At Schwab your voice can be your password

How does no more PINs and no more personal questions sound? Schwab has introduced a new voice ID service that allows you to access your Schwab accounts by saying, “At Schwab, my voice is my password.”  The new technology uses voice biometrics to identify different behavioral and physical characteristics unique to your voice.  It is…

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When do I need to open a Roth IRA?

The deadline for opening a Roth IRA account and making contributions is April 15th of the following tax year. For instance, the deadline to make contributions for the 2016 tax year is April 17, 2017; that’s because the 15th falls on a weekend!  So, open a Roth IRA on April 17, 2017 and make a deposit…

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New & Improved Paperless Enrollment on SchwabAlliance.com

Is your mailbox overflowing?  Do you want a more secure delivery system than having your paper statements sitting in the mailbox for anyone to steal?  How about saving a few bucks on equity trade transaction fees?  It’s all available via Schwab’s Paperless Statement and E-delivery services on SchwabAlliance.com. Schwab allows you to receive your documents…

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The Fall of a “Titan” – Even the Best Underperform

In 2014, hedge fund “titan” Bill Ackman managed to earn a 40% return, dramatically outperforming the S&P 500 by over 26%. His fund saw an influx of new investor money and its portfolios’ values ballooned to about $20 billion! As of Wednesday, February 24, 2016, that 40% gain has been nearly erased. Ackman’s fund lost 20.5%…

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It’s Tax time.

Chesapeake Financial Advisors & Charles Schwab offer automatic downloads of your tax forms. Schwab changed the 2016 mailing dates for the 1099 Composite and Year-End Summary tax report. This change was implemented due to an increase in the number of mutual funds and ETFs that reclassify their income in late January and early February. The…

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5 Keys to a Long Term Strategy in a Volatile Market

Five Keys to maintaining a Long Term Strategy: Maintain Perspective– quick impulse decisions can undermine long-term growth. Patience has rewarded stock holders throughout history. Know your Goals– Focus on your investing objectives and keep your systematic investment approach to reaching your long-term goals. Take emotions out of the market swings. Benefits of Asset Allocation– A…

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A Shift to Value?

Over the last several weeks we have seen a sharp drop in the stock market. Is this a simple correction or something more? Or could there be something else going on? It is hard to turn on the financial news for an hour or so and not hear several different opinions about the valuations of…

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What you should do after winning the Powerball jackpot?

We thought we would have some fun with this as Powerball fever sweeps the nation. Someone, somewhere in America or a group of people are about to have their live’s changed forever. We have all heard about the horror stories of those previous winners that are now bankrupt. It doesn’t have to be that way.…

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2015 year end tax and financial planning letter

PDF copy of the letter Click on the above link for a pdf copy of the letter. December 1, 2015 Dear Clients and Friends, Planning ahead is always a smart idea, and that’s especially true when it comes to your taxes. As 2015 draws to a close, there’s still time to make the most of…

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Tax loss harvesting energy investments

Your year end tax and investment plan should include tax loss harvesting your energy investments. If you hold energy sector investments in your taxable investment accounts chances are you have loses.  Now could be a good time to do a little tax loss harvesting.  If you are expecting to face capital gain taxes this year,…

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