Sequence of Returns Risk (click to view full blog)

Sequence of Returns Risk (click to view full blog)

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...
April 2020 – Market Commentary & Business Owner Update

April 2020 – Market Commentary & Business Owner Update

ReminderYou have until July 7th to contact us if you’d like to contribute into an 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 we can save you on your tax preparation...
Traditional VS. Roth IRA

Traditional VS. Roth IRA

Traditional VS. Roth IRA Our last two blogs discussed the important of saving for retirement though our discussion of Time Value of Money and we also touched on how to budget appropriately for these savings within our Budgeting 101 post.  Now, we will be...
March 2020 – Special Market Update

March 2020 – Special Market Update

Market Update We’d like to start off with some positive news, the whole country and economy is NOT shut down. Most people were at work today and can work from home if need be. China looks to be improving and we’re receiving guidance daily from our state and federal...
March 2020 – Market Update & Commentary

March 2020 – Market Update & Commentary

IRA Contribution Reminder: You 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...
Budgeting 101

Budgeting 101

Budgeting 101 The first step towards a successful financial future is creating a budget. Without a budget, there is no foundation for a financial plan. This article is going to discuss our 5-step budgeting process as well as highlighting some of the common issues we...