Fixed or Variable Mortgage, Which Should You Pick?
Buying a home is the single-largest financial commitment most people ever make. And sorting through mortgages involves a lot of critical choices. One of these is choosing between a fixed or variable interest rate mortgage. True to its name, fixed-rate mortgage interest is “fixed” throughout the life of the loan. In contrast, the interest rate […]
ViewSplit Annuity Strategy
When financial markets turn volatile, some investors show their frustration by fleeing the markets in search of alternatives that are designed to offer stability. For example, in the first quarter of 2020, the S&P 500 lost nearly 20% of its value, over $5 trillion, due to market volatility.1 For those looking for a way off […]
ViewTraditional vs. Roth IRA
Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 36.6 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 27.3 million households.1 Both are IRAs. And yet, each is quite different. Up to certain limits, traditional IRAs allow individuals […]
ViewThe Cost of Procrastination
Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops. “Are you aware the registration on your car has expired?” You’ve experienced one of the costs of procrastination. Procrastination can cause missed […]
ViewMaking a Charitable Contribution
Why sell shares when you can gift them? If you have appreciated stocks in your portfolio, you might want to consider donating those shares to charity rather than selling them. Donating appreciated securities to a tax-qualified charity may allow you to manage your taxes and benefit the charity. If you have held the stock for […]
View9 Facts About Retirement
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. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you. […]
ViewExploring the Federal Student Grant Program
You may have heard of the Free Application for Federal Student Aid, or FAFSA, if you or someone you know has plans to attend a college, career school, or university. Last year, over 50% of high school seniors submitted a FAFSA to the Department of Education to secure financial assistance. But what many prospective and […]
ViewPeter Pigeon Answers the Question: “No More Stretch IRA’s?”
After the passing of the Secure Act in 2019, there were many changes to the rules regarding the transfer of IRA’s. Find out what rules remain, and what new regulations were added. Mike Switzer interviews our C.O.O and Founder, Peter Pigeon, to discuss these previous and added guidelines to help you ensure you have all […]
ViewGaret Strange speaks with Mike Switzer about different Medicare Plans
As record numbers of Americans continue to move into the 65+ age group, there is more and more demand for Medicare policies and advice. For someone turning 65, the choices can be very confusing. Mike Switzer interviews Garet Strange, Certified Financial Planner®, with our team at Hobbs Group Advisors in Columbia, SC. Listen to the interview here.
ViewThomas Manly talks with Mike Switzer to discuss Retirement Planning
The IRA and 401k retirement accounts have been around forever, but with the Roth IRA being introduced about 24 years ago, how do you determine which retirement plan is best for you? Please take a moment to listen to our Senior Vice President, Thomas Manly, on the South Carolina Business Review. Thomas goes in depth […]
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