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Words of Candor

We all have financial goals that we want to achieve in the future, whether it's buying a house, retiring early, or saving money for a child's education. But to achieve these goals, you need to invest your money wisely and choose the right asset allocation to suit your personal financial situation.
Social Security is one of the most significant safety nets in American society. The program was enacted more than 85 years ago, and it still remains a crucial source of income for many Americans during their retirement years. Social Security provides benefits to individuals who have paid into the program through payroll taxes, allowing retirees to maintain a certain standard of living in their golden years. One important aspect of Social Security is the spousal benefit...
The headlines have been buzzing in recent weeks with news of the Chinese currency, the Yuan or RMB, potentially threatening the US dollar's status as the top reserve currency. Moreover, the concerns over the US defaulting on its debt is adding fuel to the fire, causing anxiety in the markets. But before you start to panic, let's get the facts straight.
Over the coming weeks there will continue to be a stream of information coming out regarding the collapse of several banks in the US and in Europe. We will undoubtedly learn more about the failures that led to the banks collapsing, the cost of the collapse, and what changes need to be implemented to attempt to stop these sorts of things from occurring in the future. One thing we already know that this situation reminded us of is that diversification still matters in your financial life.
In light of recent news events, we wanted to spend some time sharing information and perspective around the current banking situation. However, before we can begin to understand the current headlines, let's first understand what a bank actually is…
One of the most crucial pieces of a sound financial plan, and often the most overlooked piece, is the estate plan. Even though you may not realize, everyone has an estate plan, however some are more organized than others.