Financial fraud is one of the fastest-growing threats facing senior citizens today - and it’s happening every day across North Carolina. The good news? Knowledge really is power. By understanding how scams work and knowing where to turn for help, seniors can protect not only their hard-earned savings, but also their health and peace of mind. [...]
If you’re retired and thinking about buying a new home, you might assume that a lower monthly income could hold you back. But here’s some good news — your savings, retirement accounts, and investment funds might help you qualify, even if your income is modest. [...]
The start of a new year gives many people motivation to take a fresh look at their finances and focus on their goals for the future - but, as the year progresses, this enthusiasm can fall to the wayside. If you’re someone who falls into this trap, there are steps you can take to stay motivated and set attainable goes for 2021 and beyond. [...]
As Americans have increasingly turned to digital devices and online shopping as a result of the pandemic, there has been an unfortunate rise in identity theft and fraud as scammers attempt to exploit the situation. Alarmingly, 10% of US adults report being a victim of identity theft since the onset of the COVID-19. [...]
In these challenging economic times, many worthwhile charitable organizations find themselves in a precarious financial position. Meanwhile, they are experiencing unprecedented demand, especially those charities who provide basic needs like food and shelter. Thankfully, new, unique provisions in the tax code have been implemented in response to the COVID-19 [...]
Retirement is an important milestone that often comes after years (or decades) of careful planning. But even the most seasoned planners couldn’t have foreseen the severe market selloff that happened in March in reaction to the COVID-19 pandemic. The abrupt end to the 10-year bull market surprised investors [...]
This is a most unusual summer. I believe we would all agree that many of our normal and usual concerns have been replaced by new concerns and maybe even new interests. Financial concerns may not be too different than in our pre-COVID days, but let’s review a few perennially and currently impactful ways in which we can “Cope with COVID.” [...]
Prepare now and review regularly to stay on the right track for the retirement lifestyle you want. • DO know your sources of income: Social Security net deposit, Pension income (if you are lucky enough to have one) and any Deferred Compensation or Annuity income. Now list your other sources of supplementary income [...]
Preparing for a Great Transition from one generation to the next has been on our minds recently. We realize the challenges of the several aspects of this Great Transition: healthcare, custodial or long term care, housing for the aging generation, and the need for resources by the younger generation who [...]
The dream scenario for many retirees is to have a second place to call home. It may be a house or condominium in a warmer climate that allows you to escape the cold winters, a retreat at a lake or resort location where you can spend extended periods of time, [...]
