Wealth Management Resources
Wealth Management Resources, Inc.
Arthur Everly, CLU, ChFC
Scott Everly, Vice President
Kevin Worthley, CFP®, CDFA™
Alexander Medici, Vice President, MBA, CIMA®
Our Support Team
Saving for College
Employer Sponsored Retirement Plans
Your Financial Plan
Year Ending Thoughts to an Unsettled Investment Environment
December 31, 2018
While both investors and their advisors had wished for a quiet market during the December holidays and the end of the year, this month was decidedly anything but. If you were lucky enough to be...
Success in Personal Finance Usually Comes Down to the Basics and Common Sense
November 12, 2018
There’s an old Yogi Berra –ism (though correctly attributed to computer scientist Jan van de Snepscheut) about theory and practice: “In theory, there’s no difference between theory and practice. In...
An Estate Plan is for Everyone
October 25, 2018
Estate planning is an important part of a good overall financial plan. Here is a list of common estate-planning mistakes we see in the office from time to time. A first mistake is thinking that you...
Currency is Not Money
September 25, 2018
If we were to hold up a $100 bill and ask, “What is this?” invariably there would likely be a chorus of voices calling out, “Money”, then mutters of disbelief when our response would be, “No sorry, ...
Maintain Some Perspective When Evaluating Historical Investment Returns
September 4, 2018
In the world of professional investment advisors, the phrase “Past performance is no guarantee of future results” is a staple (or should be) within client conversations, literature and most any other...
Critical Thoughts on Meeting College Costs
July 23, 2018
In the nearly two decades that we have written about college financial planning and helped client families figure out how to pay/finance college expenses, we’ve come to some sobering conclusions. ...
Behaving Yourself in a Dull Market
June 19, 2018
After many years helping clients, we’ve come to believe that we offer more of financial therapy than anything else. And yet, “behavioral finance” (or how people react to money-related situations)...
Despite Resources, Americans Still Unprepared for Retirement
May 30, 2018
Last week, a new client came to see us to discuss the possibilities of her cutting back on her professional work schedule and transitioning toward full retirement. Although an analysis may show that...
Investing in a Time-Share: Good Idea or No?
May 8, 2018
Over the years, we’ve periodically fielded questions from clients asking whether purchasing one or more time-share units in vacation destinations is a good idea. The locations range from Florida to...
Cybersecurity Measures are Vital for your Personal Finances
March 8, 2018
Cybersecurity is becoming more important in the world of personal finance. In fact, so important that securities regulators have been cracking down on investment companies of all sizes to ensure...
More Than a Bit of Risk in Bitcoin
December 13, 2017
Up to now, we’ve been reluctant to comment publically about so-called crypto-currencies, however, there has been so much media coverage on the exponentially-rising prices of these over the past few...
Sudden Wealth Requires Thoughtful Planning Too
December 7, 2017
Being the primary medium of exchange for a civilized culture, money can exert strange and sometimes complex influences on people, causing them to exhibit unexpected changes in behavior and...
Having a Margin of Safety Works for Your Whole Financial Life
November 9, 2017
Famed investor Warren Buffett once stated that “margin of safety” are the three most important words for investing. By this, Buffett sought to illustrate the idea that If you make your investment...
Age-Banding” Concept Is a Beneficial Retirement Planning Tool
October 30, 2017
According to recent studies by the Insured Retirement Institute and GoBankingRates.com on how the ‘Baby Boomer’ generation (those born in the years 1946 – 1964) is prepared for retirement, 30% of...
Be Careful About New College Aid Application Method
September 21, 2017
In just a couple of weeks on October 1st, families with college-bound students will be able to submit the Free Application for Federal Student Aid (FAFSA) to determine eligibility for college...
Freezing Your Credit Can be a Good Financial Security Strategy
September 11, 2017
In today’s cyber-everything world, having your financial identity compromised or stolen can be one of the most frightening and troublesome experiences you’ll have in your lifetime. Although with...
Another Example Why Diversification Works
August 8, 2017
The last several years were not great for overseas investments as general indices in Europe, Japan and China underperformed for most investors and mutual funds. When a category struggles in a...
Early Retirement Brings Big Changes and Many Decisions
June 21, 2017
According to recent studies, 45-50% of Americans today are forced into unexpected retirement before they planned, whether due to health reasons or being laid off from their employers. Since many...
Knowing Human Tendencies Can Help Your Investing
March 20, 2017
The financial markets are tricky enough to navigate, but at times, investors of all stripes can complicate matters for themselves and are really their own worst enemies. Many investing mistakes can...
Retirement Planning: It's Not Just a Number
January 11, 2017
Whether it’s clients who meet with us or acquaintances at social gatherings, “How much do you think I’ll need to retire?” is a frequent question we get asked. Unfortunately, the usual answer isn’t...
Conflicts of Interest Still an Issue in the Finance Business
November 1, 2016
The appalling incident involving over 2 million customers of Wells Fargo Bank (where client accounts allegedly were created illegally and money transferred without customer knowledge or approval)...
Insurance and Property Taxes a Heavy Burden for Some Island Residents
October 31, 2016
Retirees today face a multitude of financial hurdles that may hamper their ability to enjoy their golden years. Some of the more familiar issues are lack of retirement savings, loss of...
Timeline changes for filling out form for financial aid
September 6, 2016
Labor Day weekend is the unofficial end of the summer season and when college students make their way to campus to start the academic year. It is also the time when these students, their parents and...
Over-Reaction to Geopolitical Events Could be a Mistake
July 12, 2016
In the increasingly-globalized world we all live in, it’s an unusual week where there isn’t one or more noteworthy events that occur which has the implication of being a “game-changer” in the...
