Select Page

Voices of PSG

Voices of PSG

Market Insight

Checking in with Small Business It’s been a nearly a year since I last highlighted the optimism expressed by small business owners in the monthly survey by the NFIB Research Foundation. With policy uncertainty high and the feeling that our politicians aren’t...

read more

Create a Strategy NOW to Transfer Your Business

The vast majority of businesses are closely held small businesses. Unfortunately, less than one-third of these businesses will survive from the first to the second generation. While there are many reasons, three of the more common include family conflicts, hefty...

read more

New Planners Join PSG

Planning Solutions Group, LLC would like to welcome and introduce two new advisors to our firm’s growing family of advisors. Paul Miguel and Jared Knowles have joined PSG to advise High Net Worth clients and business owners. Paul Miguel is an Executive Vice President...

read more

The Holidays: An Opportunity for Family Meetings

Here we are in mid-October with Thanksgiving and the December Holiday season right around the corner. Time moves fast! But, these holidays offer us an opportunity as our families come together during the holiday season for family meetings! But, for planning purposes,...

read more

The State of Financial Well-Being in America

The Consumer Financial Protection Bureau recently published a first of its kind view into the state of financial well-being in America based on data collected in late 2016.  Being a financial advisor to individuals I consider to be upper middle class or wealthy, it...

read more

Take the Vacation

One perk of being a financial advisor is that of also getting to be a vacation sales consultant. I am not saying the vacation sales gig is easy but it is rewarding, and often necessary to help clients follow through on their retirement plans. I have been fortunate...

read more

Succession Planning for Today’s Auto Dealers

PSG’s Don Hannahs is partnering with DealersEdge in offering a free Live Webinar for Auto Dealers. Successful Succession Planning for Today’s Auto Dealers, on Thursday, October 5th at 1pm EST. The Live Webinar is free. As more and more auto dealers start looking to...

read more

Congratulations (Or Not…) You Might Live to Be 100!

The headline is pretty exciting if you look forward to years of travel, reading, golfing, spending time with children, grandchildren and great grandchildren. Unfortunately, many of us will struggle with wondering, “Can I afford to live to 100?” This blog comes from...

read more

The Skinny on Long Term Care

or  "Just the Facts, Ma'am" Joe Friday of Dragnet fame from the 1950’s has the misattributed catchphrase “Just the Facts, Ma’am” to his character on that long running show. So, let’s take this approach and consider the following key facts about Long Term Care: 70% of...

read more

New Look to PSG Dashboard

On August 22, you may have noticed updates to the PSG Dashboard and your personal financial management site. Life is busy, so we’re making it even easier to see the financial information that’s most important to you. Here’s what’s changing: • A modern and streamlined...

read more

Simplify Your Life Week – use PSG Family Office!

August 1st - 7th is National Simplify Your Life Week Just as Spring can be a great time for cleaning and decluttering, late Summer can be ideal to sit back and evaluate ways to simplify your life. It is a time when many relax on vacation and wonder what they can do to...

read more

An Employee Benefit HR Shouldn’t Ignore

If you are an employee, you have come to expect health insurance and a way to save for retirement through your employer plan. Large fortune 500 companies are more likely to offer these programs than a local small business. While employees have access to benefits that...

read more

Do You Have a Family Wealth Transfer Plan?

Is your family like the ostrich with its “head in the sand” when it comes to passing your estate to the next generation? I am afraid so when you consider the following statistics: 75% of affluent families say it’s important to leave an inheritance to the next...

read more

4 E-mails You Should Never Open

Phishing emails are the #1 way hackers circumvent firewalls, filters and anti-virus software, so it is critical that you know how to spot a threatening e-mail. #1.  The Authority E-mail Phishing e-mails that impersonate your bank, the IRS or some authority figure are...

read more

Financial Planning for Fido

Berger is our 2.5 year old rescue dog. We think he might be an Australian Kelpie Cattle Dog from the streets of West Virginia. When we first brought him home from the shelter last August he wouldn’t stop shaking in fear. It took him at least 6 months to finally come...

read more

Market Insight – FOMC Meeting

The FOMC meets over the next 2 days with a policy decision tomorrow. The markets are telling the Fed to raise – expectations in the futures market are pricing a 98% chance for a rate hike. This would be the 4th hike in the past 18 months.  Slowly the Fed is taking...

read more

MARKET INSIGHT – Politics and Investing

From the land of you can't make this stuff up... Since Trump became US President in January: Performance of Mexican stocks:  +27.55% Performance of Russian stocks: (9.97%) Lessons:  Do not let behavior influence your portfolio.  Do not mix politics and investing....

