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Marathon Financial Advisors 2018 Events

Marathon Financial Advisors 2018 Events Tackling Topics to Gain Financial Understanding Like many of you, Marathon Financial Advisors is taking a look back to reflect on some of the ways we served our clients in 2017. One of the more successful endeavors last year was offering the educational seminar “2Young2Retire” with Leslie Rose McDonald, an event designed to shed light on a subject of interest to our clients and others as they make financial plans for their future.

How much money should a family borrow for college?

There is no magic formula to determine how much you or your child should borrow to pay for college. But there is such a thing as borrowing too much. How much is too much? Well, one guideline for students is to borrow no more than their expected first-year starting salary after college, which, in turn, depends on a student’s particular major and job prospects. But this guideline is simply that — a guideline. Just as many homeowners got burned by taking

What are some tips for reviewing my Medicare coverage during Medicare Open Enrollment?

During the Medicare Open Enrollment Period that runs from October 15 through December 7, you can make changes to your Medicare coverage that will be effective on January 1, 2018. If you’re satisfied with your current coverage, you don’t need to make changes, but it’s a good idea to review your options. During Open Enrollment, you can: Change from Original Medicare to a Medicare Advantage plan, or vice versa Switch from one Medicare Advantage plan to another Medicare Advantage plan Join a Medicare prescription

Managing Debt While Saving for Retirement

It’s a catch-22: You feel that you should focus on paying down debt, but you also want to save for retirement. It may be comforting to know you’re not alone. According to an Employee Benefit Research Institute survey, 18% of today’s workers describe their debt level as a major problem, while 41% say it’s a minor problem. And workers who say that debt is a problem are also more likely to feel stressed about their retirement savings prospects.1 Perhaps it’s no

I Should Have Known!

I met with a wonderful group last week, to talk about Investment Basics.  This group was a mix of people of all ages, from different backgrounds and varying professions.  Every single person in this group appeared to be confident and competent. We had a lively discussion, and there were many relevant questions asked that were interesting to the group members. However, at one point one of the women remarked “I feel so stupid about finances and investing.  I just feel as though

Retirement Planning

No retirement planning conversation would be complete without a thorough discussion and understanding of a person or couple’s Social Security benefits. The Social Security program went into effect on January 1, 1937.  At that time, life expectancy was age 60.  Many people at that time did not live long enough to collect their Social Security benefits. With improved medical care, and healthier lifestyles, the average life expectancy today is age 78.  We now may live many years in retirement, and Social Security

Choosing Your Next Vehicle


Thinking of buying a new vehicle this Spring? There are many things to consider when making this huge financial decision and many resources available to us as consumers. With the ease and convenience of the internet at our fingertips, we can research and do our “homework” before making a final decision. What will you buy – car or truck? Full size or compact? Luxury vehicle with all of the “bells and whistles” or a simple, utilitarian working vehicle? Are you concerned

Vacation Planning

I thought it might be a nice idea this month while we’re in the midst of winter, to write about taking a vacation! Maybe somewhere warm, with hot sand and blue water; or maybe your idea of a vacation is to travel to another country, with exotic food and historical sights to see! Many of my friends have been talking to me about these wonderful trips they are taking which are costing them next to nothing out of pocket. How

Choosing a Retirement Plan

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Whether you are starting a new business, or have owned your business for many years you will face the question of how to best save for your retirement.  There are many options, many factors which will determine the plan you use. If you are the only employee/participant and plan to invest less than $6,500 annually, a low-cost way to begin may be to establish an individual Roth or Traditional IRA account.  There is generally a one-time setup fee and an annual