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With COVID-19 the recent market volatility, it's more important than ever to stay informed.  If you have any questions about any of this information and how it might apply to you, please give me a call at 585-586-5505, or send me an email at jason.grover@lpl.com.  I'd be happy to set up a complimentary digital consultation.

Best, Jason Grover

 

Thursday, May 30, 2024

Investing in equities is not merely about timing the market or chasing short-term gains; it's a journey that demands a steadfast commitment to a long-term mindset. While this sentiment might sound like a broken record to some, its...

 

Thursday, May 23, 2024

Now it’s time to get up close and personal with the vehicles used to invest in equities. Equity investment vehicles offer individuals the opportunity to participate in the ownership of companies and potentially benefit from their...

 

Thursday, May 16, 2024

Saving and investing are two fundamental pillars of personal finance, each serving distinct purposes in building wealth and achieving financial goals. While both involve setting aside money for the future, they operate on different...

 

Thursday, May 9, 2024

Now that you have the last two months of blogs under your belt and a solid understanding of the principles and practices of sound investing; it’s time to put those practices into action. That is why this month we discussing the power...

 

Thursday, April 25, 2024

Jim Rohn, the author of 7 Strategies for Wealth & Happiness: Power Ideas from America's Foremost Business Philosopher, once wrote, “Discipline is the bridge between goals and accomplishment.” That rings quite true when it comes to...

 

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Thursday, April 18, 2024

In one of Guns and Roses’ quieter songs, Axl Rose famously sang, “All you need is just a little patience.” That is one of the key ingredients needed for the trifecta of investing principles that can help you stay invested for the long...

 

Thursday, April 11, 2024

“You got to have faith a, faith a, faith,” George Michael wrote in his 1987 hit song. He may have been singing about relationships or religion, but nowhere does this sentiment ring more true than when it comes to investing. Having...

 

Thursday, April 4, 2024

OK, confession time—I talked about things backward in last month's blogs—I did it on purpose, though! Typically, I talk about the principles and practices of sound investing in that order. Last month, I spoke of the practices, the...

 

Thursday, March 28, 2024

This week we’ll round out our discussion of the building blocks of sound investing with a look at rebalancing. Rebalancing is a crucial component of prudent portfolio management, involving the realignment of asset allocations to...

 

Thursday, March 21, 2024

This week we are going to focus on diversification - the partner in crime to asset allocation.  Diversification is a fundamental concept in investing that involves spreading investment capital across a variety of assets to manage...

 

Wednesday, March 13, 2024

This week we are going to focus on asset allocation. What it is, how it’s done, and why it is so important. Let’s get started! Asset allocation is the strategic distribution of investing funds across different asset classes...

 

Wednesday, March 6, 2024

In the ever-evolving landscape of finance, the quest for sound investing remains a timeless pursuit. Whether you're a seasoned investor or just dipping your toes into the waters of financial markets, understanding the fundamental...

 

Wednesday, February 28, 2024

This week we’re wrapping up our discussion of taxes in retirement with a look at one way to protect your heirs from tax implications when it comes to your IRA.  When planning your retirement, it is easy to focus solely on...

 

Wednesday, February 21, 2024

This week we are going to talk about Social Security benefits which are an important component of any retirement income plan. Many retirees are surprised to learn that their Social Security income can be taxed, and taxed a lot!...

 

Wednesday, February 14, 2024

This week, we’ll look at Required Minimum Distributions or RMDs and how they can affect your tax bracket. We’ll also look at ways to minimize their effect on your taxable income.  Let’s start with what an RMD is....

 

Wednesday, February 7, 2024

This month, we’re continuing our in depth discussion of retirement with a look at the effects taxes can have on your retirement savings. During your retirement years, unlike your working years, it is your responsibility to make...

 

Thursday, January 25, 2024

Alright, it’s budget week. This is a critical part of determining how much you’ll need in retirement income each month to keep your earning years lifestyle. Here, we are taking that big number we got from using our formula,...

 

Wednesday, January 24, 2024

Well, folks, we made it to week four on a hard topic - determining your retirement income needs. As promised, we are going to talk about buckets, that is the accounts and investment types your retirement money is stored in until you...

 

Wednesday, January 10, 2024

Alright, folks, this week we are going to get into the nitty gritty of determining and creating the right asset allocation for you. Let’s start by building a foundation of understanding of what asset allocation and its buddies,...

 

Wednesday, January 3, 2024

Last month, we discussed managing the emotions that come with retirement, and in November, we talked about determining how much you need for retirement and the formula for that. We will revisit that this month as we talk about how to...

 

Wednesday, December 27, 2023

For our final installment this month, we are going to talk about specific ways to maintain and improve both your physical and mental health in retirement. I’m talking specifically about the depression, stress, and anxiety that...

 

Wednesday, December 20, 2023

Welcome back, folks! This week, we will talk about finding new meaning and purpose in your retirement life. We all know that working isn’t just about earning money; it’s about identity, meaning, and purpose in our lives....

 

Wednesday, December 13, 2023

Last week, we discussed the emotional states that often accompany preparing for and entering retirement and why they occur. This week, we will start talking about the actions you can take to counteract those negative emotional states....

 

Wednesday, December 6, 2023

Alright, it’s budget week. This is a critical part of determining how much you’ll need in retirement income each month to keep your earning years lifestyle. Here, we are taking that big number we got from using our formula,...

 

Wednesday, December 6, 2023

Last month, we discussed preparing for retirement and the steps needed to retire “successfully.” This month, we will talk about handling the wide range of emotions of retirement. Three major emotional states often accompany...

