Financial Planning Articles

6 minutes read

Is my money safe? Understanding the impact of a bank collapse

The recent collapses of Silicon Valley Bank (SVB) and Signature Bank (Signature) resulted in two of the three biggest bank collapses in U.S. history, behind the 2008 collapse of Washington Mutual. This has created uncertainty over the stability and liquidity of all banks, especially for those with...

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5 minutes read

Navigating SECURE 2.0 Retirement Reform: Key Changes & Planning Strategies

Retirement savings rules have recently undergone significant changes with the implementation of SECURE 2.0. From age changes for required minimum distributions (RMDs) to more opportunities to save with catch-up contributions, read on to learn some of the fundamental changes from this legislation and...

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4 minutes read

Why Average Rate of Return is Not the Key to Retirement Income Planning

Many investors use the average rate of returns as one of their primary metrics for assessing portfolio performance. In your earning years, the average rate is a useful benchmark because most people are focused on total wealth accumulation. But when you enter retirement, the order in which you expe...

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4 minutes read

Don’t Let Age Guide Your Retirement Planning

There are many rules of thumb in the world of personal financial planning, particularly when it comes to retirement planning. Some common “rules” are to be more conservative with your money as you get older, or that the percentage of bonds in your portfolio should be equal to your age. These rules m...

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4 minutes read

The Sandwich Generation: Breaking the Cycle to Create Multi-Generational Wealth

“The sandwich generation” is a term used to describe those people who are simultaneously raising children and taking care of their aging parents, all while trying to plan for their own retirement and personal needs. Being sandwiched in between two generations can create an unsustainable financial si...

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4 minutes read

10 Interview Questions to Ask Your Financial Advisor

Ask the Right Questions Not all financial advisors are the same. Asking the right questions can help you find the right advisor for your specific goals. However, you may not be aware of what questions to ask or even what a good answer would be. You may find this concise s...

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4 minutes read

Inflation: Responding Appropriately with Flexibility and Discipline

Inflation is a hot topic these days with many experts and financial institutions offering predictions about the short- and long-term outlook. The truth is, no one can tell the future, and trying to guess our way around what will or will not happen is poor financial planning. Instead, let us take an...

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4 minutes read

Rolling over your 401(K)? Consider Net Unrealized Appreciation first

At Granite Harbor Advisors, we believe in helping our clients better understand all of their options so they can make the best decision for their families. To that end, here is a more detailed look at what net unrealized appreciation is and how you can use it to advance your financial goals. What ...

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2 minutes read

Do I Need a Financial Advisor?

In the 21st century, endless information is accessible in the palm of our hands. With a few clicks, we can find the basic information we need to make financial decisions quickly and easily. But for some of us, basic information is not enough. Additionally, we tend to have limited amounts of time f...

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