read more

As the World Turns, Part 3

THE WORLD IS TURNING, WHERE IS YOUR PORTFOLIO? In 2014, I started to talk about the bull market run in the US Stock market and that it only made sense that there was a future US stock market correction and asset class performance rotation on the horizon. I have...

read more

When You Should Rollover Your 401k/TSP

When You Should Rollover Your 401k/TSP into a Self-Directed IRA We suggested in a blog last month that there are five circumstances where leaving your employer sponsored retirement plan with your employer would be a better choice than taking a plan distribution.  This...

read more

When You Should NOT Rollover Your 401K

When you Should NOT Rollover Your 401k/TSP into a Self-Directed IRA Many advisers automatically suggest that at retirement everyone should exit their employer sponsored plan and immediately invest in a Rollover IRA (with the adviser’s firm).  Yes, you (or ultimately...

read more

Music to My Ears – Providing Peace of Mind

As the Chief Investment Officer, quite often I am invited to speak to individuals to provide market and economic updates.  One of the most enjoyable was to a group of female executives and retirees recently in Annapolis.  “Ladies Night Out” was organized by Peter...

read more

Beware Possible Phishing Scams

Please be aware that there has been a recent influx of malicious emails being sent from Google Docs. The email doesn’t look quite right, but anyone who clicks through arrives at a login screen that looks almost indistinguishable from the same screen you’d see if...

read more

Market Insight – Goodbye Tax Day

The annual rite of scrambling for information to complete your taxes is behind us.  Hopefully you have filed your taxes with the IRS or filed for an extension.  Since yesterday was the official “Tax Day”, I thought it would be interesting to take a look at where your...

read more

PSG Family Office

Is handling your family’s financial affairs taking time that could be better spent with your family, or enjoying a hobby or even building your professional resume?  Or possibly you could use assistance with the responsibility of managing your parents’ financial...

read more

National Healthcare Decisions Day

April 16th marks National Healthcare Decisions Day in the US. Recognition of this day aims at educating and encouraging everyone to be proactive about making decisions related to advance care planning. Advance care planning discussions are typically related to a...

read more

Market Insight – Making History

We have just lived through quite a historical market event! It is very rare to have a period with such low amounts of volatility in stock market prices. Yesterday, the US stock market (S&P 500) ended its streak at 64 for the number of days without a 1% intraday...

read more

When Your Adult Children Surprise You

As I was titling this blog, I was first in a quandary to use the term children or adult children. My boys, or should I say young men, or men, are 28 and 24. They surprised me at our annual family meeting this year. We are in the fourth year of having this event as a...

read more

Market Insight – Warren Buffet Pearls

Last week, legendary investor Warren Buffett, appeared on CNBC.  Becky Quick, a reporter with CNBC, stated that the one question everyone asks when she meets with Buffet is, “What does he think about the stock market right now?”  Buffet’s reply was priceless.  I...

read more

Ignore the Bond Market Fear Mongers

On my drive into work, I heard a radio commercial from an investment expert warning investors that higher interest rates will be devastating to a bond or fixed income investor’s portfolio.  Obviously, he wanted listeners to call him right away.  I wanted to call and...

read more

Tax Help for Those Who Want to Save

It can be difficult for young people to save money and plan for their future retirement due to the many other competing financial choices that present themselves. A little known tax break can provide a big boost to low-income earners, such as young adult children. The...

read more

2017 Five Star Wealth Manager Award

It is with great pleasure that Planning Solutions Group (PSG) announces their planners that have been awarded the 2017 Five Star Wealth Manager Award, as recognized in Baltimore Magazine. The award acknowledges the quality services they provide for their clients. Our...

read more

Market Insight, courtesy Jon Giordani

Think back a year ago. Worries were many – China and Europe’s economic data, the collapse in energy prices, a possible US recession, etc. Global stocks had entered a bear market and many companies’ share prices were down 30% or more from their highs. A leading...

read more

How Much Are You Spending?

This is a question we ask of all our clients whether they are younger couples who are saving for college for their children and retirement, or high net worth folks who want to retire, travel, and gift to family and charity. It is a question we ask of all our clients...

read more

Creative Planning and The PSG Dashboard

Are you currently working with a financial planner who can evaluate your entire financial picture and identify all opportunities that might benefit your family?  Are you being educated on how your family can preserve the legacy you have worked so hard to create? For...

read more

Three Ways to Pay Down Your Student Loan Debt

Having student loan debt can seem overwhelming. The balances are large, the interest rates are not always low and the time frames feel endless. What may be most disheartening to student loan borrowers, is unlike other types of loans based on tangible assets like cars...

read more

Are Your Senior Parents Getting These Tax Breaks?

