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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.

Are You Wasting Your Money?

Are You Wasting Your Money?
Personal finance is typically spoken about in relation to big financial decisions. From things like establishing long-term savings goals to purchasing a home, choices made surrounding money are frequently thought about on a large scale. More often than not, smaller financial decisions are overlooked or disregarded, many deeming them too small to make an impact. However, seemingly tiny money choices made daily tend to add up to make a significant impact in the long run, especially when analyzed over time. Deciphering between purchases made based on wants versus needs is an important step in reassessing how you look at small financial decisions. Discretionary spending is a broad, vague category by nature, so spending some extra time to think about how you allocate money there is critical. One way to find the money to meet your spending or saving needs is to examine your current spending habits and consider eliminating money
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Do Your Retirement Earnings Support Your Life?

Do Your Retirement Earnings Support Your Life?
When it comes to retirement, everyone has a different vision. But the path to retirement is generally the same: you work, you save, and hopefully at some point you’ve saved enough that you can stop working and do something else. How much work before retirement is enough? And how much savings is enough? How long will “retirement” last? Years ago, retirement meant you stopped working, started collecting a pension, and sailed away to Margarita Ville for the last 10 to 15 years of your life. But nowadays, retirement could last 30+ years and could include a second career, travel, making new friends, or really, whatever intrigues you. Nearly 70% of workers expect to work for pay in retirement, but only 26% of retirees actually have done so. So how do you plan for a stage in your life in which virtually anything can happen? With no crystal ball to peer
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Return of Volatility- What to do with your portfolio

Return of Volatility- What to do with your portfolio
Last year we saw the return of volatility to the stock market. This was a hard pill to swallow after a very smooth ride in 2017. In 2018, the stock market had two notable downturns. At one point, the SP500 was down 19.8%. But here we are, mid-way through February and the SP500 was back up to 2,753 (as of the close of business on 2/13/19). Remember, the SP500 hit its peak in September when it closed at 2,930. We’ve gone through a lot of ups and down to end up in roughly the same spot. So what do we do from here? We believe that with portfolio management, it is better to prepare than it is to repair. By “prepare” I do not mean market timing as we know this is next to impossible to do with any level of consistency. Rather, we believe it is important to design
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3 Steps to Prepare for Tax Season

3 Steps to Prepare for Tax Season
Coming fresh off of your New Year celebrations means that April 15th is approaching. And while no one likes to think about it, tax season is quickly approaching. Tax Day 2019 is on Monday, April 15th and that means that it is time to start preparing to file. Anyone who has prepared for tax time before knows the process seem like endless gathering and sorting of information. Unfortunately, there is no getting around that, but there are some steps to take now that can help you breeze through it more efficiently and with fewer headaches. Getting organized is an important aspect of potentially minimizing your tax burden. As with the majority of things in life, being prepared is your key to success. Today, we examine 3 simple and effective steps to properly preparing for tax season: Decide How to File You really have two choices here: file your taxes yourself
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The Financial Knowledge Dilemma

The Financial Knowledge Dilemma
Knowledge is power in every aspect of life. Imagine driving a car without a basic understanding of the rules of the road, or even how to operate it. That’s quite a scary thought. What’s even scarier? Many Americans are operating their personal finances with only the barest minimum of knowledge. One study found that, when asked five basic questions about finances and the markets, 61 percent of Americans were unable to answer more than 3 questions correctly.¹ That same study also found that 18 percent of Americans routinely spend more than their household income. Additionally, it found that one-in-five Americans have overdue medical bills. The reality is that knowledge puts people, retirees especially, in a powerful position. Unfortunately, however, far too many Americans lack the power to control their financial futures. But education lays the foundation for a journey towards a successful and sound financial future. One of the obstacles
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