 

Wednesday, November 22, 2023

Before, we finish our discussion on planning for retirement, we need to talk about the “I word” - inflation. Inflation can drastically affect the purchasing power of your retirement money. The best way to avoid this is to...

 

Wednesday, November 15, 2023

Welcome back folks, it’s formula time! This week we are going to learn the formula that will allow you to figure out what amount you will need to save to achieve and maintain the retirement lifestyle you want.  First, we...

 

Wednesday, November 8, 2023

Last week, we talked about the goal of retirement planning, the longevity factor, and maintaining the purchasing power of your dollars. This week, based on our new understanding, we will talk about the very first thing that you need to...

 

Wednesday, November 1, 2023

If I were to ask you “How are you preparing for retirement?” What would you say? Would you immediately freeze and panic or would you feel confident in the numbers you saw when you recently checked your retirement...

 

Wednesday, October 25, 2023

We’ve made it to the last week in this month’s series on retirement myths, and I have saved one of the hardest myths to stomach for last.  I just turned 50 and I don't have much saved for retirement, there's no point...

 

Wednesday, October 18, 2023

Welcome back, this week we continue our discussion on retirement myths with one I’m sure you’ve all heard. Social Security is a topic that has a huge role in retirement so I’d be remiss if I didn’t include the...

 

Wednesday, October 11, 2023

This month we are tackling some of the most frequent retirement myths I encounter in my practice with new and prospective clients. This week we are going to look at the reality of retirement expenses.  I will have lower expenses...

 

Wednesday, October 4, 2023

This month I want to tackle some of the myths out there surrounding retirement. I often hear new and potential clients make patently false statements about retirement planning, which greatly concerns me. Where are they getting this...

 

Wednesday, September 27, 2023

Well, we’ve made it to the last installment of this month's blogs on politics, the media, and the markets, and this week, I want to leave you with a simple message. OK, maybe two messages. The first is this: history shows us that...

 

Wednesday, September 20, 2023

This week, we will examine how the media affects the stock market during election cycles. This should help add to the election, media, and market perspective we have been building so far this month. Today, I want to walk you through...

 

Wednesday, September 13, 2023

As promised, this week, we will discuss the non-sensical ideas investors devise to attempt to time the market during election seasons and the media “spewage” that supports them. Let’s start with this little gem of a...

 

Wednesday, September 6, 2023

If you have read my blogs for any period of time, you’ll know I often talk about the relationship between the media and the markets, particularly my disdain for the media. I have also been known to talk about the relationship...

 

Wednesday, August 23, 2023

So far this month, we have talked about tools to keep you and your portfolio sane during times of market and economic uncertainty, the power of money, and the difference between risk and volatility. To complete our back-to-basics...

 

Wednesday, August 16, 2023

This week we are getting back to basics with money. I know you thought we were talking about that all along, but today we are digging into the basics of money and the purchasing power it possesses.What is Purchasing Power?Purchasing...

 

Wednesday, August 9, 2023

Last week, I promised to tell you some tried and true tools that will help you manage your emotions during tough times in the market. Not only will they help you feel less emotional during turbulent times, but they can also...

 

Wednesday, August 2, 2023

Well, folks, it’s time to come back from our summer vacation themes and return to reality. Don’t be alarmed, I promise I am not going to bombard you with doom and gloom scenarios and statistics to fog your brains. Instead,...

 

Wednesday, July 26, 2023

For the final installment of Backyard Summer Shenanigans, we’re gonna get a little crazy, so break out the ice and buckets of beer - it's New Orleans-Style Babyback Beer Ribs and Twister time!

 

Wednesday, July 19, 2023

Now, you may accuse me of being southern with this recipe, but it is definitely a fan favorite… Glazed Pork Belly With Ginger BBQ Sauce. And yes, there will be cornbread!

 

Wednesday, July 12, 2023

OK, now that you have worked off those ribs from last week, let’s get the smoker out! This week’s recipe is a Grover family favorite…Texas Style Brisket, hope you’re hungry!

 

Thursday, July 6, 2023

In keeping with last month's summer-centric theme, I’ve decided to keep the summer vibes going with some of my favorite grilling recipes paired with some of the awesome games played in the Grover backyard. I hope this inspires...

 

Wednesday, June 28, 2023

No travel tips blog would be complete without a discussion of cruises, but narrowing down what to talk about was a bit difficult because there are so many moving parts to cruising. That being said, I’ve decided to focus on...

 

Wednesday, June 21, 2023

I hope the blogs this month have got you in a positive mood and have taken your mind off the nonsense we’ve been dealing with lately! This week we will discuss the best ways to do road trips! Now, as many of you know, the Grover...

 

Wednesday, June 7, 2023

I think it’s time for a vacation, don’t you? With all the stress and confusion in the world, I decided to give us a break from financial discussions this month and instead prepare us for the summer travel season with expert...

 

Thursday, May 25, 2023

Welcome back! For most trips, airfare is the most expensive part of the trip, and finding a cheap flight deal can be what makes or breaks your trip. This week, I’ll share some of the best tips on finding cost-effective...

 

Wednesday, May 24, 2023

Last week, we talked a lot about bear markets and dividends. This week, I want to close out our May series by talking about the silver linings of a bear market. Like we said last week, the S&P 500 was in bear market territory, down...

 

Wednesday, May 17, 2023

In today’s installment of our May Edu-Blogs, I want to talk to you about the importance of dividends. In 2022, the Standard & Poor's 500-Stock Index experienced a major bear market, declining around 25% from January to October,...

 

Wednesday, May 10, 2023

Last week, I talked about the dangerous investing world we are currently in and some of the reasons we find ourselves navigating this landscape right now. I have always believed, and continue to do so, that long-term shareholder...

