Financial Basics

What I Wish I Had Known About Money When I Was Younger

By The Welch Group Having a good understanding of personal finance is crucial to experiencing financial freedom and success. The sad truth is that financial literacy is not typically taught in schools or families, leaving individuals responsible for learning about and implementing sound financial habits throughout their lives, from their first post-college job to retirement. […]

Time to Review Your Homeowner’s Insurance

In recent years, the expenses related to home construction have significantly increased due to various factors such as the post-Covid stimulus demand and low interest rates. While this may not concern homeowners who are not intending to enhance, expand, or build a new home, individuals with insufficient homeowner’s insurance policies are at risk of being […]

The Banking Crisis: What It Means for You

You have probably heard rumblings about the ongoing banking crisis across America. Silicon Valley Bank was the first domino to fall on March 10th of this year. Two days later, Signature Bank of New York was closed. Then on May 1st, First Republic Bank of San Francisco was taken over by JPMorgan Chase Bank. Bad […]

The Social Security Decision Tree

Social Security Retirement Income has evolved into the foundation of retirement planning for most workers, representing most of the retirement income, on average, for older Americans. Remember that Social Security Retirement Income is subject to cost-of-living increases, making it a very valuable income source for your retirement. This means making the right decision about when […]

Retired? Avoid the Cardinal Sin of Investing

Designing an investment portfolio can be a complex process at any age. It requires consideration of various variables such as risk tolerance, time horizon, and financial goals; however, there is one rule that always holds true for investors:  **Rule** Never put yourself in a position where you MUST sell assets when they are down to […]

Why Banks Fail & How to Protect Your Savings

By The Welch Group Banks play a vital role in the economy, providing individuals and businesses with access to cash, credit, and other financial services. Despite their importance, however, banks can fail. And when they do, the effects often cause panic in the wider economic environment. This past week, two major players in the banking […]

Is Your Money at Your Bank Safe?

Recently, the Silicon Valley Bank (SVB) failed without much warning in a matter of days leaving many bank depositors across the country wondering if their deposits were safe. The good news is that SVB was a member of the Federal Deposit Insurance Corporation (FDIC), which means that deposits of up to $250,000 are protected. However, […]

Understanding How to Manage Your Cash Better

For years, monitoring your cash and cash equivalent accounts was not worth your time as they yielded close to 0% interest. However, the conversation around cash has changed drastically since 2022, and it now pays to understand the difference between checking, savings/money market accounts (MMA), and money market mutual funds (MMF). A few easy adjustments […]

Your Guide to Social Security and How it Fits in Your Plan

2023-1_Your 2023 Social Security Benefits Guide

By The Welch Group Retirement planning can be an overwhelming process, and understanding Social Security can be a big part of that. Thankfully, there are resources to help you comprehend what Social Security is and how it fits into your retirement plan. Social Security benefits can be an important part of your post-retirement income, so […]

5 Reasons Why Healthcare Professionals Should Not Delay Retirement Planning

2022-11_5 Reasons Why Healthcare Professionals Should Not Delay Planning for Retirement

By The Welch Group As healthcare professionals continue to navigate the challenges of the pandemic, many are likely dreaming of a quiet and peaceful retirement. Unfortunately, more than 40% of healthcare workers reported that their financial situations have gotten worse since the onset of COVID-19. Even without factoring in COVID-19 stressors, physicians and healthcare professionals […]