Dollars & Sense

With tax season officially over (phew!), we wanted to shed some light on some of the most commonly asked tax questions we received this past week. We also dive into an uncomfortable topic that many families are faced with. A recent study by Bankrate.com came out this week that showed 68% of retirees have made a financial sacrifice to help their adult children with money. This is a reality for so many of our clients and listeners. Given the choice to cut back on your retirement lifestyle so that your children could have a better financial life, would you do it? Or do you feel that you should live your retirement to the fullest and whatever money is left over will go to your kids? 

Tune in to this week’s episode of Dollars & Sense as Marc and Marion discuss some of the most commonly asked questions from taxpayers and how more and more retirees are supporting their adult children in a language you can understand.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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This week we chat about the announcement on inflation. We’re seeing much better numbers coming in now. We’ve all seen inflation declining a little bit and we’ve also seen a lot of prices stabilize. Yes, a lot of the foods we buy cost more than last year, but they haven’t continued to go up. The good news is the cost of eggs are down 11% - finally!

Tune in to this week’s episode of Dollars & Sense as Marc and Marion discuss inflation and where the numbers are today in a language you can understand.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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All the activity around the bank crisis has very much calmed down. The Treasury stepped in pretty quickly to help the banks that were failing and it seems as if people aren’t as worried today. If you think back and ask how come Silicon Valley Bank failed, their problem is they bought Treasury Bonds, which are fully guaranteed by the full faith and credit of the U.S. government.

We’re also just a week and a half away before Uncle Sam starts looking for your tax money. Tune in as we discuss expectations and how to manage your expectations in a language you can understand.

Listen to what Marc and Marion have to say in this week’s episode of Dollars & Sense to learn more.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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Today we’re going to talk about something that may be the most deceiving perspective that anyone could offer to you right now, especially when it relates to market performance. If you ask someone walking on the street these days how their investment portfolio is doing right now, chances are there’s not a giant Cheshire Cat smile going across their face. However, if I were to tell you that some of the best annualized performance is coming from your three-year statement right now, you may not believe me. 

Also, we discuss retirement account beneficiaries and why your spouse may not be the best candidate. 

Listen to what Marc and Christian have to say in this week’s episode of Dollars & Sense to learn more.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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It’s no surprise that the media had played a part in the mass hysteria surrounding banks “supposedly failing” over the past few weeks. After the initial shock wore off, we began to see this was far more of a media event than it was an impact to your pocketbook event. The media had a field day with this.

Realistically, when you hear a bank fails, it doesn’t necessarily mean they ran out of money. It means that they don’t have the liquidity right now to hand you your cash.

Listen to what Marc and Marion have to say in this week’s episode of Dollars & Sense to learn more.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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Very rarely we get to say we have an exciting time in the world of finance, but last week we saw the failure of a bank… Silicon Valley Bank to be exact. Bank failures can feel scary to say the least, however, it is important to know the FDIC was designed for moments like this.

The FDIC guarantees deposits up to $250,000 per depositor, per insured bank. This means that if a bank fails, the FDIC will step in and ensure you get you money back (up to the insured limit that is.)

Listen to what Marion and Christian have to say in this week’s episode of Dollars & Sense to learn more.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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Ah budgeting… the financial equivalent of dieting. It is not a fun word, but it is necessary.

Knowing how much you spend is such an important factor in any sound financial plan. Your spending habits impact all pieces of your financial puzzle - from retirement, to investing, to saving, and everything in between.

This week on Dollars & Sense, Marion is joined by our Director of Financial Planning, Christian Karcher to discuss how to review and track your spending.

… and just a reminder, don’t forget to spring your clocks forward this weekend!

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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The Markets seem to be as unpredictable as the weather lately. That is why having a well-diversified portfolio that align with your long term goals is so important! Of course you should have some money in the bank for expenses that pop up, but the money you are not going to touch should probably be invested with a long-term strategy.

Because of Market trends, we are noticing in the office that many are being more cautious about spending or part of the money. However, if they are not, part of what they are spending is being used to support their children who are old enough to support themselves. This week on Dollars & Sense, we discuss the implications of supporting your adult children.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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The Market is still trying to figure out how to catch its footing right now. Returns on portfolios in 2021 were enormous… but in 2022 you lost it all and then some.

But it is important to note that the U.S. is set for recovery. If you are being overly cautious and are opting to not participate in the market, this can be a big mistake, especially if you have time on your side.

During this week’s episode of Dollars & Sense, we discuss the FED, interest rates, money market funds, inflation, and more.

Remember- hope is not a strategy, you need a financial PLAN in place. If you are ready to get serious about planning, give us a call.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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Tax season is in full swing! During this week’s episode of Dollars & Sense, Marc and Marion discuss why you should hold off on making an appointment with your tax professional until March, when you should file your taxes with a professional VS the DIY method, and why getting a large tax return isn’t necessarily a good thing.

We also touch on a hot topic — artificial intelligence (aka AI.)

Marc asked Chat GBT to explain the difference between financial planning VS investment advice. Find out what AI had to say about this… and how we, as Certified Financial Planning Professionals, feel about it's explanation.

A full complement of Dollars & Sense broadcasts found here.

DISCLOSURES:

Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.

Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.

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