Broker Check

Blog

Howard sends out a weekly email on topical financial articles related to retirement.  Whether it’s ideas from the industry or emerging trends, you can read about it here. People really seem to like them, so keep checking in. We’re glad to have you reading along. 

 

Wednesday, October 25, 2017

Understanding Inherited IRAs What beneficiaries need to know and consider. Provided by Howard Erman At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you...

 

Wednesday, October 18, 2017

Understanding the Gift Tax Most of us will never face taxes related to money or assets we give away. Provided by Howard Erman "How can I avoid the federal gift tax?" If this question is on your mind, you aren't alone. The good news is...

 

Wednesday, October 11, 2017

Will You Really Be Able to Work Longer? You may assume you will. That assumption could be a retirement planning risk. Provided by Howard Erman How long do you think you will work? Are you one of those baby boomers (or Gen Xers) who...

 

Wednesday, October 4, 2017

Talking to Your Kids About Your Wealth How can you convey its importance and its meaning? Provided by Howard Erman Are you an owner of a thriving business or a medical or legal practice? Are you a highly paid executive? If you have...

 

Wednesday, September 27, 2017

Saving More Money, Now & Later You could save today & tomorrow, often without that penny-pinching feeling. Provided by Howard Erman Directly & indirectly, you might be able to save more per month than you think. Hidden paths to...

 

Show All

Wednesday, September 20, 2017

Which Financial Documents Should You Keep On File? ... and for how long? Provided by Howard Erman You might be surprised how many people have financial documents scattered all over the house - on the kitchen table, underneath old...

 

Tuesday, September 12, 2017

A note from Howard Erman concerning the Equifax breach By now, you may have heard that an estimated 143 million (roughly 44%) Americans could be affected by a cybersecurity attack carried out against Equifax, one of the nation's...

 

Wednesday, August 30, 2017

Getting (Mentally) Ready to Retire Even those who have saved millions must prepare for a lifestyle adjustment. Provided by Howard Erman A successful retirement is not merely measured in financial terms. Even those who retire with...

 

Wednesday, August 23, 2017

Before You Claim Social Security A few things you may want to think about before filing for benefits. Provided by Howard Erman Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by...

 

Wednesday, August 16, 2017

Medicare Enrollment Options for 2017-18 A summary of what you need to know. Provided by Howard Erman Key Medicare enrollment periods are approaching. This fall and winter, there are three periods in which Medicare beneficiaries can...

 

Wednesday, August 2, 2017

The Real Cost of College It may not be what you think. Provided by Howard Erman How much will your family end up paying for college? Your household's income may have less influence than you think - and some private colleges may be...

 

Wednesday, July 26, 2017

Could Insurance Rescue You in Retirement? Certain kinds of coverage may help to sustain you financially in an emergency. Provided by Howard Erman You plan for retirement with expectations in mind. You hope to enjoy a certain quality...

 

Wednesday, July 26, 2017

Will You Be Prepared When the Market Cools Off? Markets have cycles, and at some point, the major indices will descend. Provided by Howard Erman We have seen a tremendous rally on Wall Street, nearly nine months long, with the S&P 500...

 

Wednesday, July 19, 2017

Who Needs Estate Planning? Why it is so important and not just for the rich. Provided by Howard Erman You have an estate. It doesn't matter how limited (or unlimited) your means may be, and it doesn't matter if you own a mansion or a...

 

Wednesday, July 12, 2017

Having the Money Talk with Your Children How much financial knowledge do they have? Provided by Howard Erman Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a...

 

Wednesday, July 5, 2017

Why Retirees Need Good Credit Scores Careers & businesses end, but the need to borrow remains. Provided by Howard Erman We spend much of our adult lives working, borrowing, and buying. A good credit score is our ally along the way. It...

 

Wednesday, June 28, 2017

Beware of Emotions Affecting Your Money Decisions Today's impulsive moves could breed tomorrow's regrets. Provided by Howard Erman When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to...

 

Wednesday, June 21, 2017

A Primer for Estate Planning Things to check and double-check. Provided by Howard Erman Estate planning is a task that people tend to put off, as any discussion of "the end" tends to be off-putting. However, people without their...

 

Wednesday, June 14, 2017

One Couple, Two Different Retirements? After many years together, some retired spouses may find their daily routines far apart. Provided by Howard Erman When you see online ads or TV commercials about retirement planning, do they ever...

 

Wednesday, June 7, 2017

A Look at Revocable Living Trusts What they can (and cannot) accomplish. Provided by Howard Erman Living trusts are created with a clearly defined objective: to avoid probate. Unfortunately, misconceptions about living trusts have...

 

Friday, May 26, 2017

Join Erman Retirement Advisory's team and walk (5K) to support the Anti-Cancer Challenge Sunday, June 11, 2017 Arrive at 8am (race starts at 9am) Anaheim Stadium (parking is free) The UCI Cancer Center is launching an exciting new...

 

Wednesday, May 24, 2017

Ways the Middle Class Can Make a Difference for Charity You don't need to be wealthy to make an impact & get a win-win. Provided by Howard Erman Do you have to make a multimillion-dollar gift to a charity to receive immediate or...

 

Wednesday, May 17, 2017

Should You Apply for Social Security Now or Later? When should you apply for benefits? Consider a few factors first. Provided by Howard Erman Now or later? When it comes to the question of Social Security income, the choice looms...

 

Wednesday, May 10, 2017

Insurance and Investments A good financial strategy is not just about "making money;" it is also about protection. Provided by Howard Erman Some people mistake investing for financial planning. Their "financial strategy" is an...

 

Wednesday, May 3, 2017

Have a Plan, Not Just a Stock Portfolio Diversification still matters. One day, this bull market will end. Provided by Howard Erman In the first quarter of 2017, the bull market seemed unstoppable. The Dow Jones Industrial Average...

 

Wednesday, April 19, 2017

When Someone Dies Without a Will Where do things proceed from that point? Provided by Howard Erman Every day, people die intestate. In legalese, that means without a will. This opens the door for the courts to decide what happens with...

 

Wednesday, April 12, 2017

Building an Emergency Fund Everyone should aim to have a cash reserve. Provided by Howard Erman We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge - but with a little effort,...

 

Wednesday, April 5, 2017

Key Estate Planning Mistakes to Avoid Too many people make these common errors. Provided by Howard Erman Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from...

 

Wednesday, March 29, 2017

Active & Passive Investment Management What do each of these terms really mean? Provided by Howard Erman Investment management can be active or passive. Sometimes, that simple, fundamental choice can make a difference in portfolio...

 

Wednesday, March 22, 2017

Little Things That May Help Your Retirement Saving Over time, these seemingly small factors could make a major difference. Provided by Howard Erman Saving for retirement takes decades and demands the investment of significant amounts...

 

Wednesday, March 15, 2017

Should Women Strive to Work Past 62? The argument for doing that is pretty convincing. Provided by Howard Erman Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will "never retire...

 

Wednesday, March 8, 2017

Robo-Advisors vs. Human Advisors If an investor chooses a non-human financial advisor, what price could they end up paying? Provided by Howard Erman Investors have a choice today that they did not have a decade ago. They can seek...

