Blog

Filter Blog by:

Blog

Are You Saving Enough for Health Care in Retirement?

Published by Taylor Financial Group

According to research performed by Nationwide Financial, health care will likely be the greatest expense for people in retirement.  Yet, 60% of people cannot estimate what their health care costs will be in their retirement, which is not surprising given all of the variables, such as Medicare changes, the rising cost of health care, and the uncertainty surrounding the most recent version of the Health Care Act.  One thing we do know for sure is that the cost of healthcare is increasing faster than the rate of inflation — whether you like it or not.  So, figuring out whether you’re saving enough to account for these changes is a must, if you want to help ensure you don’t spend your retirement savings on health care expenses. Read more

Blog

Prepare Your Child (or grandchild) for College with this Four-Year Action Plan

Published by Taylor Financial Group

If your child (or grandchild) is starting high school this fall, now is the perfect time to start preparing yourself, and them, for college.  You may be thinking – do I really need four years to prepare?  I say “YES!”  There are tons of requirements and deadlines to think about and keep track of!  Not to mention the huge expense and financial planning that goes into it.  Trust me, I speak from experience.  I have one daughter who just finished her first year at Wellesley College, and another two children right behind her.  I’ve been planning for college for years and years, and the planning will continue for years to come.  I can tell you firsthand that it can quickly become overwhelming! Read more

Blog

The Fiduciary Rule – How the Annuity Market is Changing

Published by Taylor Financial Group

The new Fiduciary Rule has already begun to significantly impact the financial services industry and will only continue to do so going forward.  The area of annuity design and sales is no exception. Because of these changes, Barron’s recently wrote an article about how the annuity market is changing and how the new Fiduciary Rule is benefiting investors.  Barron’s reports that annuity companies have created new solutions that provide greater cost transparency, lower fees, and shorter surrender periods.

Read more

Blog

Dividend Stocks: Dead or About to Come Alive?

Published by Taylor Financial Group

As we continue to monitor our investment strategies, one strategy we have recently been discussing with clients is the Day Hagan Tactical Dividend Strategy.  Day Hagen is a popular strategy among clients due to its risk sensitivity, strong historic performance, and long-term track record.  However, so far this year, Day Hagan Tactical Dividend Strategy has lagged.  As of June 28th, the strategy has returned 1.61% net of fees year to date where the Russell 1000 Value Index has returned 3.86%.  Comparatively, the S&P 500 has returned 10.11% including dividends during the same time period. Read more

Blog

Is Your Child Filling Out the Right Tax Forms?

Published by Taylor Financial Group

Summer is finally here!  That means many kids are starting summer jobs.  If this is your child’s first summer working, you may be wondering what tax forms she (or he) should complete.  Even if your child has held a job before, it’s important to know if she is using the right forms and filling them out correctly.  Read more

Blog

Midyear Review & Outlook

Published by Taylor Financial Group

This week was a big week for two reasons.  First, the Federal Reserve (Fed) has finally been able to follow through on its projected rate hike path, including the second hike for 2017 announced at the conclusion of the Federal Open Market Committee’s June 13-14 meeting.  This move highlights that the Fed increasingly trusts that the economy is on more solid footing and has largely met its dual mandate of 2% inflation and full employment.  But, second, and of perhaps even greater importance, the Republicans put forth a health care act (and tax reductions) that may provide additional relief to the consumer. Read more

Blog

How to Avoid the Top 3 Financial Fears in Retirement

You’ve worked hard for your money and during your retirement years, you want to have confidence that you can enjoy it. However, many retirees have common concerns as they move from asset accumulation to asset preservation. “Am I spending too much?” “Have I set aside enough for long-term care?” “Will I outlive my assets?” These are all questions many retirees think about. Read more

Blog

Three Reasons to Consider Active Management

Published by Brett Carson

Trends are pervasive in our culture, and the investment world is no different. The latest is the move towards passive investing using low-cost ETFs. Essentially, the argument is that nobody can consistently beat the overall market, so you’re better off owning a cheap index fund with the aim of just keeping pace with it. Read more

Blog

Social Security Planning for Women

Published by Taylor Financial Group

Everyone’s retirement plan should consider planning for Social Security.  The goal is to maximize benefits, which means knowing what you have accumulated and considering all the options.  The decisions you make regarding Social Security can mean hundreds of thousands of dollars of additional retirement income – for men and women alike.  However, a recent Wall Street Journal article highlighted why Social Security for women, in particular, is even more critical.  The need for Social Security planning is greater for women for two reasons: women typically have less “working” years and women tend to live longer.   Read more

Blog

The 4 Pitfalls of No Plan

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability…While these major events can impact your life, having an effective game plan can help ensure that it doesn’t ruin your financial well-being. Let’s say you choose to not have a financial plan. How does this decision impact the confidence you want/need for your future? Read more