Carnegie Investment Counsel Blog

 

6 Sandwich Generation Financial Planning Tips

Posted by Gary Wagner on Jan 16, 2020 11:15:00 AM

 

How to care for others by caring for yourself first financially


Ongoing changes to the structure of the typical American family unit have created a new designation known as the “sandwich generation.”

The sandwich generation is defined as those Americans who are simultaneously responsible for their own children and their aging parents. Across the country, these middle-aged adults are finding themselves increasingly compelled to manage a multi-generational extended family, effectively “sandwiched” between their children and elderly parents.

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Topics: Financial Planning

Market Insights: Understanding The Big S-Curve

Posted by Brent Luce on Jan 7, 2020 11:15:00 AM

 

The Big S-Curve

The most common things that typical market observers are currently worried about (partially fueled by the media) revolve around politics, the trade war, interest rates and the timing/depth of the next recession.

It is much less common to hear someone talking about the potential positives. Fears like this are nothing new, and in fact, I cannot remember a time in my career when there wasn't a slew of fears to worry about.

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Topics: Market News, Investment Management

Financial Literacy Tips for Young Adults: How to Prepare the Next Generation for Financial Wellness

Posted by Gary Wagner on Dec 19, 2019 11:00:00 AM

The upcoming holidays are a great time to share financial wellness tips with the young adults, grandchildren and young relatives in your life. As families gather, it is important to pass on stories and traditions. So why not the traditions of financial literacy as well? With accelerating college debt, the young people in your life may be most in need of guidance.

Here are some healthy financial practices to share this season:

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Topics: Financial Planning

Watch the Video: 7 Landmark Birthdays to Help You Map Your Retirement Plans

Posted by Gary Wagner on Dec 10, 2019 11:15:00 AM

“Retirement age” can mean different things to different people, as there are many things to consider when choosing your planned retirement age.

Well-conceived planning in the years before your actual retirement day can make a significant difference in the ultimate value of the assets available to you in retirement. Tax implications and the rules surrounding Social Security benefits make it important to be aware of key dates.

Here’s a look at factors that might help you choose the best planned retirement age for you.

 

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Topics: Financial Planning

Has Something Changed? Understanding Market Trends at the End of 2019

Posted by Brent Luce on Dec 3, 2019 11:30:00 AM

Anyone who follows the equity markets on a stock by stock (or company by company) basis (like me) has likely noticed that the market has experienced a clear shift in behavior since early September.

Some examples of this include:

  • Significant strength in the Financial sector with many financial stocks hitting all-time highs
  • Significant strength in Industrials, with many at new highs
  • A clear shift toward value stocks and away from smaller/newer growth stocks
  • A shift away from the previous winners and into the previous losers
  • Many of the “S-Curve” plays – see blog from 11/4/19 – have declined
  • Weakness in REITS, utilities and consumer staples stocks 
  • All-time highs in the major market indices
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Topics: Market News, Investment Management

Special Needs Financial Planning in Eight Simple Steps: A Guide for Parents

Posted by Byran Blackburn on Nov 26, 2019 11:00:00 AM

Raising a child with special needs has its own rewards. Someone once said, it's like taking a trip and arriving in Copenhagen when you thought you were going to Paris. Copenhagen has its own joys, but they may not be what you imagined about Paris. The milestones you dreamed of before becoming a parent may be different now.

Special needs financial planning can seem daunting for parents. There may be medical expenses today and planning for your child’s care when you no longer can. Here are eight steps to break the process down into manageable chunks.

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Topics: Financial Planning

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

Posted by Gary Wagner 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

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