Carnegie Investment Counsel Blog

 

Financial Advisor Meeting Checklist: 15 Documents to Bring to Your Meeting

Posted by Raz Pounardjian on Nov 19, 2019, 11:15:00 AM

 

 

What Should I Bring to My Meeting with a Financial Advisor?

We created this financial advisor meeting checklist to help you get ready to meet with your advisor. Some of these items may not apply to your particular situation. Simply use this financial advisor checklist of documents to guide you as you prepare. 

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Topics: Financial Planning

Retirement Planning Tips: 6 Things to Consider Before You Retire

Posted by Gary Wagner on Nov 13, 2019, 9:00:00 AM

 

 

As you approach your retirement years, you probably have questions or concerns about how your retirement will look. Creating some certainty by reducing the number of potential surprises can go a long way toward alleviating those concerns.

Here are six things to consider before you retire:

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Topics: Financial Planning, Retirement

Women and Finance: Three Female Financial Advisors Share Financial Tips for Women (and Men)

Posted by Linda Fousek on Nov 5, 2019, 10:00:00 AM

The Economist magazine has declared the 21st century the new millennium of growing female economic empowerment. And it’s true that in recent decades, women have made incredible strides, both professionally and personally. However, there is still a financial literacy gap for women.

Let's look at some facts:

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Topics: Financial Planning

What Elder Financial Exploitation Looks Like: 5 Signs to Keep in Mind

Posted by Gary Wagner on Oct 22, 2019, 10:15:00 AM

As money scams proliferate, senior citizens are one of the most vulnerable populations. The U.S. Consumer Financial Protection Bureau notes a four-fold increase in financial fraud reports in recent years. Suspicious financial activity that involves older Americans totaled $1.7 billion in 2017 alone, the bureau says.

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Topics: Investment Management

Financially Stressed Employees? Here’s How an Employer’s Financial Wellness Program Can Help

Posted by Keith Warmbein on Oct 8, 2019, 9:30:00 AM

 

Financial Wellness programs center on the process of learning how to successfully manage financial expenses. Today, many savvy employers now offer financial wellness programs as part of 401(k) retirement benefits. We all know that money plays a critical role in our lives and that not having enough of it can impact health. But did you know it can also impact performance at work?

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Topics: Corporate Retirement Plan

Understanding Trusts: Is Trust Planning Right for You?

Posted by Bob Carroll on Sep 25, 2019, 3:56:34 PM

Few financial planning concepts are as misunderstood as trusts. What trusts are and whether you need one are two questions that often arise when talking with a financial advisor. Here are some fundamentals of trust planning: 

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Topics: Financial Planning

Financial Considerations Around the Decision to Unretire

Posted by Gary Wagner on Sep 10, 2019, 9:36:48 AM

Are you thinking about re-entering the workforce in your 60s? Even after making a carefully considered decision to retire? 

The reality is that you are not alone. An increasing number of baby boomers are shifting gears and reversing their decision to retire.

Consider the following from a New York Times article that compiled survey data on changes in American’s attitudes toward retirement:

  • More than 25 percent of retirees later resumed working
  • 40 percent of workers over age 65 had previously retired
  • The number of people over age 65 who are employed either full-time or part-time has climbed from 12.8 percent in 2000 to 18.8 percent in 2016
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Topics: Financial Planning

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

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