Financial Lingua Franca
For anyone new to investing (and even for those who are not so new) the financial terminology used by investment professionals can be unfamiliar and a bit confusing. When...
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Parsec Financial Posts
How To Get Your Children To Own Their Financial Future
I am often asked how to raise a financially literate child. It seems easy enough, right? We help them with some terminology, coach them to have financial discipline and...
How Parsec Monitors Investment Securities
Parsec invests in a variety of securities for its clients. These may include mutual funds, exchange traded funds (“ETFs”), and individual stocks, among others. All of these investments...
Swinging and Investing Despite Overconfidence Bias
If you’re a bogey golfer, you’ve probably had your share of three putts (and sometimes four), but I’m willing to bet you haven’t experienced anything like what happened to...
What Are RMDs and QCDs?
I joined Parsec last November, and one of the big workstreams underway was Parsec advisors working with their clients on their required minimum distributions (RMDs) since the CARES Act...
Know Thyself – Are You a Trader or an Investor?
I heard about a study that found people were more likely to vote if you ask them, “are you a voter?” as opposed to, “do you plan on voting?”...
IRA Contribution Rules
The maximum individual retirement account contribution for 2021 is $6,000 ($7,000 if aged 50 and over). The question of choosing between a Traditional IRA and Roth IRA largely comes...
When Should You Take Social Security?
The ages between 62 and 70 are a critical time for determining how and when to take Social Security benefits. There are many options when it comes to this...
How Do I Apply for Social Security Benefits?
You’ve worked hard, met with your financial advisor, determined when to take Social Security and you are set to retire … now what? Many retirees get to this point...
To Everything There Is a Season — Is Downsizing on Your Horizon?
“To everything (turn, turn, turn) There is a season (turn, turn, turn) And a time to every purpose, under heaven A time to build up, a time to break...
Crafting a Retiree Health Care Plan
At the heart of life’s goals is our health. Having good health is central to all the plans we have.
How Social Security Fits Into Your Retirement Plan
Social Security is a critically important part of your overall financial and retirement plan that will be around for generations to come. The decision to claim or delay benefits...
