Author - Sherrill St. Germain, CFP®

1
What Should You Do With Your Investments When the Market Crashes?
2
Should You Buy Long Term Care?
3
Your life insurance – Can you take it with you? “Post-Pink Slip” Lesson #2
4
NAPFA’s Top 5 “New Perspectives”
5
What Does a Career Change Cost? (Part 2)

What Should You Do With Your Investments When the Market Crashes?

Q: Every article I read says to stay the course and leave my money where it is through this crisis, but our retirement accounts have gone down a lot, and everyone I talk to is pulling their money out of the stock market. Quite frankly Sherrill, we’re a bit nervous. While I know we’re not supposed to panic – we are! So…my question is…should we be pulling our money out of stocks for some time? Please let me know. I know the stock market has always rebounded, but we seem to be in uncharted waters here.

A: It sure …

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Should You Buy Long Term Care?

Q: How do I evaluate long term care insurance for myself and my spouse?  We’re both 45.  I heard it’s better to buy it when you’re young.

A: With the way the winds of change are blowing, it probably is a good idea to look into buying long term care insurance now vs. waiting.  Why?

  1. The price of long term care (LTC) has been increasing dramatically, a trend expected to continue for the foreseeable future.  Depending on the extent of the care needed, even individuals with substantial assets may have trouble covering these costs on their own.
  2. The price of
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Your life insurance – Can you take it with you? “Post-Pink Slip” Lesson #2

In my last post, I mentioned that I took several important points away from my session with Manchester, NH-based Dynamic Networking Group.  Lesson #2 in this series is a short and sweet one: If the life insurance provided by your employer is crucial to your family’s financial well-being, check now — before your job is at risk — to make sure you can take it with you in the event of a layoff.  If it isn’t, you’ll want to look into obtaining a private policy that will cover you no matter your employment status.  (Ditto if your employer policy …

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NAPFA’s Top 5 “New Perspectives”

If you ever wished you could be a fly on the wall at a financial planners’ conference, here’s your big chance!  Alternatively, if that sounds about as appealing to you as watching paint dry, this “Reader’s Digest version” might be just what you’re looking for.   So here they are: my key takeaways from the recent “New Perspectives” Conference for the Northeast/Mid-Atlantic chapter of the National Association of Personal Financial Advisors (NAPFA).

1.  The shape of the recession –  Speakers who addressed this tended to doubt we’ll see the classic V-shaped recession, the best-case scenario whereby things “snap back” to normal

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What Does a Career Change Cost? (Part 2)

Making a Career ChangeCh-ch-ch-ch-changes… Every year, trees do it beautifully. For them, change comes at little or no cost. The same is true for some lucky career changers, who happen to want a change that doesn’t require a major investment in additional education or business start-up costs, a big pay cut, a period of under- or unemployment, or an expensive relocation.

But for others, the numbers can really add up. This isn’t necessarily a dealbreaker since, for most, it’s not all about the money. But as discussed in the previous post, you’re better off doing the math before your leap than finding out …

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