Eric Scott Blog Posts

 

How Do Recent Bank Failures Impact Your Portfolio?

How Do Recent Bank Failures Impact Your Portfolio?

Last week, regulators seized Silicon Valley Bank (NASDAQ: SIVB), the nation's 16th-largest bank. The bank was declared insolvent after it couldn't satisfy withdrawals by depositors last Thursday and Friday. How did a recently thriving financial institution get to this...

Take Control of Your Taxes

Take Control of Your Taxes

Do you know how much money you have in your IRA or 401(k)? Most people do, but what about how much you'll owe in deferred taxes when you withdraw it? This is the most important number because it determines how much money you'll have to spend throughout your retirement...

The Long-Term Care Crisis: Are You Prepared?

The Long-Term Care Crisis: Are You Prepared?

As the long-term care crisis worsens, here’s what you need to know to make sure you’re not caught off guard when it comes to your retirement. As the long-term care crisis worsens, here's what you need to know to make sure you're not caught off guard when it comes to...

Get Your Money Off the Bench and into the Game!

Get Your Money Off the Bench and into the Game!

Whether your retirement has already kicked off or is still in its pregame phase, you should know the score when it comes to an exciting — and increasingly relevant — vehicle for income and capital preservation: U.S. Treasuries. What are U.S. Treasuries?U.S. Treasuries...

Another Rate Hike

Another Rate Hike

On Wednesday, Jerome Powell spoke again on behalf of the federal reserve. As many expected, the FED has decided to raise rates another 25 basis points to 4.5 - 4.75%. Although this is the second meeting in which the size increase has gone down it still puts rates at...

Best Strategies for Retirement Savings in 2023

Best Strategies for Retirement Savings in 2023

There are many strategies for saving for retirement, and the best one for you will depend on your individual circumstances. Here are a few general strategies that may be useful to consider with Eric Scott Financial. Do you know how much your retirement will cost? Have...

3 Important Questions to Ask Before Retirement

3 Important Questions to Ask Before Retirement

You might remember a time when markets kept increasing and your retirement portfolio was “smooth sailing.” But that was before the recent inflation numbers and market correction. You may have built a substantial nest egg, but you may be concerned about how you will...

Turning 59 1/2? Here’s What You Need to Know!

Turning 59 1/2? Here’s What You Need to Know!

First of all, Happy Half-Birthday! As we get older and enter new chapters in our life, it comes with wisdom. However, once you reach age 59 1/2, it also starts to present new and important financial decisions that can affect your retirement lifestyle. If you're...

Tax Changes for 2023

Tax Changes for 2023

The start of a new year always brings changes to tax laws, impacting how much you can save for retirement and deduct from your tax returns. Inflation played a big role in tax law changes for 2023, with some adjustments being made in larger-than-usual percentages....

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