logo

Acumen Wealth Advisors

06 May 2018

These behavioral hacks can help you build your savings

This original article was written by Jean Chatzky for CNBC Set it and forget it Automate, automate, automate, said Kit Yarrow, consumer psychologist and author of “Decoding the New Consumer Mind.” If you get a raise or come into extra money, put it away by setting up an automatic transfer directly from every paycheck so you don’t even see the money. “Anything you can do with your money where you’re automatically saving and not spending, without having to make the choice […]

04 May 2018

7 Financial Slip-Ups That Can Crush Your Dreams of Retiring Comfortably

This original article was written by KATHLEEN COXWELL for The Penny Hoarder. Preparing for your retirement may not always feel like the most important thing on your mind. Far from it in fact.  But you probably don’t want to try living on Social Security alone in your golden years either. You won’t need to if you avoid these seven common mistakes and try out the fixes too. Mistake No. 1: Only Living in the Now We are living in the era […]

29 Apr 2018

5 Inherited IRA Mistakes That Will Destroy Your Inheritance

This original article was written by David Rae at Forbes.   Let’s be honest. Stress doesn’t help us make smart financial decisions. I think it’s fair to say when we are inheriting money it’s often a busy, hectic and stressful time in our lives. Here are a few mistakes you want to avoid if you inherit an IRA or other retirement accounts from a loved one. Don’t let these five mistakes destroy your loved one’s legacy. Some retirement account mistakes can be […]

27 Apr 2018

How not to run out of money in retirement

This orginal articel was written by Liz Weston fro Yahoo. Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently proposed a relatively straightforward strategy that can help. In its simplest form, the “Spend Safely in Retirement ” plan suggests waiting until age 70 to claim Social Security and using the IRS’ required minimum distribution table […]

22 Apr 2018

It’s Official: Millennials Are Going Into Debt Over Their Social Lives

This story originally appeared on LearnVest as “Are Your Friends Causing You to Go Into Debt?“   We all have those friends (or random social media acquaintances) who are always jet-setting on a fabulous vacation, eating at the hottest restaurants, wearing the latest fashions and are all-around living a #blessed life. How do they do it? Maybe they have a killer salary, maybe they’re great at scoring a deal — or maybe they’re going into debt. It turns out, nearly […]

20 Apr 2018

Acumen Wealth Advisors Speak to the Tennessee Society of Certified Public Accountants

Reese Veltenaar and Beth Tremaine of Acumen Wealth Advisors highlighted the importance of financial advisors and accountants working together to benefit clients to nearly 200 CPAs at the Tennessee Society of Certified Public Accountants (TSCPA) chapter luncheon on April 19th at the Convention Center.  Reese and Beth explained the value provided to clients when advisors and CPAs collaborate to implement tax efficiencies and deploy unified financial plans.  Topics of discussion included retirement planning regarding Roth IRA conversions/Roth 401(k) contributions, qualified […]

08 Apr 2018

Welcome Julie McLain to the Acumen Team

Acumen Wealth Advisors Hires Private Client Relationship Manager CHATTANOOGA, TN April 18, 2018 – Acumen Wealth Advisors, LLC®, an independent fee-based asset management and financial planning firm, is pleased to announce it has hired Julie McLain as a Private Client Relationship Manager. “With nearly 20 years of experience in client service, including 11 years helping multi-generational families with complex estate administration, Julie is a great addition to our team,” said Reese Veltenaar, Wealth Strategist and Managing Partner, of Acumen Wealth […]

08 Apr 2018

For Your Life: “How to Live Life without Major Regrets; 8 Lessons from Older Americans” by A. Pawlowski

No regrets, you swear to yourself as you move through life. But the daily grind and the end of another year may make you wonder: Am I making the most of my time on Earth? Your elders can provide some perspective. “If you get to the end of your life with no regrets at all, you probably haven’t lived that interesting a life,” Karl Pillemer, a gerontologist at Cornell University, told TODAY about his conversations with older Americans. “But they can’t […]

08 Apr 2018

Acumen Wealth Advisors Q1 2018 Market Insights Commentary

As the first quarter of 2018 came to a close, one theme tops the minds of investors: the return of volatility. Over the course of the past three months, the S&P 500 experienced six trading days of +/-2% moves, juxtaposed to 2017 when we saw no such moves. This volatility has resulted in a bumpy ride for equity investors. After starting the year off with a bang in January, U.S. Large Cap equities were down 0.8% through the end of […]

08 Apr 2018

New 2018 Tax Law Changes

Acumen Wealth Advisors believes educating our clients is a priority.  Our team works together with our clients’ CPAs to implement tax efficiencies and deploy unified financial plans.  We recently met with CPAs Kyle Butler and Matt Hisey of Mauldin & Jenkins and a few of our clients to walk through the new changes to the tax code – and we have made this information available to you as well.  Some of the many changes affect individual taxes, rates, and the […]