"Helping Change The Way People Think About Planning & Investing!"
In today's social media environment, there exists the opportunity to receive objective financial advice - the problem is where can you find it? I plan to cover various financial areas and provide meaningful and useful information in my blogs (or brief articles, or posts, or whatever they're supposed to be called now). I am a fiduciary along with the credentials of Certified Public Accountant (CPA) and Certified Financial Planning Professional (CFP). I hope you find the blogs informative and feel free to contact me to discuss your financial goals. Please enjoy!
Should CDs Be a Part Of Your Portfolio?
It's no coincidence that inflation rates and current CD rates are at levels not seen in years. Rising inflation usually means higher interest rates are headed our way to combat the increasing prices.Read More
Silicon Valley Bank - Guilty of Being Too Conservative
What happened to Silicon Valley Bank is not what happened to banks during the subprime mortgage crisis during 2008-2009. The current situation involves banks that made too many conservative investments, not risky worthless investments.Read More
So Lower Unemployment & Rising Wages Are Bad For Markets?
Sometimes economic data can lead to conclusions that don’t make sense, and the recent employment data is an example of how various information can be viewed differently.Read More
New Retirement Rules - An Overview
In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement.The law is called SECURE 2.0, and it's a follow-up to...Read More
The Roth IRA - Pay Now Or Later?
Technically, neither the Roth nor a traditional IRA is an actual investment, such as a mutual fund, a bond, or a stock; they are types of accounts. The mere creation of a Roth IRA should not compel the need to alter your asset...Read More
Stagflation - Get Used To The Term
Stagflation - a term that refers to high inflation that happens simultaneously as stagnation of growth or outright recession.When consumer demand rises above potential supply, prices tend to increase. When prices rise, the Federal...Read More
3rd QTR & YTD Index Returns
Inflation: Questions and Answers
It seems most times inflation is mentioned in the news, it’s usually accompanied by a reference to the fact that we have not seen these types of inflation numbers in over 40 years. And it’s true. According to the...Read More
Video - Disciplined v Speculative Investing
Whether long-term or short-term investing strategies are used, the objective of each is the same - to make money. However, the difference is how that objective is accomplished. It can make a difference on long-term public market returns.Read More
Video - Conservative v. Cautious Investor
I believe understanding the difference between a conservative investor and a cautious one is important because some investors may not fully understand these terms as they relate to their investment strategies.Read More
Inflation v. Money Supply - An Epic Battle!
What was described a little over a year ago as “temporary” is now firmly entrenched in our everyday lives – inflation. The last time inflation has reached this level of relevancy was over 40 years ago.Read More
Time to Review Your Investment Costs - They Matter!
During years of positive returns, the attention to costs of investments is often neglected. However, during years of negative returns, it is much more likely that investors will make an attempt to understand their costs thoroughly.Read More
The Fed's Quarter-Point Increase - That Was It?
The Dow Jones 900-point increase over two days in response to the Fed announcement of a quarter-point increase amid a inflationary surging environment indicated that the market was acknowledging the Fed is less bite and more bark.Read More
Is Our Nation's Money Supply Really This High?
Rising prices are the accepted universal cause of inflation. But another way to think of inflation is that the available supply of money has dramatically increased, and consumers are outbidding each other for limited supplies and services.Read More
Compare Your Investment Returns To Market Indexes
“How much did my investments make last year?” is naturally an important question for any investor but another critical question is "how did my investments compare with similar investments."Read More
The Fed - Between A Rock & A Hard Place
The Federal Reserve's decision at their Dec 15 FOMC meeting leaves them with room to try and slow down rising prices without raising interest rates - for now!Read More
Inflation Is Here To Stay - Now What?
A few months ago when the Federal Reserve (The "Fed") began to describe the dramatic increases in prices for consumer goods and services, they described it as "temporary." I wrote a blog then ("Inflation - Should you Finally Be Concerned...Read More
Social Security Benefits May Be Cut By 2034
The economic impact of COVID-19 has been felt from coast to coast. And, unfortunately for many pre-retirees, it could potentially impact Social Security benefits as well. We have heard the ominous warnings over the past couple decades...Read More
Is Compounded Growth The Optimal Investment Strategy?
