Managing Your Budget During Uncertain Times
We are living in unprecedented times. Many Americans are currently feeling uncertain because of the coronavirus pandemic and managing finances during uncertain times can be quite challenging. Markets can be volatile and a continuing stream of breaking news (often negative) can leave you feeling like you have no good options left when it comes to […]
CARES Act Update
The recently passed Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, has introduced many provisions that clients should consider. Below, we have highlighted one section of the act that outlines the potential benefits and resources clients can utilize when considering their retirement accounts. RMD’s are suspended for 2020 Required minimum distributions will not be […]
Financial Advisors: How to Pick the Perfect One for You
As exciting as it sounds to say, “I just got off the phone with my financial advisor,” it doesn’t always make sense to have one. But then, sometimes it makes all the sense in the world. Let’s see which is which. When Don’t I Need a Financial Advisor? It doesn’t make sense if you’re in […]
Steps You Should Take to Avoid Financial and Identity Theft Online
Today’s consumer almost certainly has some financial information online. Even if you don’t shop online or use your phone to check your bank balance, there is personal identifying information (PII) and financial information online for almost every U.S. citizen. To make sure you’re keeping all of your information safe to prevent identity theft or financial […]
An Interview with Alyssa Phillips, COO of HCR Wealth Advisors
Q: For those who haven’t heard of it, what is the best way to describe HCR Wealth Advisors? A: Your life is a collection of important moments. It is in these moments where you stake your claim, create your identity, and dictate your future. These times of transition are often tied to an important financial decision, […]
How to Invest Even When You’re Worried
A stock market dip can be anxiety-inducing, especially for older Americans. Some people may think sitting tight and idly riding out downturns in the market as an onlooker is the best bet. However, hiding extra money in your mattress during a volatile market isn’t the answer either, as you’ll inevitably lose money due to inflation. How can […]
COVID-19 Update: Time to Sell or Buying Opportunity?
We have been receiving a lot of calls from clients wondering if we have a plan to deal with the current market environment. One of the difficulties of sending out these missives is how to write something that addresses the varying concerns of our broad client base. Some folks are fearful of the recent market […]
Letting Breadcrumbs Guide You Through Volatile Markets
Whiplash. We’ve gone from giddy highs to endless freefalls in sixty days. And it’s come totally out of the blue. When the new year began, there were concerns about financial markets being overvalued. Stock markets would continue to grow to record highs, after rising nearly 20% from their October 2019 lows. Most financial and investment […]
When is the Best Time to Enter the Stock Market
Deciding the best time to put your money into the stock market can be challenging, especially if you’re just beginning your financial journey. Reaching out to experts like those at HCR Wealth Advisors is a good place to start. Arguably, the most important thing to consider when deciding on the right time to enter the […]
Is Your Estate Plan Still Oh-So Pre-Digital?
The phrase ‘estate planning’ typically means wills, trusts, health directives, and executors. But the minute someone you care for passes away and you want to close down their Facebook account — or turn it into a memorial page — you discover that without their username and password, you’re stuck. While we know how digital our […]