June 30,

Planning for Financial Aid

  The Effect of Income & Assets for Dependent Students It is important to start by pointing out that nearly every student is eligible for some form of financial aid. Students who may not be eligible for need-based aid, such as a Federal Pell Grant, may still be eligible for an unsubsidized Stafford Loan, for example, regardless of income or circumstances. Colleges and Universities use the Free Application for Federal Student Aid (FAFSA), as well as your federal tax... Read More

June 26,

Hope is not a strategy

During my 15 years working in the corporate world, I had to spend far too many hours enduring meetings that were much longer than they were productive. However, if you sit through enough meetings, you are bound to experience a few “aha” moments where someone says something that actually sticks with you for the rest of your life. While working in that position, our office was a bit of a revolving door for senior executives who were assigned to manage the overall operations of the... Read More

June 20,

When It Comes to Investing: Don’t Be “Average”

According to the Social Security Administration the average retiree receives only 36% of their income in retirement from social security retirement benefits. The balance of their income needs are met by defined benefit plans (pensions), their personal savings and investments, or they are forced to continue to work. Increasingly, investment results are necessary for an individuals to retire successfully. JP Morgan recently reported 20 Year annualized investment returns categorized by... Read More

May 31,

Building a portfolio - The case for simplicity

  The debate regarding the most effective way to build an investment portfolio continues every time we turn on a television set. Pundits bombard investors with complicated ideologies and exotic products catering to our desire for quick fixes, guarantees and instant gratification. Unfortunately in life, get rich quick schemes and lottery tickets are few and far in between. The same concept applies to investing. In my years as a financial advisor at HFG Trust, I have met with... Read More

May 30,

The Rule of Thumb Fallacy

  This month, our very own Ben Messinger was featured in the Tri-Cities Area Journal of Business. In his article, Ben cautions the over-reliance on the “rule of thumb” yard stick when planning for retirement. Do you feel comfortable using everybody else’s diagnosis or prefer an individualized assessment of your financial health? If you believe you are unique, we strongly encourage you to read Ben’s article to learn how using the wrong assumptions can change... Read More

May 20,

Selecting an Investment Professional

  How does one select an investment professional? This question has rattled my brain for many years and recently resurfaced when my wife needed surgery. It was daunting for a non-medical layperson, which we are, to know which surgeon was most qualified and which procedure was in her best interest. As we labored through the selection of a doctor, I developed greater empathy for those who have or are looking for an investment professional. I use the word “professional”... Read More