Social Security beneficiaries can expect a pay increase next year. In 1973, Congress introduced cost-of-living adjustments, or COLAs, into law. With COLAs, those receiving Social Security benefits could see their retirement income adjusted each year to match the cost of living. These adjustments came into effect in 1975 and have helped those receiving retirement benefits maintain their buying power in retirement every year since. Last year, Social Security beneficiaries received one of the bigge...
Aug 28, 2023•7 min•Ep. 63
Retirement planning is a journey that can start with your first-ever paycheck and continues until you retire. Making the right decisions during this journey is crucial, as it determines the comfort and financial security you can expect in your golden years. Despite the wealth of information available, numerous retirement planning mistakes plague investors, potentially jeopardizing their financial futures. That can make navigating the complex world of retirement planning can feel understandably o...
Aug 21, 2023•9 min•Ep. 62
Navigating the world of financial advice can be a bit like stepping into a labyrinth. Different titles, duties, and standards can cloud the waters and make it difficult to understand who to trust with your financial future. Two terms that often confuse people are “ financial advisor ” and “fiduciary advisor.” While a financial advisor and a fiduciary advisor must both follow a code of ethics, they’re held to different legal standards of conduct that can impact the type of advice they can provide...
Aug 14, 2023•10 min•Ep. 61
The goal of The Next Investment Wave is to help you identify potential investing trends early. If we were to use a baseball analogy, the meat of most investment moves is found near the bottom of the second inning or the top of the third inning. Our research over the past 6 months has caused us to believe that the next investment wave that investors may be able to lean into to create their next round of wealth may be found in the realm of commodities and basic materials. With any long-term thesis...
Aug 10, 2023•57 min•Ep. 60
Safeguarding your retirement savings in today’s economic climate requires more than a casual approach. Complacency may be the most significant risk to your financial security, especially for retirees. With potential changes in business cycles and an uncertain future, inactivity could be the proverbial deer in the headlights, putting your retirement plan at risk. That means taking proactive measures to protect your retirement savings to ensure a worry-free post-retirement life. The importance of ...
Aug 07, 2023•8 min•Ep. 59
Inflation is an economic phenomenon that can stir stress, particularly among retirees. As the costs of goods and services rise, seniors often wonder how to cope with inflation effectively. Coping with inflation can be challenging, especially in the short term. It's important to remember that inflation, like all economic phenomena, is cyclical. A robust plan, along with some lifestyle adaptations, can go a long way in helping retirees deal with inflation effectively. Staying informed, reducing co...
Jul 31, 2023•9 min•Ep. 58
Navigating through the retirement planning process can be daunting. It requires some math, some best guesses, and a lot of self-reflection. One aspect of retirement planning sometimes gets overlooked: timing. The age you retire can impact your retirement and how you plan for it. I’ve gotten the question many times: “When is the best age for retirement?” As always, the answer can vary depending on the individual and their retirement goals . The answer requires considering the nuances of receiving...
Jul 24, 2023•7 min•Ep. 56
What is the number one question you get asked by business owners. WHAT IS THE BEST ENTITY TO OPERATE IN AND HOW CAN YOU SAVE ME TAXES WITHOUT TOO MUCH COST HAVING TO INCLUDE EMPLOYEES IN A PLAN. Let’s shift gears a little and talk about some of the Major changes that 2023 is bringing for Business owners. Those of you watching please keep in mind that the items we cover in this video are not all inclusive and you should consult your tax professional to make sure you cover all changes that might a...
Jul 21, 2023•27 min•Ep. 57
One of our passions is guiding clients into a comfortable and secure retirement. We have seen firsthand how crucial the five years leading up to retirement (aka the “red zone”) can be in shaping a person’s retirement future. Planning for retirement may seem overwhelming, especially if you aim to retire in the next five years. But there’s good news: it’s not too late to take action! Whether you’re working with a financial advisor or navigating your retirement path independently, taking that first...
Jul 10, 2023•7 min•Ep. 55
401(k) plans can be a set-it-and-forget-it retirement account. In some ways, this is great—once you set them up, they continue to grow without any further input from you. Once you check your balance several years later, you might realize how much money you have in your account. And having access to that much money can be quite alluring! But these funds are intended to become your retirement income. With that in mind, you might wonder at what age you should start making withdrawals from your acco...
