Monday, March 20, 2017 12:33 PM
I am sad. As my two favorite F seasons both recently came to a conclusion. The NFL concluded its season in spectacular fashion with the NFL’s version of the “Evil Empire” winning yet another Super Bowl ring and Misters Brady and Belichick being considered amongst the greatest ever at their respective jobs. If that didn’t make me melancholy, the closing of the other F season certainly does, that’s right the Federal Employee Group Life Insurance (aka FEGLI) also recently closed. Maybe it takes an insurance guy to truly appreciate that open season, but I digress. So you may be wondering, what is the connection between Bill Belichick and the recent FEGLI open season closure. Well, hang on because it is about to get exciting (at least for the insurance world definition of exciting).
Friday, March 10, 2017 12:05 PM
2016 proved to be a year of significant, and at times surprising, events. Between the U.K.’s Brexit vote, Republican sweep of the U.S. election, U.S. equities reaching record levels, and the Fed’s decision to raise interest rates, it was a momentous year. In this recorded webinar, we reflect on these events, discuss specific investments' sectors and what can individual investors do to protect and maximize their investments.
Watch, as Ted Cox, Managing Director and Senior Investment Consultant at City National Rochdale shares the firm’s outlook and strategy, including the following:
- Sector-specific overviews: U.S. equities, high dividend and income equities, taxable and municipal IG bonds, high yield bonds, municipal high yield bonds
- What to anticipate from a Trump administration and GOP Congress
- How can you prepare for what's ahead?
Wednesday, March 08, 2017 9:29 PM
As the father of a nine year-old girl, I often find myself wondering about the mixed messages given to girls, and the impact they have. As an example, last weekend I was doing an internet search for fun science projects I could do with my daughter. In one of my searches, Google returned a science kit advertised as fun for a “boy’s birthday party” - apparently girls don’t enjoy science. Princesses are never happy until they get hitched to a prince and the Little Mermaid gave up her whole family for a boy she had never even met. I want my daughter (and all girls, for that matter) to grow up to be a strong, self-assured woman with an abundance of confidence. I don’t want her happiness to be dependent on anyone but herself. In my opinion, a key to this goal is to teach her to be financially smart. So what financial advice will I give her?
Monday, February 13, 2017 7:36 AM
Millions of individuals marry every year where they promise to "love, honor and cherish each other for better or worse, for richer or poorer…till death us do part." Yet, one of the top challenges marriages face are finances. No matter how close couples are when it comes to money issues, it can pull at the very fiber of their relationship. This financial obstacle facing many couples can be altered by aligning their money values and beliefs. Let’s face it, financial harmony is easier said than done, still it can be cultivated.
Wednesday, February 08, 2017 5:54 AM
My parents grew up in the generation where a great deal of mothers stayed home and raised the children and managed the household. My father worked for 45 years as a letter carrier and odd jobs for extra money along the way. It worked. They raised 4 children in a very small townhouse in Dundalk, MD in the 70’s and 80’s.
My mother kept the books, so to speak, and managed household purchases i.e. groceries, holiday gifts birthday gifts etc. She paid the bills and managed the finances and my dad worked. That was the way it worked for them. It was very common for families growing up then to have divided responsibility.
Now even though they have a son that is a financial advisor and I helped them along the way with planning the small amount of investments they were able to save, my mother was private and stubborn about many things. I am sure that many of you can empathize with regard to your own family dynamics. They had an estate plan. They had insurance. But there was one thing for which they were not ready.
Tuesday, January 24, 2017 8:24 PM
It’s the New Year and we all have our resolutions. Many of you plan on losing weight, getting into better shape and some of you plan on improving your financial situation. Financial planners are often asked, what is one thing I should focus on to improve my financial picture?
We have listed below not just one, but 7 simple things you can do this month and going forward to make a big impact on your financial future. If you do just one of them, you will have made progress. If you do all 7 consistently, you are well on your way to a successful financial future. Many of our clients do this already, so this list isn’t just for you. It is a great list to share with members of your extended family and your friends. This topic can be boring but is very helpful and essential for improving your financial future.
