Join us for a live stream. We will review the investment markets for the first three quarters of the year. We will talk about some big changes in our model portfolios and what concerns us for the remainder of this year and into next.
Investing is a key component of your financial plan. To be successful, one of the most important traits you need is intestinal fortitude. Reaching for return introduces some emotional stress, and sometimes that stress can be Intense. Big decreases in value cause many people to sell investments – and most do it when they shouldn’t. Today, we talk about the difference between investment return and investor return.
Planning for the future is something we firmly believe. It not only applies to our clients but also to our firm. Today, there are eight financial advisors at Commonwealth. The experience on our team ranges from 10 months to over 40 years. It is also critical for us to also plan for the future, and that means finding bright young minds. In the last few months, we added two financial planning residents. Today we introduce you to Madison Gontarek and Khoury Kloss.
We spend our working years saving for retirement. There comes a point where we will need to turn those savings into an income stream. How much can you take from your savings and not run out of money? Is the 4% rule still valid? Is there a “magic number” we can all use to figure out if we have saved enough?
You can look at retirement in three phases: the go-go years, the slow-go years, and the no-go years. Nobody knows exactly how long each of those will last, but when we start to think in those terms, it can change how you approach planning for that next chapter of your life.
Vanguard recently released a report titled How America Saves. It takes a detailed look at how Americans use retirement plans like the 401k. Nikki and Julie will join me to dig into some of the good and bad of the data, and more importantly, what it means for you.
n the investment world, there are thousands of possibilities and millions of combinations you can use to build a portfolio. On top of that, we have to deal with the incredible force of the unknown. Today, we dig into why picking the best-performing investments is a true superpower.
You can find several personalities on social media, YouTube, and the airwaves offering generic financial guidance. Dave Ramsey and Suze Orman star in these spaces. Is the guidance they share “good enough” you should just blindly follow? We discuss that on today’s Wealth Wednesday.
This year, Commonwealth Financial Services celebrates its 20th anniversary as a firm. Over that time, we have made many changes. Those evolutions culminated this year as our firm became an independent Registered Investment Advisor. The financial services industry confuses many people. Many different firms serve different roles and the lines between them lead to confusion. Today on Wealth Wednesday, we try to clarify those roles. There are some important distinctions that impact how you seek planning and advice. In addition, we have introduced a new name into the mix. Charles Schwab now serves as our primary custodian. We explain the role and function of the custodian and why we