Posts by Mark Henry

5 Tips For Parents To Help Their Kids Get Started With Retirement Planning

If you are in or near retirement and understand the importance of saving for retirement, you can act as a huge asset of knowledge to your young-adult children by helping them save for retirement. Retirement planning ranks low as a major priority for young-adults entering the workforce because of other priorities such as bills, rent, and student loans. But not saving for retirement at an early age can significantly delay retirement in the future. Mark Henry, who was featured in ValueWalk, offers five important tips to help your young-adults begin planning for retirement. Read the full article here…   Photo
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Categories: Retirement.

Vacation Tips for the Traveler

Whether you’re planning a modest long-weekend trip or an elaborate European vacation, here are some tips for travel this summer. PACKING Consider borrowing luggage from a friend if you don’t travel often. Pack as lightly as possible—have no more than a week’s supply of fresh, washable, weather-appropriate clothing. If flying and checking luggage, mark the bags in some way so that they stand out in the airport baggage claim carousel (i.e. big pink ribbon), and make sure your current address and phone number are securely attached to the outside of bags in case they get lost. Speaking of lost luggage,
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Categories: Lifestyle.

April is Financial Literacy Month. Here Are the Top 10 Things You Should Know.

Tax reform changes a lot of things starting in the 2018 tax year. (And a lot of the new law sunsets in 2026, returning to 2017 levels.) Under the new tax law passed last December—the “Tax Cuts & Jobs Act”—some of the changes include new tax brackets, new limits to mortgage interest deductions, lower deductions for local property/sales taxes, higher standard deductions, higher estate tax exemptions, and more. We suggest that you meet with both your financial advisor as well as your tax professional to see how you will be affected, and how you might best prepare for 2018 and
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Categories: Financial Literacy.

7 Hidden Retirement Risks

Longevity The average life expectancy has increased. Chances are that if you’ve reached 65 years old you will live into your mid-80s according to life expectancy calculations. Many are living even longer—one in four people will live into their 90s, while one in ten will live past 95. Make sure that your retirement plan takes longevity into account so that you don’t run out of money—no matter how long you live. Loss of Income Make sure both you and your spouse are protected from the unexpected. Consider the financial impact of the loss of one spouse, running the numbers both
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Categories: Retirement and Risk Management.

10 Tips for Living a Retirement You Love

The best way to have a retirement you love is to plan for it! Here are some tips for success. Create and keep a schedule Although you may have dreamed for decades about the future when you would no longer have to set an alarm for the crack of dawn or race off to a job five days a week, once you retire you may start to feel differently about the lack of structure. Men in particular tend to identify with their work, and can start to feel isolated or bored after the initial excitement of free time has worn
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Categories: Retirement.

Tax Reform Highlights

Here are some brief updates about the tax bill that was recently passed. Keep in mind that the industry is still working through the ramifications of the legislation; there will be much more in-depth information coming throughout the year.   New Income Tax Rates The tax brackets for individuals have been lowered for everyone except the lowest bracket, until 2026, when they revert back to 2017 rates. (Employees will see the lowered withholding on their February 2018 paychecks.) The bracket income levels will rise each year with inflation, because they are now tied to the chained consumer price index. Over
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Categories: Tax Planning.

Living Large Radio with Mark Henry Is Now On ESPN!

Now you have three chances every weekend to catch Living Large Radio, hosted by Mark Henry, founder and president of Alloy Wealth Management in Charlotte, North Carolina. Focusing on Finance, Family, Friendship, Fitness and Faith, Mark’s Living Large Radio show shares the secrets of how to live an abundant lifestyle in retirement. Tune in! Saturdays, 7:00am – 8:00am to 610 AM, The Fan Saturdays, 11:00am – 12:00pm to 730 AM, The Game, ESPN Charlotte Sundays, 1:00pm – 2:00pm to 1110 AM, WBT, Charlotte’s News Talk
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Categories: News.

Financial Resolution for 2018: Buy More Time!

When the New Year rolls around, many of us focus on making financial resolutions. These goals often include things like getting out of debt, saving more or negotiating a higher salary. These are all worthy endeavors and they all have something in common: The result of achieving any of these goals is reduced stress and happiness. But the fact is, limiting stress in your life can actually mean spending a little more money, too. The results of a study published earlier this year in the Proceedings of the National Academy of Sciences of the United States of America, suggests that
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Categories: Financial Ideas.

5 Things You Should Know About Long-Term Care

Do You Have a Long-Term Care Plan in Place? Long-term care (LTC) isn’t something anyone likes to think or talk about. After all, no one wants to be a burden to their family, or be forced to move into a nursing facility because of incapacitation. But at Alloy Wealth, we believe having a long-term care plan in place is crucial—even if you never need it. Here are 5 things you should know: 70% of people turning 65 will need some type of long-term care in their lifetime.1 Even though 70% of retirees will need some sort of long-term care, not
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Categories: Long term care.