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What Factors Have the Greatest Impact on Your Credit Score?
Fun fact: You probably have dozens of credit scores out there, and each one might be a different number.You’re probably familiar with a credit score, why it’s essential, and what it’s used for, but do you know how...Read More
Important Financial Considerations to Make When Remarrying Later in Life
Discussing personal finances is important for any couple preparing for marriage. However, this topic can be more complicated for those who remarry later in life.If you’re remarrying later in life, one of your goals should be to...Read More
Top Considerations to Help Adult Children Be Better Prepared As You Age
As we get older, it’s important that our adult children are prepared to manage any aging-related situations that may arise. This includes everything from having to make medical and financial decisions to determining assisted...Read More
Tips for Raising Financially Literate Children
Every parent wants the best for their children and strives to prepare them to lead a happy, healthy, and successful life. But, despite understanding the importance of financial responsibility, only 28 percent of parents speak to their...Read More
Transitioning to Medicare from Private Health Insurance Plans
Transitioning from Private Health Insurance Plans to MedicareAs you approach retirement age, you may be anticipating transitioning from your private insurance to Medicare, which is a federal health insurance program that provides...Read More
Technology Guide for Seniors
By 2040, the U.S. Census Bureau estimates that 80 million people in the U.S. will be age 65 or older.1 Most of these senior adults will either want to—or need to—"age in place," living in their homes securely, independently...Read More
What Is the Sequence-of-Return Risk and How Can Retirees Mitigate Its Effects?
With the possibility of a recession looming, it's natural for those nearing or in retirement to have concerns over their long-term strategies. After decades of accumulating a portfolio, the last thing retirees want is for a market...Read More
Lifetime Estate & Gift Tax Exemption Updates for 2023
In October 2022, the Internal Revenue Service (IRS) announced tax changes for 2023 — changes primarily driven, in part, by the current inflationary environment. For affluent couples or individuals interested in transferring...Read More
The Challenge of Raising Non-Materialistic Kids
In today’s social media-obsessed world full of popular “influencers” targeting teens, pre-teens, and even younger groups, instilling values in your children and grandchildren about what really matters in life is more...Read More
Contribution Limit Increases for 2023: Just What We Wanted to Hear
In late October, the IRS announced that it is increasing contribution limits to retirement savings accounts in 2023. The changes, like many you are seeing, are a direct result of months of high inflation and financial uncertainty, some...Read More
Economic Update - February 2018
After ending a negative fourth quarter in 2018, equities saw recovery in January with relatively strong increases. The Dow Jones Industrial Average (Dow), Standard & Poor’s 500 (S&P 500), and Nasdaq Composite were up 7.5%, 7.3%,...Read More
Economic Update, November 2018
Equities retreated from previous highs and moved lower during October with the Dow Jones Industrial Average (Dow), Standard & Poor’s 500 (S & P 500), and Nasdaq Composite down 5%, 6.9%, and 9.2%, respectively. Small cap stocks...Read More
Economic Update, September 2018
Equities moved to new highs in August with the Dow Jones Industrial Average (Dow), Standard & Poor’s 500 (S & P 500), and Nasdaq Composite up 2.1%, 3%, and 5.7%, respectively. Small cap stocks, as measured by the Russell 2000...Read More
Economic Update, July 2018
Equities were mixed for the month with the Dow Jones Industrial Average (Dow) down about 4/10ths of 1% and the Standard & Poor’s 500 (S & P 500) up about ½ of 1%. The Nasdaq Composite and Russell 2000 index were up for the...Read More
Economic Update, March 2018
Equities were lower for the month, with the Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500) and Nasdaq down about 4.3%, 3.9%, and 1.9%, respectively. Small cap stocks were down about 4% for the month, based on the...Read More
Economic Update, Feburary 2018
Despite losses in the last few days of January, equities had strong gains for the month, with the Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500) and Nasdaq up about 8.1%, 5.6%, and 7.3%, respectively. Small cap...Read More
Economic Update, January 2018
HAPPY NEW YEAR!! Equities were mixed in December, with the Dow Jones Industrial Average (Dow) down about 4/10ths of 1%. The Standard & Poor’s 500 (S & P 500) and Nasdaq were up about 1% and 4/10ths of 1%, respectively. Small cap...Read More
Economic Update, December 2017
Equities were higher in November as some markets pushed to record territory. The Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500), and Nasdaq were up about 3.83%, 2.8%, and 2.16%, respectively. Small cap stocks were...Read More
Economic Update, November 2017
Equities were higher for the month, some in record territory (again), during October, with the Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500), and Nasdaq up about 4.3%, 2.2%, and 3.5%, respectively. Small cap...Read More
Economic Update, October 2017
Equities generally moved higher, some in record territory, during September with the Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500), and Nasdaq up about 2%, 1.9%, and 5.8%, respectively. Small cap stocks up more...Read More
Equifax Breach & Credit Monitoring Information
TO: Valued Clients & Advocates FROM: Morrie W. Reiff, CFP® Your Financial Concierge SUBJECT: Equifax Breach & Credit Monitoring Information The Equifax breach of security has resulted in the compromise of the private information...Read More
Now you understand an Index, so What is an “Index Fund” or an “ETF”?
An Index Fund is a type of Exchange Traded Fund (aka: ETF) An ETF is a fund that is traded on stock exchanges. An ETF can hold asset such as stocks, commodities, or bonds. They have been available in the US since 1993 and in Europe...Read More
What is an Index?
When you turn on your television or radio and hear “Index this” and “Index that”, have you ever wondered what are all these “indices” are? You know it has to do with finance and stock markets, but...Read More
Economic Update, September 2017
Equities generally moved higher in August with the Dow Jones Industrial Average (Dow), Standard & Poors 500 (S & P 500), and Nasdaq up about 2.8%, 2%, and 4.7%, respectively. Small cap stocks were down about 7/10ths of 1% for the month...Read More
Is Your Money Working for You?
You spend your whole life working hard for your money, right? Well why not let your money work for you NOW? Do you have money piling up in your checking account or stored under your mattress? Well that might seem like a good idea at...Read More
Planning with your Family
Do you have a "Modern Family" of your own? Do you have children and grandchildren who need financial guidance? Do you worry how your beneficiaries will handle their future inheritance? Whether it’s insurance planning, college...Read More
The Basics of Asset Allocation
Although we wish they did, Financial Advisor’s do not have a crystal ball to predict what the future holds. HOWEVER, there are many ways to protect your assets against the volatility of a market despite not having a magical...Read More
Financial Emergency Fund
Are you prepared for a financial emergency? Do you have a secret stash saved for a “rainy day?” What exactly qualified as an emergency? Natural Disasters Physical Accidents Vehicle Accidents Home Repairs Funeral Expenses...Read More
Welcome to our Blog!
Welcome to the official blog for Planned Asset Management! I would like to take a moment to tell you how excited we are to be adding a blog to our many forms of communication! In addition to monthly email newsletters, we are active on...Read More