Outliving your savings is most retiree’s biggest fear. Running low on income in retirement could force you to make lifestyle changes or, in a worst-case scenario, even re-enter the workforce. Fortunately, with some planning and...
When to Claim Social Security
One of the most critical decisions you can make regarding your retirement is when you choose to claim Social Security. Deciding when to claim Social Security can significantly affect your monthly income. It can be...
How to Choose a Financial Advisor
Deciding to work with a financial advisor is an important decision. Working with a financial professional means optimizing opportunities and taking advantage of planning strategies you might not have been aware of. A financial advisor...
Recessions and Bad Moods: 6 Ways They are Similar
Are we headed for a recession? Lately, it seems we hear about it daily. There is concern that we are approaching a recession or even in the early stages. Can it be avoided? What does...
After Your Spouse Has Passed: Your Financial Guide
It can be truly devastating to lose a loved one, and during that time, it can be hard to talk about much of anything, let alone finances. That’s one reason why working with a trusted...
How to Protect Your Money When Traveling Abroad
Traveling abroad is a chance for excitement, adventure, and fun. But it can quickly turn into an expensive nightmare if you’re not properly prepared. Whether you’re traveling for work or vacation, it’s important to protect...
Protecting Your Parents: Identifying and Preventing Elder Financial Abuse in 2022
Nobody likes to think about their parents getting older and needing assistance, but it’s the reality we face. And, as they age, they rely on us for more of the day-to-day tasks they used to...
Tax Credits and Ebikes. Time to Get Out and Ride!
We’ve all heard about the Build Back Better bill, but what is it exactly? The Build Back Better bill is a $1.75 trillion plan designed to strengthen the social safety net and fund programs that...
Why I Became a Financial Advisor
At age 14, I made my first investment. Like most kids, I spent my early teen years trading baseball cards and playing video games, but I also started reading The Wall Street Journal. I had...
Preparing Your Adult Children to Inherit Wealth
This article ran in the March 2022 issue of the Traverse City Business News and can be read in its entirety below. Black Walnut Wealth Management contributes articles and is featured in various media outlets....