Taking Social Security Early
It may be tempting to take your Social Security at age 62. Your health status, longevity, and income needs are 3 keys factors that play a role in the decision to claim your benefits. Guaranteed monthly income is nice to have but claiming your benefits too early may...
CARES Act Summary
This post covers some of the most common provisions in the bill. For more information check out the full bill here. If you have a question on a specific situation please email me at george@pmgwealth.com. 1. Tax Rebate The government will be direct deposit money into...
Risk Happens Fast
Back in December I posted 20 Risks to the market in 2020 on LinkedIn and I said that back to back decades without a recession is unlikely. The risk of Coronavirus was not on that list. My point is risk can come from unexpected places at any time. It is not the first...
Coronavirus Update Letter – March 16, 2020
Hello Everyone. Having gone thru the last 2 major Bear Markets (2000-02, and 2008-09) here are some thoughts for today and items at the end to make sure we are connected. First stay calm and don't forget to breathe. This market drop was quicker in terms of time. To me...
Where to Start Investing? (Age 35 and under)
Emergency Savings (not an investment account but should have prior to investing) Roth IRA 401k or Company Retirement Plan Managing your money at a young age can be intimidating so hopefully this breakdown can help. 1. Emergency Savings This sounds boring but it is the...
7 Reasons Your Advisor May Be Outdated
If you feel you can answer these questions confidently than you are most likely in great shape! If not, it may be time to reevaluate your advisor. 1. Buy and hold investment philosophyDoes your advisor recommend buy and hold? Last two bear markets 2008 S&P 500...
Where is the highest Inflation?
This chart below shows the price changes of goods and services from 1997 to 2017. The chart is a great way to show that inflation is not a uniform increase in prices, and that varies greatly from sector to sector. Why some prices are rising at twice the rate of...
Coronavirus
Volatility was below average in 2019 but the concerns of the economic impact of coronavirus may bring us more volatility in 2020. Coronavirus was first identified late last year in Wuhan City, China. China is the second largest economy in the world behind the...
Highlights of the Secure Act of 2020
There are other aspects of the SECURE ACT not covered here but these are the four that are most notable. 1. RMD age increased from 70 ½ to 72 Required Minimum Distribution (RMD) from traditional IRAs now begin at 72 instead of 70 ½. This applies to people who were not...
January 2020: Volatility Might Surprise Us Again in 2020
Looking back at 2019 where the S&P Index ended the year up an impressive 28.88% despite all the news stories of trade war, impeachment, IRAN, Trump tweets, etc. One other surprise besides total return might be the overall volatility of the market. Heading into...
Plan to Rise Above™
Welcome to the Plan to Rise Above™ Blog. Continue to check back for new and exciting content in the world of financial planning, wealth management and personal finance.
