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.

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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

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

Weekly Flash Briefing 07/07/2020

Posted by Drew Creekmur, MSPFP on 11:07 AM on July 7, 2020

3 Lessons Learned from a Crazy Year!

As I was watching fireworks over the weekend, I got to thinking about how much we have already experienced so far in 2020. The list of events is truly incredibly to review, in part because many of these events would have been massive in any random year and I had almost forgot that some of these things had even happened (here is a complete list of the items that occurred through just April!):

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Topics: Financial Planning, Investments, long term objectives, Planning, Retirement, saving and investing, Lessons Learned

Weekly Flash Briefing 06/30/2020

Posted by Drew Creekmur, MSPFP on 4:25 PM on June 30, 2020

How to Navigate your Employer Sponsored Retirement plan

"My employer provides a Retirement Plan (401(k), 403(b), 457, SIMPLE IRA, etc.), but I don't understand it at all!"

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Topics: 401k, 403(b), Financial Planning, Investments, long term objectives, Planning, Retirement, Roth 401k vs 401k, saving and investing

Weekly Flash Briefing 06/09/2020

Posted by Drew Creekmur, MSPFP on 3:01 PM on June 9, 2020

Inside scoop

Does Investor Behavior Impact the Stock Market?

Earning and then saving enough funds to invest is the first & most difficult step to growing wealth & achieving your financial goals. But, after investing your hard-earned money, it is crucial to  continue learning how your actions and emotions effect your potential returns. Over the years of working with individual investors we have found that emotions and biases can cloud one’s ability to make well-balanced investment decisions. In recent months we have seen the impact of emotion driven decisions, rather than thoughtful, goals-based decisions. With that in mind here are two "rules" that we would encourage you to follow with your investment decisions.

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Topics: Why is my portfolio not performing?, Financial Planning, Investments, long term objectives, Planning, saving and 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

Tolerate the Turbulence

Posted by Creekmur Wealth Advisors on 11:26 AM on October 23, 2018

Look beyond this moment and stay focused on your long-term objectives.

 

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Topics: bull market, Uncategorized, Wall Street Shocks, Investments and risk, long term objectives, Market turbulence, market volatility, Stay focused on objectives, tolerating risk

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