Life Insurance Basics
Preparing for your family’s future goes beyond investing to meet your goals and objectives. A key component of ensuring your family’s future is financially stable is obtaining the right amount and the right kind of life insurance. Life insurance can help reduce the financial impact your passing could have on your loved ones. Among many […]
Estate Planning Basics
Estate planning is the process of planning for how an individual’s assets and liabilities will be managed, preserved, or distributed after incapacitation or death. One of the goals of estate planning is to distribute the individual’s assets in the timeliest, most tax-efficient manner in accordance with the wishes of the incapacitated or deceased individual. Estate planning poses a significant challenge because it forces one to think about their own incapacitation or death. That being said, it is imperative to get organized and think about these events…
Health Savings Accounts (HSA’s)
A Health Savings Account, more commonly known as an HSA, can be a powerful tool. To put it simply, an HSA is a savings account. An individual or a family can deposit money into this account to be used for future health care costs; with one caveat: the funds inside the account can only be […]
The Central Bank Effect
As 2018 ended, it appeared as if the Federal Reserve was intent on further interest rate hikes (after 4 in 2018). In addition to interest rate hikes, the Fed had hinted that the reduction in its balance sheet would continue, and was basically on “auto-pilot”. Both of these policies made investors fearful that the Fed […]
Good Debt vs. Bad Debt
Your personal net worth consists of both assets and liabilities. The simple equation to calculate your Net Worth is: Net Worth = Assets – Liabilities Liabilities or debts, often given a bad rap, tend to be overlooked in favor of assets. However, debt can be a powerful tool; the amount you borrow and the way […]
Charitable Donations: Stock vs. Cash
As we approach year end and the holiday season, you may be thinking about giving back. According to the Network for Good, 29% of all giving done on their platform in 2016 occurred in December, with 11% taking place over the final three days of the year. Properly planning your charitable contributions can help lead […]
Stocks and Options 101: A Strategy for Managing Risk with HCR Wealth Advisors
Many people think that options are confusing and too complicated, but that doesn’t have to be true. HCR Wealth Advisors educates its clients on investment strategies as a registered investment advisory firm. This is what people need to know about the options trading. The two types of options are puts and calls. When the client buys a […]
The Financial Crisis: Then and Now
Today, we can look back and glean important insights from the financial crisis that began with the U.S. housing market and culminated with a full-blown global credit crunch that affected many countries around the world. This crisis, known as the Great Recession, is the worst recession in the United States since the Great Depression. The […]
ESG Investing
ESG investing is currently estimated to have $20 trillion in assets under management. This represents almost one quarter of all professionally managed assets around the world, which begs the question: What is ESG Investing? ESG stands for Environmental, Social and Governance. ESG investing grew out of Socially Responsible Investing (SRI). Instead of excluding companies based […]
HCR Wealth Advisors Offers Its Views on Socially Responsible Investing
The field of socially responsible investing is gaining in importance among investors, but there are no easy definitions and some confusion in a rapidly evolving environment. HCR Wealth Advisors employs a personalized approach to help its clients interested in SRI. An investment is considered to be socially responsible based on the nature of the business. The initial assessment […]