Barrett Scruggs’ Post

If you’re a fixed-income investor, you may want to consider taking advantage of current yields before the Fed carries out the anticipated interest rate reduction this year. In a recent Financial Advisor Magazine article, Coastal Bridge Advisors' Managing Director/Advisor, David James, shared his thoughts on the current appeal to yields on Treasury securities and high-grade corporate and municipal securities. “Reaching for additional yield by reducing the quality of your securities makes little sense,” he said. Read the full story here: https://lnkd.in/gsXHxg_a #FinancialAdvisor #Bonds #InterestRates Disclosure: This material by Coastal Bridge Advisors is for informational purposes only and is presented solely as an illustration of the typical advisor experience. Coastal Bridge Advisors does not provide tax or legal advice, and nothing contained in these materials should be taken as tax or legal advice. Unique client experiences and past performance do not guarantee future results.

SECU Trust Representatives are available to help guide you through the process of building an estate plan. Discuss your financial, medical, and other planning decisions for during and after your lifetime. To learn more about estate planning, including the services we offer, go online to https://lnkd.in/e-Z4yNwF today. State Employees’ Credit Union (“SECU” or the “Credit Union”), through Members Trust Company (“MTC”) a federal thrift regulated by the Office of the Comptroller of the Currency, offers estate planning resources and education to members. Trust products are not federally insured, are not obligations of or guaranteed by the Credit Union, MTC, or any affiliated entity, involve investment risks, including the possible loss of principal. This is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant.

Doug Kuring, CFP®, Vice President, and Financial Advisor at Wealth Enhancement was featured by Forbes in “What Is A Municipal Bond And How To Buy This Kind Of Security.” “Many municipalities are in good #financial shape, and as the Federal Reserve begins to lower interest rates, #investors will likely shift out of short-term Treasuries and into varying types of #bonds with longer maturities to lock in yields.” Access the full article written by Michelle Lodge here: https://lnkd.in/gWeuqZp8

Inheriting money can be a bittersweet experience, often accompanied by a mix of emotions. When that inheritance involves Canadian dollars (CAD) and you reside in the United States, you might find yourself faced with a unique set of financial considerations. One significant advantage you have as a U.S. person inheriting CAD is the ability to hold these funds with a reputable financial institution like Raymond James (USA) Ltd. (RJLU). By holding CAD with RJLU, you have the flexibility to choose when you want to convert your CAD to USD. Read our post for more insights on how to navigate your finances as a U.S. resident inheriting CAD. https://lnkd.in/gm2eDaSt

💡Joint Tenants with Right of Survivorship between a Parent and an Adult Child: 3 Benefits 3 Pitfalls. Click to watch the full video: https://lnkd.in/gpP8sAT5 Example: While it may seem like a good idea to set up a Joint Investment Account, it's important to be aware of the risks ➡️Benefit - Convenience when assisting with investments and finances ➡️Benefit - Ease of estate administration and the sole ownership of assets ➡️Benefit - Avoid or reduce probate fees depending on Province or Territory ➡️Risks - Loss of control and access to funds ➡️Risks - Exposure to creditors if in debt ➡️Risks - Marital breakdown and the division of assets *Decisions should be made based on your personal situation factoring all considerations within the context of your financial plan. Be sure to speak with your accountant and lawyer for specific questions regarding tax and legal matters. As things in our lives shift and change, it's important to review your Financial Goals. To revisit your Wealth Strategy, Click to Connect. 🔗Link in the comments below. 🙏Thank you for being part of the 212 community and supporting Financial Literacy #financialliteracy #investments #financialplanning #wealthmanagement #GTA #toronto #JTWROS

Inheriting money can be a bittersweet experience, often accompanied by a mix of emotions. When that inheritance involves Canadian dollars (CAD) and you reside in the United States, you might find yourself faced with a unique set of financial considerations. One significant advantage you have as a U.S. person inheriting CAD is the ability to hold these funds with a reputable financial institution like Raymond James (USA) Ltd. (RJLU). By holding CAD with RJLU, you have the flexibility to choose when you want to convert your CAD to USD. Read our post for more insights on how to navigate your finances as a U.S. resident inheriting CAD. https://lnkd.in/gqxc-t9e

Facing the loss of a loved one is incredibly difficult, and managing the financial aspects can be overwhelming. Our article offers key tips: take your time, consider paying off debts, decide on a future for inherited properties, and seek professional advice when ready. #WealthTransfer #Inheritance #FinancialPlanning https://lnkd.in/eBb7t4vu

Our Director Erin Macey was recently quoted in a WFYI article about the upcoming legislation that would further weaken Indiana's financial protections for Hoosiers. “Senate Bill 188 reduces the statute of limitations for someone to challenge an issue with their checking or savings account, such as being charged an overdraft fee that they felt was unfair, and it challenges the amount they could recover. The example that I gave in the committee hearing is that if I make four small purchases that I know I have the money for in my account, and then a larger purchase later that maybe I don't have the money for, and I anticipate I'm going to be charged one overdraft fee. Those transactions might be reordered and I get charged five overdraft fees. So that's one of the issues that might be challenged." Read the full article at https://lnkd.in/e8aeb_km. #Hoosiers #Indiana #financialprotections #finance #banks #overdraft #overdraftfees

Facing the loss of a loved one is incredibly difficult, and managing the financial aspects can be overwhelming. Our article offers key tips: take your time, consider paying off debts, decide on a future for inherited properties, and seek professional advice when ready. #WealthTransfer #Inheritance #financialplanning https://lnkd.in/ePZn-UnG

Here are a few general financial planning philosophies that I share with my clients: 🔘 Have a personal awareness and knowledge of cashflow. Know how much is coming in and what's going out. At a minimum going through budget 1x each year 🔘 Most people need to save at least 20% of their gross income to be on track for long-term financial goals, including retirement and college education 🔘 Depending on occupation and net worth considerations, most people should have 3-6 months’ worth of bills in liquid savings as an emergency fund in the event of loss of income due to unemployment or disability 🔘 3% is a conservative assumption for annual inflation growth 🔘 If at all possible, pay off all credit card balances in full every month 🔘 Focus debt repayment on highest interest rate debts first 🔘 Housing expenses should not exceed 40% of your take-home pay; a good rule of thumb for purchase price is 3-5x annual gross income 🔘 The best financial plan in the world is worthless if it is not implemented 🔘 It is typically advisable for clients to establish a will and living trust through a qualified estate planning attorney to avoid probate expenses, appoint guardians for minors, and organize their affairs *This is not financial advice and you should work with a CFP professional to meet your unique needs #FinancialPlanning #Invest #Save #Money #CFP