Garrett Capital Blog

Friday, November 17, 2017

Our increased longevity poses a retirement planning challenge. Some of us may retire at 65 and live to 100 or 105. Advances in health care may make this a strong possibility. The corresponding question is: will we outlive our money?...

 

Monday, October 9, 2017

An option that may help your retirement efforts. How should your 401(k) be invested? While some investors manage their 401(k)s themselves, others may seek a different kind of “hands-on” approach: having their retirement...

 

Monday, October 2, 2017

Many plans need refining. Others need to avoid conflicts with Department of Labor rules. At times, running your business takes every ounce of energy you have. Whether you have a human resources officer at your company or not, creating...

 

Tuesday, September 12, 2017

Opioid abuse threatens to wreak havoc on family finances and retirement plans. Imagine your retirement dreams put on hold or compromised, your savings and investment accounts reduced, and your loved ones incommunicative or at odds with...

 

Tuesday, September 12, 2017

Have you been affected? If so, how can you try to protect yourself? On September 7, credit reporting agency Equifax dropped a consumer bombshell. It revealed that cybercriminals had gained access to the personal information of as many...

 

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Monday, August 28, 2017

How can you plan to protect yourself against this increasingly common crime? Debit card data theft has surged lately. According to FICO’s Card Alert Service, the number of businesses or ATM locations where debit cards were hacked...

 

Thursday, August 3, 2017

A summary of what you need to know. Key Medicare enrollment periods are approaching. This fall and winter, there are three periods in which Medicare beneficiaries can either enroll or disenroll in forms of coverage. >> Oct....

 

Thursday, August 3, 2017

A few things you may want to think about before filing for benefits. Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider...

 

Tuesday, July 11, 2017

How can you convey its importance and its meaning? Are you an owner of a thriving business or a medical or legal practice? Are you a highly paid executive? If you have children, at some point they may discern how wealthy you are...

 

Thursday, July 6, 2017

You may assume you will. That assumption could be a retirement planning risk. How long do you think you will work? Are you one of those baby boomers (or Gen Xers) who believes he or she can work past 65? Some pre-retirees are basing...

 

Monday, June 12, 2017

After many years together, some retired spouses may find their daily routines far apart. When you see online ads or TV commercials about retirement planning, do they ever show baby boomer couples arguing? No. After all, retirement...

 

Monday, June 5, 2017

It may not be what you think. How much will your family end up paying for college? Your household’s income may have less influence than you think – and some private colleges may be cheaper than you assume. Private schools...

 

Thursday, June 1, 2017

Today’s impulsive moves could breed tomorrow’s regrets. When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact – or not act at all when we should. Think of the...

 

Tuesday, May 16, 2017

Too few Americans understand personal finance fundamentals. If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for...

 

Tuesday, May 16, 2017

They are low, unless you show the I.R.S. some conspicuous “red flags” on your return. Fewer than 1% of Americans have their federal taxes audited. The percentage has declined recently due to Internal Revenue Service budget...

 

Tuesday, May 16, 2017

Bonds to DOWN When Interest Rates Rise The clear majority of financial advisors are woefully unprepared for an environment of rising interest rates. Trying to control risk by allocating to static bond allocations could have horrific...

 

Monday, April 17, 2017

One day, this bull market will end. In the first quarter of 2017, the bull market seemed unstoppable. The Dow Jones Industrial Average soared past 20,000 and closed at all-time highs on 12 consecutive trading days. The Nasdaq...

 

Sunday, April 9, 2017

April 4, 2017 Dear Investors & Friends, It is probably a good time to evaluate any REITs in your portfolio. The run-up in real estate prices since the bottom of the financial crisis has been wonderful; however, Real Estate Investment...

 

Saturday, March 18, 2017

Some solopreneurs think they will “work forever,” but that perception may be flawed. About 20% of Americans aged 65-74 are still working. A 2016 Pew Research Center study put the precise figure at 18.8%, and Pew estimates...

 

Tuesday, March 14, 2017

Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from. Parts A & B: Original...

 

Tuesday, March 14, 2017

Will it apply to your retirement savings distribution? If you receive a distribution from your IRA or workplace retirement plan, what will you do with it? You will probably want to arrange an IRA rollover – a common and useful...

