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Most homeowners are familiar with Part I of their homeowners insurance policy, which covers damage to their property. However, many policyholders may be surprised to discover the extent to which Part II protects them. Part II of their homeowners policy covers against liability incurred by injuring or damaging the property of another person. Earlier this month, Hyland Financial Planning partnered with the Financial Planning Coalition in speaking with members of Congress. The goal of this meeting was to advocate for policy measures that ensure financial planning services are delivered in the best interests of the public and to enable the public to identify trustworthy financial advisors. As the seasons come and go, many of us reach into our closets only to discover our clothes no longer fit or suit our current needs. If this has happened to you, you’re not alone. Life is constantly changing. Things that may have worked well in the past often need to be “altered” as our lives and circumstances change. Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review with your estate plan: What is OPERS? OPERS stands for The Ohio Public Employees Retirement System. This is a retirement pension system offered to public Ohio employees that replaces the standard Social Security system. As an employee, you contribute 10% of your annual salary towards your OPERS retirement and your employer contributes another 14% of your annual salary. There are two types of funds you may be looking to invest in: actively managed and passively managed. First, a fund is an investment tool that takes your investment capital and divides it between selected stocks and bonds, all bundled within one fund. While the two can invest your money in the same bundle, there are key differences. Last month, Ryan Bayonnet, CFP®, MSF was interviewed by Veronica Dagher, a senior wealth management reporter for The Wall Street Journal. In the interview, Ryan discussed with Veronica how to handle family money disagreements that arose from the COVID-19 Pandemic and subsequent economic downturn. You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings? Let’s explore. Last week, Ryan Bayonnet, CFP®, MSF was featured in MarketWatch's article How Economic Slumps Inflict Permanent ‘Scars’ on Spending and Saving. Read more here. In response to the unfolding COVID-19 global pandemic, the Coronavirus Aid, Relief, and Economic Security Act was unanimously passed by the Senate on March 25, 2020. The next day it was passed in the House via voice vote and signed into law by the President. |
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Financial Advisor in Green, Ohio
Financial Planner in Green, Ohio
Investment Advisor in Green, Ohio
Financial Planner in Green, Ohio
Investment Advisor in Green, Ohio