Carnegie Investment Counsel Blog


7 Things to Consider When Deciding to Move in Retirement

Posted by Gary Wagner on Jan 12, 2021 1:30:00 PM

Smiling faces…sunny places. You’ve seen the pictures of those folks who appear to be in their 60s or 70s hanging out at the pool or walking on the beach. They live in a climate that the local chamber of commerce touts in all their advertisements. You wonder if this could be you in an ideal retirement scenario.

In general, family responsibilities and employment opportunities are the biggest determinants of where people live. As you approach retirement age, though, these factors may diminish in importance. In fact, retirement may represent a new level of freedom to choose your residence that you never had before.

But there are many questions you, or you and your spouse must answer before the moving truck arrives to haul all your worldly possessions to a new address.
What considerations should you ponder before you move? What factors will help guide your decision? Even when you conclude that a move to a new location is your best choice, what might hold you back?

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Topics: Retirement

What is ESG Investing? Understanding Socially Responsible Investing

Posted by William Anderson on Jan 5, 2021 1:30:00 PM

"ESG" has been an investment buzzword over the last two years. It is a subjective, somewhat amorphous concept. It can be easily described as investing in companies that enable an investor to do good financially while doing good in the world.

"Doing good" in the world involves weighing “ESG”: Environmental considerations, Social considerations and corporate Governance considerations.

Environmental consideration weighs a company’s production and usage of carbon-based fuels, air and water pollution, use of wind and solar energy, production of toxic wastes and even design and use of packaging.

Social consideration weighs the firm's efforts and success in employee diversity, employment opportunity, workers' treatment, internal discrimination policies and pay equity.

Governance considerations include examining management's alignment with shareholder and broader stakeholder interests, executive compensation, board diversity, level of independent board oversight and participation, and voting control.

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Topics: Investment Management

Four Ways to Build Wealth When Interest Rates Are Low (Like Right Now)

Posted by Shams Afzal, AIF® on Dec 22, 2020 1:00:00 PM

Low interest rates, along with all their advantages and pitfalls, have defined much of the last decade. While prior recessionary periods have seen overnight shifts by the central bank to sub-1% interest rates, 2020 appears to manifest an extreme version of it so far. As the Federal Funds Rate was slashed from 1.5% to nearly 0% in March of 2020, the 10-year Treasury, the widely followed proxy for long-term rate setting purposes, registered a low of just 52 basis points within days of the Fed actions, an historic low.

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Topics: Investment Management

A Day in the Life of a Portfolio Manager: Meet Chris Carey (Carnegie’s Youngest Portfolio Manager)

Posted by Carnegie Investment Counsel on Dec 16, 2020 10:30:00 AM

We continue our series profiling different financial advisors at Carnegie Investment Counsel with our youngest portfolio manager, Chris Carey.

According to Chris Carey, portfolio manager at Carnegie Investment Counsel, the jobs you do in life may provide an even greater education than the theories you learn in school… even the internships and work experience you may do for free.

Carey didn’t go to school with the intention of going into finance. He was interested in the food industry after working for an upmarket grocery store, Waitrose, in his hometown of London, England, during his time at high school.

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Topics: Investment Management

Beyond the Millionaire Next Door: Our Team Shares Great Gift Book Ideas About Money, Finance and Even Sales

Posted by Carnegie Investment Counsel on Dec 10, 2020 1:30:00 PM

With the upcoming holiday season, we reached out to our Carnegie Investment Counsel team to share gift book recommendations. No two answers were alike and the recommendations were rich and unexpected.


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Topics: Investment Management

Is This the Right Time to Convert to a Roth IRA? Why It Might Make Sense Today

Posted by Bryan Blackburn, CFP® on Dec 2, 2020 1:30:00 PM

As more and more conversations come up regarding future increases to tax rates, many people are wondering, is this the right time to convert a Traditional IRA to a Roth IRA?

A number of factors in 2020 have created an environment that may make it advantageous to consider converting. The steps taken by the U.S. government to combat the COVID-19 outbreak have altered the landscape for retirement assets and how they should be allocated.

Today, IRAs are one of the primary vehicles that Americans use to fund their retirement. In fact, 43.9 million households held at least one IRA in 2017, with 35.1 million households holding Traditional IRAs and 24.9 million holding Roth IRAs, and some households holding both [Investment Company Institute]. Additionally, due to changes in the tax laws of 2010, there are no age limits or income requirements to be able to convert a Traditional IRA to a Roth IRA, but keep in mind you will have a tax liability on the amount that you convert.

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Topics: Investment Management

Holiday Picks from Our Advisors: What Games Helped You Learn Money Management?

Posted by Carnegie Investment Counsel on Nov 24, 2020 11:00:00 AM

The Thanksgiving holidays provide a time for gathering with family and friends, whatever that looks like for you in 2020.

We asked our team members about games they played with family around the holidays that helped them learn money management. Below our financial advisors share their holiday favorites. 


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Topics: Financial Planning

What’s on Your Bucket List and How Do You Achieve Those Dreams Financially?

Posted by Gary Wagner on Nov 12, 2020 4:00:00 PM

Do you have a personal bucket list or a roster of things to do before you die (or “kick the bucket”)? What’s the value of such a list? Why do many people create an inventory of things to accomplish during their lifetimes? How do you conceive a bucket list for yourself or with your loved ones?

Today, some people begin creating their bucket list earlier in life, possibly merging their list or revising it with a spouse in later years. Others do not even begin considering their lifetime goals until middle age or as retirement beckons. In recent months, the pandemic has made exotic travel even more of an aspirational future dream but still bucket-list worthy. 

Your bucket list can take many different forms, but the underlying design will always revolve around your aspirations and subsequent achievements. Here we also provide advice on how to plan for your bucket list items financially.

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Topics: Financial Planning

Are You Reevaluating Your 401(k) Funds?

Posted by Kim Gannis, AIF on Nov 6, 2020 1:30:00 PM

2020 is one for the record books. We have experienced dramatic market swings with the unprecedented drops in March, to the new highs and lows in October.

A few months ago, people were afraid to open and look at their 401(k) statement. The historical lows could not have hit at a worse time for first quarter statements. In early October, with the markets hitting new highs, people couldn’t wait to see the statements. Which leads us to the question: What do we advise people to do now?

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Topics: Investment Management

What Should I Do with My Portfolio in My 20s, 30s and Beyond?

Posted by Shams Afzal, AIF® on Oct 27, 2020 1:30:00 PM

While some investing wisdom is timeless and can be as simple as “save early and often,” behavioral finance shows us that the best advice is one that can be followed and adhered to long enough for it to deliver. 

Priorities in one's 20s are and should be different than those in one's 40s and beyond. 2020 has put a wrinkle in even the best laid plans and added other layers of uncertainties to be taken into account for both short- and long-term financial decisions. Here are some steps to consider in the different phases of financial life.

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Topics: Investment Management

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