 

Wednesday, May 3, 2023

Over the last year, it is easy to see how global political and economic instability has settled in and begun to make the world feel like a dangerous place. In this month’s edu-blog series, we will look at what has contributed to...

 

Wednesday, April 26, 2023

Protecting Your Budget from Inflation: Cutting CostsWell, folks, we made it to our fourth and final installment of this month’s series on inflation. Today, I’ll touch on ways you can cut costs to maximize the longevity of...

 

Wednesday, April 19, 2023

Protecting Your Finances from Inflation: SavingIn part 3 of this month’s blog series on inflation, we will talk about the effect inflation can have on your savings and strategies to help reduce that impact. As we said in week 1,...

 

Wednesday, April 12, 2023

Protecting Your Finances from Inflation: InvestingWelcome back! This week, we are going to begin our discussion on protecting your finances from inflation. One way to do that is to invest in assets that are likely to increase in value...

 

Wednesday, April 5, 2023

In this month’s blog series, I’ll talk about what inflation is, how it is caused, and how it affects our finances and budgets. I’ll also provide some actionable ideas on protecting yourself and your finances against inflation.

 

Wednesday, March 22, 2023

Well, folks, we made it to the last installment of a difficult topic - recession-proofing your finances. This week we will wrap our discussion up with a chat about being honest about your risk tolerance and keeping your credit score...

 

Wednesday, March 15, 2023

Welcome back, folks! This week, we are going to talk about two more ways to recession-proof your finances by creating multiple income streams and reinforcing your long-term approach to investing. Creating Multiple Income Streams Even if...

 

Wednesday, March 8, 2023

Here we are again, and it’s time to talk about how to recession-proof your finances with some action steps you can take right away. This week we will talk about creating and maintaining an emergency fund and living within your...

 

Wednesday, March 1, 2023

The “R-Word” seems to be getting an awful lot of air-time these days. From the debt ceiling discussions to inflation to jobs reports, it’s on the tip of everyone’s tongue, especially the media. Here’s...

 

Wednesday, February 22, 2023

This week, we will wrap up our exercise in unpacking the components of the SECURE Act 2.0 by looking at some incentives for small business owners and college savers. Let’s start with college savings and loan payoffs.Student Loan...

 

Wednesday, February 15, 2023

Welcome back! As promised, this week, we will take a look at the provisions in the SECURE Act 2.0 that affect employers. And, while you may own a business and think some of this doesn’t apply to you, think again because if you...

 

Wednesday, February 8, 2023

Last week, we recapped the first SECURE Act and looked at the highlights from SECURE 2.0. As I said, both pieces of legislation increase opportunities to strengthen the retirement system—and Americans' financial readiness for...

 

Wednesday, February 1, 2023

It seems like every time you turn around, there are a new set of rules you need to remember for some part of your life. From health care to taxes to retirement, there are so many rules it can make dismantling a bomb sound easy. Should...

 

Wednesday, January 25, 2023

Well, folks, we’ve done it, we’ve reached the fourth week of our visit to long-term investing land, and with that, I will share with you the final four keys to long-term investing resilience. So let’s begin. 7....

 

Wednesday, January 18, 2023

Last week, we embarked on a discussion of the first three of what I’m calling the Gover Top 10 Principles of Long-Term Investing OR The Keys to Investing Resilience. This week we will look at three additional keys, and by the...

 

Wednesday, January 11, 2023

Last week, I talked about the importance of taking a long view when it comes to investing. This is probably the most fundamental component of my, and many others, investment philosophies. There are reasons that long-term investors are...

 

Wednesday, January 4, 2023

My oldest son is an animator with a deep appreciation for the nostalgia and wisdom of classic cartoons. His sense of humor, as well as his animation style, harken back to the days of Rocky and Bullwinkle and Mr. Peabody and Sherman. As...

 

Wednesday, December 28, 2022

Well, folks, we’ve made it to the final week of our discussion on wills and estate planning, and I think we should go out with a bang. That means that today I am going to answer the big scary will and estate planning...

 

Wednesday, December 21, 2022

Ok, welcome back! Last week we talked about the scary things that face your family if you don’t have a will or estate plan or if they are out of date. This week we are going to get into the basics of a good estate plan and the...

 

Wednesday, December 14, 2022

If last week’s discussion of the myths that surround wills and estate planning weren’t cheery enough for you, today’s discussion of worst-case scenarios will probably fill the void!Now that I’ve dispelled some...

 

Wednesday, December 7, 2022

As I said at the beginning of last month’s blogs on life insurance, I recently got a text from a client, friend, and blog reader that urged me to do a blog series on preparing for death. My friend felt there was an urgency in the...

 

Wednesday, November 30, 2022

Welcome back, I hope everyone had a wonderful Thanksgiving holiday! Now that we have a good solid understanding of the importance of life insurance to end-of-life planning and how to go about getting the right policy with the right...

 

Wednesday, November 16, 2022

Last week we spoke about some of the benefits of having life insurance and who needs it. This week we are going to talk about the application process and how to determine exactly how much life insurance you need for your specific...

 

Wednesday, November 9, 2022

Last week, we began our discussion of life insurance by building an understanding of what goes into a life insurance policy and the different types of insurance there are. This week we are going to start making our discussion a bit...

 

Wednesday, November 2, 2022

I recently got a text from a client, friend, and blog reader that urged me to do a blog series on preparing for death. My friend felt there was an urgency in the need for education of older and younger folks alike on wills and life...

 

Wednesday, October 26, 2022

Here we are, folks, at our final week of preparing for the worst and positioning for the best, and this week we are going to talk about the stepped-up basis loophole! Huh? If you immediately thought, “oh, here comes the IRS...

