Bright Blog

Bright Blog

Check out what Brightworth advisors and planners have to say about wisely managing your financial future.

 

Christopher ON Fri, 04/05/2019 - 12:29

In my work, I’m increasingly discussing with Baby Boomers how to pay for any long-term health needs they may incur in the future. For some, purchasing a hybrid long-term care policy is often a good solution.

Many of my clients in their 60s and 70s have seen firsthand the costly nature of long-term care as they deal with the needs of their own aging parents. For people with limited assets, a diagnosis requiring long-term care may cause significant financial hardship. In their cases, a traditional long-term care insurance policy will help cover their costs.

Josh Monroe ON Fri, 04/05/2019 - 12:21

What did your parents teach you about money growing up? Was money an open conversation in your family or a taboo topic? Regardless of their intentions, each of our parents taught us something about money. Here are some tips for how to purposefully teach your young children about money and make it fun!

From the time that our daughter was two-years old, my wife and I have been talking with her about money. There are several things we want her to know about money at her early age, but one of the first things we wanted her to understand is that money is earned.

Michael R. DeWitt ON Wed, 03/06/2019 - 16:01

Now that the U.S. stock market has recaptured most of its losses from 2018’s fourth quarter, many investors are breathing a sigh of relief. From its lows on December 24, the Standard & Poor’s 500 Index jumped 18 percent through the end of February. The index is now within striking distance of a record high.

Patricia D. Sklar ON Tue, 02/26/2019 - 12:41

I hate this cliché, but it kind of fits…Rome wasn’t built in a day. Your goals don’t have to be accomplished in day, or even a year. The important thing is to set goals, make progress and keep at it. Doing nothing will not produce results. As Mark Twain famously said, “The secret of getting ahead is getting started.”

Don Wilson ON Tue, 02/26/2019 - 11:51

It’s been 10 years since the last bear market, commonly defined as a sustained decline of 20 percent or more. We experienced a significant correction late last year, with stock dropping almost, but not quite 20 percent. Equity prices have since staged an impressive recovery so far this year. While we don’t know if the next bear market is right around the corner or a long time away, to successfully navigate the next one and keep their investment strategy intact, investors need to know three things...

The Brightworth Team ON Tue, 02/26/2019 - 11:33

Investors know stocks often stumble during economic recessions, so it’s no surprise we are frequently asked if a US recession is likely in 2019. The good news is that the economy is expected to continue to grow this year, making it the longest economic expansion in US history.

Michael R. DeWitt ON Tue, 02/26/2019 - 11:21

Despite the continuing buzz about slowing economic growth in 2019, most economists are not predicting a US recession this year. In fact, for long-term investors, there are plenty of reasons to be optimistic. Here are six potential surprises that should give investors a respite from some of the dire predictions and help guide your investment decisions this year:

Charlie Jordan ON Thu, 02/14/2019 - 11:07

A very common statement I’ve heard from my clients over the years when discussing retirement goes something like this: “I don’t want to just stop working. I would go crazy.”

The Brightworth Team ON Tue, 01/29/2019 - 10:30

Last month, it appeared that Scrooge, the Grinch, and the Wet Bandits from the movie “Home Alone” were conniving to steal Christmas from investors.

Charlie Jordan ON Tue, 01/29/2019 - 09:34

Many of my clients nearing retirement talk a lot about life after work. But do you know what they often worry about most? Not just money – but how to wisely use their time, talent, influence, AND money in their retirement years.

Lisa Brown ON Thu, 12/27/2018 - 00:00

Celebrating New Year’s Eve and New Year’s Day are always a lot of fun.  On New Year’s Eve, my husband and I celebrate with our young children by ringing in the New Year with friends who also “risk” trying to see if their little ones can make it to midnight as well!  Sometimes we make it to midnight, sometimes we depart by 9pm as someone is melting down.

Annika Cushnie ON Mon, 12/17/2018 - 14:09

Several years ago, I met with an attorney with a large Atlanta law firm who was nearing retirement. He lived a nice lifestyle that included multiple homes and funds to cover a private education for his children and a country club membership.

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