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Tuesday, September 18, 2018

In the wake of the 2008-09 financial crisis, the Federal Reserve Bank cut rates to near zero and left them there for almost seven years. Since December 2015, the Fed has embarked on a campaign to normalize interest rates. In this...

 

Tuesday, September 11, 2018

Over the next 90 days, heading into the mid-term elections, you are likely going to be hearing much about immigration and its impact on our great country. This is not a new subject for Americans to deal with. The link to the video...

 

Thursday, August 30, 2018

The financial planning industry has spent significant time helping people appropriately spend and save so that they can build a large nest egg so that they will be able to retire comfortably. However, we need to realize that life is...

 

Monday, August 13, 2018

It's a sellers' market, so homebuyers need to be even more prepared than ever to confidently shop for, bid on and pay for a home. As with all things financial, planning is key. Whether buying your first home or downsizing to your last...

 

Monday, July 23, 2018

According to the Social Security trustees report of 2018, over the last 35 years, from 1983 to 2017, the Social Security program has taken in more money each year than it paid out in benefits. Total revenue each year includes FICA...

 

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Thursday, July 12, 2018

For calendar year 2017 nearly 32 million tax filers claimed mortgage interest as an itemized deduction on their 1040 tax return. With the passage of the most recent tax law in December, that number is expected to drop to only 14...

 

Wednesday, May 16, 2018

In over 30 years of working with clients on their financial and retirement plans, I have noticed a very definite trend. Clients, no matter how much money they have, tend to spend those resources in approximately five major areas....

 

Tuesday, May 8, 2018

Nearly 1/2 of all Americans have had the experience of providing care for a spouse or parent, or they believe they will end up in this role in the future. According to a recent Northwestern Mutual C.A.R.E. Study released in March,...

 

Friday, April 20, 2018

For many people, the process of choosing a financial advisor can be both overwhelming and intimidating. There are hundreds of options available, and you’re trusting someone to manage not just your financial investments—but...

 

Wednesday, April 18, 2018

In 1996 Stanley and William Danko authored the book "The Millionaire Next Door: The Surprising Secrets of America's Wealthy." The book compared the behaviors of high income families that tended to live very affluent lifestyles,...

 

Wednesday, April 4, 2018

Each year Forbes Magazine creates a list of the Best-in-state Wealth Advisors. The 2018 list was released in February and I am very pleased and honored to say that I and the team at Impel Wealth Management were honored to be included...

 

Thursday, March 22, 2018

Today, many more young people are graduating college, moving into the workforce and having a harder time of obtaining the American dream of owning a home. The simple reason for this is that the amount of student loan debt they carry...

 

Tuesday, March 6, 2018

There is significant and increasing pressure on parents and even grandparents to try to help their children and grandchildren deal with the rising cost of financing their college education. Oftentimes, clients are torn between helping...

 

Thursday, February 22, 2018

I oftentimes get questions from clients about the issues surrounding the annual budget deficit, the U.S. debt, the shortfall in Social Security, and what this means to the future of the United States. A recent research paper and...

 

Tuesday, February 13, 2018

When planning for retirement, many people target specific age and income goals. However, a new research paper from the National Bureau of Economic Researchentitled "The Power of Working Longer" states that people should approach...

 

Tuesday, January 30, 2018

Many of our clients, as they create their estate plans, execute a number of documents including wills, trusts, a durable power of attorney for legal and financial issues, a medical or healthcare power of attorney, as well as a HIPAA...

 

Tuesday, January 23, 2018

In the first part of our discussion about increased life expectancy, we discussed how healthcare advancements are leading to people living longer lives. Today we want to discuss what that phenomenon means to clients trying to plan for...

 

Tuesday, January 16, 2018

Historical data from the Center for Disease Control shows that between 1950 and 2010, a period of just 60 years, life expectancy in the United States increased by approximately five years, 4.9 years for males and 4.3 years for females....

 

Tuesday, December 5, 2017

As was widely expected, the Centers for Medicare and Medicaid Services announced that the 2018 Medicare Part B premiums will increase for most Medicare enrollees from $109 per month to $134 per month, an increase of 23%. It will be the...

 

Wednesday, November 15, 2017

The Social Security administration recently announced that Social Security benefits for nearly 66 million Americans will increase by 2.0% in 2018, representing the largest increase in retirement benefits since 2012. The last several...

 

Tuesday, November 7, 2017

With markets sitting near all-time highs, many people are nervous about investing new money in the markets these days. It has been a number of years since we had had a significant pull back. The pull backs that we did have more...

 

Monday, October 23, 2017

Previously, we have twice discussed some unique facts about the Millennial Generation, who were born between 1980 and year 2000. We have talked about the fact that that they represent the largest generation in history, beating out the...

 

Thursday, October 19, 2017

In early July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The trust funds are projected to become depleted in 2034, the same as they were...

 

Tuesday, September 26, 2017

We have not heard much about inflation recently, as it has been very subdued over the last 15 to 20 years. However, a recent study sponsored by Allianz Life of 1,213 US adults in July of 2017 noted that inflation is still a top concern...

 

Thursday, September 14, 2017

One of the questions I get on a very regular basis from clients is "How much money do I need to be able to retire successfully?". This is a very individualized and personal question, as it is significantly correlated to how much money...

 

Wednesday, September 6, 2017

In a previous blog, we explained the size and impact of the Millennial generation, the children and/or grandchildren of most of our clients. Many people have been impacted by the Baby Boomer generation over the last 50 years, since...

 

Tuesday, August 29, 2017

In 1997, I was one of three founding partners of a new financial planning and investment advisory firm. When we formed Millennial Group, the name was born out of all the discussion, excitement, and anticipation about the turn of the...

 

Wednesday, August 23, 2017

In 1994, I was meeting with a couple, and the husband had recently been offered an early retirement buy out from a local company here in Akron. At 57 years old, he had less than 30 days to decide if he was going to retire and take the...

 

Monday, August 7, 2017

For many years, there have been two different standards of care and conduct within the financial planning and investment world. There has been a less stringent "suitability" standard that applies to registered representatives, such as...

 

Tuesday, August 1, 2017

A unique trend is starting to impact people who are retiring in the United States. Retirees who are worried about running out of money are starting to consider retiring abroad. Some overseas locations will allow retirees to live a...

 

Tuesday, August 1, 2017

Planning for retirement is a relatively recent phenomenon that only began in the 20th century. Prior to this, most people's life expectancies were short enough that they typically worked until they passed away. The idea of accumulating...

 

Monday, July 10, 2017

June 20th was a special day for Impel Wealth Management. After months of work rehabilitating a 100+ year old building on the corner of Broad Boulevard and 4th Street in Cuyahoga Falls, we were able to celebrate a ribbon cutting...