Latest articles by T. Eric Reich, CIMA®, CFP®, CLU®, ChFC®
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8 Times You Should Contact Your Financial Adviser
Whether you experience a job change or begin caring for aging parents, your financial adviser can help manage the impact on your financial plan.
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Where Is the Economy Heading? Velocity of Money Provides Clues
Financial adviser looks at the rate at which money is being spent in the economy for an idea of whether we’ll see a recession in 2023.
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What Happens When the Retirement Honeymoon Phase Is Over?
In the early days, all is fun and exciting, but after a while, it may seem to some like they’ve lost as much as they’ve gained. What then?
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For 529 Plans in a Bear Market, Timing Is Everything
If your child is close to college age and their college fund has taken a hit in the market, there’s one thing you should think about doing.
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Stop Being Afraid of a Down Market
investing Bear markets typically aren’t as scary as most investors fear. Really. Here’s why, and an outline of the options investors have.
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A Few Important Roth IRA Basics for Investors
IRAs Roth IRAs have a lot going for them … if you use them right. Here’s a roundup of the withdrawal rules, penalties and taxation of Roth IRAs.
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‘I Can’t Retire – I Need Health Insurance’
health insurance Health insurance is seen as a huge hurdle for early retirees, but the answer to finding affordable coverage could be simpler than you think.
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IRAs vs. 401(k)s: Exceptions to 10% Penalty for Withdrawals Under Age 59½ Differ
IRAs Before pulling money out of retirement accounts early, check the rules. The exceptions to penalties can differ depending on which type of account you’ve got.
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Don’t Name Your Estate as Your IRA Beneficiary
IRAs It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.
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Is a Recession Ahead?
economy The signs are pointing in that direction, but before you get too concerned, let’s put the whole situation in context.
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The Wrong Way to Reduce Your Risk in Today’s Stock Market
investing The swings on Wall Street lately have many investors jittery, but some of those wanting to reduce their risk are just trading one type of risk for another.
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Can I Afford to Retire?
retirement planning That fearful question is what holds many people back from taking the plunge, but a little fact-finding could give you the information you need to make an informed decision.
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Time to Face Reality: Your Kids Don’t Want Your Stuff!
estate planning One estate planning mistake I see all the time is that parents want their children to inherit their homes and treasured possessions, and they assume their children would be happy to get them. But have you asked your kids? You might be surprised.
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Should I Start Gifting Money (or Even My House) to My Kids?
estate planning As for giving away your money while you’re still alive to see it go to the ones you love, there are pros and cons to think about. But when it comes to your house, giving that away is probably a really bad idea.
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Hidden Costs of Roth IRA Conversions
Roth IRAs Yes, Roth IRAs are pretty great, but they can come with some potentially costly complications.
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A Reality Check 11 Years after the Last Crash
Markets Eleven years ago, many investors watching the Dow gyrating thought things could only get worse and that we'd never see 14,000 again. Clearly, they were wrong. So, what does that mean for worried investors today?
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IRA Rollovers: What's in a Name? A LOT!
retirement Do you understand the difference between a 60-day rollover and a trustee-to-trustee transfer? If you don't, you could be slapped with a hefty tax bill and possibly penalties to boot.
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Retirees Can't Afford to Underestimate Sequence of Return Risk
Making Your Money Last If the market tanks in the early years of your retirement, you could be in big trouble ... unless you're prepared.
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The 1 Type of Insurance Every Worker – Especially the Young – May Need
Financial Planning It's likely you'll make over $2 million during your working years. That's something worth insuring, and disability insurance is the way to do it. Here are 10 things to know about this vital coverage.
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Risk Tolerance in the Bull Market Era
Markets Assessing your ability to take a chance on stocks is more important now than ever, and to get an accurate appraisal, a chat is much more effective than a questionnaire.
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8 Questions to Ask Before Making Any Investment
Financial Planning When meeting with a financial adviser, it can be a little intimidating, but don't let any fear of looking uninformed keep you from asking some important questions.
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How to Choose a Financial Adviser
Financial Planning To pick the right professional for you, you need to do some poking around and ask a lot of questions. Here are some practical steps to help make a solid decision.
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Year-End Financial Planning Ideas
retirement Six money management, tax planning and estate planning steps to consider getting started on as 2019 winds down.
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10 Surprisingly Common Estate Planning Mistakes
estate planning From the obvious to the highly obscure, estate-planning problems have one thing in common: They can cause huge, costly headaches for your loved ones. Here are 10 pitfalls people need to be sure to avoid.
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