Jul 03, 2023•9 min•Ep. 54
It’s no secret that healthcare services can cost what might be described as “too much money.” When a patient suffers from a disability , injury, or illness that requires long-term care, those costs can compound quickly. Enter long-term care insurance. Policies are available for purchase as either a standalone policy or as a rider on a life insurance policy. Whichever option you choose, the insurance helps cover some of the costs associated with long-term care. When you shop for long-term care in...
Jun 26, 2023•7 min•Ep. 53
What is State Disability Insurance (“SDI”)? State Disability Insurance (“SDI”) is a California state program administered by the Employment Development Department (“EDD”). SDI provides partial wage replacement when workers are unable to perform their regular or customary work due to physical and mental injuries, illnesses, and other health conditions. Who is covered by the SDI program? Almost all workers in California are covered by the program, and may receive benefits if they meet the eligibil...
Jun 14, 2023•4 min•Ep. 52
“Can money buy happiness?” This question has existed for thousands of years. Psychologists, economists, and philosophers have hotly debated the answer. Even we laymen consider the question often. “If only we had more money,” we tell ourselves, “we could achieve our goals and finally relax!” While many argue that money can’t buy happiness, others believe that money can buy happiness to some extent. Unhappy with mere debates, many experts have set out to conduct studies that can settle the argumen...
Jun 12, 2023•6 min•Ep. 51
When it comes to retirement planning, many people never look beyond their employer-sponsored 401(k) plan. And why not? Signing up is simple, there are very few decisions to make, and contributions are automatic. But, while a 401(k) is a good, well-rounded plan, some retirement savers might want a different option or a secondary plan. Roth IRAs offer tax advantages that help make them desirable to some retirement savers. But because employers do not typically offer them, they require shopping aro...
Jun 05, 2023•10 min•Ep. 50
May 2023 Stock Market Update - https://youtu.be/xbn9kTVbkcE In this Stock Market update, Quiver Financial discusses whether the stock market is headed to new all-time highs or getting ready to turn and crash in a ball of flames as we answer some of the more popular investor questions like: 1. Is the Bear Market over? 2. If the Stock Market were to fall, how low could it go? 3. What you may consider doing NOW if you are retiring in a couple of years or in a couple of decades. 4. How you may want ...
May 27, 2023•22 min•Ep. 49
Welcome back to Quiver Financial’s business education, where we educate you the business owner on strategies you should be implementing into your practice to grow and protect your business. I’m Justin Singletary and I’m joined again with Patrick Morehead. Today we wanted to share with you an interesting provision in the Secure act 2.0. If you started or are looking to start a 401k in 2023 listen up. These Tax credits are huge and a potential game changer for your business. Tax Credit Covers 100%...
May 25, 2023•5 min•Ep. 48
As you approach retirement, you might find yourself with a nice nest egg in your 401k or traditional IRA. However, the looming issue of taxes on distributions you take during retirement might make you reconsider your choices. The good news: converting to a Roth IRA can provide significant benefits, including tax-free withdrawals and growth. When performing a Roth conversion, it’s important to understand how to do so strategically to maximize tax efficiency. Today, we’re breaking down how to perf...
May 22, 2023•13 min•Ep. 47
Retirement comes sooner than we think. And, while it’s important that we’re emotionally ready for that moment when it comes, it’s just as important that we’re financially ready. And that means preparing. For the vast majority of our lives, retirement is decades away. This makes it easy to put off planning for it until later. Unfortunately, once retirement is on the horizon, it could be too late. While there are some benefits to later-in-life investing , early planning often reaps the best benefi...
May 15, 2023•10 min•Ep. 46
In 2019, the U.S. government recognized the importance of helping people save for retirement. They drafted and passed a law designed to help simplify opening and maintaining retirement accounts. The original SECURE Act expanded American workers’ access to employer-sponsored retirement plans and extended the age requirements for required minimum distributions (RMDs). These small changes help people open retirement plans, increase their wealth-building potential, and get closer to their retirement...
May 08, 2023•10 min•Ep. 45
The News loves to tie anything to fear and they also love making things up. Get the real scoop on what is going on in our economy by subscribing to our channels. We give it to you straight. Toxic treasuries are a made up thing. Just because banks own treasuries doesn't make them toxic. It is how they are held and length of maturity during a rising rate that can cause problems. Not intended to be investment advice. Advisory Services offered through Quiver Financial Holdings, LLC 949-492-6900 www....