 

Wednesday, March 1, 2017

America Saves Week How much are you setting aside on behalf of your goals? Provided by Howard Erman "Set a goal, make a plan, and save automatically." This is the motto of America Saves Week, which begins on February 27. America Saves...

 

Wednesday, February 22, 2017

Could You Improve Your Personal Finances Today? Simple decisions & new habits might lead you toward a better financial future. Provided by Howard Erman In life, there are times when simple decisions can have a profound impact. The...

 

Wednesday, February 15, 2017

What Does Your Home Insurance Policy Cover? Take a moment to see if you are adequately protected. Provided by Howard Erman Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking...

 

Wednesday, February 8, 2017

Do Our Attitudes About Money Help or Hurt Us? We may need to change them to better our financial prospects. Provided by Howard Erman Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a...

 

Wednesday, February 1, 2017

Saving $1 Million for Retirement How can you plan to do it? What kind of financial commitment will it take? Provided by Howard Erman How many of us will retire with $1 million or more in savings? More of us ought to – in fact,...

 

Thursday, January 26, 2017

Making & Keeping Financial New Year's Resolutions What could you do (or do differently) in the months ahead? Provided by Howard Erman How will your money habits change in 2017? What decisions or behaviors might help your personal...

 

Wednesday, January 18, 2017

Rehearsing for Retirement Try living as a "retiree" for a month or two before you commit to leaving your career. Provided by Howard Erman Imagine if you could preview your retirement in advance. In a sense, you can. Financially and...

 

Thursday, January 12, 2017

What You Can & Cannot Control as You Plan for Retirement Some things you have no influence over. You may have some power to affect other factors. Provided by Howard Erman Are you worried about retiring? Many baby boomers are, and they...

 

Wednesday, January 4, 2017

Your Annual Financial To-Do List Things you can do before & for 2017. Provided by Howard Erman What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or...

 

Wednesday, December 28, 2016

The The year in brief. Investors will likely remember 2016 as a year of two momentous votes and one monetary policy decision. This year brought the Brexit referendum in the United Kingdom and a surprise presidential election victory...

 

Wednesday, December 21, 2016

Your Year-End Financial Checklist Seven aspects of your financial life to review as the year draws to a close. Provided by Howard Erman The end of a year makes us think about last-minute things we need to address and good habits we...

 

Wednesday, December 14, 2016

End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2016. Provided by Howard Erman What has changed for you in 2016? Did you start a new job or leave a job behind? Did you retire? Did you...

 

Wednesday, December 7, 2016

Could You Improve Your Personal Finances Today? Simple decisions & new habits might lead you toward a better financial future. Provided by Howard Erman In life, there are times when simple decisions can have a profound impact. The...

 

Wednesday, November 30, 2016

Mortgage Rates May Stay Low for a Long Time Why aren't they rising? Are they the new normal? Provided by Howard Erman In November 2012, the interest rate on a 30-year home loan averaged just 3.31%. That was an all-time low....

 

Wednesday, November 23, 2016

Could Insurance Save Your Retirement? The right coverage might help to insulate you against a money crisis. Provided by Howard Erman Most people begin insuring themselves when they marry or start a family. They buy coverage in...

 

Wednesday, November 16, 2016

Mind Over Money Emotion often drives our financial decisions, even when logic should. Provided by Howard Erman When we go to the grocery store, we seldom shop on logic alone. We may not even buy on price. We buy one type of yogurt...

 

Wednesday, November 9, 2016

Could Unclaimed Money Be Yours? How can you find & obtain it? Provided by Howard Erman More than $40 billion in unclaimed cash & property waits to be returned. At first glance, that figure seems staggering, unbelievable - and, yet, it...

 

Wednesday, November 2, 2016

Tiny Social Security COLA, Possible Medicare Premium Hike Retirees will get only a few dollars more per month in 2017. Provided by Howard Erman The average Social Security recipient will get a $5 raise next year. Yes, a whopping $5...

 

Wednesday, October 26, 2016

Managing Drug Costs How can households meet the challenge? Provided by Howard Erman Are prescription drug costs burdening your finances? This problem is far too common today. Consider the price tag of some of the drugs used to treat...

 

Wednesday, October 19, 2016

Are There Really Tax-Free Retirement Plan Distributions? A look at some popular & obscure options for receiving money with little or no tax. Provided by Howard Erman Will you receive tax-free money in retirement? Some retirees do. You...

 

Wednesday, October 12, 2016

Updating Your Estate Plan When should you review it? What should you review? Provided by Howard Erman An estate plan has three objectives. The first goal is to preserve your accumulated wealth. The second goal is to express who will...

 

Wednesday, October 5, 2016

When Is Social Security Income Taxable? The answer depends on your income. Provided by Howard Erman Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a...

 

Wednesday, September 28, 2016

Think About Your Lifestyle Before You Retire Sometimes planning for retirement isn't entirely about money. Provided by Howard Erman How many words have been written about retirement? It's a preoccupation for many, and we devote so...

 

Wednesday, September 21, 2016

Characteristics of the Millionaires Next Door The habits and values of wealthy Americans. Provided by Howard Erman Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying...

 

Wednesday, September 14, 2016

Good Retirement Savings Habits Before Age 40 Some early financial behaviors that may promote a comfortable future. Provided by Howard Erman You know you should start saving for retirement before you turn 40. What can you start doing...

 

Wednesday, September 7, 2016

Bag Lady Syndrome You must avoid it. Think about tomorrow, not just today. Provided by Howard Erman No woman wants to end up a "bag lady" - impoverished, out of options, left to fend for herself on the streets. Only a tiny percentage...

 

Wednesday, August 31, 2016

Money Habits That May Help You Become Wealthier Financially speaking, what do some households do right? Provided by Howard Erman Why do some households tread water financially while others make progress? Does it come down to habits?...

 

Wednesday, August 24, 2016

Protecting Your Parents From Elder Financial Abuse How to help your family avoid scams and other fraud. Provided by Howard Erman We are becoming more familiar with the notion of financial abuse targeting elders - scams and other...

 

Wednesday, August 17, 2016

Think About Your Lifestyle Before You Retire Sometimes planning for retirement isn't entirely about money. Provided by Howard Erman How many words have been written about retirement? It's a preoccupation for many, and we devote so...

 

Wednesday, August 10, 2016

Updating Your Estate Plan When should you review it? What should you review? Provided by Howard Erman An estate plan has three objectives. The first goal is to preserve your accumulated wealth. The second goal is to express who will...

 

Wednesday, August 3, 2016

Do Our Biases Inhibit Our Retirement Savings Efforts? They may affect our attempts to build wealth. Provided by Howard Erman Picture an 18-wheeler, its 4,000-cubic-foot cargo trailer filled to capacity with stacks of $100 bills. The...

 

Wednesday, July 27, 2016

Why Are We Saving More and Spending Less? Have our memories of the Great Recession altered our habits? Provided by Howard Erman Consumer spending accounts for more than two-thirds of economic activity in the United States. Lately,...

 

Wednesday, July 20, 2016

How Millennials Can Get Off to a Good Financial Start Doing the right things at the right time may leave you wealthier later. Provided by Howard Erman What can you do to start building wealth before age 35? You know time is your...