Sunday, January 22, 2017 2:49 PM
Valuations Are Fair and Earnings Should Improve
Since the election the stock market is making new highs seemingly every day. Does that mean we should worry? We don’t think so. The S&P 500 is trading at just a little more than the 20 year price to earnings multiple average of 15.9. It is possible for the market to continue to move up without expanding the multiple if corporate earnings accelerate. The last 8 years we have had GDP growth consistently below 3%. Corporate tax reform alone being proposed by the incoming administration could boost earnings by as much as 20% according to some experts.
Wednesday, January 18, 2017 9:08 AM
In William Shakespeare’s The Tempest, the dastardly Antonio implores Sebastian to kill his own brother, the King of Naples, by convincing him that “what’s past is prologue.” Antonio, who had 12 years earlier usurped his own brother, the Duke of Milan, by casting him and his young daughter out to sea in a rickety raft, certainly had a wicked way of fulfilling his political aspirations. As I write this and think about adjectives that best describe 2016, I just keep coming back to the word tempest – a violent windy storm.
With the worst start on record for the S&P 500, 2016 could certainly be described as having opened as a violent and windy storm. Amid a turbulent sea of Fed uncertainty, flagging oil prices, economic weakness in China and the first interest rate hike in a decade, by February 11th, the S&P 500 had lost almost 11% of its value. Things settled down quite a bit through spring and into early summer, as the market regained its earlier losses and even snuck briefly into the black. But this, as it turns out, would be the ‘calm before the storm.’ Much as Antonio convinced Sebastian to kill his own brother, Boris Johnson and his colleagues convinced the British people to kill their relationship with the European Union. In dealing a staggering blow to the political status quo befitting a Shakespearean drama, ‘Brexit’ also hit the stock markets like a tsunami. US stock markets declined by more than 5% in just four days, though they showed their resiliency by recovering shortly thereafter. International stock indices would never quite recover.
As echoes of The Tempest reverberated throughout the year, Antonio’s coaxing “what’s past is prologue” would prove to be amazingly prescient. As if merely the introductory act, setting the scene for the drama that lay ahead, ‘Brexit’ was only the beginning of 2016’s political upheaval. I am of course talking about Donald Trump’s staggering defeat of Hillary Clinton. Just after midnight on November, 9th, as polls across the country tallied their votes, stock market futures sold off by almost 900 points as the world came to grips with undoubtedly one of the largest political upsets of all time. In defiance of the experts and pundits however, U.S. stock markets managed to reverse course later that same day, with the Dow Jones Industrial Average rallying 257 points to close within striking distance of an all-time high.
Monday, January 02, 2017 2:27 PM
Lately, there has been a lot of new announcements in the long-term care insurance industry and it's hard to keep up what do they actually mean to those of us who already have long-term care insurance or thinking of getting it in the near future. Here with us is an insurance expert David Beck from the financial planning firm of Egan, Berger & Weiner to shed some light on this.
1) Who and what were the recent announcements?
2) Are these announcements a big deal or just business, as usual?
3) I already own a long-term care policy from John Hancock or Genworth, what should I do now?
4) So what if I am looking at purchasing long-term care insurance what I should I do?
5) What is the difference between these hybrid policies and the traditional long-term care insurance policies?
6) Is there some way to know which policy type is better for me?
Monday, December 05, 2016 8:05 AM
It's no surprise that we are all living longer, in fact one of the fastest growing segments of the population is people over the age of 100! There are many wonderful benefits to living longer lives, but what affect does aging have on our ability to make good decisions with our money? Watch as Howard Pressman, a Certified Financial Planner professional with Egan, Berger and Weiner discusses how aging affects our cognition and ability to make sound financial planning decisions and answers the following questions:
- Why aging and its affects on financial decision making more important today than in past generations?
- What can people do to protect themselves as they age?