What is the most effective and powerful investment strategy to building wealth? Is it buying low and selling high? Is it correctly timing the ups and downs of the market? Could it be the ability to take advantage of leveraging...Read More
RMD rules - How much have they changed?
Required Minimum Distributions The new rules regarding Required Minimum Distributions (RMD’s) are in effect in 2021. The “SECURE ACT” of 2019 and the “CARES Act” of 2020 were enacted to change the rules...Read More
Inflation - Should you finally be concerned?
In hindsight, it is not surprising that prices of everything from limes to used cars, to vacations are rising at a rapid pace. Most businesses in the U.S. economy spent practically an entire year scaling down business operations...Read More
Election 2020: A Dose of Patience
The upcoming election is prompting some people to reconsider their investment strategy. In fact, 45% of consumers with $100,000 or more investable assets expect to make changes to their portfolio due to the upcoming 2020 presidential...Read More
The Social Security Administration Announces 2021 COLA
On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. The increase seems pretty low, doesn't it?Read More
The Federal Reserve's Monetary Policy - A Retiree's Dilemma!
“We remain committed to using our full range of tools to support the economy for as long as is needed.” -Jerome Powell – Chairman of The Federal Reserve, Tues, Sep 22, speaking to the House Financial Services...Read More
The Fed Will Keep Rates Low - So What Else is New?
On the last day of July, 2019, the Federal Reserve lowered the fed funds rate for the first time in over ten-years. The rate increase was widely expected for several weeks prior to the change, but I admit I’ve struggled with the...Read More
Federal Student Loan payments paused due to COVID-19
This month, many universities and colleges are welcoming students back to campus, even if most campuses are largely online this year. But that's not all that's different. The current administration has issued an executive memorandum...Read More
If There Was Ever a Time To Consider a Roth IRA......
The Roth IRA has been available as an alternative investment since 1998, but To the average investor, however, there are things about the Roth IRA that remain unclear enough to discourage many investors to ever consider one. But there...Read More
Coronavirus "CARES Act" - Brief Summary of Retirement Planning Areas
Welcome to Carr Wealth Management, LLC. Our mission is to help clients manage the uncertainties of tomorrow, and we certainly have run into uncertain times. Due to the coronavirus, our economy along with the global economy is heading...Read More
A Glimpse of Disciplined Investing
Many investors today are grappling with the sudden and shocking downfall of their investment portfolios. Just a few weeks ago the financial headlines continued to inform the public of the record highs that various indexes were...Read More
The New SECURE Act - Does It Impact You?
Information on the SECURE Act The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law on Friday, December 20. Here are the major changes created by the new law. • Required...Read More
One Last Look at Possible Year-End Tax Saving Strategies
Issuing a list of items that are designed to help reduce your tax bill three weeks before the end of the year may appear to be cutting it close, but would you really review a year-end to-review-list in early November? Besides, most of...Read More
Medicare B Premiums to Rise 6.7% in 2020 / Soc. Sec. Increasing Only 1.6%
The 2020 Medicare Part B premium has been announced by the Centers of Medicare and Medicaid Services (CMS).The base premium for Medicare Part B, which covers doctors' fees and outpatient services, will increase to $144.60 per month in...Read More
Fed Rate Reduction - Tell Me Again Who That Helps?
On the last day of July (last Wed), the Federal Reserve lowered the fed funds rate for the first time in over ten years. The rate increase was widely expected for the past few weeks, but I admit I’ve struggled with the rationale...Read More
The Roth IRA After Tax Reform - Does It Make Sense Now?
Just as it is in any investment, choosing to create (or convert to) a Roth IRA requires analyzing the risk and return of such a strategy. But unlike other investments where risk of loss is compared to possibility of gain, the risk and...Read More
New Retirement Bill - Does It Impact You?
The House overwhelmingly approved a bill last month designed to promote retirement security by making it easier for small businesses and other companies to offer retirement plans. The Senate will vote on the bill soon. The bipartisan...Read More
CD's, THE FED, AND INTEREST RATES
When we speak of portfolio allocations, we typically use percentages such as “60/40,” which generally means that riskier assets, such as stocks, comprise sixty-percent of a portfolio. The remainder of the portfolio will...Read More
Year-End Investment Tax Strategies
The new tax rules for 2018 are far-reaching and impact ordinary tax rates, standard deductions, personal exemptions, itemized deductions, business expenses, moving expenses, alternative minimum tax, and various credits. However, an...Read More
Buy Low and Sell High – That’s Still The Right Way, Right?