 

Wednesday, July 13, 2016

Do Women Face Greater Retirement Challenges Than Men? If so, how can they plan to meet those challenges? Provided by Howard Erman A new study has raised eyebrows about the retirement prospects of women. It comes from the National...

 

Wednesday, July 6, 2016

Getting Your Financial Paperwork in Good Order Help make things easier for your loved ones when you leave this world. Provided by Howard Erman Who wants to leave this world with their financial affairs in good order? We all do, right?...

 

Wednesday, June 29, 2016

Why the Brexit Should Not Rattle Investors Wall Street has rebounded so many times, so quickly. Provided by Howard Erman Uncertainty is the hobgoblin of financial markets. Right now, investors are contending with it daily as the...

 

Wednesday, June 22, 2016

What Are You Getting for the Fees You Are Paying? As you invest, are you receiving the service and resources you deserve? Provided by Howard Erman How much do you pay for wealth management? About $1,000 a month? More than that? If...

 

Wednesday, June 15, 2016

ABLE Accounts for Loved Ones with Disabilities Families should know about these new tax-advantaged savings vehicles. Provided by Howard Erman Families with special needs children have a new tax-advantaged savings option. The ABLE...

 

Wednesday, June 8, 2016

Financial Planning with Health Insurance in Mind How much might health care cost you someday? Provided by Howard Erman "Financially speaking, what would be the worst thing that could happen to you?" If you ask a hundred people in...

 

Wednesday, June 1, 2016

How Millennials Can Get a Good Start on Retirement Planning Some simple steps may make a major financial difference over time. Provided by Howard Erman If you are younger than 35, saving for retirement may not feel like a priority....

 

Wednesday, May 25, 2016

Volatility Is Not Risk The two should not be confused. Provided by Howard Erman What is risk? To the conservative investor, risk is a negative. To the opportunistic investor, risk is a factor to tolerate and accept. Whatever the...

 

Wednesday, May 18, 2016

Should You Downsize for Retirement? Some retirees save a great deal of money by doing so; others do not. Provided by Howard Erman You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but...

 

Wednesday, May 11, 2016

You Retire, But Your Spouse Still Works That development may mean lifestyle as well as financial adjustments. Provided by Howard Erman Your significant other may retire later than you do. Sometimes that reality reflects an age...

 

Wednesday, May 4, 2016

Tell Your Beneficiaries About Your Accounts and Policies Let them know how they will receive retirement assets and insurance benefits. Provided by Howard Erman Will your heirs receive a fair share of your wealth? Will your invested...

 

Wednesday, April 27, 2016

The IRS Changes to 529 Plans Learn about the two new tax perks for these college savings vehicles. Provided by Howard Erman Do you have a 529 plan account? Then you will want to know about a pair of federal tax law changes which may...

 

Wednesday, April 20, 2016

Making Investment Decisions Are your choices based on evidence or emotion? Provided by Howard Erman Information vs. instinct. When it comes to investing, many people believe they have a "knack" for choosing good investments. But what...

 

Wednesday, April 13, 2016

Could Social Security Really Go Away? Just how gloomy does its future look? Provided by Howard Erman Will Social Security run out of money in the 2030s? For years, Americans have been warned about that possibility. Those warnings,...

 

Wednesday, April 6, 2016

Why Aren't You Maxing Out Your 401(k)? It may be the best retirement planning tool you have. Provided by Howard Erman Do you have a million dollars? At the moment, probably not. But if you invest and save diligently and let your...

 

Wednesday, March 30, 2016

Retirement Now vs. Retirement Then Today's retirees must be more self-reliant than their predecessors. Provided by Howard Erman Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income...

 

Wednesday, March 23, 2016

Reducing the Risk of Outliving Your Money What steps might help you sustain and grow your retirement savings? Provided by Howard Erman "What is your greatest retirement fear?" If you ask retirees that question, "outliving my money"...

 

Wednesday, March 16, 2016

Will You Avoid These Estate Planning Mistakes? Too many wealthy households commit these common blunders. Provided by Howard Erman Many people plan their estates diligently, with input from legal, tax, and financial professionals....

 

Wednesday, March 9, 2016

The Lottery Is No Retirement Plan Pay yourself first instead, with your future in mind. Provided by Howard Erman Powerball fever swept across America last week, with a record jackpot of $1.5 billion eventually being split by three...

 

Wednesday, March 2, 2016

Will You Avoid These Estate Planning Mistakes? Too many wealthy households commit these common blunders. Provided by Howard Erman Many people plan their estates diligently, with input from legal, tax, and financial professionals....

 

Wednesday, February 24, 2016

The Chapters of Retirement The five phases of life after 50 & the considerations that accompany them. Provided by Howard Erman The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter...

 

Thursday, February 18, 2016

Did You Hear What Just Happened With Social Security? Congress just eliminated two popular strategies used to get greater retirement benefits. Provided by Howard Erman If you want to claim Social Security benefits soon, keep a date &...

 

Wednesday, February 10, 2016

How Could a Fed Rate Hike Affect Retirees? As the central bank starts tightening, some positives & negatives may emerge. Provided by Howard Erman Economists widely expect the Federal Reserve to raise interest rates this month....

 

Wednesday, February 3, 2016

Congress Gives Some "Holiday Gifts" to Taxpayers Some key federal tax breaks are made permanent... at last. Provided by Howard Erman During the past few Decembers, taxpayers and tax preparers have waited anxiously for Congress to...

 

Wednesday, January 27, 2016

Smart Financial Moves in Your 20s, 30s, 40s & 50s What might you think of doing when? Provided by Howard Erman If you had a timeline of the financial steps you should probably take in life, what would it look like? Answers to that...

 

Wednesday, January 20, 2016

Why You Should Stay in Stocks in 2016 One bad trading day is not the year. Provided by Howard Erman The stock market has wavered recently. A lackluster year just ended, and this year has started inauspiciously. You may be wondering .....

 

Tuesday, January 19, 2016

China's Stock Market Turmoil Can U.S. shares hold up in the wake of January's shocks? Provided by Howard Erman On January 7, China halted stock trading for the second time in four days. The benchmark Shanghai Composite sank 7.0% on...

 

Wednesday, January 13, 2016

Making and Keeping Financial Resolutions What you might do (or do differently) in the months ahead? Provided by Howard Erman How will your money habits change in 2016? What decisions or behaviors might help your personal finances,...

 

Wednesday, January 6, 2016

The Pros & Cons of Roth IRA Conversions What are the potential benefits? What are the drawbacks? Provided by Howard Erman If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense...

 

Tuesday, December 29, 2015

A look back at 2015 thus far Presented by Howard Erman The year in brief. While the S&P 500 surprised to the upside in 2014 versus the projections of many analysts, it has performed below expectations so far in 2015. As this year...

 

Tuesday, December 22, 2015

What Investors Can Be Thankful About Accentuating the positive during a challenging year for Wall Street. Provided by Howard Erman 2015 has presented the world & the markets with considerable challenges. Terrorist shocks, the...

