Diversifying-Investment-Program-watch

By: Harris Financial Advisors | On: March 7, 2019 | Category: Financial Planning |

Now is the time to diversify your investments

With the majority of the first quarter of the year behind us, investors need to examine their portfolios to ensure they are properly diversified and positioned to succeed during the rest of 2019.
We generally recommend that clients diversify portfolios globally across stocks, bonds, real estate, commodities and cash. The specific allocation among these asset classes depends on a number of different factors, but establishing an appropriate strategic asset allocation helps clients weather sudden market swings, manage risk, and pursue their long-term financial goals.

Harris Financial LTC Ins Options-Looking Glass

By: Harris Financial Advisors | On: February 20, 2019 | Category: Financial Planning |

Long-Term Care Insurance Options:
Multiple Views, Different Angles

January 2019 brought news that several long-term care (LTC) insurance carriers will significantly increase their customers’ premiums over the next few years. This development is significant for individuals and couples who are wondering if they need long-term care plans and, if so, what they can do to ensure their plans offer sufficient and affordable coverage.

EstatePlanningTipsforWomen-Walking the Path

By: Harris Financial Advisors | On: February 5, 2019 | Category: Financial Planning |

Women and Estate Planning: What You Need to Know

Studies repeatedly show that many women have longer life spans than their partners but at some point may face challenges that come with aging, such as widowhood, or physical or mental decline. We recommend women take steps to build their support networks and make plans throughout their lives to ensure their financial well-being and security. Often overlooked, estate plans should be part of every woman’s long-term financial journey.

Starting the Year Strong-Happy New Year-Harris Financial Advisors

By: Harris Financial Advisors | On: January 8, 2019 | Category: Financial Planning |

Starting Strong in 2019:
Your Financial Planning and Fiscal Health

Despite the year-end volatility in markets during December, we continue to remind our clients that the first weeks of any New Year are an opportune time to review their financial planning strategies and to strengthen their fiscal health in areas they can control during market fluctuations in the coming year – and beyond.¹ Harris Financial Advisors suggests taking the following steps these first few weeks of 2019.

Asses Your Risk Tolerance-Writing on Clear Board

By: Harris Financial Advisors | On: December 12, 2018 | Category: Financial Planning, Long Term Planning |

Assess Your Risk Tolerance for the Year Ahead

With the recent volatility in the stock markets, it is a good time for investors to review their risk tolerance. A formal risk assessment can provide valuable information that investors can use to form a baseline from which to make financial decisions, even amid market fluctuations and changes in life and work.1 While no specific risk level is better than another, it is important to understand where you fall on the risk spectrum so you can apply that information toward your financial planning and investment strategies. Are you unsure of your risk tolerance? Asking for a formal risk assessment from your financial advisor is a great place to start.