Carnegie Investment Counsel Blog

 

Special Needs Financial Planning in Eight Simple Steps: A Guide for Parents

Posted by Byran Blackburn on Nov 26, 2019 11:00:00 AM

Raising a child with special needs has its own rewards. Someone once said, it's like taking a trip and arriving in Copenhagen when you thought you were going to Paris. Copenhagen has its own joys, but they may not be what you imagined about Paris. The milestones you dreamed of before becoming a parent may be different now.

Special needs financial planning can seem daunting for parents. There may be medical expenses today and planning for your child’s care when you no longer can. Here are eight steps to break the process down into manageable chunks.

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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

Women and Finance: Three Female Financial Advisors Share Financial Tips for Women (and Men)

Posted by Linda Fousek on Nov 5, 2019 10:00:00 AM

The Economist magazine has declared the 21st century the new millennium of growing female economic empowerment. And it’s true that in recent decades, women have made incredible strides, both professionally and personally. However, there is still a financial literacy gap for women.

Let's look at some facts:

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Topics: Financial Planning

Understanding Trusts: Is Trust Planning Right for You?

Posted by Bob Carroll on Sep 25, 2019 3:56:34 PM

 

Few financial planning concepts are as misunderstood as trusts. What trusts are and whether you need one are two questions that often arise when talking with a financial advisor. Here are some fundamentals of trust planning: 

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Topics: Financial Planning

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

10 Alarming Facts that Prove Financial Stress is Soaring: And 3 Ways to Fight Back Today

Posted by Carnegie Investment Counsel on Jul 22, 2019 9:46:00 AM

  • 78% of American workers live paycheck to paycheck according to a 2017 report by employment website CareerBuilder.
  • $6,741 is the average revolving credit card balance for U.S. households, according to a NerdWallet 2019 Survey.
  • 42% of workers with adult children over 21 provide them with financial support and more than half are willing to sacrifice their own financial well-being to do so, according to a 2018 (PwC) PricewaterhouseCoopers survey.
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Topics: Financial Planning, Investment Management, Corporate Retirement Plan

The Life Changing Magic of Tidying Up (4 Ways to Apply to Your Finances)

Posted by William Anderson on Jan 25, 2019 8:22:00 AM

It is very likely you have heard of the book, The Life Changing Magic of Tidying Up, or seen the recent Netflix series, Tidying Up. This popular system for organizing your house and office, the KonMari Method, was created by Marie Kondo.

What brings you joy?

Kondo and her writings have become incredibly popular both through her engaging personality, practicality of advice, and her simple but deep message.     

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Topics: Financial Planning

Brady's Leap and Your Financial Plan

Posted by Gary Wagner on Sep 2, 2016 2:00:06 PM

Many of you from Northeast Ohio area are familiar with “Brady’s Leap,” if only from the eponymous Ohio Turnpike service plaza at mile marker 197. For those of you who are not native to the area or simply need a refresher of this legend, gather round. 

Captain Samuel Brady

Captain Samuel Brady came from a notorious family of American Revolutionary soldiers and fought alongside George Washington with his father and brother. Throughout the Revolution, the Bradys fought in every major battle. By 1778, the Bradys were deployed to man the frontier, then located in Central Pennsylvania as most of the country anywhere West of that was occupied by Indians.

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Topics: Financial Planning, Brady

Be Prepared: 5 Key Components to a Strong Financial Plan

Posted by Bob Carroll on Feb 2, 2016 12:00:00 PM

 

Since 1907, "Be Prepared” has been the motto for millions of Boy and Girl Scouts around

 the world. The expression represents the constant readiness and willingness in both mind and body to do the right thing at the right moment.

You don’t have to be a scout to understand the motto applies to all of us. Here are five components of a strong financial plan:

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Topics: Financial Planning

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