 

Wednesday, December 16, 2015

Did You Hear What Just Happened With Social Security? Congress just eliminated two popular strategies used to get greater retirement benefits. Provided by Howard Erman If you want to claim Social Security benefits soon, keep a date &...

 

Wednesday, December 9, 2015

Planning for Retirement When You Are Single If you aren't married, you should consider these potential expenses & needs. Provided by Howard Erman How does retirement planning differ for single people? At a glance, there would seem to...

 

Wednesday, December 2, 2015

An Inherited IRA Here are some things to consider when you receive IRA assets. Provided by Howard Erman Be sure you understand your options. When the owner of an IRA passes away, his or her heirs must be aware of the rules and...

 

Tuesday, November 24, 2015

Retirement Blindspots Some life & financial factors that can be overlooked. Provided by Howard Erman We all have a "blue sky" vision of the way retirement should be, yet it helps to plan for retirement with a little pragmatism. Fate...

 

Wednesday, November 18, 2015

Your Year-End Financial Checklist Seven aspects of your financial life to review as the year draws to a close. Provided by Howard Erman The end of a year makes us think about last-minute things we need to address and good habits we...

 

Wednesday, November 11, 2015

Protecting Your Elderly Parents from Falls Part of a series on how to care for your aging parents. Provided by Howard Erman As Consumer Reports notes, half of Americans older than 65 will fall this year. Those over 80 are most at risk...

 

Wednesday, November 4, 2015

Dealing With Sudden Retirement How ready are you? Provided by Howard Erman What if you are laid off or forced into retirement before 65, or even before 60? If that happens to you, what do you do in response now that the next phase of...

 

Wednesday, October 28, 2015

Estate Planning After a Second Marriage Special considerations for a complex situation. Provided by Howard Erman Marrying again makes estate planning more involved. How do you provide for everyone you love? Should you provide for...

 

Wednesday, October 21, 2015

Life Insurance with Long Term Care Riders As conventional LTC policies grow costlier, alternatives have emerged. Provided by Howard Erman The price of long term care insurance is really going up. If you are a baby boomer and you have...

 

Wednesday, October 14, 2015

Why DIY Investment Management Is Such a Risk Paying attention to the wrong things becomes all too easy. Provided by Howard Erman If you ever have the inkling to manage your investments on your own, that inkling is worth reconsidering....

 

Wednesday, October 7, 2015

Behind on Your Retirement Savings? What steps could you take to catch up? Provided by Howard Erman If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are...

 

Wednesday, September 30, 2015

Taking a Loan from Your Retirement Plan = Bad Idea Why you should refrain from making this move. Provided by Howard Erman Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that, because these...

 

Wednesday, September 23, 2015

Mid-Life Money Errors If you are between 40 & 60, beware of these financial blunders & assumptions. Provided by Howard Erman Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At...

 

Wednesday, September 16, 2015

Is America Prepared to Retire? Two-thirds of us have no financial plan. Provided by Howard Erman Only 48% of Americans say they think they are saving enough. And 30% feel that they are not even slightly confident that they are saving...

 

Wednesday, September 9, 2015

Teaching Your Heirs to Value Your Wealth Values can help determine goals & a clear purpose. Provided by Howard Erman Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid what their heirs...

 

Wednesday, September 2, 2015

Grandparents Raising Grandchildren How can they cope with the financial demands? Provided by Howard Erman When many people hear the word "parents," they picture a couple in their forties... not a couple in their seventies. The reality...

 

Tuesday, August 25, 2015

In the last week, we've seen quite unusual negative volatility in the stock markets. The S&P 500 stock index has declined 12% since May 21st (mostly since August 17th). Although the speed of the decline has certainly taken all of us...

 

Wednesday, August 19, 2015

How Might Higher Inflation Affect Your Investments? With the Fed poised to gradually raise rates, this is worth considering. Provided by Howard Erman America once experienced something called "moderate inflation." It may seem like a...

 

Wednesday, August 12, 2015

Is Your Company's 401(k) Plan as Good as It Could Be? In light of a recent SCOTUS ruling, this is a good time to double-check. Provided by Howard Erman How often do plan sponsors check up on 401(k)s? Not as often as they should,...

 

Wednesday, August 5, 2015

You Could Retire...But Should You? It might be better to wait a bit longer. Provided by Howard Erman Some people retire at first opportunity, only to wish they had waited longer. Thanks to Wall Street's long bull run, many...

 

Wednesday, July 29, 2015

The New Gradual Retirement Working a little (or a lot) after 60 may become the norm. Provided by Howard Erman Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for...

 

Wednesday, July 22, 2015

Financial Fraudsters Preying on Boomers & Elders If something sounds too good to be true, guess what: it probably is. Provided by Howard Erman If you are in or near retirement, it is a safe bet that you would like more yield from your...

 

Wednesday, July 15, 2015

Are You Underprepared for Retirement? A university study serves as a wake-up call. Provided by Howard Erman Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about...

 

Wednesday, July 8, 2015

The Strong Dollar: Good or Bad? What is dollar strength & who invests in it? Provided by Howard Erman You may have heard that the dollar is "strong" right now. You may have also heard that a strong dollar amounts to a headwind against...

 

Wednesday, July 1, 2015

Rehearsing for Retirement Try living as a "retiree" for a month or two before you commit to leaving your career. Provided by Howard Erman Imagine if you could preview your retirement in advance. In a sense, you can. Financially and...

 

Wednesday, June 24, 2015

Why You Should Look for a Registered Investment Advisor Standards matter, especially in wealth management. Provided by Howard Erman Who should manage significant wealth? In recent years, more and more high net worth households have...

 

Wednesday, June 17, 2015

Saving Your Elderly Parents from Financial Fraud Talk to them about their money (and those who could take it away). Provided by Howard Erman Elders are financially defrauded daily in this country. Just a tiny percentage of these...

 

Wednesday, June 10, 2015

Why Does Family Wealth Fade Away? A lack of vision is often the answer to that question. Provided by Howard Erman Many are the stories of family wealth lost. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the...

 

Wednesday, June 3, 2015

Major Risks to Family Wealth Will your accumulated assets be threatened by them? Provided by Howard Erman All too often, family wealth fails to last. One generation builds a business - or even a fortune - and it is lost in ensuing...

 

Wednesday, May 27, 2015

The U.S. Savings Bond Tax Trap Open that safe deposit box. See if your bond has matured. Provided by Howard Erman Did you buy U.S. Savings Bonds decades ago? Or did your parents or grandparents purchase some for you? If so, take a...

 

Wednesday, May 20, 2015

Are You Underprepared for Retirement? A university study serves as a wake-up call. Provided by Howard Erman Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about...

 

Wednesday, May 6, 2015

The Value of Double-Checking Your Retirement Strategy As you approach your "third act," does it need to be adjusted? Provided by Howard Erman Motivational speaker Denis Waitley once remarked, "You must stick to your conviction, but be...

 

Wednesday, April 29, 2015

Are Your Children Financially Literate? New Approaches to a Changing Problem. Provided by Howard Erman How bad is financial illiteracy today? So bad that your children may be at risk of making some serious financial mistakes. Some are...

 

Wednesday, April 22, 2015

Will Baby Boomers Ever Truly Retire? Many may keep working out of interest rather than need. Provided by Howard Erman Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew...

 

Wednesday, April 15, 2015

The Strong Dollar: Good or Bad? What is dollar strength & who invests in it? Provided by Howard Erman You may have heard that the dollar is "strong" right now. You may have also heard that a strong dollar amounts to a headwind against...

 

Monday, April 13, 2015

Understanding the Gift Tax Most of us will never face taxes related to money or assets we give away. Provided by Howard Erman "How can I avoid the federal gift tax?" If this question is on your mind, you aren't alone. The good news is...

 

Wednesday, April 8, 2015

Reining in Your Debt Americans are spending freely again. That has a downside. Provided by Howard Erman As the Great Recession faded, American household debt gradually decreased. In fact, it declined by $1 trillion between mid-2008...

 

Wednesday, April 1, 2015

The Psychology of Saving How many households have the right outlook to build wealth? Provided by Howard Erman Why do some households save more than others? Building household savings may depend not only on cash flow, but also on...

 

Wednesday, March 25, 2015

Social Security Survivor Benefits How do you claim them? How much can you receive? Provided by Howard Erman About 5 million widowed Americans get Social Security survivor benefits. If your spouse has passed, you may be eligible to...

 

Tuesday, March 17, 2015

2015 IRA Deadlines Are Approaching Here is what you need to know. Provided by Howard Erman Financially, many of us associate April with taxes - but we should also associate April with important IRA deadlines. * April 1 is the absolute...

 

Tuesday, March 10, 2015

Common Deductions Taxpayers Overlook Make sure you give them a look as you prepare your 1040. Provided by Howard Erman Every year, taxpayers leave money on the table. They don't mean to, but as a result of oversight, they miss some...

 

Tuesday, March 3, 2015

2015: A Time for Patience Don't let the market's jumps rattle your commitment to staying invested. Provided by Howard Erman What the market does today, it may not do tomorrow. That may seem elementary, but there are days, weeks,...

 

Tuesday, February 24, 2015

Avoiding Family Squabbles Over Your Estate What steps may help assets transfer without a fight? Provided by Howard Erman Should you rely on "will power" to bequeath assets? The more complex your estate, the more ill-advised that...

 

Tuesday, February 17, 2015

How Women Are Planning Their Financial Futures From assorted survey data, an interesting snapshot emerges. Provided by Howard Erman Women are taking action to approach retirement with greater confidence. Some recent, intriguing survey...

 

Tuesday, February 10, 2015

The Latest on Social Security Recipients get a raise in 2015. Ideas for reform are numerous. Provided by Howard Erman Social Security benefits are increasing 1.7% in 2015. This marks the fourth straight yearly cost-of-living...

 

Tuesday, February 3, 2015

Changes in the Retirement Benefits Landscape A rundown of the big & little alterations coming next year. Provided by Howard Erman 2015 will bring COLAs, changes & something new. Each year, the retirement benefits landscape looks a...

 

Tuesday, January 27, 2015

The Market Is Up & I Am Not ... Why? Remember that the major indices don't represent the entirety of Wall Street. Provided by Howard Erman The S&P 500 is up about 10% YTD, why aren't I? If your investments are lagging the broad...

 

Wednesday, December 31, 2014

Four Words You Shouldn't Believe These are the words that make investors irrational. Provided by Howard Erman "This time is different." Beware those four little words. They are perhaps the most dangerous words an investor can believe...

 

Thursday, December 25, 2014

New IRS Ruling on Rollovers of After-Tax Amounts Notice 2014-54 clears up ambiguity & opens the door to tax-free Roth conversions. Provided by Howard Erman Do you contribute to a qualified retirement plan at work, such as a 401(k),...

 

Wednesday, December 17, 2014

Fall Financial Reminders The year is coming to a close. Have you thought about these financial ideas yet? Provided by Howard Erman As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are...

 

Thursday, December 4, 2014

Getting Financially Fit for Retirement at 50 Things for trailing-edge boomers & Gen Xers to consider. Provided by Howard Erman When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday...

 

Wednesday, November 26, 2014

Accentuating the Positive Retiring? Saving for retirement? Here's some good news. Provided by Howard Erman Are 90% of articles written about retirement pessimistic? Sometimes it seems that way. Repeatedly, we are reminded that most...

 

Wednesday, November 19, 2014

Should You Apply For Social Security Now...or Later? When should you apply for benefits? Consider a few factors first. Provided by Howard Erman Now or later? When it comes to the question of Social Security income, the choice looms...

 

Wednesday, November 12, 2014

Life Insurance at an Early Age Here's why it can be a good idea. Provided by Howard Erman You may have read that you don't need to buy life insurance early in life. That's not necessarily true. In fact, getting a policy before midlife...

 

Wednesday, November 5, 2014

That First RMD from Your IRA What you need to know. Provided by Howard Erman When you reach age 70½, the IRS instructs you to start making withdrawals from your Traditional IRA(s). These IRA withdrawals are also called Required...

 

Thursday, October 30, 2014

Minimizing Probate When Setting Up Your Estate What can you do to lessen its impact for your heirs? Provided by Howard Erman Probate subtly reduces the value of many estates. It can take more than a year in some cases, and attorney's...

 

Wednesday, October 22, 2014

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Provided by Howard Erman Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare - what they cover, and...

 

Wednesday, October 15, 2014

Examining the Retirement Account Shortfall Why aren't we saving as much as we should? Provided by Howard Erman We know that qualified retirement plans and IRAs are prime long-range savings vehicles; we use them to accumulate assets...

 

Wednesday, October 8, 2014

Understanding Your Risk Tolerance Do you recognize the major factors that may affect it? Provided by Howard Erman How's your ability to withstand short-term losses? This is the question at the core of any discussion of risk tolerance....

 

Wednesday, October 8, 2014

Understanding Your Risk Tolerance Do you recognize the major factors that may affect it? Provided by Howard Erman How's your ability to withstand short-term losses? This is the question at the core of any discussion of risk tolerance....

 

Tuesday, September 30, 2014

Money & Taxes After Marriage Some not-so-small matters to think about. Provided by Howard Erman When you tie the knot, your financial lives will change. Marriage is one of those life events that can really affect your money and tax...

 

Wednesday, September 24, 2014

Taking Taxes Into Account When Saving & Investing It isn't always top of mind, but it should be. Provided by Howard Erman How many of us save and invest with an eye on tax implications? Not that many of us, according to a recent...

 

Wednesday, September 17, 2014

Adjusting to Retirement What people don't always realize about life after work. Provided by Howard Erman If you have saved and invested consistently for retirement, you may find yourself ready to leave work on your terms - with...

 

Wednesday, September 10, 2014

Debunking a Few Popular Retirement Myths Certain misconceptions ignore the realities of retirement. Provided by Howard Erman Generalizations about money & retirement linger. Some have been around for decades, and some new...

 

Thursday, August 28, 2014

Couples Retiring on the Same Page Agreeing about what you want from retirement is crucial. Provided by Howard Erman What does a good retirement look like to you? Does it resemble the retirement that your spouse or partner has in mind?...

 

Thursday, August 28, 2014

Couples Retiring on the Same Page Agreeing about what you want from retirement is crucial. Provided by Howard Erman What does a good retirement look like to you? Does it resemble the retirement that your spouse or partner has in mind?...

