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The importance of basic building blocks of a solid financial plan

Last week I met prospective clients who were interested in discussing retirement strategies and various types of investments.  They told me that “now that things are getting back to normal, it’s time to start planning again”. Both were young professionals and had substantial savings.  During an initial meeting I will review the overall financial situation and discuss goals both near- and long-term.  Part of this meeting also involves me asking about various insurance coverages and legal documents (I never give legal

Plan B – Building Resilience

Resilient: Capable of withstanding shock without permanent deformation or rupture; Tending to recover from or adjust easily to misfortune or change.From Merriam-Webster Yesterday my coach told me that her mantra for this month is “resilience”.  She explained – in her training, there are days where it seems like all goes well, and others where for a multitude of reasons it may not.  However, if she has a plan in place, she can adjust to absorb these “shocks” and continue with her

Looking Back and Looking Forward

As we approach the end of the year, it is a time when many reflect over the past 12 months and plan for the next. Hopefully, most of you navigated safely through the pandemic and there appears to be some hopeful developments with regards to vaccines. It is a time when we transition away from the colorful leaves and begin to nestle down to lower temperatures and shorter days, when we lay the groundwork for a new year. We should remember

“Don’t let the sun go down without saying thank you…”

Sunset

“Don’t let the sun go down without saying thank you to someone, and without admitting to yourself that absolutely no one gets this far alone.”   Stephen King We have all heard that “an attitude of gratitude” will improve our daily outlook. That we should approach every situation looking for that silver lining, or the positive in a field of negatives. In a year like this one has been, that can be incredibly difficult! I found this quote from one of my favorite authors

Happy Birthday America!

On this 244 Birthday of America, we should reflect on our core values. Being grateful is one of those values. We will always be grateful for our service people who make a strong commitment to fighting for our country’s freedom every day.  But, today, in the midst of this pandemic, there are so many more heroes to add to the list.  We are grateful for the Medical and First Responder communities who put themselves in harm’s way, every day to

Planning a vacation without going into debt

We thought it might be nice while we’re in the midst of a Central New York winter to write about taking a vacation! Maybe you’re planning on traveling somewhere warm with hot sand and calming waves; maybe your idea of a vacation is traveling to another country with exotic food and historic sights to see! Wherever you visit this summer, the financial stress of vacations can be an uninvited downer. However, planning ahead eases that stress and can ensure you stay out of debt so you

The SECURE Act is Official!

Significant Changes for Employer-Sponsored Plans and IRAs On December 20, 2019, the President signed into law the Further Consolidated Appropriations Act, 2020, which includes the Setting Every Community Up for Retirement Enhancement (SECURE) Act provisions previously passed by the House in April 2019. This is one of the most comprehensive retirement plan reforms in more than a decade, and this is a brief overview of some highlights. Many of the provisions are effective January 1, 2020. Congress has attempted to pass major

Share Your Plans!

In my opinion, there is nothing more difficult to accomplish during a time of intense stress than trying to put finances in order.  The stress that I’m referring to in this instance is the death or disability of a loved one.  Perhaps you’re a spouse who has lost a partner, a child who has lost a parent, or a dear friend trying to pick up the pieces of a life. Over the years, we all tend to accumulate things –  financial assets, property such as our home, vehicles, jewelry

RECAP: State of the Economy

Almost 50 people joined the Marathon Financial Advisors Team for the State of the Economy Seminar on Tuesday, November 5th with Dr. Quincy Krosby at Drumlins Country Club. Dr. Krosby, whose impressive resume includes positions as a U.S. Diplomat, Assistant Secretary of Commerce and a representative of the United States to the International Monetary Fund, spoke eloquently about tariffs, negotiations with China, the effect of politics on the market, other global economies and the Santa Claus Rally.Here are some highlights