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Financial Planning Blog

Why Market Timing is not a Smart Investment Strategy

“Buy low, sell high.”

It’s every investor’s dream to make a profit on their portfolio by timing the buying and selling of equities at just the right period in order to make a considerable profit. Perhaps it’s based on the current activity of a stock or asset, market news, or economic indicators. Whatever the motivation, timing the market means you are trying to predict that you will do better economically over the long term based on short-term indicators if you move in and out of the stock market or change your asset mix.

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Annuities: Responding to the Critics

From Legendary Financial Advisor, and Thought Leaders, Randall and Neal Richard of Richard Brothers, Financial Advisors:

Annuities are a popular option among investors, but some financial firms are critical of these products. Ken Fisher of Fisher Investments, for example, offers harsh criticism of the annuity industry as a whole. He compares annuities to Ponzi schemes, suggesting  that they offer promises that are too good to be true in order to get naive investors to make a purchase. He also accuses annuity salespeople of using unscrupulous tactics to manipulate clients and pad their commission.

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Should You Take Social Security Now or Later?

You’ve been paying into Social Security for years, and now you’re eligible to apply for benefits. Should you apply to receive your Social Security income immediately? Or should you wait and receive larger payments?

It’s a good question, and the answer depends on a lot of individualized factors. Here are a few:

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Are you Eligible for Additional Military Pension Benefits?

It’s estimated that there are currently over 25 million people eligible for some form of Veteran’s benefits. However, if you or your spouse is a qualifying veteran, you may not be aware of an additional pension benefit to offer help with specific medical expenses – the Aid and Attendance Pension provided through the Department of Veterans Affairs (VA). This benefit can be a critical factor to consider for wealth management and retirement planning—and it is largely unknown.

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Why Choose Maine for College and Career?

The current cost of a four-year private college is $45,370, according to the College Board. Even an associate’s degree can be expensive, averaging $11,580. Now for the good news: For those students who attend college in Maine, there are some great financial incentives to cover college education costs. Two of these are the NextGen College Investing Plan and the Opportunity Maine Tax Credit. This blog post covers the highlights of these two plans. For more specific information to see if you or your child qualifies, visit the appropriate website.

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