 

Wednesday, March 1, 2017

If an investor chooses a non-human financial advisor, what price could they end up paying? Investors have a choice today that they did not have a decade ago. They can seek investing and retirement planning guidance from a human...

 

Monday, February 13, 2017

The Fiduciary Standard Recent news coverage of the Department of Labor’s efforts to institute “The Fiduciary Rule” on the securities industry, and President Trump's resistance to many of the new regulations, prompts...

 

Thursday, February 9, 2017

What are the keys in planning to grow wealthy together? When you marry your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially....

 

Wednesday, February 8, 2017

Information presented here is for informational purpose only and is not intended to be investment or tax advice. Readers should contact their qualified tax professional regarding any questions or before taking any action based on...

 

Saturday, February 4, 2017

President Trump orders a reevaluation of its regulations. Major legislative changes may soon impact the financial industry. On February 3, President Donald Trump signed two executive orders authorizing reviews of some key industry...

 

Monday, January 30, 2017

Take a moment to see if you are adequately protected. Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is...

 

Saturday, January 7, 2017

$1.1 billion has been garnished from retirement benefits to pay back old student loans. Do you have a federal student loan that needs to be repaid? You may be surprised at what the government might do to collect that money someday if...

 

Monday, January 2, 2017

A way to “sweeten the pot” and retain executives and managers. To retain key employees, make their jobs too good to leave. Arrange “golden handcuffs” agreements with key managers to reward loyalty and promote...

 

Wednesday, December 28, 2016

This retirement plan allows teachers & employees of non-profits to invest for their futures. Does your spouse contribute to a 401(k)? You are probably eligible for a retirement plan that can help you save and invest First offered in...

 

Wednesday, December 28, 2016

Is this age group preparing adequately for the future? How would you guess Gen X is faring when it comes to retirement saving? Americans born between 1965 and 1980 are approaching what should be their peak income years, and many of...

 

Tuesday, December 6, 2016

Simple decisions & new habits might lead you toward a better financial future. In life, there are times when simple decisions can have a profound impact. The same holds true when it comes to personal finance. Here are some simple...

 

Tuesday, November 29, 2016

One study says yes. Two major factors may be influencing the trend. Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading...

 

Monday, November 21, 2016

Things you can do before & for 2017. What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific...

 

Monday, November 21, 2016

Here are some things you might want to do before saying goodbye to 2016. What has changed for you in 2016? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your...

 

Wednesday, November 16, 2016

Minor inflation means small, but notable, changes for the new year. Each October, the Internal Revenue Service announces changes to annual contribution limits for IRAs and workplace retirement plans. Are any of these limits rising for...

 

Wednesday, November 16, 2016

The basic rule is simple. If you own one or more traditional IRAs, those mandatory IRA withdrawals have to start after age 70½. They have to occur every year. (Owners of Roth IRAs never have to make mandatory withdrawals from...

 

Wednesday, November 2, 2016

Without such strategies, they can risk going through their savings too fast. Every day, articles appear urging people to save for retirement. These articles are so prevalent that it may seem like retirement planning is entirely about...

 

Wednesday, November 2, 2016

The Labor Department has issued new rules for tax-advantaged retirement accounts. Potentially, they affect anyone who has an IRA or a 401(k) account. They also impact IRA rollovers, and any investment recommendations that may be made...

 

Wednesday, October 19, 2016

Should America consider this radical economic stimulus tactic? Imagine cash falling from the sky into the hands of grateful consumers. Fleets of helicopters hover over cities, dispensing massive flurries of $100 bills. Everyone gets...

 

Thursday, October 13, 2016

I picked it up from John Mauldin's "Outside the Box." It is a bit esoteric but one we should all read. It's short and we highly recommend it. Desperate Central Bankers Dave

 

Tuesday, October 11, 2016

Dispelling some misperceptions about the program. Some myths & misperceptions keep circulating about Social Security. These are worth dispelling, as more and more baby boomers are becoming eligible for their retirement benefits. Myth...

