Wealth Management Archives

College Saving Options

by Team SESLOC | Mar 16, 2020

For the 2019-2020 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students was $26,590, the average cost at a four-year college for out-of-state students was $42,970, and the average cost at a four-year private college was $53,980. The COA figure includes tuition and fees, room and board, books and supplies, transportation, and personal expenses. Many private colleges cost substantially more. (Source: The College Board’s 2019 Trends in College Pricing Report),

The SECURE Act and Your Retirement Savings

by Team SESLOC | Feb 6, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. At the same time, it restricts popular estate planning strategy for individuals with significant assets in IRAs and employer-sponsored retirement plans.

How Long Should I Hang On To An Investment?

by Team SESLOC | Sep 30, 2019

You’ll want to hang on to an investment as long as it meets your objectives. Is it likely to continue to perform as well as or better than comparable investments? Is it still appropriate for your age, risk tolerance and financial goals? Evaluating your investments once or twice a year will help you make that determination.

How Can I Gauge My Risk Tolerance?

by Team SESLOC | Jun 28, 2019

All investments come with some level of risk, and if you’re planning to invest your money, it’s important to be aware of how much volatility you can endure. Consider the following factors:

I Think it’s Time to Start Planning for Retirement. Where Do I Begin?

by Team SESLOC | Mar 29, 2019

To get started, you’ll need to set lifestyle goals for your retirement. At what age do you see yourself retiring, and what would you like to do? You’ll need to account for basic living expenses (food, utilities, transportation, etc.), the cost of a mortgage you may still be paying off, or the cost of funding your child’s education, which may happen well into retirement. Finally, be realistic about how many years of retirement you’ll have to fund. With people living longer, your retirement could span 30 years or more.

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Wealth Management

College Saving Options

The SECURE Act and Your Retirement Savings

How Long Should I Hang On To An Investment?

How Can I Gauge My Risk Tolerance?

I Think it’s Time to Start Planning for Retirement. Where Do I Begin?

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