Carnegie Investment Counsel Blog

Managing Risks for Retirement Spending

Posted by Alex M. Velazquez on Apr 24, 2025 3:05:03 PM

Managing Risks for Retirement Spending

Retirement is about more than just building up savings—it’s also about figuring out how to spend those savings in a way that lasts. One common approach is to use a fixed or “safe” withdrawal strategy, like the “4% rule,” where you spend a set percentage of your portfolio each year. But life doesn’t move in a straight line, and neither does the market. That’s why it’s important to regularly revisit your financial plan to determine whether adjustments to your spending might be needed.

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Topics: Financial Planning

Tax Season Prep: Planning Before the Deadline

Posted by Carnegie Investment Counsel on Mar 18, 2025 2:51:39 PM

As the April 15th tax filing deadline approaches, March is the ideal time to revisit your tax strategy, especially for families with trusts or more complex financial situations. By proactively addressing key tax areas, you can potentially reduce your tax liability and better position yourself for future financial success. Here are five essential tax strategies to consider this season:

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Topics: Financial Planning

2025 Heckerling Insights

Posted by Carnegie Investment Counsel on Feb 25, 2025 3:28:34 PM

The Heckerling Estate Planning Institute, sponsored by the University of Miami (Coral Gables) School of Law, was held in Orlando, FL, the week of January 12th. This was the 59th consecutive year of the conference, bringing together more than 4,100 attendees, consisting of wealth managers, probate attorneys, accountants, life insurance professionals, trust officers, charitable planned giving officers, financial planners and IRS Estate and Gift Tax Agents. Heckerling is the largest such gathering and has long been regarded as the Platinum Standard for practitioners representing clients throughout the U.S. and abroad. Each session is conducted by a distinguished probate practitioner or law school scholar. Discussed below are some of the current pressing topics of interest to clients served by Carnegie Investment Counsel.

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Topics: Financial Planning

Successful Financial Planning During Divorce: Building a Secure Future

Posted by Carnegie Investment Counsel on Oct 18, 2023 9:30:00 AM

Divorce can be emotionally and financially challenging, but with careful financial planning during divorce, you can navigate this difficult phase with confidence. Here are the financial strategies you need to get through this arduous time and build a secure future.

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Topics: Financial Planning

Are You Raising Financially Responsible Children? 6 Tips to Empower the Next Generation

Posted by Carnegie Investment Counsel on Oct 4, 2023 10:00:00 AM

As a parent, you want to prepare your children to navigate the world confidently, and that includes the world of money. Instilling healthy financial habits from an early age will help set them on the path to being financially responsible children. But how do you know if you’re instilling those essential habits? Here are six tips: 

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Topics: Financial Planning

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

What Is the Role of a Trustee?

Posted by Carnegie Investment Counsel on Jan 12, 2023 2:00:00 PM

When you’re looking at your overall financial picture, the role of trustee is an important position that comes with a lot of responsibility, but what exactly does the position entail?

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Topics: Financial Planning, Fiduciary

Financial Planning for Women: 3 Pitfalls to Avoid

Posted by Carnegie Investment Counsel on Dec 15, 2022 2:00:00 PM

Fifty years ago, a woman couldn’t open a credit card without her husband co-signing. While we’ve come a long way since then, women still face certain financial challenges. Financial planning for women must account for these challenges in order to avoid the issues they might create. Here are three of the biggest pitfalls women must consider when creating their financial plan and tips for how to avoid them.

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Topics: Financial Planning

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