by Hans E. Scheil | Sep 10, 2020 | Assets
In retirement, you have to start living off the money you have saved for decades. Many times, this leads to people in or near retirement having extra money just sitting in savings, making very little in interest. While you don’t want to put this money anywhere risky,...
by Hans E. Scheil | Jul 30, 2020 | Assets, Life Insurance and Legacy
You likely have someone dependent on your income to live. While this is usually a spouse, it can also be an adult child, grandchild, or anyone else who relies on you for support. When you die, they are going to need something to replace your income, even if you are...
by Hans E. Scheil | Jun 5, 2020 | Assets
Risk is inherent in investing. When young, most people are able to be more risky. Once reaching retirement age, many are unaware of what types of risks they are taking, and which risks they should stop taking. Retirement begins living off your savings, but as you...
by Hans E. Scheil | Mar 26, 2020 | Assets
Risk and reward go hand in hand. Many people focus on the reward that can come from investing and lose focus when it comes to the chance of loss. All investments involve some degree of risk. It is important to understand the level of risk you are willing to take on,...
by Hans E. Scheil | Feb 24, 2020 | Assets
The number one worry for most retirees is outliving their money. When worried, people make poor decisions. Having a plan in place before you retire, or even 10 years into retirement, will give you peace of mind. Take a look at where your income streams will be coming...
by Hannah Estes | Sep 6, 2019 | Assets
The economy has been booming for the past several years. We’ve enjoyed a period of financial ease as a country. However, the more the economy expands, the more people anxiously wait for its decline. Economist after economist speculate about when the next recession...
by Hans E. Scheil | Apr 13, 2018 | Assets, Income Taxes
There are so many scams targeting the elderly, one of the most recent being the grandparents scams. This scam involves being called by someone posing as the grandchild of the victim and requesting money. In 2015, the FTC received over 10,000 family or friend imposter...
by Hans E. Scheil | Dec 27, 2017 | Assets
IRAs, or Individual Retirement Accounts, are a common way to save for retirement. They are a great tool to put away money for your later years. There are a few different options when it comes to IRAs, traditional or Roth, and there are strategic ways to use the...
by Hans E. Scheil | Aug 18, 2017 | Assets
While most people understand the importance of life insurance, many do not understand the importance of annuities. As life insurance protects your family from early death, annuities are a form of insurance that protects you from living too long. Annuities are a...
