Are you ready to retire?
Posted by Canby Financial Advisors on Mon, 05/08/2017 - 12:06
Here are some questions to ask yourself when deciding whether or not you are ready to retire.
Is your nest egg adequate?
It may be obvious, but the earlier you retire, the less time you'll have to save, and the more years you'll be living off your retirement savings. The average American can expect to live past age 78.* With future medical advances likely, it's not unreasonable to assume that life expectancy will continue to increase. Is your nest egg large enough to fund 20 or more years of retirement?
5 Ways to Spot a Phishing E-Mail
Posted by Michael D. Flaherty, CFP® on Wed, 04/05/2017 - 12:33
Did you know that phishing (i.e., scam) e-mails account for about 91 percent of all cyberattacks? In other words, nearly every cybersecurity issue you could think of—from viruses, to ransomware, to full-blown data breaches—starts with users accidentally clicking malicious links in e-mails.
Spring Cleaning Your Finances
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:32
The arrival of spring often signifies a time of renewal, a reminder to dust off the cobwebs and get rid of the dirt and grime that have built up throughout the winter season. And while most spring cleaning projects are likely focused on your home, you could take this time to evaluate and clean up your personal finances as well.
Examine your budget..and stick with it
What are bond ratings?
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:31
Bond ratings are an essential tool when considering fixed-income investments. Ratings provide a professional assessment of credit risk, or the risk of default, which can be measured to some degree by analyzing the bond issuer's financial condition and creditworthiness.
Converting Retirement Savings to Retirement Income
Posted by Canby Financial Advisors on Wed, 04/05/2017 - 12:29
You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first.
Evaluate your needs
What to Ask When Your Adult Child Moves Home
Posted by Christopher Gullotti, MSFP, CFP® on Wed, 03/01/2017 - 13:11
Facing heavy college debt burdens and an unpredictable job market, many young adults today are returning home to live with their parents. In fact, according to a recent study by the Pew Research Center, more than 32 percent of young adults lived with their parents in 2014—more than lived alone or with a spouse or partner.
401(k) Withdrawals: Beware the Penalty Tax
Posted by Canby Financial Advisors on Wed, 03/01/2017 - 13:09
You've probably heard that if you withdraw taxable amounts from your 401(k) or 403(b) plan before age 59½, you may be socked with a 10% early distribution penalty tax on top of the federal income taxes you'll be required to pay. But did you know that the Internal Revenue Code contains quite a few exceptions that allow you to take penalty-free withdrawals before age 59½?
Sometimes age 59½ is really age 55...or age 50
Encouraging a Culture of Philanthropy in your Business
Posted by Canby Financial Advisors on Wed, 03/01/2017 - 13:08
As a business owner, you are committed to serving the needs of many different stakeholders, including your customers/clients, business partners and investors, employees, vendors, and family members. And like many business owners, you may also be highly motivated to have an impact on the "greater good." The benefits of giving back are both tangible and intangible, but where do you begin? Start by fostering a culture of philanthropy within your business.
Understand the "triple bottom line" approach
Investments that Make an Impact
Posted by Canby Financial Advisors on Wed, 03/01/2017 - 13:06
Socially responsible investing (SRI) has come to represent various investment strategies that favor companies with business practices generally viewed as socially responsible, ethical, and/or sustainable.
Overall, investor interest in SRI has been gaining momentum. In fact, the number of investment funds incorporating ESG (environmental, social, and governance) factors has increased 12% in the last two years alone, from 894 in 2014 to 1,002 in 2016. These 1,002 funds represent $2.6 trillion in net assets.1
What is SRI?
To Pay or Not to Pay: How to Survive a Ransomware Attack
Posted by Christopher S. Borden, CRPS® on Tue, 02/14/2017 - 13:29
Imagine this: You open an e-mail that seems to come from Google, prompting you to click a link to reset your password. But when you click, a mysterious .exe file downloads and launches. Slowly, all the files on your desktop turn into white paper icons, and the names of all your files turn into scrambled nonsense.
What is happening here? Unfortunately, you’ve probably fallen victim to a ransomware attack.
The threat defined