Accumulating Funds for Short-Term Goals
We provide basic guidelines to help you accumulate funds for a short-term goal, such as a wedding or a down payment on a home.
SEPP Arrangements as a Last Resort
The “Money Talks” experts take a look at a unique situation where an investor is considering modifying his substantially equal periodic payment plan. They look at the rules behind the only allowed change and why he may not want to make the modification.
Meet the Experts: Tina Burgess
Tax & Business Consultant Tina Burgess highlights the multi-disciplined approach that Henssler CPAs & Advisers uses to effectively serve their clients. This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded…
4 Steps to Establish Your Financial Safety Net
When a financial emergency arises, do you find yourself scrounging for pennies? Consider setting up an emergency reserve. Learn more in this week’s Financial Tip.
Recovery, Elections, and Ugly Economic News
Many investors have similar questions–should we sell now? How do I position my portfolio for a potential presidential administration change? Why is the market so good if the economic news is so bad? We tackle these questions and explain why they can all be answered with our Ten Year Rule.
Tapping Retirement Savings During a Financial Crisis
While the CARES Act made it easier to access money in retirement plans, understanding these new guidelines and other rules for loans and early withdrawals may help you determine if this is an appropriate option during a financial crisis.
Mid-Year Financial Checkup: 6 Things to Do Now
The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward.
Cash Flow and Survival Mode: Planning for Hard Times
The COVID-19 pandemic has caused an interruption in income for many—not just business owners, but for families as well. It’s nearly safe to say no one expected for cash flow to dry up across the board. While the market has recovered the majority of what it initially lost, businesses and individual investors are still in…
Investor Psychology: 6 Behavioral Biases That Can Lead to Costly Mistakes
It can be difficult to act rationally when your financial future is at stake, especially when unexpected events like COVID-19 upset the markets.
Overcoming Loss Aversion and the Desire to Sell When the Market is Down
If we were playing a game and were to offer you a choice of a sure win of $50 or, on the toss of a coin, a chance to win $100 or nothing, while the probabilistic outcome (50% probability of $0 plus the 50% probability of $100) you would likely choose the guaranteed $50 according to scientific studies. After all, it’s a sure thing—you win. But let’s say we change the rules in the second round, and we offer you a sure loss of $50 or, on the toss of a coin, the chance to lose $100 or lose nothing at all, again the same -$50 probabilistic outcome. What would you pick?