How long do you think you will live?

How long do you think you will live? Your answer will have major implications regarding Social Security benefits, when you retire and your portfolio withdrawal strategies during retirement. According to the JP Morgan Guide to Retirement, choosing to take your Social Security benefits at age 70 instead of age 62 can give you a 54% higher benefit (assuming you were born in 1960 or later).

Financial Forum April 2019

Market Commentary – A Strong Start to the Year, but Risks Remain

After suffering their worst December since the Great Depression, stocks had their best first quarter in ten years primarily due to the Federal Reserve halting interest rate increases and improving U.S-China trade relations. Perhaps the most impactful event of Q1 was the Fed

What's Estate Planning and How Do I Do It?

Let’s get to the point 

What is an estate? Essentially, everything you own. 

So, what’s estate planning? Essentially, controlling where all those things go after you pass away. Instructions on where/ to whom your possessions will be going. But, it’s also so much more than that. 

Health Insurance in Retirement

At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There's also a chance that your health will decline as you grow older, increasing your need for costly prescription drugs or medical treatments.

5 Things to Teach Your Kids About Finances

If you’ve spent more than five minutes on a kid’s television network, you’ve seen just how inundated young kids are with commercials for everything from the latest gadget, to some dreadful snack that features something gooey and/or messy. It’s also safe to bet that many of these kids run to their parents, wanting to buy some or all of these items.

Have a Long Term goal? Financial Planning can Help You get you there

A financial goal is a life destination which requires a map and a way to get there; and, assuming you have finite resources with which to successfully make the trek, they need to be used wisely or you are likely to come up short. If you have a long term goal, financial planning can help you get there.

Credit Cards versus Debit Cards

Most consumers typically have both a credit card and a debit card. Of course, the biggest difference between the two is that a debit card will immediately take money out of your bank account when used, unlike a credit card, which will pay for the purchase and later add the amount of the transaction to your monthly statement.

But are there any other differences between the two?

Socially Responsible Investment

Socially responsible companies balance business concerns like revenue and profit with social concerns like the environment, community benefits, and sustainability. Likewise, socially responsible investing considers both financial return and social/environmental contribution to bring about a positive change.

How Long Do You Plan To Live?

February 27, 2019


Clients love when we talk about how long they are going to live. Don’t they? Probably a fair share would rather be having a root canal done than having this discussion. But it’s an important question.

What is a Backdoor Roth IRA?




Hey everybody,  O’Grady here.  Who wouldn’t want their money to grow and when the time comes to reap all the growth, pay no taxes.  That’s the beauty of the Roth IRA.  

It’s so beautiful and attractive that the IRS puts some caps on how much you can contribute and how much you’re allowed to make to even be allowed to contribute.   If you make too much money, you can’t make a direct contribution to a Roth.  But there is a work around.  We’ll dig into that just ahead.

You’re doing well, making good money, moving up in your career.  You know all about the benefits of a Roth IRA, but you’re shut out from making contributions because you’re making too much money.  

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