Do you help your aging parents with their finances and taxes? Are you taking advantage of all the qualified medical tax deduction opportunities for their situation? Some good questions to ask yourself and your parents are: Did you parents enter a Continuing Care...

read more

2017 Social Security Strategies

The Social Security wage base will be increased to $127,200 in 2017.  This is a $8,700 increase over the current wage base.  The Social Security tax of 6.2% and the Medicare tax of 1.45% will be applied to compensation up to those levels and paid by each employee. ...

read more

Trump Presidency: Economic and Market Thoughts

Donald Trump is set to take office in January as the 45th President of the United States.  His surprise victory caught many investors off-sides as pre-election positioning was for a Clinton win.  As a result, the global stock, bond, and commodity markets have been...

read more

Cyber Security Month

October was National Cyber Security Awareness Month. Technology is constantly changing/evolving and we need to ensure we are doing all we can to prevent potential cyber-attacks or infiltrations to our sensitive information. Passwords are a major consideration when...

read more

Retirement Graphs You Should Consider

When I meet with working clients, talking about retirement tends to illicit two polar opposite responses: 1. “Get me out now! I want to retire as soon as possible.” 2. “I love my job and will work as long as my mind is sharp.” For those of you in camp #1 who want to...

read more

Market Insight: The Election and your Portfolio

Over the past year, one of our core themes has been to expect market volatility due to the election.  The unexpected victory from Republican nominee Donald Trump may lead to increased uncertainty ahead.  With Trump, we do not have any past political track record or...

read more

Getting Back to Even

As my former colleague and legendary trader would quip when one of his personal investments would go south, “I feel like I spend my whole life trying to get back to even.”  I was reminded of him last week as I reviewed recent housing data.  Home prices have finally...

read more

Family Meetings – Where to Start

DO MY CHILDREN KNOW WHAT TO DO IF SOMETHING SUDDENLY HAPPENS TO US? Family Meetings, sound like a great idea, but where to start? I meet with clients who are worried about passing their children significant wealth. The concerns go from demotivating children to succeed...

read more

If I Were a Millennial…

What Would I Do? If I were a Millennial, which I am not, what advice would I like to receive today that would help me enjoy a successful career, a successful life, and happiness and contentment?  As a Baby Boomer we have seen plenty of good times and some rather scary...

read more

World Gratitude Day

Today, September 21st, marks the annual celebration of World Gratitude Day. At PSG this day represents significant meaning for our firm as we focus on being grateful every day of the year. This annual event provides us the opportunity to appreciate and express our...

read more

Light At The End of The Tunnel

After seven years,  US households are finally seeing a material pay raise.  The Census Bureau reported recently that the median US household’s income rose 5.2% (inflation adjusted) to $56,516 (see chart below).*  In fact this is the largest increase on a year over...

read more

Social Security Decisions for Widows and Widowers

The hardest moment as a financial planner, is when a long-time client passes away. The emotional toll on the surviving spouse, the family and even the adviser can be devastating. One of the ways I am able to provide value to my clients is upon the passing of a spouse....

read more

Sitting in Cash? Why?

Investors are sitting in cash. Consider the following news items from the financial services industry… In July, Morgan Stanley’s wealth management unit reported a 1% drop in profit margins. UBS reported a 16% profit margin decline in the second quarter. A June Merrill...

read more

Pitfalls When Heirs Inherit an IRA

Retirement plans are wonderful assets to pass onto your beneficiaries.  They are tax shelters that can continue to provide tax benefits (known as “stretch” strategies) for two generations.  Tax sheltered money grows faster than taxable money.  Careful attention to the...

read more

Time to Evaluate Your Current Estate Plan?

Properly planning your estate can save your family unneeded grief and stress while at the same time reducing or even eliminating the taxes on their inheritance. I would like to call your attention to some important legislation currently on the table that could...

read more

Your Annual Review and the PSG Dashboard

We hope that you are utilizing the PSG Dashboard to keep your financial life organized. The PSG Dashboard allows you to track and manage all of your important information including retirement plans, bank accounts, insurance policies, credit cards and estate documents...

read more

What To Do With $200 million

previously published at: http://eutawstreetreport.com/manny-machado-contract-financial-advisor/ I have no idea how large or for how many years the contract will be that Manny Machado signs when he becomes a free agent in 2018.  If he gets the kind of staggering money...

read more

Quarterly Market Update – July 2016

Please take a moment to view our latest PSG Market Update (by clicking on image below). We encourage you to contact your PSG advisor with any follow-up questions. Feel free to also share this pertinent information with friends or business associates who may be...

read more

Getting Close to Your 65th Birthday?!

