Imagine the markets decline 15% on your first day of retirement! Your $500,000 nest egg is now worth $440,000. You will need an almost 18% rebound to recover. What if the opposite were true? The markets increase 15%. Your $500,000 is now worth $560,000. In retirement, you can do everything right - you save diligently, [...]
Who Do You Rely on For Your 401(k) Investment Strategy? By Yvonne Marsh, CFP®, CPA Did you know that 6 in 10 people think their 401k will be their biggest source of income in retirement? Which makes sense when we consider that over 73% of the employer pension plans that existed 20 years [...]
The Retirement Road Trip By Yvonne Marsh, CFP®, CPA Retirement is like a long road trip with 2 options. You can use a map and take the highway, where there are well-maintained roads and gas stations at regular intervals. You enjoy the journey, confident and relaxed. Or you can take the backroads with [...]
Your Biggest Financial Threat in Retirement Might Surprise You By Yvonne Marsh, CFP®, CPA While most retirees worry about stock market downturns, an even bigger financial threat is an unexpected health event that Medicare doesn’t cover. The average cost of home health care and assisted living is over $40,000/year and a full-skilled care [...]
What's Hiding in your Bond Portfolio?FINRA (the Financial Industry Regulatory Authority) periodically surveys people about their financial knowledge. It asks respondents to rate themselves as to how financially knowledgeable they think they are. In 2015 76% of people rated themselves as having a “high” level of financial knowledge, giving themselves a score of 5 [...]
The U.S. economy finished 2017 with another strong quarter. GDP grew at an annual rate of 3.2% in the third quarter (the fourth quarter is still being tallied) and is estimated to be 2.3% for the year. That growth coupled with low inflation and stable unemployment powered the markets to even [...]
Yvonne Marsh appears on WVLT Recently, our own Yvonne Marsh appeared on WVLT's "Everyday Solutions" program with Whitney Kent to discuss some common mistakes people make when planning for retirement. You can view the segment which appeared on the 12:00 news below.
Almost every sector of the stock market continued to make gains in the third quarter. Small cap stocks, as measure by the S&P 600 SmallCap index led the increases with a 6% gain, followed by large cap stocks (S&P 500) which gained 4%. The S&P 400 MidCap Index was up 3%. [...]
Everything Knoxville Magazine June, 2017 For the June, 2017 issue of Everything Knoxville magazine, Marsh Wealth Management has the distinct honor of being featured on the cover. Inside the magazine is an excellent two page feature story, including interviews with our own Mike and Yvonne Marsh. Of particular interest in this article [...]
The second quarter of 2017 was another good quarter for the markets. Equities added several percentage points pushing year-to-date gains into the double digits in several sections of the market. The S&P 500 (SPY), which measures large-cap stocks, gained 2.6%. Smaller stocks continued to lag their large cap counterparts. The S&P [...]