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.

By: Harris Financial Advisors | On: April 4, 2018 | Category: Long Term Planning |

Is Long-Term Care Factored into Your Retirement Plan?

A good retirement plan gives you a snapshot of your current situation along with multiple “what-if” future scenarios. Your plan is not complete until you factor in the great unknown – the future cost of a long-term care event for you or a loved one.

Injured PiggyBank Med

By: Harris Financial Advisors | On: September 12, 2017 | Category: Insurance, Long Term Planning | Tags: HSA, retirement, tax, Tax Advantage

4 Reasons an HSA Can Be Good for Your Financial Health

If you haven’t heard of health savings accounts, or HSAs, now is a great time to learn. An HSA allows for tax‐advantaged savings that can be used to pay for medical expenses now or in the future. In order to qualify for an HSA, you must be enrolled in a high‐deductible health insurance plan. High deductible insurance plans offer low premiums in exchange for the insured person or family taking on high deductibles.

Women and Retirement Income Literacy – Can You Pass The Quiz?

We women live longer than men, and many of us will be on our own at some time in the future.  At age 65, we can expect to live another 20 years on average, and we will need to depend on ourselves more than ever to successfully navigate the retirement landscape.  Most of us cannot afford to make a major mistake and still ensure there will be time to recover.

Keeping Your Seat Pays Off

It is important not to give up long‐term gains for temporary short‐term stability. Not staying invested and choosing to pull out of markets until they’re less volatile can mean the loss of tens of thousands of dollars (or more).