In the wake of the pandemic, many Americans have lost their jobs and are struggling to make ends meet. One avenue is to take a loan from their retirement accounts. But should you? This question suggests a multitude of responses and is one of the most frequently asked questions by retirement participants. Let’s take a …
Here are the distinctions between wealth managers and financial planners. Terminologies change all of the time, so it’s always important to make sure you know exactly what is meant by a certain phrase or title. 25 years ago, a common term in the investment advisory world was ‘broker,’ and that meant someone who would …
The sudden economic shut down changed our economy instantly. This generational event will have ripple effects across the economy and the stock market. Michael Carlin, president of Henry+Horne Wealth Management, goes over the data and helps you understand where the economy may be headed so you can better forecast the financial needs of your organization …
Here are the steps you must take to become financially fit. How do you become financially fit? There are several steps you need to follow. First, set goals that make sense for you. This means focusing on where you want to end up. Do you want to pay off your house? Do you …
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which was signed into law on March 27, 2020 provides dollar relief to those suffering as a result of the coronavirus. So, what should you know as a trustee/plan sponsor of your company’s retirement plan? First, we need to understand who is eligible to receive …
How do you know if a financial advisor is suited to manage your portfolio? With so much economic uncertainty going on across the nation and around the world, many of you have been asking about how to find the right financial advisor. What questions should you be asking in order to find the perfect …
Now is a great time to educate our children about the market and our economy. Now more than ever, it’s important that we set aside time to talk to our kids about money. Every day our kids are picking up mixed messages of intermittent panic from the news, dealing with sudden social distancing, adjusting …
In the fight against COVID-19 and the damage the pandemic has done to the economy, congress enacted the Coronavirus, Aid, Relief and Economic Security (CARES) Act. A key provision deals directly with retirement plans and sponsors. Check with your individual plan to verify the following is allowed. Can I make withdrawals from my retirement funds …
If you’re curious about how the current stock market situation relates to past bear markets, look no further. Here’s what you need to know. The term “bear market” is on everyone’s mind these days given the significant hit to the stock market and the subsequent economic shutdown caused by the coronavirus pandemic. Is this …
Michael Carlin updates you on the market, the economy and where we go from here. For more information and resources on COVID-19, see our coronavirus page. Feel free to contact your Henry+Horne tax adviser with any questions.