There are many decisions to make when you approach age 65; When should I retire?  How do I plan for my retirement income?  And, most importantly, Medicare, your healthcare coverages! We recognize that all our clients approaching 65 and retirement need competent advice...

read more

Rebuttal to a Kiplinger Article

I am writing this as a direct response to Michael Reese’s article in Kiplinger Magazine on June 9th, 2016 (Is a 401(k) Really the Best Way to Save for Retirement). In short, I respectfully disagree with the premise of his article and find the blanket, one size fits...

read more

BREXIT comments from Jon Giordani

Dear PSG Client, Last week, a majority of British citizens voted and voiced their opinion that the United Kingdom should leave the EU ("BREXIT"). This was quite a surprise since both polls and odds makers showed the "remain" vote was ahead just prior to the...

read more

Resist the Urge to Tinker

At Planning Solutions Group, we help many families and businesses develop an investment strategy to meet their goals and financial objectives. After establishing the plan, we offer ongoing advice on the portfolio assets. Every day we make decisions about what to do...

read more

PSG Dashboard – What’s Next?

Now that you’ve been introduced to the PSG Dashboard and you are using it to track and manage your accounts, the next step is to meet with your Advisor at Planning Solutions Group to update or create your financial plan. We will identify your goals and objectives,...

read more

Your 401K and the Department of Labor Rules

As a Business Owner, Human Resource Professional, or Future Retiree, the Department of Labor recently issued a historical ruling known as the “Fiduciary Rule”. This controversial rule, which was opposed by many investment firms, should be viewed as a victory for...

read more

Individual Investor Study Sets Off Alarm Bells

I was stunned as I left my recent meeting with Natixis Global Asset Management, an investment firm that oversees more than $800 billion globally. Yes, the last 18 months have been frustrating for investors as markets have whipsawed up and down. However, this nor their...

read more

Five Questions to Ask a Potential Financial Planner

How do you charge? This is an obvious one. What you are looking for is to fully understand the answer provided. This is harder than it sounds. If you don’t come away from that question knowing exactly what you might be paying up front and over time, something isn’t...

read more

What Kind of Retirement Plan are You Using?

As a Financial Advisor, sometimes we see people whose behavior mimics the stock market – we encounter bears and bulls.  Bears are too busy to focus on their family planning,  they prefer to put their heads in the sand and hope the big wave never comes. Bulls are too...

read more

Quarterly Market Update – April 2016

Please take a moment to view our latest PSG Market Update (by clicking on image below). We encourage you to contact your PSG advisor with any follow-up questions. Feel free to also share this pertinent information with friends or business associates who may be...

read more

Our new PSG Dashboard

We are excited to announce our new PSG Dashboard. The PSG Dashboard is an innovative client portal and dynamic, advisor driven, financial planning solution that not only provides a refreshing client portal which allows our clients to have all of their financial...

read more

Five Ways to Look Ahead to Next Years Taxes

Just finishing your tax return for 2015 and it’s not looking too good? Well, there isn’t much you can do now to fix last year’s return but here are five ideas you can use to make sure 2016 is a better year between you and the IRS. 1. Increase retirement plan...

read more

Potential Tax Law Changes

Tax Law changes keep all of us busy and alert. It is our job to help monitor the potential changes that our clients face so that we can proactively address and evaluate the impact of tax law changes. Most clients don’t have the time to keep current on tax law changes...

read more

Announcing the New PSG Dashboard

Planning Solutions Group Launches the PSG Dashboard Planning Solutions Group, LLC, a comprehensive financial planning and independent wealth management firm in the Baltimore/DC Metro Area, is excited to announce their new PSG Dashboard. The PSG Dashboard is an...

read more

Ten Essential Moves Ten Years Before Retirement

1. Organize: Start putting together an inventory of investment accounts, legal docs, insurance policies, other assets and liabilities. At PSG, not only do we help our clients get organized but we provide them with an online portal called the “PSG Dashboard” where this...

read more

Five Ways to Cut College Costs

You can be successful without graduating from college, but numerous studies have shown that getting a post-secondary education greatly increases your chances of having a solid career that pays well.  Expensive tuition and other costs can make college seem out of reach...

read more

Maryland Office
8161 Maple Lawn Blvd, Ste 400, Fulton, MD 20759
Phone: 301-543-6000 Toll Free: 888-740-3501

Virginia Office
2247 W. Great Neck Rd, Ste 201, Virginia Beach, VA 23451
Phone: 757-271-8824 Toll Free: 888-740-3501

© 2012–2016
Planning Solutions Group, LLC