 

Tuesday, October 11, 2016

If you want to change your Medicare coverage, now is the time to do it. Medicare’s annual Open Enrollment Period begins October 15 and lasts through December 7.1 During the Open Enrollment Period, you can choose to: *Switch from...

 

Sunday, October 2, 2016

The bank’s fake accounts come to light. Since the start of this decade, Wells Fargo employees have created millions of fake bank and credit card accounts to meet their sales goals. While those deemed at fault are being punished,...

 

Tuesday, September 20, 2016

The habits and values of wealthy Americans. Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying affluent and high net worth investors, it has more than ever before. In 2015...

 

Tuesday, September 13, 2016

How political parties affect the markets and the economy Now that the two major political parties have finally selected their candidates, it’s time for investors to ask the important questions. Namely, does the party occupying...

 

Friday, September 9, 2016

A look at the two plans & the effects they might have over the next decade. Hillary Clinton & Donald Trump have big plans for America. How might their proposed federal budgets impact the federal deficit and the national debt? Any...

 

Monday, September 5, 2016

If so, how can they plan to meet those challenges? A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization...

 

Saturday, August 27, 2016

Will volatility seize Wall Street? Or will calm prevail? Wall Street has had a rather calm summer. How about fall? Will volatility increase before and after Election Day? So far, the market is performing roughly in line with historical...

 

Tuesday, August 23, 2016

How do they differ? Seemingly every presidential candidate offers a plan for tax reform. You can add Donald Trump and Hillary Clinton to that long list. Here is a look at their plans, and the key reforms to federal tax law that might...

 

Tuesday, August 16, 2016

The answer depends on your income. Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since...

 

Wednesday, August 10, 2016

Disparity of income has been a preponderate subject for politicians and activist groups for sometime, yet in the end it’s those that earn the higher incomes that pay for the majority of taxes. An estimated 77.5 million Americans,...

 

Saturday, August 6, 2016

Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from. Parts A & B: Original...

 

Tuesday, August 2, 2016

They may affect our attempts to build wealth. Provided by Dave Garrett Picture an 18-wheeler, its 4,000-cubic-foot cargo trailer filled to capacity with stacks of $100 bills. The driver shuts and locks the trailer, closing the door on...

 

Monday, July 25, 2016

Working a little (or a lot) after 60 may become the norm. Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American...

 

Friday, July 22, 2016

How many households have the right outlook to build wealth? Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a...

 

Tuesday, July 19, 2016

How to help your family avoid scams and other fraud. We are becoming more familiar with the notion of financial abuse targeting elders – scams and other exploitation targeting the savings of people aged 60 and older – but...

 

Thursday, July 14, 2016

A huge shift is underway, with the client in mind. A wave of change is transforming the financial services profession. The shift has been gradual, but noticeable. Increasingly, financial professionals are choosing to be compensated,...

 

Tuesday, July 12, 2016

You must avoid it. Think about tomorrow, not just today. Provided by Garrett Capital Investment Management No woman wants to end up a “bag lady” – impoverished, out of options, left to fend for herself on the streets....

 

Monday, July 11, 2016

Some early financial behaviors that may promote a comfortable future. Provided by Garrett Capital Investment Management You know you should start saving for retirement before you turn 40. What can you start doing today to make that...

 

Tuesday, June 28, 2016

Wall Street has rebounded so many times, so quickly. Provided by Garrett Capital, Inc. Uncertainty is the hobgoblin of financial markets. Right now, investors are contending with it daily as the European Union contends with the United...

 

Saturday, June 25, 2016

The United Kingdom’s decision to leave the European Union rattled equities markets and currency markets Friday. What should an investor do in its wake? Perhaps nothing at all. The Brexit is definitely momentous. It represents a...

 

Monday, June 20, 2016

INFLATION CONTINUES TO FIRM According to the Bureau of Labor Statistics, consumer prices rose 0.2% in May while producer prices advanced 0.4%. While a drop in food prices tempered the gain in the Consumer Price Index, the core CPI...

 

Saturday, June 18, 2016

Dear Investors, Investors worldwide are concerned about the possibility of a “Brexit”: the potential exit of “Britain” (to be precise, the United Kingdom) from the European Union. A Brexit would represent a...