Blog Posts

Women Business Owners: Overcoming the Failure of Tomorrow

Women Business Owners: Overcoming the Failure of Tomorrow

by | Dec 16, 2015 |

By Michael J. Searcy and Jessica A. Kmetty

For the past few decades, women have increasingly turned their creativity, ingenuity and business acumen into entrepreneurship, with the number of women-owned businesses near 10 million and growing. While women strive to run successful businesses and overcome the challenges of ownership today, it becomes easy to neglect setting up a retirement savings plan which could help secure a successful future. Without a retirement plan, these women and their employees could work for years, striving to build a successful company, only to fail financially in retirement.

Are You Prepared For Mental Decline?

Are You Prepared For Mental Decline?

by | Nov 27, 2015 |

Joe got excited about Apple and ordered his advisor to buy 100 shares; his advisor worried about the out-of-character behavior but wasn’t authorized to speak to Joe’s family. Sally thought she had won the lottery and wired $50,000 to a scammer; her bank questioned the large withdrawal, but Sally approved it anyway. Dennis gave his caregiver cash and expensive gifts that totaled over $100,000, leaving his family with no way to get the money back.

5 Big Mistakes Made By Caregivers of Children with Special Needs

5 Big Mistakes Made By Caregivers of Children with Special Needs

by | Nov 15, 2015 |

By Michael J. Searcy

Parents of children with special needs face a whirlwind of emotions dealing with the health of their child, physical demands of caregiving, financial concerns and future planning. While there isn’t any one place you can turn for all of the answers, we spoke with several of our clients who are caregivers about their situations. Based on their responses and our experience in the area of special needs, we developed a list of 5 big mistakes caregivers make and pointers to help avoid these mistakes.

Conversion to Exclusive Fee-Only Financial Advisor Services

Conversion to Exclusive Fee-Only Financial Advisor Services

by | Nov 6, 2015 |

Over the 40 years that Searcy Financial Services has been serving clients, we have helped clients purchase Life, Disability and Long Term Care insurance policies to protect their future. While insurance planning was, and will continue to remain, an important aspect of financial planning, we will no longer act as an agent to complete the purchase process. This act allows our firm to be known as a “Fee-Only” firm with various licensure and accreditation boards, as we will no longer receive any commissions for the sale of new insurance nor receive any commissions for the sale of insurance in previous years.

3 Steps to Building Financial Security for a Child with Special Needs

3 Steps to Building Financial Security for a Child with Special Needs

by | Sep 28, 2015 |

By Michael J. Searcy

A friend shared with me…Several of our friends had kids at the same time as us, and we started noticing that our son was developing a lot slower than the other children. He had been born premature and was about 9 months old when he started having bad seizures. He was cared for at the Shawnee Mission Infant Development Center and that’s when we found out about his situation and that he would have a mental delay his entire life.

5 Critical Financial Issues in Remarriages

5 Critical Financial Issues in Remarriages

by | Sep 19, 2015 |

Many Americans are in their second and third marriages. In fact, statistics from a 2012 book, The Remarriage Blueprint, suggest that nearly 40 percent of new marriages include at least one previously married spouse. Remarrying later in life can produce a number of complex financial, legal, and emotional matters that should be addressed as soon as possible. If you or someone you love is part of a blended family, we urge you to think about these important issues.

Treat All Money as Equal

Treat All Money as Equal

by | Sep 1, 2015 |

By Michael J. Searcy

Does the source of money you receive impact how you spend, save or invest that money? Do you treat money you earn differently than money you have won or received as a gift or bonus? If earned money feels more precious and worth saving, while the other types feel like “fun money” with which you can splurge, you may be practicing mental accounting. Beware – in mental accounting, all money is not treated as equal. You can stop mental accounting from hindering you from making the best decisions with your money, and by being aware that it’s happening, you have already made the first step.

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