Inflation is a popular conversation these days as we have seen a gallon of gas rise from sub $2 levels to above $3 in some areas of the state (AAA). Lumber prices have also been a hot topic as some COVID-19 home projects had to be put on hold due to lumber prices...

Pensions are a luxury that very few pre-retirees are still being offered today. Most employers are shifting away from pensions because these retirement benefits create a large strain on the company’s cash flow. However, if you have a lump sum vs. pension decision to...

Taking the first steps in planning your financial future can be scary. But there’s good news: you do not need a Ph.D. in finance to start growing your wealth. Saving for retirement and other long-term goals is a matter of getting started and working with someone you...

There are many interesting points to consider when analyzing today's market. The major indexes bounced back in April, but technology continued to underperform.  The leaders this month were Energy, Financials, Real Estate, and Communication Services.  For the past 20...

Continuing our current discussion, we have been looking at various types of insurance over the past couple months. Overall, insurance is a risk management process. Risk is managed by buying the insurance policy to protect against a financial loss event. We will cover...

COVID-19 UpdateYou have until April 7th to contact us if you’d like to contribute into your Roth IRA, or Traditional IRA so you can write it off on your tax return. In addition, we can help you with tax prep! Please call (586) 459-5340 to find out how much...

The major indexes bounced back in March, but technology continued to underperform.  The leaders this month were Utilities, Energy, Consumer Staples, Health Care. For the past 20 years, growth companies, especially technology, have led the charge higher for the stock...

Continuing our current discussion, we will be looking at various insurance types over the past couple of months. Overall, insurance is a risk management process and a critical step in mitigating risk. Risk is managed by buying the insurance policy to protect against a...

How the Stock Market is Doing Amid the Pandemic We’ve experienced significant spikes of volatility in the stock and bond markets to end January and now February as well. Typically, when we see big dips in the stock market, bonds begin to cover the slack and offset...

2020 is over. What now? To say that 2020 was an eventful year is an understatement, but 2021 has been interesting as well!  Between the new Covid variants now spreading, the 2nd Trump impeachment, the riots at the capital, and the end-of-month drop in the market...

The recent news regarding GameStop, AMC, Blackberry, etc. has many individuals wondering, “What exactly is a Short Squeeze?” This blog post will explain from a high-level view what short selling is, what it means to be squeezed, and the major catalysts and results of the recent major events.

Here at Summit Financial, we believe the largest risk to a retirement income plan is the Sequence of Returns Risk. In this month’s blog, we will be discussing specifically what this risk is, the affects it can have on retirement, and how we can manage this risk...

This month, we will continue our discussion of estate planning techniques. Last time, we reviewed the differences between Per Capita and Per Stirpes designations. Those designations are important, but they are not the only estate planning tool you need to be aware of....

This month, we will continue our discussion of estate planning techniques. We will be focusing on four additional tools that can be used to enhance an individual’s estate planning. These tools are Power of Attorneys, Patient Advocates, Pour Over Wills, and Stretch IRA...