Penobscot Financial Advisors

PFA Ponderings Retirement

April 11, 2022

What is WEP? Why does it reduce my SS Benefits?

What is this ‘Windfall Elimination Provision’, and why does it reduce my Social Security benefits? Public school teachers in 15 states and the District of Columbia do not participate in Social Security. What this means is that they and their employers don’t pay in the social security taxes and they…

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Investing News Podcast: Financial Discretion Advised

March 31, 2022

E26: Interest hikes like the 80’s? The Power of Tax Deferral

https://youtu.be/MPT5FkMFFT8 Executive Summary Interest hikes like the 80's? Power of Tax Deferral and the $400k mistake you may be making! In this episode, Tyler breaks down the tough task ahead of the fed when it comes to interest rate hikes and inflation. Additionally, he examines the power of tax deferral…

Penobscot Financial Advisors

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News Podcast: Financial Discretion Advised

February 28, 2022

E25: Russian Invasion and the Markets

https://youtu.be/6hih5wEtFYk Executive Summary In this episode Tyler breaks down how war has impacted the market since 1940 and what that means for the recent invasion of Ukraine by Russia. First, we would like to send our thoughts to those impacted by the military action in Eastern Europe and hope for…

Penobscot Financial Advisors

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News PFA Ponderings

February 28, 2022

War, the Economy, and your Portfolio

The recent buildup of Russian forces around Ukraine left many people, including plenty of our clients, asking whether they should be changing their investment strategy in the face of potential war. The subsequent invasion of the sovereign Ukraine by Russian forces, along with much of the market volatility that has…

Penobscot Financial Advisors

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Podcast: Financial Discretion Advised

February 22, 2022

E24: Frugal Parenting

https://www.youtube.com/watch?v=mMDmtN6K4aA Executive Summary Kids are expensive. The estimated cost of raising a child until the age of 17 is $233,610 (with inflation, that is estimated to be $280k). That figure excludes the cost of higher education. Here are a couple of life hacks and financial hacks when dealing with the…

Penobscot Financial Advisors

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Podcast: Financial Discretion Advised

February 15, 2022

E23: Market Corrections, Fixing Social Security, HSA

https://www.youtube.com/watch?v=XO3T-OFUvE8 Executive Summary In episode 23 of Financial Discretion Advised, Tyler brings Jim Bradley back on to discuss the current market volatility and how it fits in the historical context of the market, as well as Jim’s fixes for a broken Social Security System. The two finish up talking about…

Penobscot Financial Advisors

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Investing Podcast: Financial Discretion Advised

January 21, 2022

E22: Alternative Assets, US Mega Caps, Financial Success in 2022

Watch the video HERE Alternative Assets  - What are they? Alternative assets tend to be a “catch-all” category that includes things like Real Assets (Commodities and Private Real Estate), as well as things like private equity, private debt, hedge funds and liquid alternatives. Sam gives us a good break down…

Penobscot Financial Advisors

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PFA Ponderings

January 19, 2022

How I rescued Social Security. (And you can, too!)

Most American citizens have not experienced a society without Social Security. We take largely for granted a system that nudges over 10 million seniors above the poverty line; one that, for 1 in 4 seniors, provides 90 percent of the income they rely upon for food and shelter. These statistics…

Penobscot Financial Advisors

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Investing PFA Ponderings

December 20, 2021

The ‘Boring’ I-Bond: It’s not so boring right now.

Investing in bonds, whether to diversify a portfolio, to produce reliable income, or to simply hold onto some money for a ‘rainy day’, has been challenging over the past few years. Interest rates, which started to look slightly more competitive in 2018 and 2019 returned to even lower levels in…

Penobscot Financial Advisors

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PFA Ponderings

December 6, 2021

Tax efficient charitable giving over the Holidays

Historically, the holiday season has been one where people focus on charitable giving. Studies show that about 2 out of 3 Americans take part in charitable giving, with a total amount approaching nearly half a trillion dollars overall. December is the month where most giving occurs, and while taxes are…

Penobscot Financial Advisors

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What is WEP? Why does it reduce my SS Benefits?

E26: Interest hikes like the 80’s? The Power of Tax Deferral

E25: Russian Invasion and the Markets

War, the Economy, and your Portfolio

E24: Frugal Parenting

E23: Market Corrections, Fixing Social Security, HSA

E22: Alternative Assets, US Mega Caps, Financial Success in 2022

How I rescued Social Security. (And you can, too!)

The ‘Boring’ I-Bond: It’s not so boring right now.

Tax efficient charitable giving over the Holidays

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