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Brower Financial Group Articles

An Estate Planning Checklist

Posted by Brower Financial Group on Jun 5, 2017 5:04:45 PM

What to check (and double-check).

Provided by Brower Financial Group

Create a will if you do not yet have one.

A valid will may save your heirs from some expensive headaches linked to probate and ambiguity. A solid will drafted with the guidance of an estate planning attorney will likely cost you a bit more than a “will-in-a-box,” but may prove worth the expense.

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Topics: Insider, Millennial Investing, Retirement Planning

Ponte Vedra Financial Planner | Weekly Economic Update  - May 30, 2017

Posted by Brower Financial Group on May 30, 2017 1:50:27 PM

WEEKLY TIP

Some of the financial choices you make in the years just before and after your retirement may be unalterable. In recognition of that, an objective review of your retirement plan is a must as you approach your sixties.

CONSUMER SENTIMENT DECLINES JUST A BIT

Ending May at a mark of 97.1, the University of Michigan’s consumer sentiment index fell 0.6 points from its preliminary reading for the month. Economists polled by MarketWatch had forecast the gauge to remain at 97.7.1

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - May 15, 2017

Posted by Brower Financial Group on May 17, 2017 9:49:16 AM

WEEKLY TIP

Your retirement may last 20 years or longer. So, while you might want to invest more conservatively with age, you may not want to abandon equity investments that give you the potential to grow your savings at a rate faster than inflation.

A SOLID RETAIL SALES READING

Americans bought more in April. The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain. Headline retail sales were up 4.5% across the 12 months ending in April. Core retail sales rose 0.3% in the fourth month of the year.1,2

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Topics: Weekly Economic Update

The Importance of Financial Literacy

Posted by Brower Financial Group on May 11, 2017 1:24:27 PM

"Too few Americans understand personal finance fundamentals."

Provided by Brower Financial Group

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Topics: Insider, Millennial Investing, Retirement Planning

Ponte Vedra Financial Planner | Weekly Economic Update  - May 2, 2017

Posted by Brower Financial Group on May 2, 2017 3:28:35 PM

WEEKLY TIP

Young adults who receive sudden wealth should realize the threats that could end up eroding it: their inexperience handling such large sums of money, their possibly inadequate financial literacy, and the pressure to overspend in our culture. For these reasons, they should chat with a financial professional.

CONSUMER CONFIDENCE DIPS SLIGHTLY

The University of Michigan and Conference Board consumer confidence indices descended a little last month, but remained in great shape. The CB index displayed an April reading of 120.6, down from 124.9 in March. Slipping a point from its initial April mark, the Michigan barometer fell to 97.0.1

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Topics: Weekly Economic Update

The Value of Coordination in Financial Planning

Posted by Brower Financial Group on Apr 24, 2017 9:22:34 AM

Here is a quick video regarding our process, and the importance of a comprehensive coordination tool.

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Topics: Retirement Planning

Ponte Vedra Financial Planner | Weekly Economic Update  - April 10, 2017

Posted by Brower Financial Group on Apr 11, 2017 9:14:54 AM

WEEKLY TIP

Anyone who wants to avoid or lower probate costs and simplify distribution of their assets after their death would be wise to consider a revocable living trust. These trusts can be modified during the grantor’s lifetime.

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - April 4, 2017

Posted by Brower Financial Group on Apr 5, 2017 8:24:04 AM

WEEKLY TIP

When financing a new car purchase, try applying for a loan before you shop for a vehicle. Preapproval gives you negotiating strength – you can challenge the dealership to beat the financing you have already lined up.

 

PERSONAL SPENDING SLOWS

Consumers apparently chose saving over spending in the second month of the year. Last week, a Department of Commerce report noted only a 0.1% gain for personal spending in February. That happened even with personal incomes rising 0.4%, nearly matching the 0.5% January advance. In other news concerning personal spending, the Bureau of Economic Analysis raised its estimate of fourth-quarter GDP to a final reading of 2.1% from the previous 1.9%.1 

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Topics: Weekly Economic Update

Using an IRA Trust

Posted by Brower Financial Group on Mar 23, 2017 12:35:58 PM

 

What is it? What kind of benefit could it provide?

 

Provided by Brower Financial Group

Seemingly everyone has heard of an IRA, but few people know about IRA trusts. Perhaps more people should, for an IRA trust may provide a way to “stretch” IRA assets for decades to benefit multiple generations.

An IRA trust is simply a revocable living trust designed to hold IRA assets.

It will continue to house them after your death, but that will not prevent you from distributing those assets to your heirs. This is because an IRA trust also contains one or more sub-trusts, which can be designated and customized for your beneficiaries.1

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Topics: Retirement Planning

Ponte Vedra Financial Planner | Weekly Economic Update  - Mar 20, 2017

Posted by Brower Financial Group on Mar 21, 2017 5:33:57 AM

WEEKLY TIP

Does your will or estate plan take your pets into account? If you have no heirs, or if no heirs or family members want the responsibility of caring for them if you die, provisions should be made on their behalf

FED HIKES, LEAVES 2017 FORECAST UNCHANGED

As expected, the Federal Reserve raised the target range for the federal funds rate by a quarter-point last week to 0.75-1.00%. “The simple message is, the economy is doing well,” Fed chair Janet Yellen explained to the media following the move. The central bank’s dot-plot table still projects two more rate increases during the balance of 2017, with three rate hikes envisioned for both 2018 and 2019.1

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Topics: Weekly Economic Update