Blog

Why Gage Hired a Personal Trainer

“A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others.” -Ken Schramm
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When Should You Claim Social Security?

If your retirement income stool only has two legs, you should be more concerned with having a secure floor.
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Claiming your Spousal Social Security Benefit Early

Can a spouse take their spousal benefit before they could take their own benefit?
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2020: Health Insurance Pre-Medicare

Planning for healthcare is highly individualized and the expected costs could vary greatly based on the type of coverage available, your age, gender, health status, and geographic location. Getting a grasp on how these factors affect your situation can help to make more reasonable assumptions when planning for retirement pre-medicare.
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Don't be a Retirement Maximizer

“The Secret to happiness is low expectations” - Barry Schwartz
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Don’t Lose Sight of What Matters

Health is not the weight on the scale, success is not the size of the portfolio.
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What Gage Learned from Riding Porcupine Rim

Porcupine Rim is one of the most technical and dangerous rides in Moab, Utah and Gage thought it was a good idea for him to ride down it.
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What Got You Here, Will Not Get You There

Historically, the majority of accidents on Mt. Everest do not happen on the way up but rather, on the way down.
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Is Social Security Going to Run Out?

Many retirees rely heavily on Social Security as a source of retirement income and fear it will run out of money.
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The Benefits of Just-in-Time Learning

It is likely you have picked up information about retirement planning along your journey, but it is unlikely that you remember all the details and nuances. Or worse yet, the information you learned in the past is no longer relevant!
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Think Strategically, Act Tactically

Most people have a goal of having a successful retirement, but they don’t really plan out how they are going to achieve this.
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Western Reserve Capital Management Cookbook

About six months ago I began making my own sauerkraut. Since then, I have been asked by friends who visit my house, "What is in those jars, and why are you making this?" Part of my answer is, is that it saves money and the other part of my why is the health benefits. It also doesn’t hurt that making sauerkraut is a good work out for you!
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What rabbits can teach you about investing

In investing, you have to make decisions based on incomplete facts. You must embrace the uncertainty and estimate the probability of various outcomes.
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The Guide to Accessing Your "my Social Security" Account Online

Accessing your "my Social Security" account online is easy and necessary to view your estimated benefits before age 60.
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Don't Just Do Something, Stand There

What is Action Bias? There are times people have an impulse to act in order to gain a sense of control over a situation and we focus on the benefits of action and ignore the costs. This term has been named Action Bias.   Reasons for Action Bias:There are times when thoughtful inaction is statistically the correct choice, but prior research has found the urge to take the dramatic action approach can trick us into bad decisions...
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The Signal and the Noise

For those who want some perspective on what we do and don’t know about statistics as it’s applied to real-world problems Silver's book is an interesting read and provides actionable ways to implement prediction techniques to makes better decisions.
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Estate Planning in the Digital Age

We often ask; what would happen to everything you own if you were to pass away tomorrow? Does any of your family members or loved ones know where to access your important documents or passwords? Would they know what to do with the information once they got a hold of it? As part of the financial planning process, we review all our new client's estate plans and help get them organized, this includes creating a Legacy binder. What is a Legacy Binder you ask?
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Lisa Lachman joins Western Reserve Capital Management

We are pleased to announce Lisa Lachman has joined Western Reserve Capital Management as a Client Service Associate.
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What is a Required Minimum Distribution?

What is a Required Minimum Distribution?    A required minimum distribution (RMD) Is the amount of money that must be taken out of a traditional individual retirement account (IRA) or 401(k) once account holders reach a certain age. RMDs were put into place to prevent people from using retirement accounts to avoid paying taxes. You must take your first RMD by April 1 of the year following the year in which you turn 72 (70 1/2 before 2020).
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From Certified Personal Trainer to Certified Financial Planner®

I often joke with Jim when I become interested in something, I go down the proverbial “rabbit hole” and go very deep on a specific subject and try to learn as much as I possibly can. As I look back at my career thus far this holds true. When I became interested in fitness and nutrition, I became a Certified Personal Trainer and when I became interested in personal finance, I became a Certified Financial Planner®. 
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Welcoming Gage Paul Aboard

We're excited to share with you some great news about the firm.
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Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck