Retirement Planning

Common Investment Mistakes: Avoid the Big “3”

While poor investment outcomes can result from a variety of reasons, there are a few common mistakes. The good news is that these mistakes can be avoided with a small amount of planning and discipline.  See below the mistakes that I refer to as the “Big 3”: For weekly insights, follow The Welch Group every […]

5 Mistakes That Can Have a Ripple Effect in Retirement

5 Mistakes That Can Have a Ripple Effect in Retirement

By The Welch Group The years approaching retirement and the first couple of years away from work are the most critical phases of your golden years. Not only must you figure out what you will do with all your free time, but also change your mindset from being a diligent saver to a smart spender. […]

Social Security Expectations for 2023

Inflation is at a 40-year high and interest rates keep increasing. However, there is a silver lining in these uncertain times, especially for Social Security Beneficiaries: the potential for a substantial cost of living adjustment in 2023. As of now, projections for the adjustment are as high as 10%, but this may change based on […]

How Would you Feel about 9.62% Guaranteed Interest?

The annual inflation rate accelerated to 9.1% in June, the highest rate we have seen since 1981 when Jimmy Carter rolled out the ‘WIN’ buttons (Whip Inflation Now). This is the worst inflation in over 40 years! Inflation is hard to miss. A tank of gas is approaching $100 and prices of just about everything […]

Are We in a Recession? Are you at Risk?

The National Bureau of Economic Research (NBER) currently defines a recession as “a significant decline in economic activity across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, etc.” Historically they defined a recession as simply “two consecutive quarters of decline in real Gross Domestic Product […]

Changed Jobs? What Are Your 401(k) Options?

Each year, millions of Americans retire or change jobs.  In fact, due to the tight labor market in 2022, Americans have more leverage than in the past with approximately 65% of workers currently looking for alternative opportunities.  Regardless of the reason for your employment transition, do not forget about your old employer-sponsored 401(k)’s. According to […]

Declare July 5th as YOUR Financial Independence Day!

Yesterday we celebrated the 4th of July (Independence Day) as a nation. It is a great time to remember the sacrifices Americans made to free themselves from British rule and set America on a course to become the greatest nation on earth. For weekly insights, follow The Welch Group every Tuesday morning on WBRC Fox […]

Making Sense of Your 401(k) Options

For most participating in a company 401(k) plan, it can be difficult to confidently create a portfolio that aligns with one’s financial goals and objectives. The challenges vary from the confusion around expenses to the limited menu of stock and bond mutual fund options; not to mention the illusion of diversification. So how do you […]

Retirement Planning Checkup: Don’t Overlook These Items

While focusing most of our time and effort on the intricate details of financial planning, it’s also important not to overlook the big picture: financial planning concepts that are vital for long-term success.  Below are some big picture items I find lacking in retirement plans. Follow The Welch Group every Tuesday morning on WBRC Fox […]

How to Recession-Proof Your Portfolio

A recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. Well, we just had our first negative GDP quarter, and there is much speculation that our next quarter will also be negative…a recession. The stock market has […]