Posts by Mark Henry

The Message to Millennials Is Gaining Steam

As part of his ongoing campaign to teach millennials about the importance of saving even small amounts of money for their retirement over time, the New York Post picked up Mark Henry’s message in their August 18th article by Gregory Bresiger. As Social Security turned 83 on August 14th, many millennials are convinced they won’t collect a cent by the time they retire. Millennials — those born around the turn of the century — “face unique concerns for saving for retirement,” said Mark Henry, CEO of Alloy Wealth Management in Charlotte, NC. Assuming the worst, millennials should “start saving on
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Categories: Financial Planning and Retirement.

When Should I Seek Financial Advice?

Here are some life milestones and events that mark when you should make the call to a financial advisor. When there’s a new baby in the family. Parents, grandparents, siblings—everyone is affected when the new baby comes along. Now is the time to plan for what this tiny family member will grow to need in the future—especially college funds. And now is also the time to make sure that you have the right insurance and protections in place to see the child through to adulthood should something unexpectedly happen to you. When you get married. Two people joined together in
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Categories: Financial Planning.

7 Things You Should Know About Medicare Before You Retire

It’s important to understand the facts about Medicare before heading into retirement. Here is a basic overview of seven things you should be aware of when it comes to this important federal health insurance benefit. But keep in mind that certain parts of the Medicare program vary by state, so you will want to get more in-depth information before you turn 65 based on your primary retirement residence. It’s not free. Even though studies have shown that Medicare is cheaper than most health plans offered by private insurers, it still does not cover all health costs when a person retires.
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Categories: Medicare and Retirement.

Parental Guidance Should Include their Kids’ Retirement

“Many people early in their work life figure retirement isn’t worth thinking about because it’s so far down the road, and they’ve got other obligations. But getting a late start is a big mistake. First of all, they’re missing out on valuable years of compounding returns,” says Mark Henry, Charlotte NC. Mark Henry is on a mission to help everyone with retirement. As he works with hundreds of people in North Carolina creating retirement plans (people who may be five, 10, 15 or more years out from retiring at age 65 or so), he’s discovered that some people are playing
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Categories: Financial Planning and Retirement.

How the Rich Think About Their Wealth

The 2018 U.S. Trust Insights on Wealth and Worth® survey found that while increased wealth provides greater freedom, only half of high-net-worth individuals have a plan in place to optimize the opportunities their wealth provides. However, creating and continuously evolving a customized plan is the key to putting wealth into action.   Findings from a recent survey of high- and ultra-high-net-worth adults across the United States revealed that while increased wealth brought greater freedom to people, most felt they had still not optimized their opportunities for taking risks, pursuing passions, giving back and making a bigger impact on the world.
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Categories: Wealth Management.

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.