Carnegie Investment Counsel Blog

Risk of Avoiding Financial Risk

Posted by Carnegie Investment Counsel on Jun 3, 2021 1:30:00 PM

One of the most important aspects of responsible financial planning is risk management. A proper understanding of risk can help you anticipate losses and gains and create an investment strategy with your financial planner as you build wealth. Assessing your risk tolerance can guide you in your investment decisions. Armed with this knowledge, you can start to see the risk of avoiding risk.

It is important to identify your financial goals, what it will take to reach those goals and understand the level of risk you are willing to take to get there. Your goals and behavior must be aligned.

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Topics: Financial Planning, Investment Management, Risk Management

How Hiring a Financial Advisor for Your Nonprofit Can Help You Make a Greater Impact

Posted by Bob Carroll on May 27, 2021 1:30:00 PM

When you work or volunteer for a nonprofit agency, your work is important and valuable. You might even say you are “doing good in the neighborhood!” When you combine your nonprofit mission with strong financial management you can make an even greater impact for those you serve.

Strong financial management is critical to the success of nonprofit organizations and helps them be more effective. This is true now more than ever, with the impact of COVID placing increased demand on financial resources. It helps to enlist the support of a qualified financial advisor to help navigate your nonprofit through volatile times.

So, what’s the case for engaging a nonprofit financial advisor for your organization? Here are some key benefits:

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Topics: Financial Planning, Investment Management, nonprofit financial advisors

Top Myths About Financial Planning

Posted by Carnegie Investment Counsel on May 13, 2021 1:30:00 PM

 

Are you considering hiring a planner to help navigate your financial future? If so, do you know what financial planning entails? Financial planning revolves around taking a holistic view of a client's financial situation and advising them on how to achieve realistic economic goals.

While it seems simple enough, there are several myths surrounding financial planning that might prevent you from enlisting a planner. Let's examine four of these in detail to help you reach a better understanding of how a financial planner can meet your needs.

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Topics: Financial Planning

Day in the Life of Linda Fousek, Chartered Financial Analyst® and Portfolio Manager

Posted by Carnegie Investment Counsel on May 4, 2021 1:30:00 PM

We continue our series profiling different financial advisors at Carnegie Investment Counsel with our Portfolio Manager Linda Fousek. Linda is a Chartered Financial Analyst® and her expertise areas are investment strategy and asset allocation, including portfolio construction and implementation.

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Topics: Financial Planning, Relationship Management

Update on Tax Season for 2021

Posted by Bryan Blackburn, CFP® on Apr 15, 2021 1:00:00 PM

The Internal Revenue Service anticipates that more than 150 million tax returns will be filed this year. In a normal year, this is a colossal undertaking. But in a world still altered by a pandemic, it becomes a bit more complicated for all parties involved. We are here to help you navigate the process.

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Topics: Financial Planning, Taxes

Tax Reference Guide and the Latest Tax Deadlines

Posted by Carnegie Investment Counsel on Apr 6, 2021 1:30:00 PM

This year, tax time may be a little different. On March 17, 2021, the U.S. Treasury Department and the IRS announced that the federal income tax filing due date for individuals for the 2020 tax year would automatically be extended from April 15, 2021, to May 17, 2021. This postponement to May 17, 2021, of the federal tax filing deadline, only applies to individual federal income tax returns and tax payments otherwise due April 15, 2021. Also, note that this relief does not apply to estimated tax payments due on April 15, 2021.

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Topics: Financial Planning, Taxes

How to Craft an Investment Policy Statement for Your Nonprofit, Corporation or Yourself

Posted by Meg Halloran on Mar 25, 2021 1:30:00 PM

As a portfolio manager at Carnegie Investment Counsel, I am involved with creating portfolios designed to help clients meet their goals. For individuals, corporations or nonprofits, investment policy statements (IPS) are a way to outline goals and objectives. Outside of work, I serve as an investment committee member for my church's endowment. As such, I am sharing my IPS experience as a portfolio manager and as a community member in my church. Let's start with some basics.

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Topics: Investing, Financial Planning, Wealth Management

A Day in the Life: Meet Brittany Blazey and Learn How Relationship Managers Simplify Life for Clients at Carnegie Investment Counsel

Posted by Carnegie Investment Counsel on Mar 18, 2021 1:30:00 PM

Brittany Blazey loves to think of ways to make her clients feel valued. Her role as the Relationship Manager at our Toledo Office is a perfect fit for a person with a heart for taking care of clients.

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Topics: Investing, Financial Planning, Relationship Management

Top 5 Financial Factors to Consider Before Remarrying

Posted by Carnegie Investment Counsel on Mar 4, 2021 1:30:00 PM

Thinking about another marriage as you approach retirement? What are the financial considerations?

Getting married at any point in life is an exciting step toward personal and shared fulfillment. But getting married later in life can be both exciting and potentially challenging, at least from a financial standpoint. Compared to those who are marrying for the first time, people who remarry likely have to solve a much more complicated financial equation in order to be prosperous.

Before you tie the knot a second or third time, you and your future spouse should have an open and sincere discussion regarding your respective finances. Some points in this conversation will probably be uncomfortable, but you can avoid future arguments by laying all your financial cards on the table today. Consider the following discussion points:

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Topics: Investing, Financial Planning, Wealth Management

8 Things You Need to Know to Survive and Thrive with Sudden Wealth

Posted by Donald L Haisman, CFP® on Feb 2, 2021 1:30:00 PM

Suddenly find yourself winning the lottery or with an unexpected inheritance? Or maybe you sold your company for a surprising amount. Sudden wealth means receiving more wealth than you are in the habit of being responsible for and having it happen quickly. While it may sound to some like a dream come true, there are both mental and financial considerations involved with sudden wealth. Here are eight steps to help you survive and thrive:

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Topics: Investing, Financial Planning, Wealth Management

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