Bright Ideas

Choosing the right advisor

As the saying goes, "When times are good, anyone can make money." In the tenth year if the bu;; market following the Great Recession, markets are at or near all-time highs, but recent volatility has some i nvestors uncertain on where the markets will go from here. Many are re-evaluating their relationship with their financial advisor to ensure that they are in good hands.

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Bright Ideas

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

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Done right, virtual financial planning meetings can be just as productive (or even more so!) than in-person ones.

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With the U.S. election less than three months away, investors have begun bracing themselves for what is sure to be another vitriolic presidential campaign. Commentators across all media outlets are hyping this as a watershed event that will reshape the country for decades to come. 

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Lots of investors sold stocks during the downturn. How do they get back in the market now? Wealth advisor Lisa Brown offers some recommendations to consider.

For those experiencing a pay cut or loss of bonus during the pandemic, the financial goal is to weather the storm until it’s over and come out as unscathed as possible.  Patricia Sklar shares six tips to help you nav

The decision of whether to return to work and setting up an estate plan are two of the most important financial decisions a parent needs to make.

Last quarter was another difficult one as efforts to slow the spread of Covid-19 led to the partial closure of our economy. Many of the most financially vulnerable Americans were hit the hardest. Further complicating the situation was the escalation of racial tensions in the wake of the death of George Floyd. Despite these tragic events, investors have seen a significant rebound in their account values as unprecedented monetary and fiscal policies have seemingly stemmed fears that the current economic slowdown will be long lasting.

Bright Blog

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

 

Charlie Jordan ON Wed, 05/13/2020 - 10:02

Things are different than you planned. The assumptions of your plan have changed. That may require a new approach and a resetting of what your “retirement dream” will be. Use this time to refocus on what matters most in your life. Use the strength of your experience to craft a work-life and retirement around that purpose.

John Darby ON Tue, 04/21/2020 - 15:52

Most areas of life require us to take action when something goes wrong. If your house catches fire, you should grab a fire extinguisher or call the fire department. If you break an arm, you need to go see a doctor to get it fixed. But there are a few areas where it is best to do the least intuitive thing of all: absolutely nothing.

Rick Weissinger ON Tue, 04/21/2020 - 11:42

“I don’t know if I’m working too much or too little. I’m stressed out, but I don’t feel like I’m actually accomplishing anything.” A friend told me this, a month into her shelter-in-place. She’s not alone. In my new day-to-day in which video conferences supplement my previous electronic diet of texts and emails, there’s a recurrent theme emerging beneath the purely transactional messages. Am I doing enough?

Charlie Jordan ON Tue, 04/21/2020 - 08:58

In our Retiring Well content, we talk a lot about health and wellness. It should come as no shock that healthcare and health-related costs make up a significant portion of both potential retirement expenses and anxiety levels.

Michael R. DeWitt ON Wed, 04/15/2020 - 09:44

Business owners - when we finally emerge from the coronavirus pandemic, how would you like to take a nice, long vacation?  I’m not talking about a week at your favorite spot on the beach or in the mountains.  I mean a month, three months or more.  Can’t imagine being away from your business that long?

Tracy Stroud ON Tue, 04/14/2020 - 14:37

With millions of people working from home now, and some suddenly having to get creative with their home office set up, make sure you are still working in a healthy environment.  Here are some tips to improve your new workspace!

Ryan Halpern ON Tue, 04/14/2020 - 13:45

While most of the country focuses on staying healthy and safe during the current pandemic, it’s hard to escape the real economic impact all of this has taken. The general age group most susceptible to the health dangers of COVID-19, people 60 years old and older, and includes many Americans who are nearing retirement. The recent stock market volatility has, in most cases, hit their portfolios.

Patricia D. Sklar ON Mon, 04/13/2020 - 13:56

The most common question I have received from my clients over the last month Is “Should I invest some of the cash I’ve been sitting on?” Whether you have saved your last bonus, had a liquidity event such as sale of a rental property or received an inheritance, or you have just been thrifty, let me walk you through the exercise I take my clients on when answering this important question.

 

Ray V. Padrón ON Mon, 04/13/2020 - 10:54

Having been in the business world for over 40 years now and having experienced several (let’s not count!) economic and stock market upheavals, a quote often attributed to Mark Twain (aka Samuel Clemens) comes to mind:  “History doesn’t repeat itself, but it often rhymes”.

Chase Mouchet ON Thu, 04/09/2020 - 10:31

During the COVID-19 pandemic, many people want to stretch the impact of their dollars for their families while continuing to help others.  Even during a downturn, donating stock may be one way to achieve that goal and support the nonprofits that are tirelessly serving our communities during this time of urgent need.  

Ray V. Padrón ON Wed, 04/08/2020 - 10:33

In our personal and professional lives, we are continually learning about one another, subtly adjusting our behavior as we understand ourselves and understand others in order to get along,enjoy being together and become more effective. While every day is different, we generally know each other’s habits and reactions in most situations. In other words, normal behavior. This knowledge builds our informal social norms, and we become comfortable operating within these norms.

Michael R. DeWitt ON Mon, 03/30/2020 - 16:55
We hope you and your families are staying healthy. As you have likely heard, The CARES Act was signed into law last Friday, and there are many provisions that pertain to business owners that we have summarized for you below. We also wanted to communicate a few key recommendations as the details on these programs unfold: