Carnegie Investment Counsel Blog

Early Retirement: Strategies and Factors to Consider

Posted by Carnegie Investment Counsel on Sep 6, 2023 1:37:00 PM

Early retirement can be an enticing idea, but it requires careful consideration and planning.

Retirement…the golden phase of life that many of us aspire to achieve, where we can bid farewell to the daily grind and embrace the freedom to pursue our passions. Yet there is a lot to consider before making the leap, even if you have the financial resources available. 

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Which Retirement Savings Account Is Right for You? Optimizing Retirement Savings

Posted by Carnegie Investment Counsel on Aug 25, 2023 9:45:37 AM

What do you see when you envision your retirement? Are you on a sailboat in the Mediterranean? Baking cookies with your laughing grandchildren? Starting up that small business you were always passionate about? Writing that book like you always wanted? Realizing your dreams requires financial resources and a well-structured plan that optimizes savings and minimizes tax burdens.

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When to Claim Social Security: Factors to Consider When Deciding on Benefits

Posted by Carnegie Investment Counsel on Aug 16, 2023 4:48:00 PM

Social Security benefits play a crucial role in retirement planning, and deciding when to claim them can have a significant impact on your financial future. Making an informed decision requires careful consideration of several factors. So, how do you know the optimal time to claim Social Security benefits?

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Portfolio Risk Management: Navigating a Volatile Market with Effective Strategies

Posted by Carnegie Investment Counsel on Aug 2, 2023 10:16:00 AM

Navigating the market can be challenging even in favorable conditions, but the task becomes even more daunting during periods of volatility. It's especially beneficial to rely on effective portfolio risk management strategies during those times. 


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Preserving Your Wealth for Generations to Come: How to Build a Legacy of Financial Stability

Posted by Carnegie Investment Counsel on Jul 17, 2023 2:12:42 PM

Building wealth is a significant achievement but preserving it for future generations is another accomplishment entirely. A legacy of financial stability requires careful planning and strategic decision-making because wealth preservation goes beyond accumulating assets; it involves a comprehensive approach to protecting and growing wealth while minimizing risks and mitigating potential challenges. 

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Safeguarding Your Assets: The Role of Third-Party Custodians

Posted by Richard Alt on Apr 6, 2023 8:45:00 AM

With the recent bank failures, we have received inquiries as to the strength of the financial firms holding the assets of our clients. As a fiduciary advisor, we have maintained an arms-length approach to the selection of a client’s custodian, preferring to remain impartial and allowing the client to decide. Since there is a wide variety of options: banks, brokerage firms, discount brokerage firms, etc., there is also great variance in the quality and cost of services. We have historically suggested using Charles Schwab, TD Ameritrade, or Fidelity due to their size, low cost, service teams and independence. While clients still choose to use US Bank, Raymond James, PNC and others, with the preponderance of the assets we manage at Schwab and Fidelity, we will focus on these two custodians for this discussion. (Charles Schwab bought controlling interest in TD Ameritrade in November of 2019 and will transition accounts to Schwab by October of this year.) 

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Topics: Investment Management

Silicon Valley and Its Near-Term Implications

Posted by Shams Afzal, AIF® on Mar 23, 2023 9:00:00 AM

While many outlets have reported on the failures of Silicon Valley Bank and more news will continue to trickle in, it is our understanding that these episodes do not reflect the systemic risks experienced during the financial crisis of ’08-’09. The Treasury and the Federal Reserve are providing full backing for customers’ deposits in banks of all sizes. Affected customers are being made whole from a pool of emergency cash that receives its funding from a 2010-era banking legislation (Dodd-Frank) that mandated special fees on banks.

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Topics: Financial Planning, Investment Management

Seniors: Should You Add a Trusted Contact?

Posted by Carnegie Investment Counsel on Mar 21, 2023 2:00:00 PM

No one likes to think about falling victim to a scam or suffering a medical emergency, but the sobering truth is that these situations do occur. If this type of trouble arises, you may need someone to advocate for you or serve as your liaison. Having a trusted contact is extremely important when it pertains to the management and protection of your finances. 

Here’s how to begin the process of adding a trusted contact to your financial advisor account to prevent any disconnect.

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Topics: Financial Planning, Investment Management, Retirement Planning

How to Store Important Documents: At Home and Online

Posted by Carnegie Investment Counsel on Mar 14, 2023 2:00:00 PM

Storing important documents, like financial statements from your financial advisor, isn’t just a matter of organization: It’s key to keeping your information safe and limiting the risk of identity theft. Here’s everything you need to know about storing important documents at home or online.

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Topics: Financial Planning, Investment Management

Is Venmo a No-Go? Are Payment Apps Safe?

Posted by Carnegie Investment Counsel on Jan 26, 2023 2:00:00 PM

Mobile payment apps, such as Venmo and PayPal have gained in popularity, but is the cost of convenience the security of your money? As financial planners, we want you to understand the risks and benefits. If you’re wondering, are payment apps safe? Here are useful facts you need to know.

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Topics: Technology

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