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Gary Wagner

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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

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

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

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

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

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

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

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