Todd Schanel, CFA, CPA, CFP® and Jackie Goldstick, CFP®

CFP-Retirement Planning-JupiterFL

Three Reasons Not to React to Financial News

Stock prices change as new information becomes available.  It’s not surprising that many investors believe that it is crucial to follow financial news carefully and then act quickly on news that might be relevant to their investments.  While this may sound like a good idea, the reality is that you cannot expect to consistently improve…

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Money Management Lingo

Doctors write prescriptions. Auto mechanics perform tune-ups. Lawyers prepare briefs. Financial advisors help you manage your money. Ultimately, it’s that simple. But like any other profession, we sometimes have a funny way of saying it. Following are a few of the most common terms related to money management. Assets Your assets sustain your financial being…

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CFP® and CFA: Credentials to Consider When Hiring a Financial Advisor

If you have ever met with a financial advisor, it is likely that they have several letters after their name.  As a consumer, it is important to understand exactly what these designations mean – they are not all the same and they do not all indicate the same type of expertise or accomplishment.  Some require…

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How Today’s Spending Habits Impact Your Retirement

When helping people plan for their financial future, the overriding principle that governs the advice we give is to “control what we can.”, and one of the things we have the most control over is how much we spend and how much we save. For those that are preparing for retirement, so much focus is…

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Retirement and How it Impacts Your Social Security Benefit

In the video When Should You Begin Collecting Social Security Benefits, we’ve discussed considerations to take account when determining when to begin collecting social security benefits. Specifically, we discussed the fact that delaying collection allows your benefit amount to grow by 8% per year plus inflation from Full Retirement Age to Age 70 while collecting…

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What Does it Mean to Have a Balanced Portfolio

What Does it Mean to Have a Balanced Investment Portfolio

Your investment portfolio is most likely comprised of different types of investments, balanced in such a way that takes into consideration both your overall return objectives as well as your risk tolerance.  It is useful to understand the purpose and role each investment plays within a diversified, balanced portfolio. Stocks or equity, whether owned through…

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