Buy Low and Sell High – That’s Still The Right Way, Right? It is said that the two emotions of fear and greed control most of our financial decisions (how it applies to decisions in everyday life is beyond my expertise)....Read More
The Fed, Interest Rates, and Inflation - Oh My!
The Federal Reserve last month raised the fed funds target rate for the third time in 2018 and for the eighth time since monetary tightening began in December of 2015. It’s expected that the Fed will increase the rates again in...Read More
So, You Want To Know My Risk Tolerance?
So, You Want To Know My Risk Tolerance? When it comes to investing, risk comes in many forms, and it can apply to many different types of investments. But there’s one type of risk that has been universally known since man began...Read More
How to Hedge Against Inflation - "TIPS"
Imagine an investment that produced returns that are linked to the general level of rising prices. Individuals living on a fixed or mostly fixed level of income must deal with the risk of rising prices outpacing their income growth....Read More
Social Security Benefits - Do Divorced Spouses have rights?
Just because someone is divorced from their former spouse doesn’t mean they are ineligible to receive spousal benefits. In fact, most of the rules involving married spouses will pertain to divorced spouses. There are a couple of...Read More
Medicare Premiums - Do you have any control over amounts?
Medicare premiums are based on the income you reported on your most recent tax return. Sounds simple enough but there’s a couple of things to know: The “most recent tax return” rule is intended to be from Social...Read More
Compounded Growth - It's Not Flashy, But Effective!
When the term “compounded growth” is used in investment talk, it’s about as appealing as watching paint dry; it’s boring. There is a slight innuendo of long-term disciplined investing in the term...Read More
The Fiduciary Rule - Why Is This Even An Issue?
“Acting In Your Client’s Best Interests!” – Who knew it could be so complicated? Well, apparently it is. But to the typical investor, it shouldn’t be. Once they’ve gotten over the initial shock that...Read More
SOCIAL SECURITY - Why Should I Wait Until Age 70?
Why Should I Wait Until Age 70? According to the Social Security Administration, 43% of Americans file for Social Security Benefits at age 62. Approximately 9% wait beyond age 66. Of course, there will be situations where the need for...Read More
To Roth Or Not To Roth?
It may not be “THE” question, but deciding to invest or convert to a Roth IRA instead or from a Traditional IRA can have a substantial long-term effect on your financial future. The use of compounding and tax deferral are...Read More
When the market is up, investors will pay less attention to the total costs of their investments since the returns are positive, but when the market is down, many investors become more interested in how much they're paying for their...Read More
SOCIAL SECURITY - A Tax, Investment, Or Insurance?
Social Security – Is It a Tax, an Investment, or Insurance? Technically, Social Security tax, or what we affectionally know as FICA, is indeed a tax, but it’s not like any other tax. The acronym FICA stands for the Federal...Read More
Speculating - It's Not Investing!
Investing, in a financial sense, is an outlay of money in hopes of achieving future returns; speculating is an outlay of money in hopes of achieving immediate or short-term returns. The odds are not on the side of the investor....Read More
What is Portfolio Rebalancing? How, & When Should I Do It?
Following a staggering surge in the stock market during the first quarter of 2017 (actually, since November), it may make sense to consider “rebalancing” your investment portfolio. But what is portfolio rebalancing and how does it work?Read More
Passive Investing - Does it Really Mean To Do Nothing?
Passive Investing is generally assumed to be an investment strategy that requires one to "do nothing." But actually, there is a great deal of work to be done in order to take advantage of using low-cost investment vehicles to help...Read More
The New DOL Fiduciary Rule for Investment Advice
“You mean they weren't acting in our best interests to begin with?” On April 06, 2016, the investment industry was rocked by a much anticipated Department of Labor Fiduciary Rule that obliges financial professionals who are...Read More
What is Robo-Advising?
Staying away from high fees and excessive trading is a step in the right direction for investors, and the growing use of automated investment systems signal that many investors no longer want to pay higher fees for their investments...Read More