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More Tips for Identity Safety

Brenna Baucum - Tuesday, September 19, 2017

Another week has passed since we’ve checked in with you on the Equifax data breach. We hope by now that most of you are starting to feel better about the security measures you have put in place. Aside from the ideas we’ve already discussed in previous blog posts, here are a few more ways to keep yourself and your finances safe: Read Entire Article Here

Update: Equifax Data Breach

Brenna Baucum - Thursday, September 14, 2017

Last Friday, we sent an email to our client families sharing what we knew of the Equifax data breach and a few additional suggestions of what they may want to do to protect their identity during this upsetting time. Since then, we’ve received several questions and wanted to share answers and updates.   Read Entire Article Here

Equifax Data Breach

Brenna Baucum - Saturday, September 09, 2017

As many of you heard on this morning’s news, Equifax – one of the largest credit agencies in America – has been hacked. Nearly all U.S. adults have their credit histories on file with the three credit bureaus Experian, Transunion and Equifax. That means that this may be one of the largest comprehensive data breaches in history, impacting over 143 million consumers. The breach revealed sensitive personal information including names, Social Security numbers, addresses, birth dates and driver’s license numbers. As caretakers of your nest egg, we will be carefully monitoring your accounts for any suspicious activity. Here are two additional steps you can take:  Read Entire Article Here

September Newsletter

Brenna Baucum - Friday, September 01, 2017

Every quarter, we collaborate as an office on the top concerns and questions we're hearing about from you, our clients. Those topics are the seeds that grow into our newsletter articles. As we make our way toward welcoming fall, here's what this newsletter can help you learn about: Read Entire Article Here

Getting the Most Out of Retirement

Ron Kelemen - Wednesday, August 02, 2017

We read a lot about retirement and counsel clients to it and through it.  So for us, it is hard to read anything new or refreshing about it (not withstanding Ron’s 2013 Confident Retirement Journey).  However, every once in a while, a good article or book on the subject catches our attention.  The latest is Sally Balch Hurme’s Get the Most Out of Retirement: Checklist for Happiness, Health, Purpose and Financial Security.  It’s full of common sense practical tips, and it’s not all about money.  The best thing about retirement, she says, is control over your own schedule.  She outlines the Five P’s of Retirement:  place, people, possibilities, purpose and passion.  If you don’t have time for her book, she has a good summary at Next Avenue.org, a retirement-focused website run by Minnesota PBS. Enjoy! Read Entire Article Here

Will Social Security Be There for You?

Ron Kelemen - Tuesday, July 18, 2017

Every July the trustees of the Social Security Trust Funds for the Old-Age & Survivors and Disability Insurance (OASDI) release their annual report on the health and long-range outlook of Social Security.   The projections are based on numerous actuarial assumptions, which you can find in their 2017 Trustees Report.  (The ones in the figure below are their intermediate assumptions.)  The good news is that more money is still coming into the funds than going out.  Payments to beneficiaries come from these reserves, interest earnings, and payroll taxes.  The reserves will be depleted by 2034, the same as projected last year.  At that time, benefits can only be paid by incoming payroll taxes, projected to be 77% of what beneficiaries are scheduled to receive.  That is if nothing is done between now and then.  The report projects that increasing the payroll tax by 2.83% could extend the longevity of the trust fund to 2090 and beyond.  But more likely, a combination of fixes could accomplish the same thing.  So, ignore the scare rhetoric about Social Security going bankrupt.  Beneficiaries will still get full benefits through 2034, then about 23% less after that.  So yes, Social Security will still be there for you, and in our opinion, It’s still a good deal. Read Entire Article Here

How Confident Are You About Your Retirement?

Ron Kelemen - Wednesday, July 12, 2017

It takes confidence to retire. You need to know if you'll have enough financial resources to see you and your spouse all the way to the end. You also need to know what you're going to do to stay connected with people, your reason for getting out of bed each day, and how you're going to make your retirement fulfilling. Based on the Employee Benefit Research Institute's (EBRI) 27th Annual Retirement Confidence Survey, Americans need a boost of well-grounded retirement confidence.  Here is our take on the latest results: Read Entire Article Here

Our 2nd Quarter Update is Here

Ron Kelemen - Friday, June 30, 2017

Happy Summer!  You can view our portfolio and economic commentary for the 2nd quarter of 2017 by clicking here.  Be sure to note the special announcement on page 4!  As usual, we welcome your feedback. Read Entire Article Here

Our Latest Newsletter is Here

Ron Kelemen - Monday, May 15, 2017

Happy Spring!  We’re pleased to send you the link to the May issue of The H Group, Inc. | Salem Financial Perspective newsletter.  We discuss the latest retirement confidence survey, saving and paying for college, proposed tax legislation, money attitudes, and our team update.  Plus, we include a bonus photo and update of Brenna and her new baby.  As always, we welcome your comments.  If you would prefer to download a PDF version, click here.   Enjoy! Read Entire Article Here

April 23 is Tax Freedom Day

Ron Kelemen - Saturday, April 22, 2017

Taxes are on everyone’s mind this time of year, now that most of us have filed our taxes—or at least extensions.  Just how much taxes do we pay, and how long do we have to work each year to pay them?  According to The Tax Foundation, Tax Freedom day falls on April 23 in 2017, 113 days into the year.  The Foundation also calculates that: Read Entire Article Here


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