Blog

Welcome to our Blog! At Baron Silver Stevens, we feel it is important to empower our clients with information that can positively affect their lives.

Throughout our Blog, you will find interesting articles, updates on our firm, and practical financial planning tips.

Tailor Your Retirement to Fit Your Needs & Live Out Your Dreams

Tailor Your Retirement to Fit Your Needs & Live Out Your Dreams
Most of us think about retierment a lot — at least four times a week. We think about when we'll retire and how we'll spend our time in retirement. As exciting as that can be, it can also be nerve-racking to think about trying to fill up all of that free time. And no matter what we dream of, the reality of retirement doesn't always match our expectations. In fact, nearly half of us miss the mark on when we expect to retire. Most folks who get it wrong end up retiring years earlier than they expected. And that's just one miscalculation. We also tend to underestimate our psychological needs and our options for enjoying our retirement. That can make it more difficult to adjust to retirement. It can also leave us feeling unhappy and dissatisfied with the retired life we worked so hard for. So, how can we make
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You Already Have the Keys (Here's How To Use Them) to a Better Life

You Already Have the Keys (Here's How To Use Them) to a Better Life
What would make your life better? A new house or car? A bigger paycheck or bank account? It’s easy to want more when you think of being happier and living better and there’s little doubt that money can buy some (more) happiness. But the happiness we get from money is fundamentally limited. It leaves us wanting more, and it’s not enough on its own to enjoy a truly satisfying life. The reality is a lot of the things that can make us happy and enrich our lives have nothing to do with money. The following are 7 little upgrades that can make life better in big ways: Go outside Say no to things that drain you Practice gratitude daily Prioritize self-care Don't let negativity take over Volunteer Nurture your relationships Living better doesn’t mean we have to make radical changes. And we don’t have to wait for some benchmark or
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What the Future Could Look Like in 2050

What the Future Could Look Like in 2050
Innovation promises to alter life in some amazing and drastic ways over the next few decades. Technology is clearly getting more and more integrated into our lives, and that could make some things easier and others more complicated. It may even force us to deal with new, complex issues and challenges we never saw coming. That may be one reason why about 2 in 3 people aren’t optimistic for the future. And why we can’t help but worry about the uncertainty of it all. Even though there’s a lot we don’t know, we do know that innovation can make life better. Things were never the same after some of the biggest inventions of the last few decades — like the internet and smartphones. And we really don’t even think twice about those things today (unless they aren’t working). We also know that technology and time can change our beliefs and
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Post-Pandemic Travel Planning

Post-Pandemic Travel Planning
For the first time in a long time, travel is becoming a real possibility. The pandemic hasn’t disappeared (and it’s not going away any time soon) but we’re turning a corner. More of us are getting vaccinated against COVID-19 every day, and more of us have a ready-to-travel mindset. After months of doing everything from home, we’re ready to get out — and really get away! And we’re not wasting time. About 2 in 3 folks say they have a trip planned within the next 3 months. Most are looking to get out of state or go abroad. That’s more than since the beginning of the pandemic. TSA airport screenings are up. As excited as we are to get out of our COViD-19 caves, we’re also anxious. We’re worried about getting sick or stuck in our destination. And we fear the unknown. These worries are valid. But we can manage
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How Are You Lying to Yourself About Money?

How Are You Lying to Yourself About Money?
Do you think you’re telling yourself the truth about money? We may think we know the facts about our finances. But our beliefs can often overshadow the facts. Our wishes, hopes, and fears can tip the scales away from the truth. This makes it easier for us to believe what we want to about money — and it can happen without us even realizing it. The money lies we tell ourselves can change the way we think and act when it comes to finances. And since most of us rarely talk about money with our friends and family, the money lies we tell ourselves stick around. That can lock us into destructive beliefs and reinforce poor financial habits. But no matter what money lies we tell ourselves, it’s never too late to set the record straight. Click here to take a look at the 7 most common money lies we
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How Far Could $1 Million Go In Retirement?

