What does financial planning actually look like?
Giving should not only be a central part of your financial plan, but also of your life plan. While giving can be monetary in nature, it also comes in the sacrifices we make, in our gifts of service and many other forms.
An Interview Between Jim Brogan & Dr. Laura Seery Cole Many Americans, from young to old, lack confidence and understanding when it comes to personal finance. Recent research polled 1,000 individuals over age 30 and found that over half of those individuals feel lost when it comes developing a long-term, stable financial plan. For those
Tens of millions of Americans increasingly feel pressure coming at them from both sides. They juggle the needs and challenges of caring for both the young and the old. They are the sandwich generation.
The joy of income: that’s what it’s all about in retirement. The day that you retire and step over that threshold, you no longer have earned income. Instead, you’re going into a spending phase of your life. Several recent studies have shown that retirees with a guaranteed income stream are actually happier than those without
Brogan Financial is proud to welcome Rich Polchinski to our firm as Director of Operations and Development. In this role, he will be responsible for all operational and business services, including Client Relations, Compliance, Human Resources, and Information Technology. Additionally, Rich will be actively leading and developing the Client Services team to better serve our
How might the upcoming midterm elections affect the stock market and our economy as a whole? The way that the markets are priced right now, it appears to anticipate that the Republicans will maintain the Senate and the Democrats will gain the House of Representatives. As we found out in the 2016 election, they are
Are your beneficiary designations for your retirement accounts up-to-date? How we pass on our retirement accounts is the most overlooked area in estate planning today. First, let’s talk about wealth transfer 101. For many, retirement accounts are typically the largest or second largest asset outside your house. You have to realize that if you have
Should you be using low-cost index funds or managed mutual funds in your portfolio? There’s a new study by the Journal of Financial Planning and the FPA Research and Practice Institute™ showing that more and more advisors continue to use exchange-traded funds. An exchange-traded fund, or ETF, is a collection of securities traded on a major stock exchange. Most
Are Roth IRA conversions advisable after age 70 ½? What are the five things you need to be thinking about? I’ve talked often about how Roth conversions can be a very effective strategy when you’re in your 60’s, in that sweet spot between retirement age and age 70 ½ – when you have to do
More than any previous generation, today’s seniors have the freedom to choose where and how they want to live in retirement. Perhaps because of this, many choose to simplify their life and downsize. However, many older adults have not moved from their home in 30, 40, or even 50 years. And as we age, we
Let’s talk about the blind spot of retirement planning, the possible need for extended, long-term healthcare. By definition, long-term care means you need custodial care, which means you require care because you can’t live independently for 90 days or more. Planning for these potential healthcare needs, such as dementia or Alzheimer’s disease, are a vital