Dr. Nicholas E. Michels, CFP® Financial planning isn’t just about the numbers, it’s about your life. And life is about creating experiences and making lasting memories. But how do you create a financial plan that allows you to pursue and enjoy the life you desire? We at Michels Family Financial understand this challenge and know
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By Dr. Nicholas E. Michels Why Rebalance? Manage Risk The process behind rebalancing helps manage risk in two ways. (1) It maintains your original investment objective, and (2) it maintains your risk profile. According to a historical analysis of accounts during market turmoil conducted by Morningstar, portfolios that WEREN’T rebalanced in the middle of a tumultuous
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Dr. Nicholas E. Michels, CFP® The years leading up to retirement can be fraught with indecision and uncertainty. When should you start collecting Social Security? If you start collecting earlier versus later, what are the drawbacks? Can you collect Social Security and keep working? If these or other questions have been swirling around in your
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Dr. Nicholas E. Michels, CFP® It’s not often in life that you get the opportunity to make your dream a reality. We have had the privilege of experiencing many blessings in this life already, but starting our own financial advising firm has been a long-held dream that is finally coming to fruition. After working for
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By Dr. Nicholas E. Michels Most of us can point to specific people or events that influenced our decisions and made a significant impact on how we live our lives. For me, it was seeing my mom’s financial struggle that led me to where I am today. After my parents’ divorce, my mom became the
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