Blog Posts

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.

Projecting the Investment Horizon

by | Aug 17, 2015 |

Projecting the Investment Horizon: Don’t Let Emotion Get the Best of You

By Michael J. Searcy

RollercoasterSearcy

If you’re like the majority of the investing public, you may think this diagram depicting the emotional rollercoaster of investing is a great representation of how you feel these days. The diagram takes us through a simplified market cycle starting with a period leading toward strong performance (a bull market) and then falling into a period of weak performance (a bear market), then back to an upturn, thus showing the cycle is never ending. Fluctuation through these cycles can leave investors with feelings of euphoria when things seem to be going great, despair when they’re going bad, and optimism when it seems like poor performance is on its way back up again.

4 Plan Review Best Practices for Plan Sponsors

4 Plan Review Best Practices for Plan Sponsors

by | Jul 27, 2015 |

By Jessica Kmetty

Did you know that the Internal Revenue Service requires most employers to restate their retirement plan documents every 6 years? This helps ensure that retirement plans are operating under the most recent laws governing plans and all regulations are being met. Even though Searcy Financial manages retirement plans for other businesses, we also have to restate our own company plan. Our plan came up for restatement this year so we are sharing some best practice guidelines we follow or suggest during a restatement period.

Are You Mentally Prepared for Retirement?

Are You Mentally Prepared for Retirement?

by | Jul 23, 2015 |

Are You Mentally Prepared for Retirement? How to Thrive Before and After the Transition

Retirement is about much more than money. It’s also about finding a new path in life and a new identity as a retiree.

For most investors, retirement is their primary financial goal. As financial professionals, we help our clients chart a course to get them to retirement. We work together with our clients to answer financial questions like: When can I afford to retire? How much money will I need to live comfortably? Surveys show that many Americans are woefully unprepared for retirement and financial worries can make the retirement transition stressful. Fortunately, working with a professional can help ensure that you enter retirement with confidence in your financial future.

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