Articles

Posted October 28, 2021
By: Helios

Building wealth can be an important part of financial planning, since it can help you enjoy life and provide for your family. But as the saying goes, you can’t take money with you when you die. So part of financial planning is thinking about how you might leave an inheritance. Or, to...

Posted October 22, 2021
Social Security offers a 5.9% cost-of-living adjustment. What if I am delaying my benefits?

The Social Security Administration officially published the 5.9% cost-of-living adjustment (COLA). The 5.9% COLA increase is the largest adjustment to the benefit in 39 years. So how does this affect...

Posted September 28, 2021

By: Helios

 

A financial plan is, at its core, a look at your current financial health and a map to help you reach your goals. It usually looks at four categories: your income, your expenses, your assets, and your debt. If we keep all four of these in balance, you have enough money...

Posted August 24, 2021

Disclosure: This article will most likely apply to high-income earners or those that are financially healthy and extremely aggressive savers. Let me just start off with mentioning that if you are maxing out your Roth IRA & 401(k) year in and year out, this is a great choice for your future...

Back To School Budgets
Posted August 12, 2021

It's back to school time which means stores are filled with parents and their kids, picking out all the items needed to start a new school year! If you are wondering how to budget for the expenses, I went on New Day Cleveland to share 5 back to school budget tips and you can see that segment...

Posted August 03, 2021

We often talk about the reason you should remove debt from your life is because it eats away at the largest wealth building tool that you have: Your Income! If someone has the ability to earn an average lifetime income of $50,000/year over a 40-year work history, that equates to a $2,000,...

Posted July 28, 2021

Compounding interest is a concept that many people are familiar with, especially in the investing world, and it can most simply be thought of as “interest that you have already earned that is earning interest on itself.” Not only is this a valuable phenomenon when achieved with long-term...

Posted July 20, 2021

Many of Americans woke up to a surprise in their bank accounts last Thursday morning. An extra deposit, they may or may not have been expecting was delivered, courtesy of the $1.9 trillion American Rescue Plan Act of 2021. This money, while extended above normal levels, is an advanced payment of...

Posted July 13, 2021

In 1989, Senator Bob Packwood of Oregon, and Senator William Roth of Delaware, proposed the idea of what they termed at the time, the “IRA Plus”. Their idea was to allow individuals to make contributions now, with no immediate tax savings (no benefit today), and then allow for tax free growth...

Posted June 08, 2021

Everyone views retirement a little differently. Some folks love their career and want to continue pursuing their passion for as long as their health and desires will allow them to; while others are looking for the exit sign, in regards to their career, as soon as they can spot it. For those that...

Posted June 08, 2021

Financial Advisors with the heart of a teacher. It’s one of the first things you see on our website. It’s one of the sayings you’ll hear Dave Ramsey and the crew at Ramsey Solutions, constantly preach. It’s what we try to instill in the life blood of any financial advisor that puts on the green...

Posted May 18, 2021

The word of the day is VOLATILITY, and in the investment world, this word can leave a bad taste in your mouth. Is it avoidable? The answer is certainly not. As an advisor, investor, or both, we all know that volatility is a natural aspect of the stock market or any individual investment. We all...

Posted May 18, 2021

An all to common scenario in our office is, Client A walks in, has done an excellent job of saving money, presumably enough money to retire on, yet it’s all in tax deferred, retirement vehicles that certainly have their many benefits but all too soon, this client, will begin to have to deal with...

Posted February 23, 2021

Those of us that love and respect Dave Ramsey have heard him say that there are two types of investments he makes on a regular basis. The first, being mutual fund investing based on his principals of diversification (Growth, Growth & Income, Aggressive Growth & International) and also...

Posted February 23, 2021

Often times we are asked why the guy that is known for getting people out of debt, Dave Ramsey, is such a focal point of our financial planning and investment management, RIA (registered investment advisory) firm. “He’s good at getting people out of debt but aren’t you guys supposed to help...

Posted February 23, 2021

You too can create good habits, learn new behaviors, develop effective skills, and make decisions with confidence wherever you might find yourself today. As your coach, we will work together, tailor plans, and I will help you to realize your life and money dreams. I want you to feel comfortable...

Posted January 14, 2021

       Having read the title of this article, it will inform you that my goal is to explain the main benefits of using a dollar-cost averaging investing strategy. However, first, it is important to understand what a dollar-cost averaging strategy entails, and there is a great chance that you as...

TEACH Grant - What is it? & Who is eligible?
Posted October 16, 2020

If you are going to college to be a teacher, the Teacher Education Assistance for College and Higher Education (TEACH) Grant might be beneficial for you.

Let’s look at what it is and who is eligible.

What is the TEACH Grant?

The TEACH Grant Program provides...

College, Debt Free? Yeah, It’s very possible!
Posted October 15, 2020

In the absence of hope, despair and status-quo become acceptable. This is the feeling I get when talking to many families about the chances they feel their children will be able to get through college debt free. No hope so status quo (student loans) become acceptable. Perhaps a family hasn’t had...

What Is An Umbrella Insurance Policy? Who Needs One?
Posted October 14, 2020

Imagine making the short drive to your local grocery store. It’s a drive you’ve made so many times that you’re practically on auto pilot. So much so that you don’t see a young man riding his motorcycle towards you and you turn in front of him. The accident sees him life flighted to the hospital...

Budgeting for October Expenses
Posted September 30, 2020

Tomorrow is October 1st which means that we are heading into the holiday season! This is the time of year when it seems as though there are expenses that can sneak up on us if we don't plan ahead for them. Here are a few items that you might want to add into your October budget. 

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New Day Cleveland Segment: Quarantine Budget
Posted September 29, 2020

I recently went on New Day Cleveland to share some Quarantine Budget Tips and I wanted to share them here as well.

This pandemic has impacted all of us in one way or another and as we know, money touches...

Tax Implications of Social Security
Posted September 18, 2020
How We View Social Security:

Most people understand the basics of social security and why/how it is used, and we also understand that it has been a critical systematic financial instrument for millions of Americans for decades. The positive side of social security is that, if it was completely...

Does the Stock Market Really Drop in Presidential Election Years?
Posted September 18, 2020

Fall in Ohio is a magical time, isn’t it? The heat of the summer is dissipating yet the sting of winter’s cold days is far enough off that we aren’t yet worried. There is no greater place to spend your September and October months than in this beautiful state watching a high school football or...

Health Savings Account (HSA) with Whitaker-Myers Wealth Managers (What are HSAs & Who is Eligible?)
Posted August 28, 2020

At Whitaker-Myers Wealth Managers, we all have the heart of a teacher, and it’s important that we consider all financial planning instruments and strategies for our clients. Due to the historical lack of awareness and knowledge with Health Savings Accounts (HSAs), it’s also important that we...