How Far Could $1 Million Go In Retirement?
A million dollars used to be the ultimate target for retirement portfolios. Retiring as a millionaire brought status and confidence that you could live comfortably during your golden years. If you retired with $1 million in 1970, you probably didn’t have to worry about your nest egg running out, even with a lavish lifestyle. It would be like retiring with $6.9 million today. Retire with $1 million in the ’80s, and it would have been like retiring with $3.35 million in 2021. And in 1990? A cool $1 million would have gone twice as far as it does these days. Clearly, $1 million doesn’t go as far as it used to. Just how far could it go these days? The answer depends on how and where you live. In retirement, as in real estate, location is everything (or, at least, it’s a lot). Click here to see a map that
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Forbes Identifies Michael Silver as a Best-In-State Wealth Advisor

Forbes Identifies Michael Silver as a Best-In-State Wealth Advisor
Forbes recently released their rankings for 2021’s Best-In-State Wealth Advisors, spotlighting more than 5,000 outstanding wealth advisors across the country. Baron Silver Stevens Financial Advisors, LLC’s Chief Executive Officer, Michael J. Silver, CFP®, AEP®, CLU, was named amongst those standout wealth advisors. Michael ranked 21st  in South Florida, marking a distinguished acknowledgement for his years of experience, proficiency, and focus on making a positive impact on his clients’ lives. Those nominated for the prestigious Best-In-State recognition were researched, interviewed, and then given a ranking within their particular states. Michael’s inclusion in 2021’s Best-In-State Wealth Advisors highlights his dedication to his clientele, his more than 20 years of experience in the field, and his commitment to making an impact in the comprehensive wealth management industry. The selection process was based on an algorithm of both quantitative and qualitative criteria including components such as in-person interviews, compliance records, industry experience, revenue produced,
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Powerful Ways To Set Authentic Goals In Uncertain Times

Powerful Ways To Set Authentic Goals In Uncertain Times
What is your biggest obstacle to achieving your goals in 2021? It’s not a lack of time or bad timing. It’s not age, ability, or finances. And it’s not even the coronavirus. Believe it or not, research says it’s you. In fact, most of us trip ourselves up when it comes to achieving our goals. That includes New Year’s resolutions. Even when we have the best intentions, we can get in the way of our own progress. And that’s far more likely to happen during times of uncertainty. That’s when we tend to stagnate. We avoid long-term plans and push pause on our big goals. And we become paralyzed by uncertainty. Sometimes, that means we simply give up on setting goals entirely.And, yet, New Year’s goals help us. They give us a sense of control and keep us grounded in unpredictable times. And they can help us cope with uncertainty
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7 Things We Can Learn from 2020

7 Things We Can Learn from 2020
No one could have foreseen the events of 2020. It was a tumultuous year. The pandemic overshadowed everything. Fires, hurricanes, protests, and the election dominated headlines. So did Tiger King, toilet paper shortages, major events held over Zoom, and everyday heroes. For me, one of the biggest standout memories of 2020 has been the creative ways people and businesses have adapted in the pandemic. What moments from the last year stand out for you? Whatever they are—and whatever your verdict on last year may be—we can all agree 2020 has been disruptive and unforgettable. It’ll be fascinating to see how history looks back at 2020 and what big lessons future generations take away from the past year. As the year closes, here are some of the best life lessons we can take away from 2020 right now. Bringing these lessons with us into 2021 can help make life better and
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Here's What You Need To Know About Market Corrections

Here's What You Need To Know About Market Corrections
Market corrections hurt. They can come out of nowhere. And when they do, they ignite fear, amplify worries, and set off alarm bells. It’s hard not to panic when that happens. And it’s tempting to react and want to pull back. Many people give in to that temptation. Informed investors don’t. Why? Because they know most market corrections are short. In fact, over the past 70 years, corrections have been getting shorter and shorter. These days, the average correction is over within four months. Those are just a couple of reasons why you shouldn’t panic over corrections. Below are more. If you know these facts about corrections, you can keep a level head and healthy perspective whenever the markets retreat. That can help you avoid overacting. It may even open your eyes to new opportunities. Below is an overview of some market correction facts, click here to view our monthly
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