Social Security Q&A

Have a question about Social Security? Send your questions to Greg at Greg@2ndHalfWealth.com   Q: Where can I go to find answers to questions about Social Security benefits? A: We have found Social Security Administration offices in our area to be quite helpful. A call to the local Social Security office any time you have a…

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Have You Made This Mistake? How To Fix It…

Do you make this common mistake with your investments? Last week I sent an email following the big gyrations in the market. The opening line was, “Hello volatility, my old friend.” A cousin of volatility is risk. Different people can tolerate different amounts of risk. Someone who thoroughly understands long-term investing may have a relatively…

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Culprits Behind the Recent Market Volatility

Hello volatility, my old friend. By now, you’ve seen or heard the headlines, full of scary-sounding words like rout and storm, plunge and crash.  Whatever you want to call it, investors have certainly endured a rough time over the past few days.  The Dow, dominating the media’s coverage as usual, dropped more than 600 points…

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Financial Plumbing Questionnaire

 Your “Financial Plumbing” Questionnaire   What areas of your financial plumbing are you most concerned about checking in 2018? □ Reducing tax liability □ Increasing retirement savings □ Saving for child/grandchild □ Caring for a loved one □ Charitable giving □ Establishing a travel budget □ Moving to a new home/area □ Health care expenses □…

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Check These Areas of Your Financial Plumbing Regularly

No one ever wants to think about their plumbing. Picture it: all those pipes inside and beneath your house, criss-crossing like a maze of tunnels.  Rattling whenever you flush the toilet or run the dish washer.  Rusting as they get old.  Freezing every winter. Now ponder the incredible load those pipes must bear.  Gallons of…

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Major News Stories Don’t Drive Markets

Every January, it’s customary to look back at the year that was.  What were the highlights?  What were the “lowlights”?  What were the events we’ll always remember?  Most importantly, what did we learn? Rather than write a long recap of the entire year, let’s first look at this chart: Month Notable Events January Donald Trump…

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Do You Need to Take a Financial Health Day?

You may have seen my recent Facebook post about a Financial Health Day. I wanted to take a moment to share some of my thoughts. This is a great idea for many. Too many times dealing with financial matters can be as painful as cleaning the chicken coop (I’ll be doing that this weekend!). Batching…

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Improve Your Life

January is the perfect time to self-reflect and focus on a few areas where you can improve your life. One of my goals for the year is to start running again. In 2016 I had to redo some of my life insurance and when I look back at the insurance physical it shows my weight.…

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Is The Tax Man YOUR Friend?

Happy New Year! Like it or not, the Republicans in Congress were able to pass a new tax bill just in time for Christmas. There is something in it for nearly all of us – it is more like a tax cut. It’s the most significant overhaul of the tax code since 1986 – and…

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Basic Provisions of the Tax Cuts and Jobs Act

Understanding some of the main changes to the tax code. Before we dive into the new bill, it’s important to understand that most of the following changes affecting individuals and couples are set to expire in 2025.  Thereafter, tax rates and other provisions revert to their current form unless extended by a future Congress. Most…

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Six Gifts Santa Wanted to Bring You

As the year comes to an end, we’d like to send wishes to  you and yours for a joyous and Happy New Year!   Greg, Cathy, and Jenn! Holiday Schedule We will be closed for the New Year holiday starting at noon on Friday, December 30th and all day Monday, January 2nd. We will reopen Tuesday morning at…

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Merry Christmas!

  Merry Christmas and blessings to you and your family!   Holiday Schedule We will be closed for Christmas starting at noon on Friday, December 22nd and all day Monday, December 25th. The office will be open from 9:00am to 2:00pm Tuesday, December 26th through Thursday, December 28th. We will be closed for New Year’s…

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The Story Behind the Song: Silent Night

Silent Night is one of the most famous songs ever written.  In fact, it’s officially considered a national treasure in Austria.  But the origins of Silent Night are surprisingly humble. Silent night, holy night, All is calm, all is bright It was on a Christmas Eve night in 1818 that a young priest named Josef…

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Are You a Boy Scout Or a Meteorologist?

As the end of the year approaches in Colorado Springs we’ve had very little snow. I’ve watered our lawn twice in the last week. Will the snow we hope for ever really come this season? I’ve noticed the threat of winter weather typically forces people into one of three categories.  First, you’ve got the “Meteorologist-in-training.” …

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LPL Research’s Outlook 2018

Return of the Business Cycle At LPL Research, we’re looking ahead to a “return of the business cycle.” Instead of relying on intervention by the Federal Reserve (Fed) to propel employment and personal consumption, we will turn to fiscal policy and improving business fundamentals to spur further growth in the economy and stock market. Regarding…

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End-of-the-Year Money Moves

Things you can do before & for 2018. What financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those goals as well. What can…

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Three Questions You Should Be Asking

I came across this classic story not long ago. It’s called “Three Questions” by Leo Tolstoy, and it was written in 1905.  Now, I know what you’re thinking: Isn’t Tolstoy the one who wrote War and Peace?  One of the longest books ever?  And it’s true: Tolstoy wasn’t known for being concise.  Fortunately, “Three Questions”…

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Thanksgiving Proclamation of October 3, 1789

  By the President of the United States of America: a Proclamation. Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor — and Whereas both Houses of Congress have by their…

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Finding Tax Free Income

We have approximately 40 days left to consider a Roth conversion for 2017 (these must be completed by December 31st each year and we prefer December 20th). It’s generally a good idea for investors to consider including a Roth IRA in their overall retirement planning. Roth IRAs have the potential to grow tax-free, which may…

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Paying Tribute to Our Veterans

As you know, Veterans Day is drawing near.  While thinking about the day and what it represents, I came across a quote that really struck me: “War is for the participants a test of character: it makes bad men worse,and good men better.” – Joshua Lawrence Chamberlain Some of the best people I know are…

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Are You Shuffling to Retirement?

The World’s Toughest Race Imagine this scene for a moment. The ultra-marathon of 543.7 miles of endurance running from Sydney to Melbourne, Australia in 1983 was about to begin. Picture the registration table with world-class athletes signing in wearing shoes and running clothes of companies who backed them for the race. Along came a man…

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Don’t Be Mental

If this isn’t you – who should you share this with? A few years ago, I met with someone who we’ll call Sam.  He asked me a very simple question: “Why can’t I ever seem to get ahead financially?” I asked Sam to tell me a bit more about himself.  He continued: “I’m a college…

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Want To Go To Hawaii?

Where will you go when you’re enjoying your 2nd Half? We’ve heard from clients recently who have been to: Hawaii   New York Phoenix   Their Backyard San Diego   Cabo San Lucas Disney   Cancun Death Valley   Sedona Europe   Outer Banks Ecuador   RV Travels Washington, DC   Shark Swim in Baja  …

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$86,400 Can’t Stop Today

Imagine there is a bank that credits your account each morning with $86,400.  It carries over no balance from day to day.  Every evening, it deletes whatever balance you failed to use during the day. What would you do? Draw out every cent, of course! Each of us has such a bank.  Its name is…

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Who Wins, Who Doesn’t

Since President Trump’s election, the markets have climbed to record heights, partially thanks to investor enthusiasm for Trump’s policies. One of those policies is tax reform.  After months of behind-the-scenes talks between the White House and Capitol Hill, Republicans have at last released their plan to update the tax code. Tax law is murky, and…

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