Tax-Loss Harvesting A useful year-end move to counteract capital gains. Provided by Peck Financial Advisors It looks like 2017 will end up being a very good year for the stock market. Consequently, you may realize short-term capital gains. What will you do about them? You could do what many savvy investors do – you could “cash in your losses” and practice “tax-loss harvesting.” Selling losers to offset winners. Tax-loss harvesting means taking capital losses (selling...
Understanding Inherited IRAs What beneficiaries need to know and consider . Provided by Peck Financial Advisors At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future. Who was the original IRA owner? If the original owner was your spouse, you have a fundamental choice to make. You can roll over your late spouse’s IRA into an...
Millennials, Do Not Imitate Your Parents They invested heavily in what was “hot” and got burned. Provided by Peck Financial Advisors A new generation of investors is coming to the forefront: your generation. Millennials have witnessed a fantastic bull market, one of the longest on record. Any given week, scary headlines may generate some volatility, but the bulls just keep on running. It is easy to be lulled into a false sense of security in...
Will Debt Spoil Too Many Retirements? What pre-retirees owe could compromise their future quality of life. Provided by Peck Financial Advisors The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as you can before your “second act” begins. Some baby boomers risk paying themselves last...
Peck FA Presents: Monthly Economic Update October 2017 THE MONTH IN BRIEF In August, investors witnessed a terrible natural disaster and heard threats of war on America, and the S&P 500 still managed to gain 0.05%. September brought two terrible natural disasters and more threats of war on America, and the broad benchmark rose 1.93% and topped 2,500 for the first time. In other words, the bulls remained firmly in charge. European stocks rallied impressively...
Financial Priorities Young Families Should Address Wise money moves for parents under 40. Provided by Peck Financial Advisors As you start a family, you start to think about certain financial matters. Before you became a mom or dad, you may not have thought about them much, but so much changes when you have kids. Parenting presents you with definite, sudden, financial needs to address. By focusing on those needs today, you may give yourself a...
A Kiplinger article that hits key points for couples discussing retirement: http://www.kiplinger.com/article/retirement/T047-C000-S015-5-money-conve...
Here's a story from The New York Times that I found interesting: Following the deaths of eight Florida nursing home residents in the aftermath of Hurricane Irma, experts offer advice on picking a good facility. https://www.nytimes.com/2017/09/14/health/nursing-home-safety.html
Peck FA Presents: Monthly Economic Update September 2017 THE MONTH IN BRIEF August brought an overwhelming natural disaster, a threat of war from a foreign dictator, and violence in the streets – so it is little wonder stocks went sideways. The S&P 500 eked out an advance of 0.05% for the month. Economically speaking, there were some positives: improvements in consumer confidence and consumer spending, continued strength in manufacturing, and a comeback for retail sales...
Peck FA Presents: Monthly Economic Update August 2017 THE MONTH IN BRIEF The Dow Jones Industrial Average gained 2.54% in July as earnings announcements and fundamental indicators provided a lift for the blue chips and other stock market indices. Hiring and manufacturing data was particularly reassuring. Annualized inflation declined once more. Oil, gold, and other marquee commodities advanced and so did many Asia-Pacific stock benchmarks. In the real estate market, home buyers coped with slim...
Life Insurance Products with Long-Term Care Riders Are they worthwhile alternatives to traditional LTC policies? Provided by Peck Financial Advisors The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted that married 60-year-olds would pay between $2,000-3,500 annually in premiums...
Life Insurance Products with Long-Term Care Riders Are they worthwhile alternatives to traditional LTC policies? Provided by Peck Financial Advisors The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted that married 60-year-olds would pay between $2,000-3,500 annually in premiums...
