Tag: Cathy C. Miller

Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity

As of July 30, the national average rate for a 30-year mortgage has fallen to 2.99%, with an average of 0.8 points paid, while 15-year fixed rates have fallen even further with an average of 2.51% and .7 points paid, according to data from Freddie Mac.1 Mortgage rates have plunged to the lowest levels in decades, and continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the fall.

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Strategies to Grow Your Wealth During the Pandemic

During times of market turmoil and economic uncertainty, its tempting to focus exclusively on risk – risk to your portfolio, your income and your plans for the future. And making sure your portfolio is aligned with your appetite for risk and with your time horizon for investing is critical.  But focusing exclusively on the risk of losing money can lead investors to overlook the opportunities market declines may bring. Baron Rothschild, an 18th-century British nobleman and member of the renowned Rothschild banking family, is famously credited with saying that “the time to buy is when there’s blood in the streets.” He took his own advice and made a fortune in the panic that followed the Battle of Waterloo against Napoleon. 

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Tools to Survive (and Thrive) During Tough Times

Resiliency is one of the characteristics I most admire in others, and that I have always tried to foster in my children and live out in my own life.  And we certainly have an opportunity in these unusual times to practice it on almost a daily basis. One of my favorite quotes on the subject speaks to the personal growth that can come from difficult times: “On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin.” — Gregory S. Williams I am sure many of you have developed ways to cope and even thrive over the last few weeks as you have adjusted to the “new normal” that comes with quarantine and social distancing.  But I wanted to take this opportunity to share some of the best resources we have found to help us all emerge on the “other side of the storm” stronger than we began.

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5 Ways to Stay Confident in Retirement – Step 1

Today’s retirees are living longer than ever before and experiencing retirement in new ways.

Gone are the days when people worked 50 years for the same employer, retired on a predictable pension, and settled down into a quiet lifestyle.

Today’s retirees are more active—with baby boomers controlling 70% of the country’s disposable income. They’re traveling the world, learning new skills, and redefining what creates a retirement community. With 10,000 boomers retiring daily, this drive to enjoy a vibrant retirement is becoming more common.

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Is There “Life” after the Stretch IRA for Your Estate Plan?

In the last addition of our newsletter, my colleague Chris Blackmon covered some of the tax implications of the newly-enacted SECURE Act. As you may know, the SECURE Act (which stands for “Setting Every Community Up for Retirement Enhancement Act”) was signed into law in late December and became effective January 1st of this year. As Chris outlined, the Act makes significant changes to how retirement accounts can be funded, drawn down, and passed on to the next generation. While many of these changes have obvious tax ramifications, in this article we want to explore further the less obvious estate planning impact of these changes.

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Are you prepared for alimony to stop? Three ways to improve your finances if you’re getting alimony

A few months ago, I saw a sale sign in front of my neighbor Gina’s house. She’s lived on my street even longer than I have, so I was surprised that she was selling her home. I bumped into her a week later at the supermarket and asked her where she was planning to move. She told me (with some regret) that she was downsizing to a less expensive house. The alimony payments she’d been getting from her ex-husband had ended last year, and she hadn’t prepared for the loss of that income. She soon realized she could no longer afford to live in her home.

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Hear How Atlanta Financial Makes Life’s Journey Richer

Atlanta Financial TV is home to a variety of videos that allow clients and associates to obtain knowledge, insight and experience. Tune in to learn more about our approach to comprehensive wealth management.to comprehensive wealth management.

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