Investment Center Advisor Group - Sandra K. King, CRC®

Blog

Stay the Course

2021 is under way, as our nation and the rest of the world look to begin to put the global pandemic behind us. The path forward for the US economy, as well as that of the global economy, will continue to depend heavily on the success of combatting the virus.
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New Year’s Resolution: Manage Your Debt

Most Americans are probably happy to bid good riddance to 2020, a year marked by the COVID-19 pandemic, lockdowns, political brawls, and challenging economic times. Many have had to take on debt to tide them over. If you're among them, or one of the many other Americans who pay an ever increasing portion of their paychecks to service debt, now may be the ideal time to reassess your finances and take steps to manage and reduce your debt.
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2021 Brings a Fresh Start

A new year offers a welcomed turn of the calendar and a fresh start. However, it's difficult to put 2020 completely behind us just yet because the COVID-19 pandemic still presents a significant threat. Healthcare workers continue to perform heroically, while the rest of us must continue to make sacrifices until vaccines are widely distributed.
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Paying for College in the Era of COVID-19

This semester, millions of students, teachers, and college administrators are having to deal with a radically changed landscape. At many institutions, classes have been cancelled or moved online. Sports programs have been suspended and dormitories, libraries, and labs shuttered. In fact, traditional campus life has been turned upside down thanks to COVID-19, and it's unclear how long it will last. Meanwhile, the cost of a college education is higher than ever.
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Should You Take an Early Retirement?

The story is a common one these days. You have been furloughed or laid off, just a few years before you plan to retire. Or, your work-from-home arrangement is ending, and you're not keen on resuming the commute or going back to a crowded workspace. So why not retire now, since fate has presented the opportunity? Many 50- and 60-somethings are asking themselves this very question.
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Your Estate Plan: Time for a Checkup

COVID 19 has brought tragedy to many families and businesses and impacted personal finances. It has also rendered many an estate plan inaccurate and unrepresentative of current circumstances. If you, your family or your beneficiaries have been affected by the virus, you may need to review and make changes to your plan.
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Positive Territory

The battle versus COVID-19 continues. The spread in some of the recent hotspots like California and Florida is slowing, while states in the Northeast and Midwest are now experiencing increases in cases. According to the World Health Organization, 27 vaccines are in human trials, and the chances of an approved vaccine by late this year or early next year are quite high.
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Midyear Outlook 2020: The Trail to Recovery

LPL Financial Research is looking ahead for new ways to face current challenges and prepare for better times. Use our Midyear Outlook 2020 to chart a path to eventual economic and market recovery. Plus, learn how stocks may predict the next president!
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Think Twice Before Tapping into Your Retirement Savings

New legislation -- the CARES Act -- permits qualified individuals to take early distributions from their retirement assets, such as their 401(k) or individual retirement account (IRA) -- penalty free. The rules, which sunset after 2020, are designed to help the many cash-strapped Americans who have suffered financially as a result of the coronavirus epidemic. But tapping into your retirement savings has its costs, and there may be better ways to shore up your short-term cash flow.
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Deciding When to Start Taking a Pension

Most businesses today do not offer a pension plan. But pensions are still a common benefit for teachers, federal employees, and others who work in the public sector. Many grandfathered private-sector plans also still exist.
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Impact of the SECURE Act

As you may know, the SECURE Act was signed into law on December 20, 2019. This landmark piece of retirement legislation could have an impact on decisions you may want to make regarding your retirement savings strategy. Click below to access a one-page summary that highlights some of the key changes as well as some additional detail regarding the specific provisions.
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Should You Purchase Long-Term Care Insurance

According to the U.S. Department of Health and Human Services, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years. Whether you or your spouse will require long-term care is difficult to predict. But it is wise to consider long-term care insurance and whether it may be a good idea for you.
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How Much Social Security Can You Expect?

One of the first steps in planning for retirement is to get an accurate read on just how much income you can expect to receive from Social Security. The exact amount of your Social Security benefit will depend upon your earnings history and retirement timing. Although Social Security provides only about a third of a typical retiree's income, it often serves as the foundation for calculating how much other income you'll need and how much you'll need to save.
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Recognizing & Avoiding Online Social Security Scams

Identity theft affects millions of Americans each year, and Social Security numbers are the skeleton key. And what better way to get someone's Social Security number than by pretending to be from Social Security.
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