Harbor Crest Wealth Advisors

Many investors see as a great source of income — however, just like everything else in the market, these can vary. Especially in the time of COVID-19, dividend payouts have decreased in many scenarios this year. To learn more about dividend performance during the ongoing pandemic, check out Dimensional Fund Advisors article here.

Dividends in the Time of COVID-19 Recent and historical data show that changes in dividend policy are common, especially during times of higher uncertainty.

When we all had to transition online and out of office, many of us thought would take a hit. However, this has not been the case — meetings via platforms like Zoom have been more productive than we could've imagined. Take a look at this Kiplinger article for some great tips on what you can do to prepare for your next virtual meeting.

Get the Most from a Zoom Meeting with Your Financial Adviser | Kiplinger Done right, virtual financial planning meetings can be just as productive (or even more so!) than in-person ones.

The increasing cost of college is an immense stress in many families' lives. Fortunately, there are several ways you can alleviate those needs. From paying off a student loan to gifting a , check out our recent blog post to learn which strategy is best for you.

How to Gift Money for College The immense cost of college can create an overhang on your loved one’s financial lives for decades. There are several wonderful ways to contribute to their education planning needs, from funding 529 plans to supplementing their student loan payments.

Besides the obvious, major events that have occurred over the past year, many of us have also been through monumental life changes, such as having a child or getting married. If this is you, it's time to check your tax withholding. According to CNBC, 45% of Americans don't know how much money is being withheld from their paychecks and if it is even correct. Keep reading to stay up to date with your taxes.

45% of Americans don't know how much tax is withheld from their pay Taxpayers are missing this one step that could help them avoid a tax surprise from the IRS in the spring.

With indoor activities severely limited this year due to social distancing guidelines, many of us have taken to the outdoors to enjoy recreational activities, such as . Throughout this boating "boom," we have also seen a rise in new boating technology. As we take a slight break from our financial focus, let's dive into all the new technology your boat may have to offer.

The Newest Boating Tech for 2021 Let’s take a break from our usual finance focus to talk about some new boat tech that can make your on-water experience more seamless and more enjoyable.

Now that most of us are about nine months into working from home, there is a good chance you have invested in some home office equipment. But who should pay for this equipment, and can you write it off? Learn more in this Reuters article, in which Mike Hennessy, founder and CEO of Harbor Crest Wealth Advisors, discusses the ins and outs of WFH deductions.

Everyone has a home office now. So who's paying for it? In the past, home offices were often an afterthought: Ill-equipped, cramped, and a little dusty from only occasional use.

In this week's blog post, we share 10 tips to make developing your more manageable and less intimidating.

How to Avoid Procrastinating in Developing Your Financial Goals Follow these ten tips to build the foundation today for a better financial life in the future.

From allowances to student loans, NextAdvisor shares tips on how to talk to your children about money, at any age.

How to Talk to Your Kid About Money, at Every Age Hint: You don't need to give them an allowance to teach them the value of a dollar.

Many parents avoid talking about money with their children because they don't want to create unnecessary worry, but this ends up making money a taboo topic. NextAdvisor shares tips on how to broach money topics with your kids.

How to Talk to Your Kid About Money, at Every Age Hint: You don't need to give them an allowance to teach them the value of a dollar.

How does the CARES Act affect this year? We answer this question and more in this week's blog post.

5 Strategies for Year-End Charitable Giving Let’s dive into five strategies that maximize the tax benefits to you while still supporting the causes you hold dear.

Entrepreneur shares five skills that all should utilize during this difficult time. Number 1 on the list is empathy, "the compass that should guide the way we conduct business."

The Top 5 Leadership Soft Skills You Need to Empower Your Team The leadership traits that will inspire your workforce to do their best work.

Succession planning for your can’t happen overnight. You will need to craft a coherent strategy to hit on multiple dimensions, from managing your personal and family goals to retaining and growing top talent to navigating tax and legal exit considerations. We cover the basics of in this week's blog post.

Small Business Succession Planning Guide Start the process of succession planning today to secure your retirement, create a sustainable firm for your employees, and preserve your professional legacy.

According to the recently released Franklin Templeton-Gallup Economics of Recovery Study, Americans are more likely to say they will spend less (37%) rather than more (16%) this holiday season than last year when asked to assume there will be no additional government stimulus payment.

Economic Stimulus Could Boost U.S. Holiday Spending The prospect of a new stimulus payment increases the likelihood that Americans will spend as much as or more this holiday season than they did last year. This effect is greatest among those who believe COVID-19 is getting worse.

