Home Articles posted by Wayne Johnson - Financial Advisor
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 3 January, 2022 | 0
HENRY is a catchy acronym for "high earner, not rich yet." It describes a demographic made up of young and often highly educated professionals with substantial incomes but little or no savings. HENRYs generally have enviable career prospects, but many of them feel financially stretched or may even live paycheck to paycheck for years, especially
Your Social Security Statement: What's in It for You?
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 22 November, 2021 | 0
The Social Security Administration (SSA) provides personalized Social Security Statements to help Americans age 18 and older better understand the benefits that Social Security offers. Your Statement contains a detailed record of your earnings and estimates of retirement, disability, and survivor benefits — information that can help you plan for your financial future. You can
Rising Premiums
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 1 November, 2021 | 0
Approximately 157 million Americans are covered by employer-sponsored health insurance. From 2010 to 2020, premiums increased much faster than the rate of general inflation, although the increase has slowed somewhat in recent years. Employers absorbed the largest share of the premium increases, and the percentage paid by workers dropped over the period. However, workers are
Net Price Calculators Help Gauge College Affordability
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 1 October, 2021 | 0
Fall is the time when many high school seniors narrow their college lists and start applying to colleges. One question that is often front and center on the minds of families is "how much will it cost?" To help answer that question, you can use a net price calculator, which is available on every college
A Map for Your Family
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 3 September, 2021 | 1
A will is an essential legal document that describes how your estate should be distributed upon your death. It is the basis for the probate process and can serve as a guide for your heirs. A letter of instruction — which has no legal status — provides information that can help your loved ones settle
Signs of a Scam and How to Resist It
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 2 August, 2021 | 2
Although scammers often target older people, younger people who encounter scams are more likely to lose money to fraud, perhaps because they have less financial experience. When older people do fall for a scam, however, they tend to have higher losses.1 Regardless of your age or financial knowledge, you can be certain that criminals are
Can Creditors Take Your Retirement Savings? It Depends
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 1 July, 2021 | 0
Given the immense financial hardship inflicted by the COVID-19 pandemic, a rise in personal bankruptcies could be waiting in the wings. For those whose livelihoods have been hit the hardest, it might be important to review the creditor protections that apply to their retirement accounts. The extent to which assets are protected can vary significantly,
Three Reasons to Keep Your Personal and Business Finances Separate
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 1 June, 2021 | 0
If you are launching a new venture, you may wonder whether it's necessary to open a dedicated bank account for your business. Even if your company is established and already has separate checking and credit-card accounts, you may be tempted to pay business expenses from personal accounts on occasion — or vice versa — particularly
Your Business: Minimum-Wage Laws in the Spotlight
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 3 May, 2021 | 1
In the November 2020 election, Florida voters approved an initiative to increase the minimum wage incrementally to $15 per hour by 2026. Eight states (plus the District of Columbia) have passed legislation to raise the minimum wage in steps to $15, but Florida is the first state to do so through a ballot measure.1 State
Should You Convert Your Term Life to Permanent Life Insurance?
By Wayne Johnson - Financial Advisor | Featured Articles, News | 0 comment | 1 April, 2021 | 1
Term life insurance provides life insurance coverage for a specific time period (the term). The face amount of the policy is paid if you die during the term of the policy. When you live longer than the term of coverage, nothing is paid, as there is no cash surrender value. Permanent life insurance provides protection