 

Wednesday, October 19, 2022

Now that you have some tools to prepare you for maximizing your Social Security benefits and some knowledge on navigating Medicare so that you use those benefits to the best of your advantage, it’s time to talk about covering...

 

Wednesday, October 12, 2022

When the markets turn as volatile and confusing as they have over the last few weeks, even the mostpatient investors may come to question the wisdom of the investment plan they’ve been following.At Grover Financial Services,...

 

Wednesday, October 12, 2022

Last week, we discussed the importance of being knowledgeable and prepared to make critical decisions about when and how to claim your Social Security Retirement Benefits. This week we are going to talk about Medicare, which is...

 

Wednesday, October 5, 2022

Last month we began our two-part series on preparing for what can go wrong by looking at different ways to save for emergencies, handling unexpected illnesses, and covering our healthcare needs as we age. This month we will flip to the...

 

Wednesday, September 28, 2022

As we round out this month’s Edu-Blogs, I would be remiss in discussing the ways you can prepare for the unexpected if we didn’t talk about long-term care and long-term care insurance.It’s a fact of life: Someday, you...

 

Wednesday, September 21, 2022

Welcome back; I hope everyone is having a good September. Today I want to discuss preparing for the possibility of unexpected health issues or disabilities. If misfortune strikes, having a plan is incredibly important when it comes to...

 

Wednesday, September 14, 2022

Last week I introduced our Edu-Blog topic for the next two months - preparing for what can go wrong and investing for what can go right. This week we are going to start jumping into the “what can go wrong” part of that...

 

Wednesday, September 7, 2022

So, I am going to do something different again this month, and next month too, with these Edu-Blogs. This time, I am going to do a two-month blog topic series with a total of eight blogs. Why do that? Because this topic is truly that...

 

Wednesday, August 31, 2022

The National Financial Awareness Day Toolkit BooksNapkin Finance by Tina HayThe Millionaire Next Door by Thomas J. StanleyWebsitesInvestopediaNerdWalletThe BalanceTips/Action StepsDefine...

 

Wednesday, August 24, 2022

As we round out this month’s Edu-blogs about tips and resources you can use to increase your financial awareness and celebrate “National Financial Awareness Day” every day, not just on August 14th, I want to share...

 

Wednesday, August 17, 2022

Welcome back; I hope everyone is having a good August. Today I want to discuss the direct relationship between financial awareness and financial freedom. I promise I am not veering off the subject because, after all, what is the point...

 

Wednesday, August 10, 2022

Here we are, week two of our financial awareness challenge, and I’m here with some resources that can help you create more financial awareness in your life. I’m a pretty visual guy and a native New Yorker, so I tend to...

 

Wednesday, August 3, 2022

Ever feel like there is a day to celebrate nearly every possible thing you could dream up? I did, and so out of shameless curiosity, I Googled “August 2022 Holidays and Celebrations”, and guess what I found? In addition to...

 

Wednesday, July 27, 2022

This week we are going to round out our discussion on good things to do during a bear market with a chat about diversification. Let's begin with some basic thoughts on diversification and then we will talk about how diversification helps...

 

Wednesday, July 20, 2022

Last week we started to talk about what you can do, as a long-term investor, to weather the bear, specifically the merits of avoiding panic and emotional responses. This week we are going to talk about two smart strategies you can...

 

Wednesday, July 13, 2022

Last week we talked about the bear market and how we got here. This week I want to look at what you can do, as a long-term investor, to weather a bear.What should investors do during a bear market?For many investors, seeing their...

 

Wednesday, July 6, 2022

The current market environment may have many of us remembering one of Yogi Berra's famous quotes, "It feels like déjà vu all over again." But make no mistake, the bear is back. A bear market, as you may recall, is a drop of...

 

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Wednesday, June 15, 2022

 

Wednesday, June 8, 2022

 

Wednesday, June 1, 2022

We all know the phrase, “keep calm and carry on” and the numerous catchphrases that have evolved from it. We may even know a bit about the history behind the phrase, but either way, it boils down to - when you know what...

 

Wednesday, May 25, 2022

 

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Wednesday, January 26, 2022

Inflation: Into the Past If a stock market prophet did exist (it does NOT), it would be the past. The past gives us a clearer picture of what’s to come by looking at what came before. Let’s talk about December 5th, 1996...

 

Wednesday, January 19, 2022

Inflation: Why You Own Equities  It is no doubt that inflation is back, and it has been intimidating to many investors. Rather than run for the hills, I strongly encourage you to listen to the wise advice of financial advisors out...

 

Wednesday, January 12, 2022

Welcome to the “New” Year, where we continue to talk about old issues. One of the most popular ole’ problems? Inflation. Inflation has been ringing in our ears for years now, but the tune seems to be getting louder by...

 

Wednesday, January 5, 2022

Inflation is back, and it’s demanding our attention - again. As often as we try to cover our eyes and ears, the noise is not giving up. I want 2022 to be as peaceful as possible, which is why I will be spending the rest of this month going

 

Wednesday, December 29, 2021

Welcome back! This week we will be drawing our attention to an organization dedicated to supporting survivors of domestic violence and abuse. The Willow Center offers a range of emergency and non-emergency supportive services for...

 

Wednesday, December 22, 2021

Welcome back! I know I mentioned that each of the charities in this month's blog series has some significance to me and my family, but not all of them are ones that I have experienced firsthand. Troubled youth organizations, such as...

 

Wednesday, December 15, 2021

It’s a new week, which means it's time to deep dive into a new organization. When I was deliberating on which organizations I wanted to work with this month, the Veterans Outreach Center immediately came to mind. I am a Veteran...