 

Tuesday, August 12, 2014

How Can LTC Insurance Help You Protect Your Assets? Plan to create a pool of healthcare dollars that will grow in any market. Provided by Howard Erman How will you pay for long term care? The sad fact is that most people don't know...

 

Tuesday, August 5, 2014

Should You Change Jobs or Stay the Course? Does sticking with the same firm actually hurt your financial potential? Provided by Howard Erman If you spend two years or less at a series of jobs, is that a problem? Shouldn't your resume...

 

Tuesday, July 29, 2014

WEEKLY ECONOMIC UPDATE WEEKLY QUOTE "Only passions, great passions, can elevate the soul to great things." - Denis Diderot WEEKLY TIP Investing assets in largely unrelated sectors or industries is integral to portfolio diversification...

 

Tuesday, July 29, 2014

Classic Investing Mistakes How many can you prevent yourself from making? Provided by Howard Erman Year after year, in bull and bear markets, investors make some all-too-common blunders. They have been written about, talked about, and...

 

Tuesday, July 22, 2014

Do Your Investments Match Your Risk Tolerance? When was the last time you looked at the content of your portfolio? Provided by Howard Erman When turbulence hits Wall Street, are you stressed out? If you have taken on too much risk in...

 

Tuesday, July 22, 2014

The Retirement Mindgame Your outlook may influence your financial outcome. Provided by Howard Erman What kind of retirement do you think you'll have? An outstanding one? A depressing one? What if it all starts with your outlook?...

 

Tuesday, July 15, 2014

Bad Spending Habits That Can Be Corrected A little frugality may lead to a lot of financial progress. Provided by Howard Erman Americans have a great deal of disposable income relative to many other nations, yet our free spending can...

 

Tuesday, July 8, 2014

Alternative Approaches to Retirement Planning Is the conventional wisdom for everyone? Provided by Howard Erman Questioning traditional assumptions about retirement planning can be illuminating. Some retirement planners and economists...

 

Wednesday, July 2, 2014

Coping With College Loans Paying them down, managing their financial impact. Provided by Howard Erman Are student loans holding our economy back? Certainly America has recovered from the last recession, but this is an interesting...

 

Tuesday, June 24, 2014

During the June Gloom of Investing, Listen to Southern Californians In Southern California, the weather is beautiful most of the year. However, there is the annual June Gloom weather pattern that results in cloudy, overcast skies with...

 

Tuesday, June 17, 2014

The Economy Heads for Normal A look at the fundamentals affirms the hunch. Provided by Howard Erman The stock market may be up and down this year, but America's economic recovery seems to be proceeding at a decent pace. Anyone who...

 

Tuesday, June 10, 2014

Rising Interest Rates How might they affect investments, housing & retirees? Provided by Howard Erman How will Wall Street fare if interest rates climb back to historic norms? Rising interest rates could certainly impact investments,...

 

Tuesday, June 3, 2014

6 Steps to Get Out of Debt Why not plan to lighten your financial burden? provided by Howard Erman Positive moves to counteract negative cash flow. The financial analysis website nerdwallet.com keeps track of the various debts common...

 

Wednesday, May 21, 2014

IRS Announces New IRA Rollover Limitation A tax court ruling raises eyebrows & leads to a decision that may affect you. Provided by Howard Erman What was once allowed is now prohibited. In 2008, an affluent New York City couple made a...

 

Tuesday, May 13, 2014

The Retirement We Imagine, the Retirement We Live Examining the potential differences between assumption & reality. Provided by Howard Erman Financially, how might retirement differ from your expectations? To some degree, it will....

 

Tuesday, May 6, 2014

Women, Longevity Risk & Retirement Saving Statistics point out the need to save early, save consistently & stay invested. Provided by Howard Erman Will you live to be 100? If you're a woman, your odds of becoming a centenarian are...

 

Tuesday, April 29, 2014

Why Do We Save So Little? What's good for the economy isn't necessarily good for our future. Provided by Howard Erman Our parents & grandparents saved much more than we do. Most people who have read up on the economy for any length of...

 

Tuesday, April 22, 2014

Apply For Social Security Now ... or Later? When should you apply for benefits? Consider a few factors first. Provided by Howard Erman Now or later? When it comes to the question of Social Security income, the choice looms large....

 

Tuesday, April 15, 2014

How and When to Sign Up for Medicare Breaking down the enrollment periods and eligibility. provided by Howard Erman Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the...

 

Tuesday, April 8, 2014

Wise Decisions with Retirement in Mind Certain financial & lifestyle choices may lead you toward a better future. Provided by Howard Erman Some retirees succeed at realizing the life they want, others don't. Fate aside, it isn't...

 

Wednesday, April 2, 2014

Guarding Against Identity Theft Take steps so criminals won't take vital information from you. Provided by Howard Erman America is enduring a data breach epidemic. As 2013 ended, the federal Bureau of Justice Statistics released its...

 

Tuesday, March 25, 2014

The MyRA, the USARF & Cash Balance Plans New & old concepts to address the retirement savings gap. Provided by Howard Erman How many 401(k)s have more than $100k in them? According to the Employee Benefit Research Institute (EBRI),...

 

Tuesday, March 11, 2014

Asset Location & Timing to Reduce Taxes in Retirement Read this if you want to preserve more of your nest egg & lower your tax bill. Provided by Howard Erman Location, location, location ... It matters when it comes to real estate,...

 

Tuesday, March 4, 2014

Retire at 65 ... Or Not? Your assets matter more than your age. Provided by Howard Erman Isn't 65 the traditional retirement age? Perhaps, but baby boomers are modifying the definition of a traditional retirement (if not redefining it...

 

Tuesday, February 25, 2014

Making Your Money Work Harder for Retirement Little things you could do that could help you leave work a little sooner. Provided by Howard Erman Little things matter. When planning for retirement, people naturally think about the big...

 

Tuesday, February 18, 2014

Why Does Family Wealth Fade Away? A lack of vision is often the answer to that question. Provided by Howard Erman Many are the stories of family wealth lost. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the...

 

Tuesday, February 11, 2014

2014 IRA Deadlines Are Approaching Here is what you need to know for 2014. Provided by Howard Erman Financially, many of us associate April with taxes - but we should also associate April with important IRA deadlines. *April 1 is the...

 

Tuesday, February 4, 2014

Organizing Your Paperwork for Tax Season If you haven't done it, now's the time. Provided by Howard Erman How prepared are you to prepare your 1040? The earlier you compile and organize the relevant paperwork, the easier things may be...

 

Wednesday, January 29, 2014

Your Financial Co-Pilot If anything happens to you, your family has someone to consult. Provided by Howard Erman If you weren't around, what would happen to your investments? In many families, one person handles investment decisions,...

 

Wednesday, January 22, 2014

Why 2014 May Be a Very Good Year More improvement may be in store for the economy & the stock market. Provided by Howard Erman Will the economy & the bull market make further strides next year? On both Wall Street and Main Street,...

