Ask The Financial Doctor with Chuck Price

Tips for Capturing More Money in Retirement

Did you know that the average person in America retires with a net worth of around $200,000? One might think that this sounds like a lot of money, but the truth is, when combined with the average Social Security retiree benefit, this provides a spending lifestyle of around $24,000 a year, which won't cut for most retirees. [...]

Answering the “Do You Have Our Rewards Credit Card?” Question

We've all been there, at the check-out counter when the cashier asks "Do you have our rewards card?". Unless your answer is yes, you get the next line of "You could save 15% on your purchase today, plus rewards and discounts moving forward if you open one today. Would you like to save 15%?" We are all preconditioned when we hear something resembling "save money" to say "Yes, sign me up!" but these cards aren't always the great deal that they seem. There are a few pros and cons you should balance before signing yourself up for that initial savings. [...]

How to Keep Your Retirement Plan On Track

As a financial planner, I like to keep in mind that no matter how well thought out a plan is, success is based on your ability to adjust it. This is what I base my financial philosophy around, and how I work to protect my clients in unexpected and uncertain times. Despite the twists and turns that you will encounter in your financial lifetime, there's a few things that you can do to help keep your financial future on track. Retirement planning is a long expedition (the longer you have on this expedition, i.e. the sooner you start planning, the better) and it's important to do what you can, control that which you can control, and keep your planning in line with reality. [...]

Are You Spending Too Much?

I give a lot of financial advice, which is probably why they named my profession "financial advisor". When I speak with people individually, I give specific advice on how they can be more financially secure and responsible. These answers are different for every person and every situation, but in all of my experience and conversations as a financial advisor there is one basic piece of advice that I think can put every individual in a better financial position. It's advice that I watched my parents live by, and advice that I have always tried to live by. Honestly, it's probably advice that nearly everyone tries to live by, and likely thinks that they are living by. [...]

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