Author: Thomas Callaway

Three steps to handle market volatility as you approach retirement

Swings in the stock market can cause emotions to run high, particularly for investors who are approaching retirement. And for good reason. Recent research from Ameriprise Financial uncovered that the biggest financial setbacks American investors have experienced in their 50s through their 70s is market losses. Though most respondents – 62 percent – have fully recovered from these events, they’re still afraid of potential bumps down the road1. If you share this anxiety as you approach retirement, remember that market volatility does not always mean you need to make changes to your portfolio. The following tips can help you...

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Changing jobs? Here are four tips to keep your financial life on track

The economic expansion in the U.S. since 2009 has presented opportunities for many Americans to explore new job possibilities. If you are among those looking to make a change in your career path, you should know that switching employers can have a substantial impact on your financial life. Here are four tips to help keep your finances on track through the transition: 1. Review your entire compensation package When considering a new position, it’s important to review the base salary offered in the context of the full compensation package. Many U.S. companies offer competitive benefits that could help you...

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Capitalizing on employee stock options || Thomas Callaway

  An increasingly valuable form of compensation for many individuals who work for privately-held or public companies is the opportunity to own company stock. This is often made available through an employee ownership plan. If your employer provides you with this benefit, it’s important for you to understand how the employee stock options (ESO) work, and the most effective ways to take advantage of them. The opportunity to own shares in the firm you work for can, at times, be extremely valuable. In other circumstances, the actual financial benefit may turn out to be limited. Much depends on the...

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Is your portfolio telling you to make a change?

The past nine years have been extraordinary for the stock market. From March 2009 to the end of 2017, the Standard & Poor’s 500 Index, a benchmark of market performance, rose close to 300 percent. In 2017 alone, the index gained more than 21 percent. If you are an investor who has benefited from the extended bull market in stocks, you might think there’s no reason to rebalance your portfolio. However, certain investments or sectors you own may have prospered in recent years, possibly affecting the level of risk you have in the market. With market performance where it...

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Five ways the new tax law may impact you || Thomas Callaway

The most sweeping tax reform legislation in decades was enacted into law at the end of 2017. If you pay federal income taxes, you are likely to see an impact this year. As you plan your 2018 tax strategy, here are five key changes to know about the tax reform law: 1.     Tax rates and brackets have changed Federal income tax rates progressively increase as your income rises. These are known as tax brackets. The new tax code reduces most of the ordinary tax rates and adjusts the tax brackets, applicable from 2018 to 2025. However, the number of...

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