Preservation Specialists, LLC Blog
We help individuals and families work toward achieving their ideal retirements.
Will Retirement Be Better in the Future?
Retirement — like fads and fashion — changes with time. Those sprawling, cookie-cutter retirement communities in places like Florida that have been so popular for decades? Those are quickly falling…Read More →
Stash That Cash (Anywhere But Your Mattress)
Have you heard the story about the contractor renovating a bathroom and finding more than $180,000 stashed in the walls?1 In times of economic uncertainty, people often rush to pull…Read More →
Downsizing in Retirement
If you’ve tuned into HGTV or any home renovation show in the past few years, you’ve likely noticed a new trend — the tiny house. These architectural wonders take the…Read More →
February Digital Newsletter
FROM THE FOUNDER Where Do We Go From Here? As we look at what is ahead for 2023, the biggest topic in economics these days always revolves around the ‘R’…Read More →
Inflation, Interest Rates and the Economy
As inflation has soared to the highest levels in nearly four decades, the Federal Reserve has aggressively moved to try to cool an overheated economy. November of 2022 saw the…Read More →
RMDs in 2022
In 2020, the Setting Every Community Up for Security Enhancement (SECURE) Act increased the age for required minimum distributions (RMDs) from 70½ to 72. The purpose of RMDs is to…Read More →
Should Your Retirement Be Custom-Built?
Unbelievably, this year marks 25 years that I have been helping people plan for their retirement – most of that as a retirement financial advisor here in Columbia, SC. Over…Read More →
The Nature of Risk
When you invest money, you are putting it at risk — all investments can lose money. The key is to gauge your risk, and to not put more money at…Read More →
The Financial Stress Toll (of Late)
In a recent survey by the American Psychological Association, more than 80% of American adults said they were feeling increased financial stress due to: Higher inflation (87%) Ongoing supply chain…Read More →
Market Volatility: Taken in Perspective
Global turmoil and rising inflation have presented today’s investors with some pretty daunting risks. But remember, this is the situation for which you built a long-term asset allocation strategy. If…Read More →
The War on Oil Prices
As with any major global conflict, we learn things. The pandemic taught the U.S. the importance of reshoring manufacturing jobs, so we aren’t beholden to other nations, like China, for…Read More →
The Value of Multiple Retirement Streams
Retirement planning was historically a little easier. For instance, the average life expectancy in 1950 was 68 years old. If you retired at age 62, your retirement plan might need…Read More →
Have you ever thought about what you would do if a windfall dropped in your lap? It’s not that unusual. After all: The U.S. is experiencing the greatest wealth transfer…Read More →
How the Russia-Ukraine Conflict Could Affect Americans
When Putin invaded Ukraine in late February 2022, President Biden announced sanctions targeting Russian banks, the country’s sovereign debt and Russian oligarchs, warning that Russia would pay an even steeper…Read More →
Are We Back To Normal Yet?
It’s been two years since COVID-19 hit U.S. shores, but are we anywhere near pre-pandemic normal yet? It doesn’t look like it. The stock market, while volatile, recovered nicely from…Read More →
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