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Dementia – Do You Have a Game Plan?

In Asset Allocation, General Financial Planning, Investments, Personal Financial Planning, Retirement Planning by Chip Hymiller

Increasingly, families have to figure out how to best deal with dementia and other memory-related impairments that naturally happen as people age. This is especially true when navigating the complex and often times confusing area of personal finances. So, what can you do to prepare yourself should you, or a member of your immediate family develop dementia? Here are a few ideas that you may find helpful.

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Pension Decisions – Consider Your Options

In Asset Allocation, Cash Flow and Budgeting, General Financial Planning, Personal Financial Planning, Retirement Planning by Chip Hymiller

There is no doubt that pensions are an extremely important asset and making decisions regarding these plans can be daunting and stressful. This is especially true since pension decisions are irrevocable! This article addresses common questions that should be considered when making decisions about your pension.

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Investor Beware of Year-End Capital Gain Distributions!

In Asset Allocation, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Tax by Chip Hymiller

It looks like 2014 is going to be a huge year for mutual funds making capital gain distributions. While on the surface capital gains sounds like a good deal, but in reality they can pose a tax nightmare for some investors – especially people who invest in mutual funds in non-retirement (taxable) accounts. This article explains the problem with mutual fund distributions and provides a resource for those performing year-end tax planning.

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Long Term Care Insurance—Is it time to consider a hybrid?

In Asset Allocation, Cash Flow and Budgeting, General Financial Planning, Insurance, Personal Financial Planning, Retirement Planning, Tax by Chip Hymiller

Normally, when someone mentions hybrids they are referring to fuel-efficient, money-saving cars. Like hybrid cars, the intention of hybrid long term care insurance policies is to provide cost-saving insurance coverage by combining both life insurance (or an annuity) with long term care coverage.

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Has Investor Complacency Arrived?

In Asset Allocation, Cash Flow and Budgeting, General Financial Planning, Investments, Market Review, Personal Financial Planning, Retirement Planning by Chip Hymiller

With over 20 years in the investment industry, we have helped clients navigate through a number of economic and market cycles. Through the years, we have developed our own set of descriptive names that are used as an indication of where we are in the market cycle. These names are generally based on client emotions and range from “malaise” to “exuberance”. Currently, we are in what we call the “investor complacency” phase.

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Chip Hymiller, CFP® Interviewed about Financial Wellness

In Cash Flow and Budgeting, College & Education Savings, Company News, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

Chip Hymiller, CFP® was recently interviewed on the show Community Matters with host, Bill LuMaye. The topic for the show was financial wellness. Chip’s segment of the show highlighted the need to prioritize financial goals, manage debt and develop a strategic long term plan.

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An Estate Planning Review Checklist

In Estate Planning, General Financial Planning, Personal Financial Planning by Chip Hymiller

When it comes to financial planning, one of the easiest and most important things to accomplish is an overall review of your estate plan. We suggest that you review your estate plan every couple of years or when there are changes in your family that may impact your estate planning. Here is a checklist of estate planning items to review that may be helpful.

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Intra-Family Planning: 5 Wealth Transfer Strategies to Consider

In Charitable Gifting, College & Education Savings, Estate Planning, General Financial Planning, Insurance, Personal Financial Planning, Retirement Planning, Tax by Chip Hymiller

Through hard work and sound financial planning, some find themselves in situations in which they are contemplating intra-family financial planning. That is, identifying financial planning techniques that can be used to financially strengthen the next generation—children and grandchildren.