 

Wednesday, January 15, 2014

Looking Back at 2013 How good a year was it for the economy? Statistics tell the tale. Provided by Howard Erman Was 2013 a terrific year for stocks? Absolutely. The good news wasn't limited to Wall Street, however: the employment rate...

 

Monday, January 6, 2014

Getting It All Together for Retirement Where is everything? Time to organize and centralize your documents. Provided by Howard Erman Before retirement begins, gather what you need. Put as much documentation as you can in one place,...

 

Monday, December 30, 2013

Temporary Tax Provisions Set to Expire in 2014 Some may be renewed, others may not be. Provided by Howard Erman At the end of every year, certain federal tax breaks face a sunset. Some are renewed, some expire. As 2014 will soon start...

 

Monday, December 23, 2013

It Isn't Too Late to Save for Retirement If you're 40 or 50 and haven't begun, you must make the effort. Provided by Howard Erman Some people start saving for retirement at 20, 25, or 30. Others start later, and while their...

 

Tuesday, December 17, 2013

End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2013. Provided by Howard Erman What has changed for you in 2013? Did you start a new job - or leave a job behind? Did you retire? Did you...

 

Wednesday, December 11, 2013

A Market to Be Thankful For Could 2013 end up being the best year for stocks since 1995? Provided by Howard Erman In financial terms, 2013 has been a very nice year - a year in which the economy, the housing and business sectors and...

 

Wednesday, December 4, 2013

Should You Retire Now, Or Later? Financially, there are reasons why you may want to work a bit longer. Provided by Howard Erman The case for working past 65. Increasingly, baby boomers are urged to work until full retirement age or...

 

Monday, November 25, 2013

Women & Money Paralysis Not making a move may not be the best move to make. Provided by Howard Erman A decision not made may have financial consequences. There is an old belief that women are more cautious about money than men, and...

 

Thursday, November 21, 2013

IRS Retirement Plan Adjustments for 2014 Rules changes for IRAs, 401(k)s & other savings vehicles. Provided by Howard Erman The IRS has made minor adjustments to retirement plan limitations for 2014. As inflation has been tame in 2013...

 

Thursday, November 14, 2013

Social Security in 2014 Next year's small COLA isn't the only adjustment related to the program. Provided by Howard Erman Here are six things you need to know about Social Security for 2014. For clarity's sake, here is a rundown of...

 

Wednesday, November 6, 2013

MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "Do you want to be safe and good, or do you want to take a chance and be great?" - Jimmy Johnson MONTHLY TIP Set aside a half-hour a week to read up on a personal finance topic. You may learn...

 

Monday, November 4, 2013

Get the full story on retirement health care costs For many people, health care costs will likely be one of their biggest retirement expenses. In fact, the average 65-year-old couple can expect to pay up to $240,000 in health care...

 

Monday, October 28, 2013

End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2013. Provided by Howard Erman What has changed for you in 2013? Did you start a new job - or leave a job behind? Did you retire? Did you...

 

Thursday, October 24, 2013

What's Next in the Debt Ceiling Debate? Implications for the short term & the long term. Provided by Howard Erman In January, will the federal government be shuttered again? At first thought, it seems inconceivable that Congress would...

 

Wednesday, October 16, 2013

Entering the Yellen Years A look at the economist newly nominated to lead the Federal Reserve. Provided by Howard Erman Janet Yellen - currently the vice chair of the Board of Governors of the Federal Reserve - has been nominated to...

 

Wednesday, October 9, 2013

Your Annual Financial To-Do List Things you can do before & for 2014. Provided by Howard Erman What financial, business or life priorities do you need to address for 2014? Now is a good time to think about the investing, saving or...

 

Thursday, October 3, 2013

The Government Shutdown Basic information and frequently asked questions. Provided by Howard Erman As you have no doubt heard, the United States government shut down at midnight (Eastern) October 1, 2013. There are many questions and...

 

Thursday, September 26, 2013

Are You Uninsured & Putting Your Loved Ones At Risk? September Is Life Insurance Awareness Month. Provided by Howard Erman About 40% of Americans have no life insurance. LIMRA, an insurance industry group analyzing insurance trends in...

 

Friday, September 20, 2013

Could Pension Reform Rile Investment Funds? If implemented, privatization may have significant side effects. Provided by Howard Erman On Capitol Hill and elsewhere, voices are calling for a major shift in public pension plan...

 

Friday, September 13, 2013

WEEKLY ECONOMIC UPDATE WEEKLY QUOTE "A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes." - Hugh Downs WEEKLY TIP Beware of assuming long-range economic burdens with...

 

Thursday, September 12, 2013

THE 2 BIGGEST RETIREMENT MISCONCEPTIONS While the idea of retirement has changed, certain financial assumptions haven't. Provided by Howard Erman We've all heard about the "new retirement", the mix of work and play that many of us...

 

Wednesday, September 4, 2013

Where Did Inflation Go? Shouldn't it be rising with all this bond buying? Provided by Howard Erman Consumer inflation just hit a 50-year low. So indicates the Federal Reserve's preferred inflation gauge - the Personal Consumption...

 

Wednesday, August 28, 2013

How Impatience Hurts Retirement Saving Keep calm & carry on - it may be good for your portfolio. Provided by Howard Erman Why do so many retirement savers underperform the market? From 1993-2012, the S&P 500 achieved a (compound)...

 

Wednesday, August 21, 2013

Get the full story on retirement health care costs For many people, health care costs will likely be one of their biggest retirement expenses. In fact, the average 65-year-old couple can expect to pay up to $240,000 in health care...

 

Wednesday, August 14, 2013

MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "What makes something special is not just what you have to gain, but what you feel there is to lose." - Andre Agassi MONTHLY TIP Why should you pay to use money? That is what using a credit card...

 

Wednesday, August 7, 2013

Wills and Living Trusts Many myths surround these popular estate planning tools. Provided by Howard Erman Living trusts are created with a clearly defined objective: to avoid probate. Misconceptions about living trusts have spread to...

 

Wednesday, July 31, 2013

How Do You Know When You Have Enough to Retire? There is no simple answer, but consider some factors. Provided by Howard Erman You save for retirement with the expectation that at some point, you will have enough savings to walk...

 

Thursday, July 25, 2013

Understanding the Markets What the acronyms signify & what affects investors. Provided by Howard Erman Dow. NASDAQ. S&P 500. Fear index. NYSE. Commodity prices. Earnings. Economic indicators. These are the gauges and signposts of...

 

Wednesday, July 10, 2013

Howard Erman Presents: MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "The beautiful thing about learning is that no one can take it away from you." - B.B. King MONTHLY TIP Statistically, women are poised to outlive men. If a woman has a male...

 

Tuesday, June 25, 2013

Putting Too Much in Company Stock A classic mistake that can come back to haunt you. Provided by Howard Erman 6/25/2013 Have you invested too much of your 401(k) in company stock? This can happen – and you may not be fully aware...

 

Thursday, June 20, 2013

Stay Focused on Long Term Success, Not This Short Term Volatility When we go through a period of volatility in the stock market, this raises anxiety for our investment portfolios and our future. It's not volatility per se that affects...

