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.

5 Thought-Provoking Facts about Retirement

5 Thought-Provoking Facts about Retirement
About 7 in 10 workers expect to work for pay in retirement, but only a quarter of retirees have actually done so. Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. A wide variety of emotions are linked to retirement. Some feel elation and relief, while others feel dread and unease. From financial constraints and financial freedoms, each person’s path in retirement will be different depending upon their personal beliefs and their ability to seize opportunity. Regardless of what approach you intend to take, here are five things about retirement that might surprise you: In 2017, more than two-thirds of retirees depended on Social Security as a major source of their income The average monthly Social Security benefit at the beginning of
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Being a Savvy Female Investor

Being a Savvy Female Investor
As a woman, you’re expected to manage more than your share. When you’re growing up in your family, you’re more likely to have to help out with chores and household responsibilities than a brother might be…on top of school, a part-time job, and however else you spend your time. As an adult, society says you can have it all. But in reality, that’s only true if you plan to work 25 hours a day. If you’re single or married, have a family or don’t, work in the home or outside of it, being a woman means being constantly moving, working and learning. With that in mind, a woman’s retirement should be easy breezy, right? Not exactly. As it turns out, women and men are also different when it comes to financial planning and investments. Whether due to nature or nurture, women tend to take a more cautious approach in investing.
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Protecting Yourself Against Identity Theft

Protecting Yourself Against Identity Theft
We don’t always hear about it in the news, but identity theft is on the rise. Our constant internet usage has given us a large digital footprint. And the more you are online, the greater your risk of criminals hijacking your information and using it to commit fraud. It is nearly impossible to go completely off the grid once you are on it, but there are steps you can take to minimize your risk. And understanding where your personal data might be living is a great place to start. Here are six different ways that personal information shared online can end up in the wrong hands: Retail and social media websites Data collection websites that store your information (White Pages, PeopleFinder) Old website pages you appear on (such as forums or blogs) Personal information on websites (old addresses, contact information) Outdated search results where you may still appear (such as former employer
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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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