Articles Showing articles written by: Mike Brady, Michael Brady & Co. Wealth Management

Be prepared for the good times—and the bad

Debt is everywhere and it’s piling up around us. Student loan debt, underfunded pension obligations, consumer debt (credit cards, auto loans, residential mortgages) and the unfathomable federal deficit. Thank goodness personal incomes and the gross domestic product (GDP—or the income of the nation) are rising and are currently...

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Turn your nest egg into an income stream

Retirement should be a time of rejuvenation, joy and adventure. But for many, it is a time of uncertainty and worry. There are so many details and decisions to be made. How much income can my savings provide? Will I outlive my savings? Will I be able to afford healthcare in my later years? What about long-term nursing home care? When and...

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First, you have to cover the basics

Most people are concerned with “beating the market” when what they should be concerned about is covering the basics: having an adequate cash reserve for things that come up, paying off high-interest loans and credit card debt; insuring against loss of income and loss of assets; and proper documents if they become unable to make their own...

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Retirement planning mistakes

While many Americans have spent years planning for retirement, a great many of them have made a basic discovery once they reach that plateau: There are some issues that simple math and time will not necessarily resolve. If you are at or near retirement, here are several common mistakes that you can plan now to avoid: • Underestimating your...

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How do you feel?

Many people hire financial advisors thinking they will provide them with better investment returns, lower taxes and more income. Many financial advisors see themselves as star investment managers, tax-reduction experts or crystal ball future seers. These advisors are like surgeons who take pride in their surgical skills but would prefer to keep...

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