 

Tuesday, June 18, 2013

Reassessing Retirement Assumptions What makes financial sense for some baby boomers may not make sense for you. Provided by Howard Erman 6/18/2013 There is no "typical" retirement. Many baby boomers want one and believe that they will...

 

Wednesday, June 12, 2013

Howard Erman Presents: MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "A good head and a good heart are always a formidable combination." – Nelson Mandela MONTHLY TIP If you are between 40 and 60 and need to build greater retirement...

 

Thursday, June 6, 2013

Understanding the Gift Tax Exclusion Most of us will never face taxes related to money or assets we give away. Provided by Howard Erman 6/6/2013 "How can I avoid the federal gift tax?" If this question is on your mind, you aren't...

 

Wednesday, May 29, 2013

Setting Up Your Estate to Minimize Probate What can you do to lessen its impact for your heirs? Provided by Howard Erman 5/29/2013 Probate subtly reduces the value of many estates. It can take more than a year in some cases, and...

 

Tuesday, May 28, 2013

When a Family Member Dies A financial checklist for the most difficult of times. Provided by Howard Erman 5/28/2013 The passing of a loved one irrevocably alters family life. After a death, there is so much to attend to that...

 

Thursday, May 16, 2013

Living Trusts: Fact vs. Fiction Many myths surround these popular estate planning tools. Provided by Howard Erman 5/16/2013 Living trusts are created with a clearly defined objective: to avoid probate. Misconceptions about living...

 

Thursday, May 9, 2013

5/9/2013 Howard Erman Presents: MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "Always do right; this will gratify some and astonish the rest." – Mark Twain MONTHLY TIP Cancel monthly charges for services or products you really don't use...

 

Thursday, May 2, 2013

How LTC Insurance Can Help Protect Your Assets Create a pool of healthcare dollars that will grow in any market. Provided by Howard Erman 5/2/2013 How will you pay for long term care? The sad fact is that most people don't know the...

 

Wednesday, April 24, 2013

What Beneficiaries Need To Know What do you do when an account owner passes away? Presented by Howard Erman 4/24/2013 If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to...

 

Wednesday, April 17, 2013

The Discussion Families Can’t Afford Postponing – Challenges of Dealing with Elder Care and Long-term Care Issues Shawn Britt, CLU, Director, Advanced Consulting Group Elder care planning is essentially a comprehensive strategy that...

 

Wednesday, April 10, 2013

Howard Erman Presents: MONTHLY ECONOMIC UPDATE MONTHLY QUOTE "Love yourself, accept yourself, forgive yourself, and be good to yourself, because without you the rest of us are without a source of many wonderful things." – Leo...

 

Tuesday, April 2, 2013

Putting Your Tax Refund to Work Where could that money go besides a bank account? Provided by Howard Erman 4/2/2013 Should your refund be saved? According to a TD Ameritrade poll, 47% of U.S. taxpayers expect a refund this year. What...

 

Wednesday, March 27, 2013

Avoiding Social Security 'rat holes' When should you claim Social Security? If you are single, new research can help steer you towards the best times to begin getting benefits – and away from some financially punitive "rat holes." By...

 

Wednesday, March 20, 2013

From Power Tools to Carpets, Housing Recovery Signs Mount By Kate Linebaugh and James R. Hagerty The U.S. housing recovery is starting to show up in corporate results. Companies that sell power tools, air conditioners, carpet fibers,...

 

Wednesday, March 13, 2013

How (and when) to Snag Cheap Fare When is the best time to get the best value on airfare? It's the most-asked question travelers pose, and as spring break approaches, it helps to know that a recent study puts the average answer for a...

 

Thursday, March 7, 2013

Monthly Economic Update: March 2013 Developments that affected the economy & the markets in February. As February ended, a central question seemed to preoccupy Wall Street: "When will the Dow hit a new record high?" Nothing seemed to...

 

Wednesday, February 27, 2013

Should You Make a Child Your IRA Beneficiary? If you do, there are some "minor concerns" to keep in mind. Provided by Howard Erman 2/26/2013 Should you make a minor child the primary beneficiary of your IRA? Are there any caveats to...

 

Wednesday, February 20, 2013

A CAREGIVER'S FINANCIAL RESPONSIBILITIES Key questions for you & your family to consider. Presented by Howard Erman 2/20/2013 A labor of love may come to involve money issues. Providing eldercare to a parent, grandparent or relative...

 

Thursday, February 14, 2013

IS NOW THE TIME TO REFINANCE? Interest rates on 30-year fixed mortgages are still notably low. Presented by Howard Erman 2/14/2013 Mortgage rates are still low. The earliest numbers from 2013 have remained lower than they were this...

 

Tuesday, January 29, 2013

WHY IT IS WISE TO DIVERSIFY A varied portfolio is a hallmark of a savvy investor. Presented by Howard Erman 1/29/2013 You may be amused by the efforts of some of your friends and neighbors as they try to "chase the return" in the...

 

Wednesday, January 23, 2013

Howard Erman 1/23/2013 QUARTERLY ECONOMIC UPDATE QUOTE OF THE QUARTER "To accomplish great things, we must not only act, but also dream; not only plan, but also believe." – Anatole France QUARTERLY TIP As a result of the fiscal cliff...

 

Wednesday, January 9, 2013

Presented by Howard Erman 1/9/2013 What will change (and won't change) as a result of the new legislation. Several tax hikes, some tax breaks. Now that the fiscal cliff deal assembled in Congress is becoming law, it is time to look at...

 

Tuesday, December 25, 2012

12/25/2012 "When Marva Goldsmith took a buyout in 2001 after a 20-year career at a Detroit utilities company, she moved to Washington, D.C., in search of a job that would use her experience lobbying on energy as well as her training...

 

Wednesday, December 19, 2012

Presented by Howard Erman 12/19/2012 What can married couples do to increase joint lifetime benefits? What is your "magic number"? Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible....

 

Tuesday, December 18, 2012

12/18/2012 "Adult children and their parents recognize the need to talk about inheritance, eldercare and retirement planning issues, but nearly one in two adult children do not feel like they've had sufficient conversations with their...

 

Thursday, December 6, 2012

Provided by Howard Erman 12/6/2012 What Steps Should You Take Whether you shop online routinely or infrequently, the risk of identity theft rises as you offer more and more information about yourself online. Don't use a debit card,...

 

Friday, November 16, 2012

This spend-down strategy based on RMD rules will help you cover retirement expenses with less risk. By Eleanor Laise Most retirees face the same conundrum: how to spend down assets without completely depleting them. One popular...

 

Thursday, November 15, 2012

Presented by Howard Erman 11/15/2012 What could play out in the near future? Will 2013 be as severe as some economists think? The fiscal cliff is getting closer and closer. How will Congress respond? In the worst-case scenario,...

 

Thursday, November 15, 2012

David Kotok 11/15/2012 "As the stock market continues to fall from its recent highs, analysts and market pundits are beginning to warn of a bigger crash to come. After all, there's the "fiscal cliff" to worry about. And Europe. And...

 

Thursday, November 8, 2012

Presented by Howard Erman 11/8/2012 Who would you rather emulate? You stand at your window and look across the street. Nice house, you think. Nice landscaping. Nice sports car. Nice driveway. New bikes for the kids. Wow, your...