question in mind, here are some of the potential benefits associated with opening and contributing to a Roth IRA.

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Topics: Financial Planning, Investing, IRA, Roth IRA

Creekmur Wealth Flash Briefing 4/28/2020

Posted by Drew Creekmur, MSPFP on 2:28 PM on April 28, 2020

First Quarter Earnings 

In the week ahead we expect earning reports from a well-rounded group of companies that represent or impact every aspect of our economy. This will give us a clear indication of the underlying health of the economy, impact of the virus, and how companies see themselves performing for the rest of the year.

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Topics: Financial Planning, Investing, Stock Market

Traditional Vs. Roth IRA

Posted by Creekmur Wealth Advisors on 2:18 PM on April 23, 2020

Do you know the difference?

Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 33.2 million U.S. households. Roth IRAs, however, were created as part of the Taxpayer Relief Act in 1997, are owned by nearly 22.5 million households.1

Both are IRAs. And yet, each is quite different.

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Topics: Financial Planning, Investing, IRA, Roth IRA

Creekmur Wealth Flash Briefing 04/20/2020

Posted by Drew Creekmur, MSPFP on 2:15 PM on April 20, 2020

Will this current Stock Market Rally continue?

First of all, as with everything market related over the last few months – anything could happen and we would not be surprised! There is no historical precedent for current events to aid in determining what the future holds with the stock market. But we can make some observations:

From February 20 to March 23 the S&P 500 dropped by 33.67%. Then, rose by 28.48% from March 23 to April 17. This V-shaped market bounce was largely unrelated to the economic and medical news occurring at the same time. So, where does the market go from here?

  • Near Term Volatility – We use a technical indicator called Bollinger Bands to help us analyze where the market may move in the coming days or weeks. Bollinger Bands track the upper and lower Standard Deviation level of the Moving Average Price of a Security. In plain English, this simply means that you can see how undervalued or overvalued a security or the market as a whole is. Historically, if the price of the security touches the top or bottom of the Bollinger Bands you will see a movement in the opposite direction in short order. Take a look at the chart below of the S&P 500 over the past year:
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Topics: Financial Planning, Investing, Stock Market

Should You Care What the Financial Markets Do Each Day?

Posted by Creekmur Staff on 11:30 AM on April 16, 2020

tax-stratBOX

Focusing on Your Strategy During Turbulent Times.

Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away.

 

This impatience also manifests itself in the financial markets. When stocks slip, for example, some investors grow uneasy. Their impulse is to sell, get out, and get back in later. If they give in to that impulse, they may effectively pay a price.

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Topics: Financial Planning, Investing, Stock Market

Pullbacks, Corrections, and Bear Markets

Posted by Creekmur Wealth Advisors on 12:30 PM on April 9, 2020

What’s the difference? What do these terms mean for you?

The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe "this time it's different." When the market drops, some investors lose perspective that downtrendsand uptrendsare part of the investing cycle. When stock prices break lower, it's a good time to review common terms that are used to describe the market's downward momentum.1,2

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Topics: Financial Planning, Investing, Stock Market

Annual Financial To-Do List

Posted by Creekmur Wealth Advisors on 1:17 PM on December 12, 2019

New_Year_2020_4-08

Things you can do for your future as the year unfolds.

What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. You have plenty of choices. Here are a few ideas to consider:

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Topics: Budgeting, Build True Wealth, Financial Planning, Goals, Investing, Investments, long term objectives, Planning, RMD, RMDs, saving and investing, Stay focused on objectives

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