Fee Only Financial Advisors
by Robert Seal
Image used under license from Freestock.com When asked what to watch out for when it comes to investing, clients may expect us to tell them about a specific stock to avoid, or something similar. But our answer is often far different. One of the biggest things you may want to watch out for is actually the financial media. [...]
Do you have a child or grandchild earning some income? Indirectly, that after-school or summer job might present a savings opportunity for that teenager. You could help your child or grandchild save for future goals by assisting them to create and fund a Roth IRA. So many people wish they had begun saving for retirement […]
Does your high income stop you from contributing to a Roth IRA? It does not necessarily prohibit you from having one. You may be able to create a backdoor Roth IRA and give yourself the potential for a tax-free income stream in retirement. The Backdoor Roth IRA, a move that high earners can make in […]
For many people subscribing to satellite services or cable television over the last couple of decades, the business model has been “bundling services” like television, Internet and phone together for a single rate. However, in this system, many customers are paying for TV channels that they never watch or for a landline that they rarely use. With the increased popularity of “cutting the cord” to cable and satellite TV in order to watch TV series and films on Over-The-Top (OTT) content devices, there have been calls, even from Washington, for a “pay for what you watch” or “a la carte” approach. Continue Reading …
As Americans get older and the stock market goes through a periodic decline, the temptation to decrease risk over fears of running out of money makes people turn to annuities, according to the recent New York Times article entitled “Annuities as an Alternative to Shaky Markets? Not So Fast.” Single Premium Immediate Annuities (SPIA) are an especially enticing option as Americans near retirement, because by paying an upfront premium, persons can draw a payment periodically for the rest of their lives. Continue Reading …
As you probably saw last week, global stock markets dropped sharply in value. There are a number of factors contributing to these recent declines including expectations of higher interest rates, falling oil prices and an economic slowdown in China.
As our focus is on the long-term, we welcome periods of sharp market declines as falling prices often produce for our clients buying opportunities with less risk. Also, periods of sharp market declines are historically normal and to be expected when investing in the stock market. Continue Reading …
USA Today recently published an interesting article titled “How bad are Wall Street forecasts? Really bad.” The article reviews why you are probably better off ignoring financial advisors who try to predict the market. Not only is their combined track record horrible over time, you may get better results by simply tossing a coin – […]
Changes in interest rates have a disproportionate effect on your portfolio. Lower interest rates can help boost corporate earnings, and as earnings increase, market prices often do too. This is a key reason why stocks frequently increase in value as interest rates fall. Another reason is that lower interest rates drive investors to seek higher […]
Research released last month is turning conventional investing wisdom on its head. At a top investment conference, researchers demonstrated that a number of widely held beliefs about stocks simply have not held up over time. Here’s what they found: Low volatility stocks outperform volatile ones in the long run: Looking at forty years of data, […]
Exchange Traded Funds (ETFs) have been attracting more and more attention in recent months. CNN Money recently published a detailed article titled “ETFs: Why so complicated?” which discussed how ETFs can be used and abused. I strongly agree with the article’s primary point: The key to success with ETFs is careful management. It’s no mystery […]
The Goff Financial Group © is an independent, fee-only investment advisor registered with the U.S. Securities and Exchange Commission.
