1. Equifax Security Breach

    EQUIFAX SECURITY BREACH   On September 7, 2017, a cybersecurity breach was announced by Equifax, one of the three U.S. credit-reporting bureaus, impacting approximately 143 million people. The unauthorized access occurred from mid-May through July of 2017.     As a result, Equifax is offering free identity theft protection and credit file monitoring to all U.S. consumers. I recommend th…Read More

  2. What is a Fiduciary?

    I am seeing more and more references to the term “fiduciary” in newspaper articles, in online advertisements, and in news reports. Do you know the answers to the following questions? What is a fiduciary? Why are fiduciaries important? Why are fiduciaries in the news? Definition (fi·du·ci·ar·y) Fiduciary responsibility is not an exciting subject, but it is an extremely important one. The co…Read More

  3. What You Need to Know About Bonds and Why

    Bonds and stocks are the two basic building blocks of any investment portfolio. Bonds are, undoubtedly, the less understood of the two. A stock represents ownership in a business, and the stockholder shares in the profits and losses of the business. But what about bonds? A bond is a surprisingly simple concept in spite of the mystique that surrounds it. What is a bond? It is simply an IOU. Like an…Read More

  4. How to Choose the Most Effective Charity

    By Kim Gardey Making a charitable contribution is a lot like making an investment. Just as you want to maximize the return on your investment, you want to get the most from your contribution. How can you choose the charity that will make the best use of your contribution? What you want to know is how much of your contribution will actually be spent on providing charitable services. All charities i…Read More

  5. How to Build Your Retirement Savings the Easy Way

    By Kim Gardey If someone offered to deposit money into your retirement account every pay day, would you turn them down? Well, maybe someone has already made that offer. If your employer offers a 401(k) retirement account, chances are good that as part of the plan, they will match a portion of your contribution. For example, a 401(k) plan might call for an employer to contribute 50 cents for each d…Read More

  6. Gardey Financial Advisors Supports READ Association of Saginaw County

    Throughout 2016, the staff of Gardey Financial Advisors organized a series of fundraising events with all proceeds going to the READ Association of Saginaw County. The events held by Gardey Financial Advisors included the sale of candy, soda, and fruit; holding a cookout; a can and bottle drive, and raffles. Through solely in-office fundraising, Gardey Financial Advisors was able to raise $671 for…Read More

  7. Ten Days Can Make a World of Difference

    There are many people out there who claim to know when to buy and when to sell stocks at the "right time". What could be better than selling before the market goes down and buying before the market goes up? This type of investing is referred to as "market timing," and its appeal can be very seductive. However, being out of the market for even very short periods of time can be devastating to one's …Read More

  8. Will You Ever Have to Pay a Death Tax?

    By Kim Gardey A common financial planning question we are asked by our clients is whether their assets will be subject to the estate tax, otherwise known as a death tax. For most people, the answer is no. Their assets will not be subject to a estate tax. There are two reasons why this is so: Reason one: The federal estate tax applies only to individuals with assets exceeding $5,450,000 (and marrie…Read More

  9. How Does Your Wealth Compare?

    By Kim Gardey Have you ever wondered how your wealth compares with what others have been able to accumulate? It is simply human nature to wonder how the wealth you have built up compares to the success of others. Below are the results of a recent government survey. (Note: Age is a crucial factor—the longer you live, the more time you have to build your wealth.) Age Wealth* Under 35 $6,700 35 to …Read More

  10. Want a Politician Dictating Your Will When You Die?

    By Kim Gardey If you die without a will, there has to be a process for determining who gets your property. Somehow, the ownership of assets has to be resolved. Every state has acknowledged this need for closure, and all state legislatures have enacted laws that dictate who gets what in the event someone dies without a will. While every state differs in the solution they have come up with, there ar…Read More