facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Money Matter$

Insights from the Sommers Financial Management Team

%POST_TITLE% Thumbnail

Efficient Core & Satellite Portfolios

While the past year has seen a steady, heady increase in the stock market and your account values, we know it won’t last forever. There will be another pandemic, another election, another war, another something—anything—that will cause markets to tumble. We want to be properly invested for when that market decline arrives, but we also want to enjoy the ride on the way up.

Read More
%POST_TITLE% Thumbnail

What if the Markets Turn Down?

For the last 90 years, the S&P 500 has an average return of close to 10% . The S&P 500 is an index made of the 500 largest companies in the United States. These days people expect the stock markets to always go up and to increase in value. What if they go down?

Read More
%POST_TITLE% Thumbnail

Why We Ask to See Your Income Tax Return

A good financial advisor can help you in many ways: manage your investments, assist in major financial decisions like buying a car or a house, find the opportune time to retire, figure out how to get the most out of social security, and one of my favorites: legally avoid and lower taxes when possible. This is where sharing and reviewing your income tax return becomes an important part of what we can do for you.

Read More
%POST_TITLE% Thumbnail

How Best to Save & Invest for Kids

Albert Einstein believed compound interest was the eighth wonder of the world. He said, “He who understands it, earns it; he who doesn’t, pays it.” The simple way money grows is over time so it makes sense to start investing early for kids when they are young. The greatest asset they have is time. Whether you are a savvy parent, grandparent or other family member, you might have wondered what you can do financially to help pave the way for the young humans in your life.

Read More
%POST_TITLE% Thumbnail

Should I Refinance My Mortgage?

With interest rates at historic lows, there seems to be a pretty simple answer. Yes! …Probably. There as an old rule of thumb that said if you can reduce your interest rate by 1.5%, it is worth refinancing. Loan officers often tell you about the “monthly cash flow savings” from refinancing, calculating that if you’ll save $200/month off your current payment and their fee is $2,400, that you get your “money back” in only 12 months. However, what they sometimes fail to mention is the fact that you’ve often extended the length of your loan to get that cash flow savings. The only savings that really matter is the interest savings you'll reap over the life of the loan.

Read More