Understanding Long-Term Care
Submitted by Shoemaker Financial on September 11th, 2019Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy.
Blogs
Should You Choose a Fixed or Variable?
Submitted by Shoemaker Financial on August 27th, 2019Buying a home is the single largest financial commitment most people ever make. And sorting through mortgages involves a lot of critical choices. One of these is choosing between a fixed- or variable-interest-rate mortgage.
A Bucket Plan to Go with Your Bucket List
Submitted by Shoemaker Financial on August 20th, 2019The baby boomers redefined everything they touched, from music to marriage to parenting and even what “old” means – 60 is the new 50! Longer, healthier living, however, can put greater stress on the sustainability of retirement assets.
Red Flags for Tax Auditors
Submitted by Shoemaker Financial on August 14th, 2019No one wants to see an Internal Revenue Service (IRS) auditor show up at their door. But in 2018, the IRS budget is roughly $1 billion less than it was 8 years ago, down from $12.1 billion in 2010 to $11.2 billion. And even though the number of audits has dropped 40 percent from 2010 to 2017, an IRS tax audit remains a fear for many individuals.1
Three Key Questions to Answer Before Taking Social Security
Submitted by Shoemaker Financial on August 8th, 2019Social Security may be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source.
Put it in a Letter
Submitted by Shoemaker Financial on July 29th, 2019Actor Lee Marvin once said, “As soon as people see my face on a movie screen, they [know] two things: first, I’m not going to get the girl, and second, I’ll get a cheap funeral before the picture is over.”
Getting a Head Start on College Savings
Submitted by Shoemaker Financial on July 22nd, 2019The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18.1 And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little one’s college education to cost as much as $198,000.2
A Decision Not Made is Still a Decision
Submitted by Shoemaker Financial on July 17th, 2019Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s financial future.
Let’s review some of the forms this takes.
Trends in Charitable Giving
Submitted by Shoemaker Financial on July 5th, 2019According to Giving USA 2018, Americans gave an estimated $410.02 billion to charity in 2017. That’s the first time that the amount has totaled more that $400 billion in the history of the report.
Americans give to charity for two main reasons: to support a cause or organization they care about or to leave a legacy through their support.
Where Will Your Retirement Money Come From?
Submitted by Shoemaker Financial on June 27th, 2019For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources:
