Michael Morrow | Financial Planner

Wealth Management Blog

Tag: financial

blog header for michael morrow financial planner's website, "business strategy: transferring risk"

Business Strategy: Transferring Risk

Whether you are an independent investor or are overseeing the investment portfolio of a company, risk will always be a factor that you will be faced with. According to its definition, risk involves the chance of an investment’s actual return will differ from its expected return. In other words, risk includes the possibility of losing […]

blog header for michael morrow financial planner's post, "22 troubling facts regarding investing"

22 Troubling Facts Regarding Investing

With US equity markets sitting at all-time highs, the masses are looking to join the investment fray. Needless to say, it would be prudent for potential investors to note that risk levels are also sitting at all-time highs. With that in mind, here are 22 troublesome investing facts that are hard to look past. They […]

Michael Morrow: Self-Directed IRAs vs. 401(k)s and Traditional IRAs

Self-Directed IRAs vs. 401(k)s and Traditional IRAs

When most people think about retirement savings they think of 401(k)s and IRAs. However, another option to consider are self-directed IRAs. While self-directed IRAs share a lot of similarities with 401(k)s and traditional IRAs, there are some important distinctions to consider. What sets self-directed IRAs apart from other options, though, are the variety of investment […]

Michael Morrow: How to Use Home Equity to Invest in Real Estate

How to Use Home Equity to Invest in Real Estate

If used properly you can take your home equity and transform it into an investment. Many people make the mistake of accessing their home equity for the wrong reasons. For example, using your home equity so that you can go on a lavish vacation or purchase an expensive car is just about the worst thing […]

Michael Morrow: Home Improvement

Home Improvement Ideas to Reduce Your Taxes

If you’ve recently remodeled your home then there’s a chance you can save on your taxes. In some cases, it’s possible to deduct renovation costs. You may even be able to receive a tax credit for some renovations. If you haven’t renovated your home but you’ve been considering it, take a look at the below […]

MIchael Morrow: 4 Benefits of a Reverse Mortgage

4 Benefits of a Reverse Mortgage

An increasing number of baby boomers are beginning to retire. Some estimates claim that up to 10,000 individuals retire each day in the United States. If you are close to retiring, you should consider the benefits of reverse mortgages. Keep reading to learn what reverse mortgages are and how they can help improve your retirement. […]

Michael Morrow Real Estate

Real Estate

Real estate is a popular investment for many people. However, it’s important to recognize that investing as an owner is different than investing as a lender. Furthermore, the investment changes depending on whether you are a majority or minority owner. The type of investment that you make depends on your financial goals and investment mindset. […]

Michael Morrow Qualified Plans

Qualified Plans

Qualified plans are any kind of employer-sponsored retirement plan or individual retirement plan. The most common employer-sponsored retirement plan is a 401(k). Both 401(k)s and IRAs are wrappers for different kinds of assets. Mutual funds tend to be the most common asset held in qualified plans. This post looks at five elements of qualified plans: […]

Michael Morrow: Mutual Funds

Mutual Funds

Mutual funds are a popular asset that many investors hold. Investopedia defines a mutual fund as “an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets” (Investopedia). This post will take a close look […]

Michael Morrow: Your Guide to 529 Plans

Your Guide to 529 Plans

A 529 plan is one of the most popular ways to save money for college. The savings plan, which was created in 1996, can be completely tax-free if used properly. The plan takes its name from Section 529 of the Internal Revenue Code. While 529 plans can’t be considered assets, they can be thought of […]

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