HCR Wealth Advisors Helps Explain the Alphabet Soup of Economic Recovery
If there’s one thing every investor has an opinion about, it’s what shape the economic recovery will take. So, what is ‘shape?’ An economy goes into recession when it reaches a peak of activity and ends when the economy reaches its trough. At that point, the recovery begins. When economists plot out an economy’s future […]
HCR Wealth Advisors is the Right Financial Team for Your Divorce Proceedings
Finding the actual number of marriages that result in divorce is no easy task. Every organization or agency that tries has so many caveats that the statistics are questionable. But, the American Psychological Association says it’s somewhere around 40–50%. Whatever the number of divorces it is, the only one that counts is yours. If that’s […]
SECURE Act – “Stretch” Elimination
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which became law on December 20, 2019, drastically changed a very powerful financial and estate planning tool. For many, the ability to leave a Traditional or Roth IRA to the next generation as an inherited IRA is a valuable planning technique. Pre-SECURE Act, withdrawals from […]
How is the Government Navigating These Unprecedented Times?
The Coronavirus outbreak has affected the lives of every single person on the planet. Economically speaking, it has had a unique effect as it has resulted in rapid market changes in a way that hasn’t really seen before. Most economic slowdowns unfold at much slower speeds and over a longer period of time. Events build […]
Art of Helping “Smartly” During the COVID-19 Pandemic
As more and more companies are forced to let employees go — and as more shut-down businesses struggle with bills and bankruptcy — friends and family less affected by the coronavirus crisis will want to lend a helping hand. The question is: how do you do that, smartly? HCR Wealth Advisorscan help. While many will simply […]
Retirement Planning: Using Non-Taxed Assets to Keep the Taxman at Bay
You want to stretch your retirement nest egg as far as possible and to do that, you need to think of the taxman during the accumulation phase. How taxes play a role in retirement spending One thing is clear: the more taxes you have to pay in retirement, the more assets you have to accumulate before […]
Social Security: Can I Collect Benefits As An Ex-Spouse?
Most conversations about Social Security today focus on whether or not “it will be there” when you retire. Or, among beneficiaries, if payments shouldn’t go up faster than they do each year, compared with inflation. What conversations aren’t about is what a godsend these monthly automatic bank deposits are as part of people’s retirement income. […]
Emergency Prep: Maybe Emergency Food Supplies Aren’t So Silly After All
Say “emergency food supplies,” and we immediately think of doomsday preppers. People with bug-out bags so there’s an escape path from encroaching danger. Or hidden stockpiles of food and weapons in the case of Armageddon. But 2020 has shown us that no one is exempt from needing to prepare for an emergency. And in this […]
Financial Advisors Part 2: What You Need to Know
How are financial advisors paid? How financial consulting companies charge can seem confusing, as it’s multi-layered. It’s one area where you will want to get complete clarity. The fee structure An advisor’s fee structure can be fee-only, fee-based, or commission only. The structure you choose matters. As the name implies, a fee-only advisor receives no commissions on […]
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 […]