In the News: Lessons learned from Silicon Valley Bank
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains that when interest rates increase, the value of current bonds decreases, and how that contributed to Silicon Valley Bank’s trouble.
In the News: What have you done for me lately?
As seen in the Marietta Daily Journal, Bil Lako, CFP®, asks investors, “If you liked the investment before and nothing has changed except the price decline, why wouldn’t you jump at the chance to buy more at a lower cost?”
In the News: Three ways the SECURE Acts significantly changed required minimum distributions
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains how the rules surrounding required minimum distributions have changed recently.
In the News: Retirement savings should not be left on autopilot
As seen in the Marietta Daily Journal: Bil Lako, CFP®, explains that even if you were auto enrolled in your 401(k), It is still your responsibility to increase your contributions, select appropriate and diversified investments, and take advantage of Roth options if available.
In the News: Financial moves to minimize taxes; you need to consider all aspects
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains how a couple should consider a Roth conversion on a year-to-year basis as there are many moving parts to this financial move.
In the News: Cognitive Decline Can Increase Difficulty in Managing Finances
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains how naming a competent person as your financial power of attorney can allow you to relax and enjoy the time you have left.
In the News: An empty nest marks a significant financial event in your life
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains how having an empty nest is the time to focus on your future. With your children out of the house, there are probably several areas in your budget that you can reevaluate.
In the News: Optimal financial advice is based on open communications
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains that financial goals change as life happens. While your financial plan should look at least 10 years out, it’s not the same plan you will have 10 years from now.
In the News: Making your retirement a priority even when times are tight
As seen in the Marietta Daily Journal: Bil Lako, CFP®, explains how missing out on a small amount in your early saving years could make nearly a $100,000 difference in your retirement account.
In the News: A financial adviser’s fiduciary responsibility when clients divorce
As seen in the Marietta Daily Journal, Bil Lako, CFP®, explains that when clients go through a divorce, an adviser can go from one client — the couple — to two individual clients who are looking out for themselves. Because of the adviser’s fiduciary duty, they cannot provide advice that would be a disservice to the other spouse.