 

Wednesday, December 8, 2021

Welcome back! As promised, I will be doing a deep dive into the organizations I listed last week - starting with Cobblestone Art Center. A friend of mine opened my eyes to this organization, and it’s safe to say, they are pretty...

 

Wednesday, December 1, 2021

The holiday season is upon us, and with the time for gifts comes the time for giving. That is why I have decided to dedicate this month to a series of charities that are significant to me, and my family, in unique ways. We all know my...

 

Wednesday, November 24, 2021

The last installment in our November Edu-Blog series on healthcare is dedicated to the stragglers. Remember that open enrollment closes on December 15th, 2021. We all know that enrolling in healthcare coverage is about as exciting as...

 

Wednesday, November 17, 2021

In Part 3 of our November Edu-Blog series on health insurance, I’m going to share some ideas on how to determine how you use your health insurance plan and how to get the most out of it by focusing on high deductibles, provider...

 

Wednesday, November 10, 2021

In Part 2 of our November Edu-Blog series on health insurance, I will go over two factors that I believe can help drive the cost of health insurance down on an individual basis. Now, these aren’t quick band-aid fixes; they simply...

 

Wednesday, November 3, 2021

In Part 1 of our November Edu-Blog series on health insurance, I want to start with the obvious. The healthcare industry was not ready for COVID-19, and therefore the future of health insurance is in flux. We expect to see a...

 

Wednesday, October 27, 2021

We started this month covering the COVID collapse and used that to explain why the market and its many movements are not something to fear. Instead, I hope I have shown you that there are two sides to every coin. And while we most...

 

Wednesday, October 20, 2021

This feels like a topic we’ll never get away from, no matter how old we get. It follows us everywhere. We heard it from our mothers, our teachers, our coaches. Throughout life, it was: discipline, discipline, discipline. Nowadays...

 

Wednesday, October 13, 2021

Last week we talked about everyone’s least favorite subject: the COVID collapse. But more importantly, we talked about why it shouldn’t be everyone’s least favorite subject. Like I said in the previous blog posts,...

 

Wednesday, October 6, 2021

Let’s be real. The COVID collapse is probably the last thing on everyone’s “to-talk-about” list. We’ve heard enough; we’ve seen enough. We’ve screamed enough. I don’t blame you. This time...

 

Wednesday, September 29, 2021

Wealth is More Than Money - Asking Questions Now that we’ve come to the end of our blog series, you might have a few questions. I’m here to tell you - that’s a good thing. Asking questions is the last topic on our...

 

Wednesday, September 22, 2021

Wealth is More Than Money - Harmony in The Home Last week we talked all about prioritization and how doing it well can help generate wealth in unexpected ways. This week, we’re going to go over yet another non-financial means of...

 

Wednesday, September 15, 2021

Wealth is More Than Money - Prioritizing This month, I decided to share some lifestyle ideas I’ve had on my mind this year. You see, there are certain habits and behaviors that, while not directly related to finance, can spell...

 

Wednesday, September 8, 2021

Wealth is More Than Money - Time Management Last week, we talked about how tackling burnout is one non-financial way to improve your overall wealth. This week, I want to talk about managing your most valuable non-financial asset - time...

 

Wednesday, September 1, 2021

Wealth is More Than Money - Tackling Burnout When it comes to helping people reach their goals, most financial advisors tend to focus on areas like investing, tax planning, and other money-related topics. I am no exception. After all,...

 

Wednesday, August 25, 2021

What are the big things that people worried about finance tend to pay attention to? GDP and the S&P 500. Those are the titans that tell us when it’s time to tighten our bootstraps or go out and buy new ones. Before we move on,...

 

Wednesday, August 18, 2021

One big problem post-pandemic was our outlook on the American job market. Let’s be honest; we took a massive hit on unemployment and inevitably fell into a recession. I don’t mean to send you into cardiac arrest by...

 

Wednesday, August 11, 2021

It’s an excellent time to be alive - it’s also the easiest time to be alive. If you’re so eager to go back into those “good old days'' we talked about, it’s important to remember that they didn’t...

 

Wednesday, August 4, 2021

I know a lot of you might already disagree with the title - and I get it. Optimism being the new realism doesn’t exactly match our collective agreement that life (at least in 2020) was straight out of a bad movie. That’s...

 

Wednesday, July 28, 2021

Inflation: Why We Shouldn’t Worry You made it through the end of this blog series, which means you’ve made it through another month of potential inflation, and you’re still alive! I’m proud of you! That...

 

Wednesday, July 21, 2021

Inflation: Why It's Good Ah, now off to the good part. Last week we talked about all the reasons inflation is the bad guy, but it turns out that inflation does have some redeeming qualities. Again, inflation is like kids - doing things...

 

Wednesday, July 14, 2021

Inflation: Why It’s Bad Inflation has a lot of effects positive and negative. Today, let’s focus on the latter! Don’t worry; I am not doing that just to ruin your day. We’re going to discuss the negative side...

 

Wednesday, July 7, 2021

Inflation: What Is It and What Causes It Well, if you thought you were done hearing about inflation for a while, I’ve got bad news for you - it’s back! Honestly, if you think you will ever be done hearing about inflation,...

 

Wednesday, June 30, 2021

You know when you go to buy a shiny new phone and the salesman says to you, “only $100 a month with our new promotion!” That’s $100 less than the other carrier was going to charge. Woop woop! All of a sudden that...

 

Wednesday, June 23, 2021

Last week we talked about diversification and how building a portfolio out of multiple categories and companies helps mitigate the risk of “putting all your eggs in one basket.” This week, we talk about rebalancing, which...