Impossible to Predict World Events or Impact on Your Investments
July 6, 2016
In the original Men in Black sci-fi movie, there’s a great line by veteran Agent “K” (Tommy Lee Jones) where he tells panicky protégé’, Agent “J” (Will Smith); “There’s always an Arquillian Battle...
Low Returns May be the Result of Market Environment, Not Investment Choices
June 13, 2016
In portfolio reviews over the past few months, we’ve listened to a variety of reactions to investment returns over the past two years; most sounding similar to: “That’s it? That’s all my portfolio...
Solving Retirement Crisis Requires Efficiency
April 26, 2016
In the last three columns, I outlined potential looming problems of retiring Baby Boomers; a lack of savings, shortfalls in pension funding and Social Security and rising medical and other costs for...
Healthcare Costs Debt & Inflation Could Be Issues for Retirees
April 19, 2016
In the previous two articles on the Baby Boomer retirement crisis, the lack of retirement savings and looming pension/Social Security income problems were at the top of retiree concerns. If these...
Pensions and Social Security Benefits Could Change Over Time
April 12, 2016
This is the second article of a five-part series on navigating through the retirement income crisis. Last week’s column focused on the retirement savings shortfall of Baby Boomers. In this article, ...
Navigating Through the Retirement Income Crisis
April 7, 2016
Retirement for the so-called Baby Boomer generation is likely the most frequently-discussed topic in personal finance media today and for good reason. The financial headwinds facing this demographic...
Lower Returns Could Affect Retirement Plan
March 23, 2016
There is an article written by famed investor Warren Buffett at the apex of the dot.com stock market boom in 1999. In the entertaining and informative missive,(Mr. Buffett on the Stock...
Don’t Give Up on Diversification
January 7, 2016
2015 was not a good year for investors, especially for those in prudently-diversified portfolios. Analysts have remarked that 2015 was the worst investment year for diversification in the last 70. ...
Low Interest Rates Could Affect Your Retirement Account Withdrawls
February 19, 2015
There is a general notion in financial planning that, given a historically average rate of a return over time from a balanced, diversified investment portfolio, a retiree may draw approximately 4%...
Tips on Improving Your Finances in 2015
January 8, 2015
With the economy improving and another year upon us, here are some tips on improving your finances in 2015: Bump up your paycheck contributions to your company retirement account. Even an extra...
Market Volatility Can Be Beneficial to the Long-Term Investor
October 22, 2014
Over the past couple of weeks, stock market indices have been more volatile on a day-day basis. Triple-digit changes used to be head-turning events; lately they seem to take place a few times a week. ...
Is Your Financial Plan Really a Plan..or Just an Idea?
September 22, 2014
During a recent radio show between the host and a political analyst, a poignant comment was made by the analyst that much of America’s discontent with US military involvement in the Middle East has...
Financial Bear-Traps in Divorce
August 18, 2014
Divorce is one of those life-events that can have significant effect on your near-term and long-range finances. Not only is the separation of income and assets, creating two new households and the...
New Estate Tax and Medicaid Rules in the RI State Budget
June 24, 2014
Within the recently-approved RI budget were key changes to the State estate tax and Medicaid qualification rules. These changes could significantly impact retirement and estate planning for those...
College Loan Interest Rates Back in the Spotlight
June 6, 2014
With high school commencements right around the corner, the reality of paying for college costs this coming September may be front of mind for college-bound seniors and their parents. Interestingly, ...
Special Cases Show Why Careful Financial Planning is Required
May 21, 2014
In the world of personal financial planning, there are often generalizations that are discussed on financial talk shows, whether on radio, television or website blogs and articles. Reading these for...
Should You Be Worried about a Market Decline?
May 21, 2014
This week, we received an email from a client who was concerned about whether a market collapse was imminent. Her concern arose from commentary and articles she had read from “market experts” who...
Despite Low Interest Rates, Keep Cash on Hand
April 14, 2014
With interest rates at ultra-low levels today, clients often ask us how they can get their cash, in checking or savings accounts, or bank certificates of deposit, to “work harder for them”. In fact, ...
Help! I’m 55, Outsourced and Out of a Job. What Do I Do?
March 24, 2014
In today’s difficult employment market, many people in their 50’s suddenly find themselves outsourced and out of a job, perhaps when they were hitting their so-called “peak earning years” or when...
The Complex World of Social Security
March 7, 2014
We frequently get phone calls at our office about Social Security planning, both from clients and other pre-retirees. Despite a vast amount of information at the Social Security Administration (SSA)...
Saving for Retirement with the myRA
February 27, 2014
In his recent State of the Union speech, President Obama introduced a new initiative called the “myRA”, designed to encourage Americans to save more, particularly for retirement. The premise behind...
Paying for College: What is the college Net Price Calculator?
February 21, 2014
Right now, college-bound high school seniors and their parents are putting the finishing touches on their financial aid applications for the coming academic year 2014-2015. A significant concern, of...
Let Your Investment Advisors Help Manage Expectations for 2014
January 14, 2014
Back in the days of the Roman Empire, generals returning to Rome from victorious battles were often honored in parades through the city. Through the celebration, a servant rode in the chariot to...
Market Forecasts Most Likely Wrong, Not Right
December 18, 2013
For those in the financial world, the holiday season ushers in the appearance of market forecasts for the upcoming year. On occasion, a market forecaster may actually come close to hitting the...
A Simple Method for Creating a Financial Plan
November 25, 2013
In a July 2012 report released by Consumer Federal of America and the Certified Financial Board of Standards, only 31% of the 1500 respondents to a May 2012 telephone survey said they had a...