Carnegie Investment Counsel Blog

 

Retirement Planning Guide for Couples: How to Have a Productive (and Enjoyable) Conversation About Retirement and Finances

Posted by Gary Wagner on Aug 22, 2019 9:08:00 AM

Are you and your spouse preparing for retirement? Have you had a candid conversation about what that retirement will really look like? Here are some steps as a retirement planning guide to help you have a productive discussion as a couple. 

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Topics: Investment Management

8 Financial Advisors Share the Best Financial Advice They Ever Received

Posted by Carnegie Investment Counsel on Aug 7, 2019 10:46:00 AM

In the world of finance, we are continually learning and seeking high-quality data and information to help us make the best decisions for our clients' wealth.

Our advisors truly enjoy providing financial advice and guidance to those around them, but we were curious about the best financial advice they have ever received. We asked them to share one thing that has helped them achieve success.

So, here are eight valuable points to consider adding to your knowledge bank.

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Topics: Investment Management

Understanding Best Interest Rule: A Wolf in Sheep's Clothing?

Posted by Gary Wagner on Jul 30, 2019 9:45:00 AM

Just a few years ago, the terms “fiduciary” and “fiduciary advisor” had little meaning to the general public.

But knowledge of these words spread when the Department of Labor (DOL) issued the fiduciary rule and proposed all ERISA investment accounts be managed as a fiduciary.

The fiduciary rule would have required any advisors who offer retirement advice to act in their clients’ best interest. It had widespread ramifications for brokers and insurance agents who traditionally push self-serving, high-commission products, with little or no regard for the clients' best interest.

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Topics: Investment Management

10 Alarming Facts that Prove Financial Stress is Soaring: And 3 Ways to Fight Back Today

Posted by Carnegie Investment Counsel on Jul 22, 2019 9:46:00 AM

  • 78% of American workers live paycheck to paycheck according to a 2017 report by employment website CareerBuilder.
  • $6,741 is the average revolving credit card balance for U.S. households, according to a NerdWallet 2019 Survey.
  • 42% of workers with adult children over 21 provide them with financial support and more than half are willing to sacrifice their own financial well-being to do so, according to a 2018 (PwC) PricewaterhouseCoopers survey.
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Topics: Financial Planning, Investment Management, Corporate Retirement Plan

The Real Cost of Being Your Own Financial Advisor (It May Be Higher Than You Realize)

Posted by Gary Wagner on Jun 25, 2019 9:29:45 AM

Some DIY investors may feel like they are saving money by managing their own investments. But just like with your car, is it smart to be your own mechanic? A lot can go wrong. What might that cost you? And if you found a great mechanic who you trusted, would you ever want to fix your own car again?


From our years of experience, we find many investors who feel they are managing their own portfolios well. But across the board, when we review their portfolios, we find they are missing out for multiple reasons. Here are a few examples:

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Topics: Investment Management

6 Mistakes to Avoid in Your Investment Portfolio (Including One that Almost Everyone Makes)

Posted by Gary Wagner on May 22, 2019 9:57:00 AM

Successful investing takes patience. There is no Holy Grail or magic, risk-free formula that ensures success and worry-free sleep. In short, investing involves some risk-taking. However, here are six mistakes you can avoid in your investment portfolio. 

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Topics: Investment Management

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What You'll Learn

  • The difference between fiduciary and suitability standards
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