 

Wednesday, June 16, 2021

I’m sure you’ve all heard the saying, “don’t put all your eggs in one basket!” Whether it’s coming from your grandmother after she heard your teenage dream of being in a rock band or from a financial...

 

Wednesday, June 9, 2021

Last week we talked about dollar-cost-averaging and compounding interest, two investment strategies that require setting aside emotions and riding the rollercoaster of the changing market. With these two, investors must avoid the fear...

 

Wednesday, June 2, 2021

Last week we focused on the importance of managing emotions when it comes to the market. Of course, it would be wonderful if we all could keep our head level when it came to money, but it turns out we are human, instead. Annoying,...

 

Wednesday, May 26, 2021

This week, I want to wrap up our May series on behavioral investing by talking about successful long-term investors’ tried and true behaviors. I find this fascinating, and I’ve studied the temperament of some of the most...

 

Wednesday, May 19, 2021

In last week’s Edu-Blog, I promised to give you some ways to avoid getting emotional about the markets and investing in general. One of my favorite financial authors says something like; the performance of your investments...

 

Wednesday, May 12, 2021

Last week, we started our monthly Edu-Blog series for May with a discussion on a financial advisor’s other roles, specifically that of a behavioral coach. In that discussion, we talked about the adverse effects sudden and...

 

Wednesday, May 5, 2021

OK folks, buckle up because we are going to talk about a topic that no one wants to say out loud. “What the heck do I pay you for?” OK, I said it; it’s out in the open now, so let’s go. But wait...I should say...

 

Wednesday, April 28, 2021

This month we’ve talked a lot about the tortoise and hare methods of investing. For our purposes, the hare is the speculator, and the tortoise is the investor. This week I’d like to share with you my specific approach to...

 

Wednesday, April 21, 2021

In the last two weeks, we focused on really understanding the difference between speculation and investing, the pros and cons of each, and how speculation differs from making informed decisions based on market research. This week, I...

 

Wednesday, April 14, 2021

Last week we covered the basics of speculating and investing. Now that you know the difference, it’s time to look at which is “better.” I chuckle about this because I am firmly in the “investing is better” camp. Yet, in the interest of...

 

Wednesday, April 7, 2021

There has been a lot of chatter in the news lately about fast-growing companies that seem like a smart “bet,” think GameStop, Bitcoin, and overvalued IPOs. The scary part is that many investors are making changes to their...

 

Wednesday, March 31, 2021

Volatility: The Silver Lining Playbook – Part 5 As promised, this week, I’m giving you the full playbook as a tool to still jangled nerves and perhaps even welcome volatility. Volatility: The Silver Lining Playbook...

 

Wednesday, March 24, 2021

Volatility: The Silver Lining Playbook – Part 4 This week I will share the last three of the top ten reasons I believe we need to reframe our view on volatility, A.K.A., my “volatility silver lining playbook.” And the...

 

Wednesday, March 17, 2021

Volatility: The Silver Lining Playbook – Part 3 Last week I shared the first four of the top ten reasons I believe we need to reframe our view on volatility, A.K.A. my “volatility silver lining playbook.” This week we...

 

Wednesday, March 10, 2021

Volatility: The Silver Lining Playbook – Part 2 This week I will share the first four of the top ten reasons that I believe we need to reframe our view on volatility. I call this my “volatility silver lining playbook...

 

Wednesday, March 3, 2021

Volatility: The Silver Lining Playbook – Part 1 Defining Volatility It goes without saying that volatility can be crazy-making. In our March Edu-Blog series, I am going to show you just how normal volatility is and that it is...

 

Wednesday, February 24, 2021

Retirement in the New Normal: Part 4 In the last two blogs in this series, I shared seven tips on pandemic-proofing your retirement strategy. In this post I will share the final three with you. I cannot stress enough, the importance of...

 

Wednesday, February 17, 2021

Retirement in the New Normal: Part 3 Last week, we started talking about some things to keep an eye on and approach differently in the “new normal”. For the next two weeks in our series, we will discuss additional things...

 

Wednesday, February 10, 2021

Retirement in the New Normal: Part 2 Last week, we talked about plugging the dam of unexpected job loss or furlough. If that is part of your reality in the “new normal”, then that needs to be addressed. This week, we will...

 

Wednesday, February 3, 2021

We are all painfully aware that the pandemic and its effects have changed life as we know it for the foreseeable future, if not forever, and this includes how and when we retire. For that reason, our February Edu-Blog series will...

 

Wednesday, January 27, 2021

Market Timing Madness What is Market Timing? Market timing is the strategy of making buying or selling decisions of financial assets by attempting to predict future market price movements. The prediction may be based on an outlook of...

 

Wednesday, January 20, 2021

Money is Purchasing Power What is Purchasing Power? Purchasing power is the value of a currency expressed in terms of the amount of goods or services that a certain amount of money can buy. Purchasing power is important because, all...

 

Tuesday, January 12, 2021

Diversification, Asset Allocation, and Rebalancing Diversification The practice of spreading money across different investments to reduce risk is known as diversification. By choosing the right group of investments, you can potentially...

 

Wednesday, January 6, 2021

Risk and Volatility are Not the Same Part 1 of this month’s discussion will focus on risk vs. volatility. This month is the start of a new year and with a new year comes new beginnings and new opportunities to make the most out...

 

Wednesday, December 23, 2020

Part 4 of our month-long discussion on year-end tax strategies will focus on using estate and gift tax planning. The techniques below are things that should be reviewed with your accountant as we are not tax advisors. The information...

 

Wednesday, December 16, 2020

Part 3 of our month-long discussion on year-end tax strategies will focus on using charitable gifts to reduce your tax liability. The techniques below are things that should be reviewed with your accountant as we are not tax advisors....

