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Voices of PSG

Voices of PSG

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...

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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...

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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. ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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Surviving the Bear Market

The past 13 months have been brutal for the stocks of many individual companies.   Consider the following data1: The Russell 3000 represents the 3000 largest US stocks or 98% of all US equities.  The average stock in this index is down 34.7% from its 52 week high. The...

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How Will Your Social Security Benefits Be Taxed?

Originally published at credit.com in August 2015, http://blog.credit.com/2015/08/how-will-your-social-security-benefits-be-taxed-122329/ Social Security is a massive government program with hundreds of billions of dollars running through it. In fact, $863 billion was...

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Personal Finance: The “Soft Side” of Retirement

I ran into a friend over the recent holidays and I found myself in a conversation about the “soft side” of retirement. My friend is an architect, eventually the conversation got around to our ages and if we are going to retire. My architect friend said he loved his...

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The Personal Finance Handbook

Planning Solution Group’s very own Brian Kuhn, CERTIFIED FINANCIAL PLANNER TM , has published his second book, “The Personal Finance Handbook: All the Best Personal Finance Questions & Their Answers”.  It is available online at...

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Volatile Markets and Annuity Sharks

As the stock market has moved through gyrations the last few months based on fears about Greece, interest rate hikes from the Fed, and slowing GDP growth in China, some investors may answer the siren song from a broker touting a variable annuity. Hearing the pitch...

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Quarterly Market Update – January 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...

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A Few Basic Planning Tips to Consider

Here are a couple simple tips we can all use to improve our financial outlook. Take the time to understand your employer’s benefits… It can be tough to focus on the fine print but make sure you understand your employer’s benefits such as employer matching on your...

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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...

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A Clear PATH to Tax Savings!

Each year the house of representatives ruins the holiday cheer by passing last minute tax legislation which could have saved taxpayers thousands of dollars if decisions were made earlier in the year. Finally, under the PATH (Protecting Americans from Tax Hikes) Act of...

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The Ugly Truth of Diversification

“The truism for all diversified investors is that they are not really diversified if they don’t hate something in their portfolio at the moment.” – Barry Ritholtz I absolutely love this quote written by Barry Ritholtz, a Bloomberg View columnist and founder of...

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Social Security Strategies Impacted

For several years we have been actively advising clients on how best to maximize Social Security benefits, as this program was such an important part of most retirees retirement income. I’ve been told there were over 500 different combinations of filing options for...

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Bank On – Hampton Roads

Bank On programs are locally-led coalitions of government agencies, financial institutions and community organizations focused on helping improve the financial futures of unbanked and underbanked individuals and families. The Hampton Roads/Virginia Beach region has...

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Your Life Stage

One of the first questions I am often asked when referred to someone new is … what should I be doing with regards to my finances? This can be a difficult question to answer as I have only just met the person. Each individual and/or family situation is unique and...

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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

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Planning Solutions Group, LLC