Cambridge Financial

Here are some steps to consider if #retirement comes earlier than planned: * Step 7: If you have children in #college, negotiate for additional #FinancialAid. #COVID19

Here are some steps to consider if #retirement comes earlier than planned: * Step 6: Use #annuities to grow your assets and generate protected income. #COVID19

Did you know? Same-sex couples who were married and subsequently divorced may be eligible for Social Security benefits no matter which state they reside in. Learn more about what divorcing individuals approaching retirement need to know about #SocialSecurity benefits.

Here are some steps to consider if #retirement comes earlier than planned: * Step 5: Consider converting IRA assets to #RothIRA assets to minimize the tax bite on your withdrawals. Find out more. #COVID19

Here are some steps to consider if #retirement comes earlier than planned: * Step 4: Optimize #SocialSecurity. With the severe drop in interest rates affecting yields on conservative investments, Social Security becomes even more valuable. Read how. #COVID19

Don't let short-term market jitters hurt you in the long run. Here's what you can do now while sticking to your strategy.

Surprisingly, #lifeinsurance just became much more important for divorced #401k and #IRA savers. Learn more in this new paper from @Prudential.

How is your financial security? If something should happen to you, would you be in a comfortable position? Or do you start to sweat a little when the thought of an unforeseen emergency creeps in your mind. Things beyond our control happen all the time. A deer jumps in front of the car and its totaled, the refrigerator dies, a tree falls on the house. These are all things we cannot control. What we can control is being prepared, so when something does happen, it is not a financial burden. How are you prepared to deal with these things? Credit card, home equity loan, emergency fund? Cambridge Financial 518-677-2190

Today’s Investing Tip: Let’s talk mutual funds. #FinancialEducation

HONOR, COURAGE, COMMITMENT Only you have the power to change your position. That doesn’t mean you have to do it alone. Here at Cambridge Financial we pride ourselves on working WITH our clients to point them in the direction of success. Debt management, preparing for retirement, growing wealth. Whatever your goals are, we will work with you to build a plan that will put you on track. This is a 3-step process for you. Honor, Courage, Commitment. 1st you must be honest with yourself as to where you are and where you want to be. 2nd you must have the courage to ask for the help you need. 3rd you must be committed to the plan we build together. 518-677-2190

With recent #marketvolatility, perhaps portfolio diversification has been on your mind. This short video covers what you need to know to get started.

Before unloading investments in a down market, consider realized vs. unrealized losses. This article explains.

Saving in a #401k or #IRA is great for generating future #retirement incomebut no longer as good a plan if you want to leave something to your children. @Prudential explains.

Remember that class we had to take in school on how to properly invest our money? NO? That is because there was no class! People don’t like to talk about their finances because they are afraid, they are doing it wrong. How can you be expected to have the knowledge in all the different ways you can grow your wealth, if it’s never been taught to you? That’s like expecting a carpenter to know how to rebuild a transmission it makes no sense. Here at Cambridge Financial we are respected for what we do because we don’t tell our clients what they want to hear, we tell them what they need to hear. Our goal is the satisfaction of our clients, and satisfaction comes through results. Call Cambridge Financial to set up a free consultation, let’s see if we are a good fit to work together. 518-677-2190

Have you thought about the type of financial legacy you’ll pass on to your family? Whether you have a new baby, adult children, or anything in between, it’s never too late to start a plan for the future with them in mind. #Legacy

Growing wealth Growing your wealth is not a chance thing. Growing your wealth is a commitment to time and a responsibility to closely monitor your finances. There has never been an army in the world, or a sports team in history that was ever successful without a clearly laid out plan. You can have the best of intentions, but without knowing how to get from point A to point B, you are wasting your time. If you are looking for someone to build a personal relationship with, someone you can trust, call Cambridge Financial. Together we will build a plan to put you on the road to success. It’s your future, now is the time to take control. 518-677-2190

Tax law changes under the #SECUREAct mean most people must now withdraw inherited #retirement assets within 10 years of acquiring themand possibly pay high taxes on them as well. But we have some helpful advice.

Strategy for #grandparents to help with #CollegeSavings: Use #LifeInsurance to create certainty, with proceeds earmarked for grandchildren, tax-free. Permanent life insurance policies work best for this strategy.