Archives for Finances

10 Reasons You Need a Financial Plan

October is Financial Planning Month which serves as a useful, annual checkpoint to make sure you are on track to meet your financial goals. A written, up-to-date financial plan encompasses not only investments, but risk management solutions, tax reduction strategies and estate planning. To have one comprehensive document to address your finances. Financial planning provides one summary location for everything related to your family’s financial life. From your budget, to your savings, to your investments, to your retirement, a financial plan helps you consider your finances in a holistic manner, and gives you one central place to see everything at
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7 Money Moves to Consider This July

The coronavirus has given us all a lot of stress, as well as a lot of free time to think. If you’re postponing your summer vacation plans, now may be the perfect time to implement some financial planning “to-do’s” that could enhance your personal wealth and financial well-being. Here are seven things to consider: Is there too much risk in your portfolio? If you’re younger, you may have been told to just wait out the volatile stock market, and indeed that may be best for you. But some people—no matter what their age—are more risk-averse than others, and that’s where
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The CARES Act: 10 Things You Should Know

The $2 trillion coronavirus economic stimulus bill is the single largest relief legislation in U.S. history, aimed at providing help for individuals and businesses affected by the outbreak. It was signed into law on March 27, 2020. The CARES Act is also known as “Phase III,” because it follows a $104 billion package passed March 18 for workers and families, and a smaller $8 billion bill to increase funding for medical treatments and testing. There is already talk of a fourth and fifth package in development in Congress. Here’s what you should know: Direct Payments to Taxpayers Americans are set
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Riding the Rockies Marketing Update April 6, 2020

Our long term clients (some, for more than 25 years) know that I am an “optimistic realist.” I suspect that over the years, I’ve evolved a bit less along the “optimistic” side to be a bit more “realistic” but that is, I suspect, the long term developmental process for most optimists.
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First Quarter, 2020 Commentary

The first quarter of 2020 was one of the most volatile in the history of the capital markets.  No asset class was spared as a result of the Corona Virus which swept across the global population and its economies with “Blitzkrieg” speed, toppling people, businesses, the capital markets, and economies.  It was an historic quarter in so many ways.
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The Rules Are Changing For 401(k)s In 2020

The Rules Are Changing For Your 401(k) In 2020 If you’re still working and contributing to a 401(k) or similar workplace retirement plan, there is some good news for the upcoming year. If you’re under age 50, the amount you can contribute to your 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is now $19,500 for 2020—a $500 increase over 2019. Additionally, for those who are age 50 or over by December 31, 2020, the catch-up amount is now $6,500, up by $500 (and the first increase since 2015). Keep in mind that you can still
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How to Make “For Better or Worse” Better in Retirement

At Alpha Beta Gamma Wealth Management, we’ve worked with hundreds of couples in our 30+ years serving as financial advisors. And one thing we’ve noticed is that some husbands and wives appear to enjoy their retirements more, seem happier overall, and demonstrate poise in handling life’s unexpected events and transitions. How do they do it? Here are our tips based on direct experience. Both of You Need to Get and Stay Involved When It Comes to Your Money Although one spouse usually ends up taking on the lion’s share of the load when it comes to paying bills and/or managing
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What To Do During Times of Market Uncertainty

By Curt Lyman At Alpha Beta Gamma Wealth Management, we have been helping clients for decades, and we’ve worked through Black Monday, the dot com bubble, the housing market crash of 2008, as well as many other times in recent history when markets went sideways. That’s why our approach is always to hedge against the many financial risks you face as you get closer to retirement or are already retired, including market risk. In addition to managing wealth in a way that helps us move your money to safer accounts in challenging economic times, we also have specific strategies we
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Family Life Events: When to Call Alpha Beta Gamma

Here are some life milestones and events that mark when you should call us to get financial advice and help. A marriage. Whether it’s you, or your children or grandchildren getting married, when two people join together in holy matrimony they’re also going to need to bring their finances together, for better or worse. And if there are children from a previous marriage involved, it’s doubly important to meet with a financial advisor to get the relationship off on strong financial footing. A comprehensive financial plan—which includes mutual goals, time horizon to retirement, and desires for wealth transfer to family
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How to Reduce Your Cooling Costs This Summer

90 degree weather with 90% humidity can have you racing for the thermostat just to get some relief. In Florida, HVAC (heating, ventilation and air conditioning) can account for more than 40% of your utility bill, and at an average electricity cost of 12.09 cents per kilowatt hour, that can add up to a lot of money.1 Here are some alternate ideas for handling Florida heat in July.   Avoid creating additional heat in your home One way to keep the air inside your house as cool as possible is to cook outside on the grill, serve cold salads or
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