Debunking Common Retirement Assumptions
Submitted by Shoemaker Financial on February 12th, 2020Financial generalizations are as old as time. Some have been around for decades, while others have only recently joined their ranks. Let’s examine a few.
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Leaving Your Family a Legacy
Submitted by Shoemaker Financial on January 9th, 2020A family legacy can have multiple aspects. It can include much more than heirlooms. It may also include guidance on what to do with the gifts that are given.
What are your “legacy” assets? Financially speaking, a legacy asset is something that may outlast you, something that might produce income or wealth for your descendants.
What if You Get Audited?
Submitted by Shoemaker Financial on January 2nd, 2020“Audit” is a word that can strike fear into the hearts of taxpayers.
However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the most recent statistics available, show the IRS audited 0.5% of all individual tax returns.1
Cash Flow Management
Submitted by Shoemaker Financial on December 9th, 2019You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today.
Making Sense of a Home Warranty
Submitted by Shoemaker Financial on November 26th, 2019As a consumer, when you purchase an expensive item, like a car or refrigerator, you expect to receive a warranty that the manufacturer will repair or replace that product if it breaks down.
A warranty makes sense for big-ticket purchases, but what about for a home?
Insurance Needs for Empty Nesters and Retirees
Submitted by Shoemaker Financial on November 14th, 2019With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you lay the groundwork for retirement. During this final leg to retirement – and throughout your retirement period – wealth protection is critical.
Spotting Credit Trouble
Submitted by Shoemaker Financial on November 8th, 2019Americans aged 45 to 54, who have credit card balances, carry an average debt of $9,096 per individual.1
The wise use of credit is a critical skill in today’s world. Used unwisely, however, credit can rapidly turn from a useful tool to a crippling burden. There are a number of warning signs that you may be approaching credit problems:
Types of Stock Market Analysis
Submitted by Shoemaker Financial on November 1st, 2019The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a closer look at each.
Fundamental Analysis. The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected in its current stock price.
Rebalancing Your Portfolio
Submitted by Shoemaker Financial on October 23rd, 2019Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach?
Raising Healthy Children
Submitted by Shoemaker Financial on October 16th, 2019One of the greatest legacies any parent can give a child is a framework for living an enduring, healthy lifestyle.
It is hard to underestimate the power that parents have on their children’s development, which is why parenting is such a profound responsibility.
