The worker saving rate for retirement is less than 20% of what is needed to meet retirement goals. Couple this with a Social Security system that is expected to be bankrupt in 2040 and we are truly facing a retirement crisis of mega proportions. Not only are millions headed for a dreary and stressful retirement, […]
Retirement Crisis in America
Do You Really Want To Be A Trustee?
Last week I discussed potential issues for people who act as an executor of the estate of a deceased family member or friend. Whereas an executor’s role may last six to twenty-four months, trustees often have the job for decades. It can be a mammoth responsibility requiring many hours of dedicated service as well as […]
A Stressed Economy Yields Opportunity-Part II
Last week, I discussed the fallout resulting from the subprime debacle which first surfaced last summer. We reached a financial and economic tipping point earlier this year and only decisive action by Congress and the Federal Reserve averted a crisis. Noting that we are not out of the woods yet and things may get worse […]
When You Are Asked To Be An Executor
When my firm reviews wills for our clients, we often find that an individual, typically a family member or close friend, has been appointed the executor of the estate. Certainly, being asked to serve as executor of someone’s estate is an honor…indicating a level of trust and confidence in your abilities to carry out an […]
Money Strategies for Your Home – February 24, 2008
Money Strategies for Your Home – February 24, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC February 24, 2008 Money Strategies for Your Home February 24, 2008 For many people, their home is their single most valuable asset. Often, assets other than the home are modest, consisting of a small pension, […]
Tax Stimulus Plan- What it Means to You – February 17, 2008
Tax Stimulus Plan- What it Means to You – February 17, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC February 17, 2008 Tax Stimulus Plan- What it Means to You February 17, 2008 The big news story this past week was President Bush’s signing of the economic stimulus bill. In a […]
One Document Every Adult Should Have – February 10, 2008
One Document Every Adult Should Have- February 10, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC February 10, 2008 One Document Every Adult Should Have February 10, 2008 Picture this. You handle the family’s finances and pay all the family bills. In addition, you own a small business. Among the […]
When Should You Begin Taking Social Security Benefits? – February 3, 2008
When Should You Begin Taking Social Security Benefits?- February 3, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC February 3, 2008 When Should You Begin Taking Social Security Benefits? February 3, 2008 As a financial advisor who works with a large number of retirees and pre-retirees, I am often asked whether […]
Stock Market Money Rules – January 27, 2008
Stock Market Money Rules- January 27, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC January 27, 2008 Stock Market Money Rules January 27, 2008 The recent stock market volatility has placed an exclamation point on the need for everyone to establish their own set of ‘Money Rules’. Here’s the backdrop: The […]
Saving for College – January 20, 2008
Saving for College- January 20, 2008 Stewart H. Welch III, CFP, AEP Founder, The Welch Group, LLC January 20, 2008 Saving for College January 20, 2008 There’s no doubt that paying for your child’s college education is a scary proposition for most people. The average costs of tuition and fees for one year exceed $23,700 […]