ACTION POINT

KNOW WHAT YOUR SPECIFIC SOCIAL SECURITY BENEFITS ARE

August 9, 2019
KNOW WHAT YOUR SPECIFIC SOCIAL SECURITY BENEFITS ARE

  • They are valuable
  • Your individual circumstances matter
  • Some Benefits Expiring:
  • – If you were born on or before January 1, 1954, you can claim spousal benefits if you are married or an eligible divorced spouse
  • – If you are a widow or widower you are entitled to survivor benefits
  • – Might be eligible even if divorced
  • – Go to ssa.gov for information on your individual circumstances
  • – Read Mary Beth Franklin’s annually updated ebook Maximizing Social Security Retirement Benefits

Watch the related WEALTHTRACK episode.

PUT A PORTION OF YOUR PORTFOLIO WITH INDEPENDENT THINKERS WHO CAN ACT ON THEIR ANALYSIS

August 4, 2019
PUT A PORTION OF YOUR PORTFOLIO WITH INDEPENDENT THINKERS WHO CAN ACT ON THEIR ANALYSIS

Watch the related WEALTHTRACK episode.

LOOK FOR FIRMS WHERE MANAGERS INVEST CONSIDERABLE SUMS ALONGSIDE SHAREHOLDERS

July 5, 2019
LOOK FOR FIRMS WHERE MANAGERS INVEST CONSIDERABLE SUMS ALONGSIDE SHAREHOLDERS

  • How much money portfolio managers have invested in their own funds is a key criteria used to judge funds
  • Significant “skin in the game” is seen as important indicator of management commitment & responsibility
  • SEC requires disclosure of managers’ investments in funds they manage

Information available:

  • – Mutual fund’s Statement of Additional Information in prospectus
  • – SEC’s electronic data gathering, analysis, and retrieval database (EDGAR)

Watch the related WEALTHTRACK episode.

PAY ATTENTION TO THE CULTURE OF THE PEOPLE AND FIRMS YOU INVEST WITH

June 29, 2019
PAY ATTENTION TO THE CULTURE OF THE PEOPLE AND
FIRMS YOU INVEST WITH

  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)
  • Certified Investment Management Associate (CIMA)

Does the advisor:

  • Understand & agree with your objectives?
  • Pay attention to your comfort levels?
  • Have a realistic & workable plan to achieve your goals?
  • Have the same values & priorities?
  • Emphasize long-term outcomes & investments?

Watch the related WEALTHTRACK episode.

NEVER RISK GETTING CAUGHT SHORT OF CASH

June 21, 2019
NEVER RISK GETTING CAUGHT SHORT OF CASH

  • Cash is king when you need it
  • Have a stash on hand to meet emergencies & opportunities

Watch the related WEALTHTRACK episode.

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