Carnegie Investment Counsel Blog


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

When Is it Time to Hire a Financial Advisor? How Do Their Fees Work?

Posted by Gary Wagner on Oct 9, 2020 10:30:00 AM

There is no specific timeline to help guide your journey to financial well-being. As such, there are no hard and fast rules that will determine the best time to engage a financial professional to help manage your assets. 

Many people feel that they can manage their investment portfolios on their own in spite of a lack of overall financial literacy or training. As your nest egg grows and your situation becomes more complicated though, you may find yourself in need of an all-encompassing financial game plan. Finding an advisor with whom you can develop a long-term relationship can go a long way toward meeting your financial goals.

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Topics: Financial Planning

A Day in the Life of a Financial Planner: An Interview with Heidi Rose, CFP®

Posted by Carnegie Investment Counsel on Sep 24, 2020 1:30:00 PM

As part of a new series, we share more about our financial advisors. In this article, we interview Heidi Rose, a CERTIFIED FINANCIAL PLANNER. At Carnegie Investment Counsel, every office location has access to a CERTIFIED FINANCIAL PLANNERteam member through virtual teams. Here is our interview with Heidi Rose: 

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Topics: Financial Planning

Will You Outlive Your Retirement Funds? Plan for Success Now

Posted by Gary Wagner on Sep 10, 2020 10:45:00 AM

If you are getting close to your retirement, you might be worrying about whether the money you have set aside is going to last. It’s a legitimate concern, especially considering that the average life expectancy continues to increase. There is a good chance that you’ll live longer, but will your money last longer? 

The answer is yes, it is possible to stretch savings. With a smart investment strategy, a realistic view of healthcare costs, and a commitment to living within your budget, you can make your money outlast your retirement. Let’s take a look at some ways you can improve your financial outlook with a little foresight and planning. 


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Topics: Financial Planning

Understanding Net Unrealized Appreciation (NUA) for Tax Planning

Posted by William Anderson on Aug 28, 2020 1:30:00 PM

Do you own your employer's publicly traded stock in your qualified retirement plan? And are you planning to retire soon? If yes, then the use of Net Unrealized Appreciation (NUA) may represent a significant tax planning opportunity for you. 

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Topics: Financial Planning

Survivor Benefits: Navigating Social Security for Widows, Widowers, Surviving Children and Parents

Posted by Bryan Blackburn, CFP® on Aug 14, 2020 10:30:00 AM

For many Americans today, Social Security is one of their most substantial retirement assets. In fact, nearly all U.S. workers and their families will qualify for some benefits under the system, originally enacted in 1935. Social Security benefits can be viewed as a portion of the “replacement income” that people need once they decide to retire.

While it is certainly a topic that is difficult for many of us to contemplate, what happens when we succumb to the inevitable and depart this life? What benefits under the Social Security program are available for surviving partners and children? Do parents of the deceased qualify for benefits?

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Topics: Financial Planning

What is a Custodial IRA? A Financial Advisor Shares Insights for Teens and Summer Job Savings Accounts

Posted by Raz Pounardjian on Aug 6, 2020 11:30:00 AM

Intern Peggy M. interviews portfolio manager Razmig Pounardjian for thoughts on what teens should do with their summer savings accounts. Here is Peggy’s post.

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Topics: Financial Planning

6 Retirement Mistakes Even Smart People Make And How to Avoid Them

Posted by Gary Wagner on Jul 14, 2020 1:46:00 PM

You’ve worked hard your entire life. Now it’s time to look forward to your retirement. After all your dedication, your golden years should be everything you hoped for. But along with the excitement of impending retirement, there also comes the responsibility of sound financial management.

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Topics: Financial Planning

CARES Act Summary - Updated for June 23, 2020

Posted by Carnegie Investment Counsel on Jul 8, 2020 1:30:00 PM

Updated June 23, 2020

[Text in BOLD below are updates reflecting IRS Notices 2020-50 and -51]

On March 27, 2020, the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (the “Act”) was signed into law. A portion of the Act is intended to loosen access to retirement plan funds and provide relief for individuals impacted by the COVID-19 pandemic. The following is a summary of the retirement-related provisions of the Act:

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Topics: Financial Planning

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