Hollifield Financial Group

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4 Things to do immediately when you retire:

4 Things to do immediately when you retire:Reduce your risk: The biggest thing that you should do when you retire is reduce your risk in your investments. You have just given up your income because you believe you have enough to last for the rest of your days. What do you think happened to the people who made that decision and retired right before the stock market crash of 2008, or 2001, or 1987 or….you get the point. Many of them had to turn around and go back to work at less desirable j
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Rule of 100

Rule of 100About 20 minutes into my seminar I ask the audience if they agree that investors should make safer money decisions as they get older. Without fail every hand goes up. It makes sense right? We don’t party the same as we get older, we don’t eat or exercise the same, we don’t (hopefully) dress the same. However, what I see every day is that folks open accounts with an investment strategy and stick to that same strategy for decades. Everything in their live changes, and
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Enough With The Paper Already.

Paperless ProcessIf you’re like most financial advisors, insurance agents, or just salespeople in general you know that paper seems to multiply constantly. If you aren’t careful you could spend all day looking at stacks of paper and not actually get any work done. I remember a guy I used to work with that could sit at his desk all ay moving paper from one side of his desk to another. He never made many sales so to this day I have no clue where the paper came from but he was working h
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4 Money Moves to make before your are 30

4 Money Moves to make before your are 30Open a roth IRAA Roth IRA is one of the greatest gifts an investor can ever give themselves. With a traditional IRA you invest money and receive a tax deduction for the amount you invested. Sounds good right? The problem is that when you reach retirement and actually want to use that money you get taxed on it. More than likely that money has grown substantially and your taxed much more. A roth IRA works in reverse. You pay taxes on the amount you invested
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3 Unwritten Money Thoughts

Unwritten money thoughtsIt takes money to make money: One of the most dangerous money lies is “It takes money to make money.” This is a belief in many poor families that because they don’t have money they can’t make money. Many of the greatest companies in the world started on a shoestring budget. Sure it’s easier to make loads of money and gain financial independence if you can start from an advantageous place but it’s not a necessity.Credit is bad: I vividly
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Is An Annuity Right For You?

Is an annuity right for you?1) Do you have enough liquid money to cover emergencies? Annuities are long term investments. If you are in a financial situation that you feel you may have to draw from your annuity early to cover unexpected expenses an annuity may not be right for you. A good general rule is that you should feel comfortable only withdrawing 10% of your account every year. Let me be clear. That doesn’t mean you plan to withdraw 10% every year, that means you are comfortable usi
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Are You Losing Without Realizing It?

Are you losing purchasing power?Which was more expensive: The house you grew up in or the last car you bought? If you’re older than 45 probably the car. Things are getting expensive. Food, Gas, Clothes, everything gets more expensive. It’s called inflation. Over my lifetime inflation has averaged roughly 3%. This means that a $10,000 purchase will cost double in about 23 years. Many retirees don’t trust or understand the market and so they keep their money in the bank. I met wi
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How Financial Advisors Can Brand Themselves

How financial advisors can brand:How can an independent financial advisor keep up with the large firms in terms of branding? You have to start by branding yourself personally and building off of that. Stop worrying about the font on your logo or how much swag your buying. Start worrying about putting out content that provides value to your clients. Stop reaching out to your clients only when you want a sale and start building real relationships with your clients. Host intimate client events that
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Battle Of The Millennial Investing Apps

Robinhood VS. Stash2 of the most popular and helpful apps for investing are Stash and Robinhood. They have become very popular with beginner investors because they are non threatening and make investing seem simple. I am going to break down the Pro’s and cons and each and let you know which app is my favorite.Robinhood:Pros:Robinhood is a great, simple investing platform. Robinhood is the perfect solution for younger investors who are comfortable using their smartphone for almost everythin
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