Preservation Specialists, LLC Blog

We help individuals and families work toward achieving their ideal retirements.

Downsizing in Retirement

February 15, 2023

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 concept of less is more to a whole new level as they somehow combine minimalist living elements of luxury — all for a significantly reduced…

Read More →

February Digital Newsletter

February 8, 2023

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’ word – will we, or will we not have a recession? While of course no one knows for sure, it seems wise to consider what…

Read More →

Inflation, Interest Rates and the Economy

February 1, 2023

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 Fed hiking interest rates by 0.75 percentage point for the fourth consecutive time. While no one can say for sure, the Fed does seem poised…

Read More →

RMDs in 2022

October 14, 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 spread out the tax burden associated with the years of tax-deferred earnings investors accrued in qualified retirement plans. If you expect RMDs to be an…

Read More →

Should Your Retirement Be Custom-Built?

July 30, 2022

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 those years, I’ve talked about retirement planning with literally thousands of people; and I cannot remember a single time in which the person I spoke…

Read More →

The Nature of Risk

June 7, 2022

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 risk than you are willing to lose. This is a relative concept. If you have only $10,000 to invest, then putting $9,000 in a high-risk…

Read More →

The Financial Stress Toll (of Late)

May 31, 2022

In a recent survey by the American Psychological Association, more than 80% of American adults said they were feeling increased financial stress due to: Furthermore, hardships related to the pandemic — including poor health, loss of loved ones, difficult work and family situations, isolation and inconvenience — have affected the entire nation and the world.…

Read More →

Market Volatility: Taken in Perspective

May 24, 2022

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 you haven’t developed such a strategy yet, we are happy to help you do so. We can help identify your long-term goals, particularly with regard…

Read More →

The War on Oil Prices

May 17, 2022

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 many of our consumer goods, from medicines to electronics. One of the key lessons emerging from the Russia-Ukraine conflict is self-reliance for energy sources, such…

Read More →

Ready to Take The Next Step?

For more information about any of the products and services we offer, schedule a meeting today or register to attend a seminar.

Or give us a call at (803) 798-1988