Blog

Understanding Retirement Savings: No One-Size-Fits-AllRetirement planning is like navigating a vast sea with countless routes and variables. While traditional wisdom may suggest saving a certain...

Understanding Fiduciary ResponsibilityIn the financial advisory industry, the term "fiduciary" acts as a badge of trust. Advisors holding Series 65 or 66 licenses can legally call themselves...

Understanding the AppealMoving to a state with lower income tax rates is an enticing prospect for many Americans seeking to maximize their disposable income. With promises of significant savings,...

Understanding Portfolio RebalancingPortfolio rebalancing is a crucial yet often overlooked task among do-it-yourself investors. It involves realigning the weightings of assets in a portfolio by...

Understanding the Impact of Fear on Retirement PlanningRetirement planning can often feel daunting and overwhelming. A common hurdle many face when planning for their golden years is FEAR. The fear...

The Temptation of Using Excel for Retirement PlanningMany individuals find comfort in using Excel spreadsheets for charting out their retirement plans. It's almost a monthly ritual for people to...

The Importance of Retirement PlanningAt CochranMickels Retirement Specialists, we have always recognized the profound significance of financial and retirement planning. Ensuring a comfortable and...

The Changing Face of RetirementRetirement has long been seen as a predictable chapter in life's journey: a period of rest and reflection following decades of hard work. However, the landscape of...

Balancing Opportunity and Potential LossUnderstanding your risk tolerance is crucial in making informed investment decisions. Risk, by nature, is dual-faceted—it’s both an opportunity for gains and...

What are CRS and ADV-2?The CRS (Client Relationship Summary) and ADV-2 (Part of the Form ADV) are critical documents that financial advisors must provide to clients. These documents offer in-depth...

Empowering Advisors: Constructing Tailored Portfolios for ClientsFor financial advisors, the art of portfolio construction is not just about picking stocks or allocating assets; it's about crafting...

Static Financial Planning:Fixed Assumptions: Relies on unchanging assumptions regarding income, expenses, growth rates, and other variables.Set Timeframe: Designed for specific periods (e.g.,...

Investing in mutual funds can be an excellent way to grow your wealth, but it’s essential to understand the various expenses associated with these investment vehicles. Mutual fund expenses can...

Millions of Americans have long faced financial challenges due to outdated provisions in the Social Security system. However, hope arrives in the form of the Social Security Fairness Act, signed...

As we enter 2025, the discussion around retirement strategies has never been more vital. With over 10,000 Americans turning 65 each day, planning for retirement is on the minds of many. This age...

If you have spent any time on social media lately, you've likely encountered the buzz around ROTH conversions. But before jumping on the bandwagon, it's crucial to understand the complexities...

Market Recap Week of Nov. 11 through Nov. 15, 2024 The S&P 500 index fell 2.1% this week as stronger-than-expected retail sales and comments by Federal Reserve Chair Jerome Powell led to...

If you participate in a 401(k), ESOP, or other qualified retirement plan that includes ownership in your employer's stock, you need to know about net unrealized appreciation.When you make a...