 

Wednesday, December 9, 2020

In Part 2 of our month long discussion on year-end tax strategies we will put tax policy aside and talk more about income tax planning using blocking and tackling techniques. These techniques are things that should be reviewed with...

 

Wednesday, December 2, 2020

In Part 1 of our Edu-Blog series for December on year-end tax strategies we will take a look at the possibility of changes to the tax law and how to prepare for them. We all know that each president has their own policys around just...

 

Wednesday, November 25, 2020

The last installment in our November Edu-Blog series on healthcare is dedicated to the stragglers. Remember that open enrollment closes on December 15th, 2020. We all know that enrolling in healthcare coverage is about as exciting as...

 

Wednesday, November 18, 2020

In Part 3 of our November Edu-Blog series on health insurance, I’m going to share some ideas on how to both determine how you use your health insurance plan and how to get the most out of it by focusing on high deductibles,...

 

Wednesday, November 11, 2020

In Part 2 of our November Edu-Blog series on health insurance, I’m going to go over two factors that I believe can help drive the cost of health insurance down on an individual basis. Now, these aren’t quick band-aid fixes,...

 

Wednesday, November 4, 2020

In Part 1 of our November Edu-Blog series on health insurance, I want to start with the obvious. The healthcare industry was not ready for COVID-19 and therefore the future of health insurance is in flux. We expect to see a...

 

Wednesday, October 28, 2020

In the final October edition of our Managing Election Hysteria Edu-Blog we will take a look at the theory that the markets can predict the next president. It seems rather far fetched, I know, however history has a different tale to...

 

Friday, October 23, 2020

In the second week of our Managing Election Hysteria Edu-Blog we are going to talk about how the markets and election seasons effect each other. Many people wonder if politics really drive the market, or if it is the other way...

 

Friday, October 16, 2020

If you are like me, you are probably suffering from election exhaustion. It seems like everywhere we turn the media is bombarding us with information, speculation, and drama surrounding the 2020 election. The media can be a Dr. Jekyll...

 

Monday, October 12, 2020

The Week on Wall Street Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500...

 

Monday, October 5, 2020

The Week on Wall Street Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and optimism generated by a few corporate deal announcements and initial public offerings....

 

Monday, September 28, 2020

The Week on Wall Street Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.The Dow Jones Industrial...

 

Wednesday, September 23, 2020

What We’ve Learned The Good, The Bad, and The Ugly of 2020 Let’s go back to February 19, 2020. Life was pretty good, wasn’t it? We were still in a solid yet slowing bull market. Sure, we were hearing the pundits grumble about the...

 

Monday, September 21, 2020

The Week on Wall Street Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard...

 

Monday, September 14, 2020

The Week on Wall Street Stocks traveled a volatile path last week as investors appeared concerned about the upcoming elections, an uncertain economy, and more delays with additional fiscal stimulus. The Dow Jones Industrial Average...

 

Tuesday, September 8, 2020

The Week on Wall Street A late week sell-off sent stocks broadly lower as investors took some profits after stocks reached all-time highs earlier in the week. The Dow Jones Industrial Average slid 1.82%, while the Standard & Poor’s...

 

Monday, August 31, 2020

The Week on Wall Street Stocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate. The Dow Jones Industrial...

 

Monday, August 24, 2020

The Week on Wall Street Stocks powered to another week of gains as the S&P 500 and Nasdaq Composite set multiple new record highs along the way.The Dow Jones Industrial Average was essentially unchanged while the Standard & Poor’s 500...

 

Monday, August 17, 2020

The Week on Wall StreetStock prices drifted higher in an otherwise quiet news week, as a slowdown in new COVID-19 cases outweighed a Congressional impasse on a new fiscal-spending measure. The Dow Jones Industrial Average gained 1.81%...

 

Monday, August 10, 2020

The Week on Wall StreetOverlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and the NASDAQ Composite setting multiple fresh record...

 

Monday, August 3, 2020

The Week on Wall Street Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package.The Dow Jones Industrial Average slipped 0.16%, while the...

 

Monday, July 27, 2020

The Week on Wall Street Stocks slipped in the final days of trading last week on higher jobless claims and rising tensions in the U.S.-China relationship. The Dow Jones Industrial Average lost 0.76%, while the Standard & Poor's 500...

 

Monday, July 20, 2020

The Week on Wall StreetStocks were mixed last week as investors reacted to positive economic data, progress on a COVID-19 vaccine, and the continued nationwide increase in COVID-19 cases. The Dow Jones Industrial Average gained 2.29%,...

 

Monday, July 13, 2020

The Week on Wall StreetStock prices notched solid gains last week, looking past an increase in COVID-19 cases and any potential economic concerns raised by the trend. The Dow Jones Industrial Average increased by 0.96%, while the...

 

Monday, July 6, 2020

The Week on Wall StreetIn a holiday-shortened week, stock prices turned higher as encouraging economic data outweighed an increase in COVID-19 cases and a rollback in economic re-openings.The Dow Jones Industrial Average rose 3.25%,...

 

Monday, June 29, 2020

The Week on Wall StreetA jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery. The Dow Jones Industrial Average slumped 3.31%,...

 

Monday, June 22, 2020

The Week on Wall StreetStocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown. The Dow Jones Industrial Average rose 1.04%,...

 

Monday, June 15, 2020

The Week on Wall StreetInvestor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where reopening has been underway as well as a subdued economic forecast from the Federal Reserve. The Dow Jones...

 

Monday, June 8, 2020

The Week on Wall StreetA positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions with China.The Dow Jones Industrial...

