Articles

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...

August is National Make a Will Month
Posted August 27, 2020

Creating a Will can be really intimidating. It’s one of those things that most people know they should have but it just always sits on the “To-Do” list because they don’t want to think about it, they are afraid it’s going to be expensive, or they don’t even know where to begin.

You Want to...
August is #ABLEToSave Month
Posted August 25, 2020

Do you or someone you know have a disability?  Achieving a Better Life Experience (ABLE) is an investment account that you can use to pay for disability related expenses.

The ABLE Act was bipartisan legislation (crazy, right?!) introduced in 2013 and passed at the end of 2014. The ABLE...

How Scripture Memorization Can Help Your Finances!
Posted August 10, 2020

Jason was the type of manager that any restaurant employee would want to work for. Happy, energetic, funny & always positive. Every morning as he awoke, he realized he could either choose to be positive or choose to be negative. Choosing positivity, is not easy, but it was his choice and...

What is Ramsey+?
Posted August 06, 2020

If you follow Dave Ramsey’s principals, then I’m sure you know how important budgeting is! EveryDollar is Ramsey Solutions’ budgeting tool that can be used on your desktop or via an app on your phone. They have a free version as well as a paid version. The paid version links to your bank account...

Do You Have Term Life Insurance?
Posted July 30, 2020

Every day, we help clients develop a plan to achieve their financial goals and part of that is making sure they have the right insurance in place to take care of their loved ones if something happens.

Life insurance in an important part of your Financial Plan. It doesn’t sound as fun to...

OPERS Members - You Have 3 Retirement Plan Options
Posted July 22, 2020

If you are an OPERS employee, you may or may not already know that you have a choice in the type of retirement plan that you participate in. OPERS has 3 choices.

Traditional Pension Plan Member-Directed Plan Combined Plan

In this article, we will discuss the differences between the...

Ramsey Livestream: What Now? COVID-19 And Your Money!
Posted June 30, 2020

Dave Ramsey, Rachel Cruze, and Chris Hogan did a free Livestream last Thursday evening entitled "What Now? COVID-19 And Your Money!" 

In case you missed it, you can still watch it on their website, here. 

The Livestream is definitely worth...

Changing Careers? 7 Podcasts and Books That Can Be Helpful
Posted June 23, 2020

This pandemic has had an impact on all of us in one way or another and for some people, it may mean that they find themselves changing careers. If this is you, maybe it is a blessing in disguise. While it is not ideal to lose your job, the job loss may be what will push you towards pursing a...

Your 401(k) Could Have More Options Than You Think
Posted June 19, 2020

For many Americans, a large part of your retirement net worth is contained within your company 401(k) plan. Employer’s encourage this type of saving by not only giving you an easy payroll deduction option, so your savings is automatic, but they also provide you with a match, up to a certain...

Posted May 29, 2020

If you are wanting to save money for your kids, the next question is always “what type of account should I open for them?”

The answer depends on the goal for the money. If you want them to be able to use it for anything that they need/want (ie: house, car, etc) then you will likely want...

Posted May 14, 2020

Do you have a savings account for your child at the bank? If so, did you know that you could have that money invested and potentially earning much more than the interest rate that the bank offers? You can! Since savings interest rates at banks are typically pretty low, it is definitely...

Posted April 30, 2020

The COVID-19 pandemic has impacted everyone in one way or another. Unfortunately, one-way that some people are being impacted is by scams that have increased because the scammers know that people are more vulnerable right now.

Here are some scams that are happening as well as some ways to...

Posted April 22, 2020

The COVID-19 virus has changed our lives, at least for the short run, in impactful ways. As financial advisors, none more pressing than the changes it has created in regards to retirement planning and rules around retirement accounts. At least for now, these changes create unique opportunities...

Posted April 20, 2020

As you know, the government is issuing stimulus checks in order to help balance out the hardships that many people are feeling right now. Many Americans have already received their check or will be receiving it soon. 

If you are receiving one, it's a good idea to have a plan for the best...

Posted March 27, 2020

As one of Dave Ramsey's Smartvestor Pros, we are passionate about helping you with your money goals and questions! It is really important that we are available to do that even with everything that is going on. We are still open and meeting clients via Zoom video conference. Here is a little...

Posted March 27, 2020

You can meet our advisors and reach out to one of us here:

https://www.whitakerwealth.com/your-team

The blog post I mentioned in the video with the tips and resources, including a replay of Dave...

Posted March 26, 2020

We know that the Coronavirus (COVID-19) has impacted all of us and yet the level of impact can vary depending on your specific circumstances. 

If your income is changing due to everything that is going on, we know that can be stressful. We also know that just as fear is contagious, so is...