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Tag Archives: finances
Financial Priorities Young Families Should Address
Wise money moves for parents under 40. As you start a family, you start to think about certain financial matters. Before you became a mom or dad, you may not have thought about them much, but so much changes when … Continue reading
Getting (Mentally) Ready to Retire
Even those who have saved millions must prepare for a lifestyle adjustment. A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their … Continue reading
Before You Claim Social Security
A few things you may want to think about before filing for benefits. Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You … Continue reading
Case Reveals Flaw in Beneficiary Designation Shortcut
This summary highlights a recent court case which underscores the importance of decisions relating to Beneficiary Designation, and the unfortunate consequences of carelessness. Because the original article was written for the benefit of Financial Advisors, the summarized content has been reworded … Continue reading
What You Need to Know About the Fiduciary Rule
A quick look at the changes coming for retirement accounts. Rules are changing concerning investment professionals and retirement accounts. In the eyes of many, the change is good. The “fiduciary rule” is going into effect in June. This Department of … Continue reading
How Will You Spend Your Retirement Savings?
Keep an eye on where it goes, as some destinations may be better than others You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, … Continue reading
Posted in Blog
Tagged finances, hanover maryland, income, maryland, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor
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The Importance of Financial Literacy
Too few Americans understand personal finance fundamentals If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are … Continue reading
Have a Plan, Not Just a Stock Portfolio
Diversification still matters. One day, this bull market will end. In the first quarter of 2017, the bull market seemed unstoppable. The Dow Jones Industrial Average soared past 20,000 and closed at all-time highs on 12 consecutive trading days. The Nasdaq … Continue reading
Posted in Blog
Tagged finances, income, Michael Canet, portfolio, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor, taxes
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The Rough Consequences of Not Saving for Retirement
Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any … Continue reading
Posted in Articles
Tagged finances, income, married, marry, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor
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Combining Your Finances When You Marry
How separate (or intertwined) should your financial lives be? Some spouses share everything with each other – including the smallest details of their personal finances. Other spouses decide to keep some individual financial decisions and details to themselves, and their … Continue reading
Posted in Blog
Tagged finances, income, married, marry, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor, spouse, taxes
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