 

Monday, June 1, 2020

The Week on Wall StreetThe shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains. The Dow Jones Industrial Average rose 3.75%, while the Standard &...

 

Tuesday, May 26, 2020

The Week on Wall StreetUpbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.The Dow Jones Industrial Average rose 3.29%, while...

 

Monday, May 18, 2020

The Week on Wall StreetStocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell's unsettling comments on the economy and signs of renewed tensions with China.The Dow Jones Industrial Average fell 2.65%,...

 

Monday, May 11, 2020

The Week on Wall StreetDespite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad.The Dow Jones Industrial Average gained 2...

 

Monday, May 4, 2020

The Week on Wall StreetStock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their economic lockdowns. The Dow Jones Industrial Average...

 

Monday, April 27, 2020

The Week on Wall StreetStock prices bounced around last week as investors reacted to wild swings in the price of oil and reports that called into question the efficacy of two potential virus treatments.The Dow Jones Industrial Average...

 

Monday, April 20, 2020

The Week on Wall StreetStock prices pushed higher last week as news of a White House plan to reopen the economy and reports of a potential COVID-19 treatment helped the market overcome weak economic data and an ugly start to the...

 

Monday, April 13, 2020

The Week on Wall StreetThe stock market staged a broad rally this week, buoyed by the prospect that COVID-19's grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses.The Dow Jones...

 

Monday, April 6, 2020

The Week on Wall StreetModest declines in stock prices this week masked the volatile inter- and intraday price swings as investors digested poor economic data and a warning from the president that the worst days of the COVID-19...

 

Monday, March 30, 2020

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices. The Dow Jones...

 

Monday, March 23, 2020

The Week on Wall StreetThe stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy...

 

Sunday, March 22, 2020

Our everyday lives have changed dramatically over the last few weeks as we work together to minimize the impact of the COVID-19 pandemic. We know these efforts are necessary, but they also have come at a cost.Global economic growth has...

 

Friday, March 20, 2020

When the markets turn as volatile and confusing as they have over the last few weeks, even the most patient investors may come to question the wisdom of the investment plan they’ve been following. At Grover Financial Services,...

 

Monday, March 16, 2020

The Week on Wall StreetMarkets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices.The Dow Jones Industrial Average fell 10...

 

Sunday, March 15, 2020

I want to share information about the steps we’ve taken to minimize any potential impact to our clients as a result of the Coronavirus (COVID-19) situation and maximize our efforts to keep our team and clients safe. This event,...

 

Tuesday, March 10, 2020

Yesterday – March 9 – is the eleventh anniversary of the crescendo of global panic that marked the bottom of the bear market of 2007-09. It is to me a thing of the most wonderful irony that the world has elected to...

 

Monday, March 9, 2020

The Week on Wall StreetHeightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week.The Dow Jones Industrial...

 

Monday, March 2, 2020

The Week on Wall StreetStocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.The selloff became a correction for the U.S. markets. The S&P...

 

Monday, February 24, 2020

The Week on Wall StreetTraders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite.A...

 

Tuesday, February 18, 2020

The Week on Wall StreetDaily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more influence. All three Wall Street benchmarks improved. The Nasdaq Composite rose 2.21%,...

 

Monday, February 10, 2020

The Week on Wall StreetStocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite surged 4.04%, the S&P 500 3.17%, and the Dow Jones Industrial Average 3.00%. Foreign...

 

Monday, February 3, 2020

The Week on Wall StreetStock benchmarks declined for a second straight week as coronavirus news tempered risk appetite.The S&P 500 fell 2.14% on the week. The Nasdaq Composite dipped 1.76%, and the Dow Jones Industrial Average, 2.55%....

 

Monday, January 27, 2020

The Week on Wall StreetStock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus.Foreign stock markets, as tracked by the broad MSCI EAFE index, fell 1.03% for the week....

 

Tuesday, January 21, 2020

The Week on Wall StreetTraders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement...

 

Tuesday, January 14, 2020

The Week on Wall StreetThe market had a choppy five days, with traders reacting to geopolitical developments and weaker-than-expected jobs data. Even so, the three major U.S. equity indices posted weekly gains and continued their...

 

Monday, January 6, 2020

The Week on Wall Street Stocks descended from record highs Friday, as traders reacted to a U.S. drone strike that killed Iran's top military officer. Oil prices rose more than 3% following the breaking news.[1] Wall Street benchmarks...

 

Monday, December 30, 2019

What Drove the Markets? Four factors influenced investment performance in 2019: a shift in U.S. monetary policy, the ongoing trade dispute between the U.S. and China, earnings, and the economy. Stocks reached record highs in 2019. The...

 

Monday, December 16, 2019

The Week on Wall Street The U.S. and China announced a limited trade agreement last week. That news lifted U.S. and foreign stocks, leading to weekly gains. Advancing 0.91% on the week, the Nasdaq Composite outperformed the S&P 500...

 

Monday, December 9, 2019

The Week on Wall Street Key Wall Street benchmarks were up and down last week – or rather down and then up. A Tuesday retreat was offset by a Friday rally spurred by the Department of Labor’s November jobs report. While the S&P 500...

 

Monday, December 2, 2019

The Week on Wall Street As November wrapped up, U.S. equity benchmarks advanced. Stocks were again aided by a sense of optimism that a preliminary U.S.-China trade deal could be near. For the week, the Nasdaq Composite added 1.87%;...

 

Monday, November 4, 2019

The Week on Wall Street A better-than-forecast jobs report prompted a stock market rally Friday, two days after traders witnessed another interest rate cut by the Federal Reserve. Both the S&P 500 and Nasdaq Composite ended the week...