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How to protect your parents from elder financial abuse and fraud

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How to protect your parents from elder financial abuse and fraud

By in Uncategorized
1 week ago
1 week ago 20

Everyone thinks elder financial abuse could never happen to their family—until it does. Just look at Alfred Mancinelli. The 79-year-old gave almost $1 million in retirement savings to various con-artists, including one posing as a professional wrestler named Alexis Bliss. Convinced he was in a romantic relationship with Ms. Bliss, Mancinelli refused to listen to his children’s concerns. Instead, the retired man sued his own son for trying to intervene.  …

10 questions that could change your life and financial independence

By in Financial Tips, General Education, Investor Behavior, Uncategorized
1 year ago
1 year ago 638

If you aren’t asking the right questions, you won’t get the best answers. When you change the questions you ask yourself, you can change your life. And the financial dimension of your life is no exception. Use the following 10 questions to help clarify your direction, establish meaningful milestones, and solidify a commitment to getting where you want to go. 1) How would having clear life goals impact your life? When your goals are…

Insurance during your midlife gap year: make sure your career break is fully protected

By in Financial Tips, General Education, Investor Behavior, News, Uncategorized
2 years ago
2 years ago 614

You’re embracing the idea of a midlife gap year. You’re picturing the landscapes, culture, and bucket list experiences in your mind. But unattended business is holding you back from peak excitement. You need proper insurance in case something goes wrong. When you’re taking a career break it’s tempting to ignore that responsible voice in your head. But if you do, this thrilling chapter of your life will be written with unnecessary…

The Gen X dilemma (part 1): how do you financially prepare and launch your children?

By in Financial Tips, General Education, Investor Behavior, Uncategorized
2 years ago
2 years ago 665

Gen Xers are caught in quite the pickle. You’re sandwiched between your aging parents and restless teenagers, and feel the financial pressure from both sides. You want to help, but feel uncertain of where to start. So what do you do? In this article, we’re going to focus on how to prepare and launch your children. More specifically, we’ll zero in on how you can help them find their financial…

An opportunity within a crisis within a crisis within a crisis

By in Uncategorized
4 years ago
4 years ago 0 1189

In this time of national stress, the global coronavirus pandemic and the economy have taken a back seat to the centuries-old and often ignored and re-opened wounds of the Black community. Individuals, companies and other institutions have a new opportunity to listen and create a better path. We stand in support of equality and dignity WealthStep condemns racism and discrimination and stands in support of equality and dignity for all…

Do you suffer from investment FOMO? The periodic table of investment returns can help.

By in Uncategorized
5 years ago
5 years ago 0 1278

Most people are not investment experts, and don’t have the time, inclination or energy to research and design the right mix of investments for their personal portfolio. Yet, with daily hype from the media or the unsolicited advice of friends who invested in a winning stock, you may still experience FOMO with your investing.  This ‘fear of missing out’ on the most recent hot returns may cause you to make…

2019 IRS contribution limit updates means you can save more in your retirement plan

By in Uncategorized
6 years ago
6 years ago 0 1121

You can now save more in your retirement plan! See below for 2019 IRS contribution limit updates, and click the link for IRA account and other updates. 401(k), 403(b), 457 Plan deferral Limit: 2018: $18,500, 2019: $19,000 “Catch-up” Contribution >age 50: 2018: $6,000, 2019: $6,000 Defined Contribution Total Dollar Limit: 2018: $55,000, 2019: $56,000 Highly Compensated Employee definition: 2018: $120,000, 2019: $125,000 Click here for full IRS announcement of 2019…

What to make of “Brexit”

By in Quarterly Thoughts, Uncategorized
8 years ago
8 years ago 0 1255

SUMMARY: The United Kingdom’s vote last week to leave the European Union has global significance, but it may take years to know the full impact. The U.K. is likely to feel long-term affects. In the short term, uncertainty about the degree of global ripple-effect makes investment markets nervous. Given tepid global economic growth, the medium-term stock market outlook that was already guarded before Brexit is a bit more so now,…