Archives for Financial Planning

Robots & Retirement: The Future of Financial Advice Could Be Digital

The online personal advising and personal wealth management company, Personal Capital, has added a new feature to its robotic platform: Retirement Paycheck. Retirement Paycheck is built into Personal Capital’s retirement planning tool and is designed to help clients create a tax-efficient retirement income strategy. Mark Henry, CEO of Alloy Wealth Management, weighed in on the discussion. He stated that the technology itself looks great, but would like it to address in simple terms how steady a retiree’s income really is against market volatility. “Think of it this way. If you need 5% out of your investment accounts to live on
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Categories: Financial Planning and Wealth Management.

Financial Vows for Money-Savvy Couples

February is a good time to celebrate your relationship with your significant other—and renew your commitment to your mutual financial success. Here are some ideas to say “I do” to this month. Vow to protect yourselves from emergencies During the government shutdown early this year we learned that 40% of Americans don’t have enough money set aside to handle even a $400 emergency. Whether you determine you want an amount equal to six months’ or 12 months’ worth of living expenses, vow to set aside an emergency fund in liquid, readily-accessible accounts so that you have adequate cash on hand
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Categories: Financial Planning and Lifestyle.

5 Tips for Setting Better New Year’s Resolutions

If you typically give up on your goals by March, you’re not alone. Try these tips for 2019. Go ahead and set them again. Even if you’re one of the majority of people who have set New Year’s Resolutions in the past but gave up on them within a few weeks, try again. Because there is good news about setting goals, even if you haven’t quite mastered the follow-through. According to one study published in the Journal of Clinical Psychology, people who set New Year’s resolutions are 10 times more likely to actually change their behavior than people who don’t
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Categories: Financial Planning and Lifestyle.

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.

Mark Henry Featured on the “Good Men Project”

The Good Men Project, a unique website for men which receives more than one-and-a-half million unique visitors per month, recently published Mark Henry’s message to millennials about Social Security. “Millennials face unique concerns for saving for retirement,” says Mark Henry, estate planner, investment advisor and founder/CEO of Alloy Wealth Management in Charlotte, North Carolina. “Previous generations could rely on company pension plans, which are declining in number. Meanwhile Social Security is experiencing deficits that threaten its future existence. Millennials are going to have to get creative and tailor their financial habits and plans accordingly, in order to provide themselves with a
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Categories: Financial Planning and News.

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.