May 04, 2023•3 min•Ep. 44
Financial checkups are crucial for setting and meeting our financial goals. Unfortunately, it’s one task forgotten by many year after year. While reaching your goals without a checkup is possible, the chances go way up when completing annual financial checkups. Think of it this way: we all understand that remaining healthy is crucial for a long, healthy life. While diet and exercise help, regular doctor visits keep us updated on how our bodies are doing and what we should do to maintain or impro...
May 01, 2023•10 min•Ep. 43
Recap from our Next investment wave. Short Term vs. Long Term Oil prices have plunged by approximately 40% from their 2022 highs, causing doubt among many investors in the oil market bull thesis. The recent crude price decline reflects a tug-of-war underway between bullish structural factors and bearish temporary factors, causing us to ask, is this a buying opportunity within a longer-term structural bull market or the beginning of significantly lower oil prices led by reduction of demand as a r...
Apr 28, 2023•6 min•Ep. 42
Are you concerned about what to do with your money or investments with bank failures, fear of recession, and the anticipated dethroning of The U.S. Dollar appearing to be in our future? Get prepared and find potential investment opportunities by watching this short excerpt discussing the trends in Gold from Quiver Financials March 2023 Livestream, where we discuss: - If Gold will be an investor safe haven amid bank failures and corporate bankruptcies. - See how Gold has performed since 2016 to g...
Apr 24, 2023•3 min•Ep. 41
Auto-enrollment offers a simple and streamlined method to start saving for retirement. It’s typically tied to an employer-sponsored retirement plan to increase the number of participants. Those who offer auto-enrollment typically want to help ensure that as many people save for retirement as possible. Programs like this are primarily aimed at those who don’t normally think about saving for retirement: younger workers and those who believe they can’t afford to do so. Recently, SECURE Act 2.0 has ...
Apr 10, 2023•9 min•Ep. 40
With Inflation sticking around higher for longer and the recent news of bank failures, 2023 is starting off with a bang for investors. We discuss this and more in this edition of Quiver Financial's Market Minutes From The Boardroom where we cover some of the most popular questions we are hearing from our clients and family office investors like: - How will the recent banking crisis impact me? - How much higher can interest rates go, and what should I do with my bond investments? - How are geopol...
Apr 06, 2023•44 min•Ep. 39
I’m sure it must seem odd that a wealth management company would be talking about the weather. Believe it or not, the weather can significantly impact the stock market and your investments. Weather affects many aspects of your life—from travel plans to whether you’ll run errands, the types of insurance you purchase for your home and vehicle, and where you move once you reach your retirement age. If you live in California, you might have heard of the IRS pushing the due date for tax returns a who...
Apr 03, 2023•8 min•Ep. 38
Layoffs rocked workers across all sectors in 2022. The tech world was hit especially hit hard, with companies like Amazon, Twitter, Meta/Facebook, and DoorDash reporting mass layoffs. Business and professional jobs saw significant layoffs, as well—2.12 million throughout the year. Some companies, such as AMC Networks, have announced plans to lay off employees soon. This follows 2021, which saw 17 million layoffs across all industries. Many of those who experienced a layoff or separation from the...
Mar 27, 2023•9 min•Ep. 37
To many investors, December 2007 felt like a nightmare scenario: the United States was officially in a recession. What would tomorrow bring? How much would we lose? As it continued, we worried: would we see another Great Depression before we ever saw more economic growth? People panicked and made bad decisions that permanently affected their net worth. Very few things drive emotions greater than love and money—especially if you’re approaching retirement when there is heightened fear of a recessi...
Mar 20, 2023•7 min•Ep. 36
With the current downward economic trend , investors seek new ways to grow their money for minimal risk. We suspect salespeople might try to fill that void with annuities. Though they grow slowly, annuities offer steady earnings with low risk. Fixed index (aka fixed indexed or equity indexed) annuities are a low-risk option that offer higher potential returns than other types of annuity products. While fixed index annuities have many benefits, they come with some rules, restrictions, and add-ons...
Mar 13, 2023•11 min•Ep. 35
If there’s one thing we’ve learned during the past few years, it’s that healthcare is more than just important. It’s a top priority. The technology healthcare providers rely on is the most advanced it’s ever been. It’s hard to imagine how much more advanced it might become. And yet, healthcare improves almost daily. For investors, that makes healthcare and healthcare technology a perfect opportunity. The 4P model and shifting healthcare trends There is a tectonic and timely shift happening in he...
Mar 06, 2023•6 min•Ep. 34
