Many have had the pleasure of visiting Asheville and the surrounding area. You may have visited during fall foliage season or in the spring when Biltmore’s gardens were in full bloom. However, there is a lesser known event which occurs in the Asheville area twice a year and may be perfect to explore as you contemplate an important time of your life, retirement. The concept of lifelong learning is not a new one. Many take advantage of learning opportunities throughout their lives, completing degree programs at all ages. However, the Osher Lifelong Learning Institute (OLLI) located in the mountains of Asheville, takes that learning to new heights. The topography of this small corner of the UNC Asheville campus helps and the offerings at the institute offer an amazing variety to please every sense. One of their most unique offerings is a weekend adventure called, Paths to Creative Retirement. The Institute hosts a 2 ½ day workshop focused on the many facets of retirement. While your Financial Advisor typically helps you plan for the financial aspects of retirement, this workshop Read on! →
Cheryl Sherrard was recently quoted in an article entitled “Here’s Why It’s Taking so Long to Hit your Money Goals”, in Grow Magazine. She offered advice regarding employee deferrals to 401(k) plans, reminding readers that contributing only up to your employer match amount is not likely to be enough for your eventual retirement. This is an area where employees can make changes to save more quickly for the future. To see the article in it’s entirety, click here.
When was the last time you met with your Property & Casualty Insurance agent? Here’s why you should get to know them. For many of us, our insurance agent is a name on an insurance card, the person we would call if we were ever involved in an accident or if we had a claim to file. The reason we need to get to know our agent is so that they can get to know us and therefore ensure that we are insured appropriately. I recently spent about an hour in my insurance agent’s office to complete a thorough review of my insurance coverage. A higher than anticipated homeowner’s invoice is what prompted me to initiate this session. The agent’s office was more than willing to meet and discuss the policy in detail. We reviewed all the details of our home, including square footage, floor coverings (hardwood, carpet, tile), upgrades to kitchens and bathrooms, outdoor improvements (screened porches, outdoor kitchens), as well as the basics of how many bedrooms, bathrooms, etc. were in the house. After about 50 detailed questions, Read on! →
Many of us are familiar with the Serenity Prayer. Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control. Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable. In financial planning, there are aspects which are “known” and entirely in your control. There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome. A well-constructed plan dives into the details of your life, documents the known factors, and makes educated assumptions about what the future might hold and predicts an outcome. Some of the assumptions however, are made in areas that are entirely out of your control and therefore can sometimes seem like a shot in the dark. So what does all of this mean for a secure future? For retirement planning to be most successful, you must distinguish which areas you can control and those you Read on! →
We all know the significance of April 15th each year, but do you know why April 16th is also important for you and your family? April 16th is National Healthcare Decisions Day. The goal of this “National” day is to inspire, educate and empower the public about the importance of advance care planning. Advance care planning involves taking the time to carefully consider and document your preferences around end-of life care. It also includes the act of legally designating and empowering an agent to make healthcare decisions on your behalf if you were to become unable to do so for yourself. Although these can be uncomfortable topics to consider, approaching these conversations proactively will allow you to stay in better control of the future, whether you are able to personally voice your preferences, or are reliant on someone else. The primary benefits of advance care planning include; Careful consideration of your wants and desires at end-of-life Documentation of those desires, including life-sustaining measures to be avoided or applied Requests for specific comfort measures , surroundings or companions as death approaches Read on! →