This year has seen more than its fair share of stresses, financial or otherwise, and small business owners have been hit particularly hard. But there are ideas you can implement today to lessen your burden and get your business back on course.

Top Five Financial Stresses for Small Business Owners Here are five common stressors facing business owners today — and how to solve them.

In the 1970s, many viewed as being a short wind-down period, following a life of hard work. But studies were showing that many were feeling bored and irrelevant, for decades.

In this Q and A, Ken Dychtwald, coauthor of “What Retirees Want: A Holistic View of Life’s Third Age,” describes how retirement has changed and how retirees can navigate this new territory.

Rethinking Retirement The days and nights and years could be long — if you’re lucky. Here are some tips to make them meaningful, too.

Running your own business is an exquisitely rewarding and rapaciously demanding experience, pulling all of your attention to the here and now. But don’t slide saving for your down your to-do list.

How to Save for Retirement When You're Self-Employed Try implementing one of these six retirement accounts and start saving for that day in the future when you’re free from contracts, bookkeeping, and deadlines.

With women having to bear the brunt of responsibility — like virtual homeschooling — during the pandemic, many fear that the progress that women have made over the decades is being wiped out due to COVID-19. For instance, in a Bloomberg study, 36% of women said they're making less money now due to COVID-19 compared to 29% of men.

How the pandemic has put women further behind the financial curve - InvestmentNews Ingrained perceptions and stereotypes about women and investing are only exacerbated by the realities of COVID-19.

With 2020 almost in the books, utilize these 20 to better manage your taxable income and minimize your lifetime, versus annual, tax bill.

20 Year-End Tax Tips for 2020 With 2020 almost in the books, utilize these twenty tax strategies to better manage your taxable income and minimize your lifetime, versus annual, tax bill.

People often ask whether they should change their based on who wins the US presidency. But as Dimensional Fund Advisors says in this video, nearly a century of returns shows stocks have trended upward across Democratic and Republican administrations. Shareholders are investing in companies, not a political party.

Elections and the March of Markets It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history underscores that the outcome of an election is only one of many inputs to the market.

Develop a security plan. Use appropriate security programs. Implement proper password protocols. Educate employees regularly. Secure, encrypt, and back up data. In this week's blog post, we go over common attacks and ways to protect your business.

How to Protect Your Business from Hackers Cybersecurity attacks can cripple your firm, cost you tens of thousands of dollars, and damage your relationships with vendors and clients. Here's how you can protect your business.

Two-­thirds of American workers said they had witnessed or experienced age discrimination at work. As TED writes, employers should recognize that offering oppor­tunities to older workers is smart business, not a feel-good, charitable act.

Multigenerational teams with older members tend to be more produc­tive — older adults boost the productivity of those around them, and such teams outperform single-generational ones.

What is the ideal age to retire? Never, according to a neuroscientist Too much time spent with no purpose is associated with unhappiness. If you want to live a satisfying, long life, neuroscientist Daniel Levitin has some advice for you: Stay busy.

Why are value underperforming in 2020? We explore why in this week's blog post.

An Exceptional Value Premium It’s probably not news to most value investors that the value premium has struggled over the past decade. What might be news is just how extreme an outlier recent value stock underperformance represents.

Nothing beats boat show season, not even COVID-19. The Fort Lauderdale International Boat Show implemented a robust system to protect the health and safety of visitors. By adhering to 's guidelines, you can enjoy the rich in-person experience of the world’s best boat show.

Fort Lauderdale International Boat Show Guide The Fort Lauderdale International Boat Show implemented a robust system to protect the health and safety of visitors.

For financial advisors, often is a "matter of cleanup. "Clients may have made estate plans through attorneys or other specialists and then turned to their advisor, perhaps years after the plan was made," Think Advisor writes.

Mike Hennessy says one estate planning mistake he often sees is clients overlooking tax savings opportunities. “A common estate planning mistake we see clients make is not taking advantage of the (current) $15,000 annual exclusion amount for charitable gifts."

16 Big Estate Planning Mistakes Clients Make: Advisors’ Advice | ThinkAdvisor Advisors have rescued many a client, and countless heirs, from potentially costly estate plan missteps.

How can you maximize your during this pandemic? Mike Hennessy, founder and CEO of Harbor Crest Wealth Advisors, says to look into any potential matching programs you may have access to. “The one additional step would have a huge impact on the causes you hold dear,” Hennessy told CNBC Make It.

Nearly 3 out of 4 millennials have donated money during the pandemic Although the pandemic may have forced some millennials to move back in with their parents or upended their financial security, this generation is also the one that's giving back the most.

Financial scams can happen to anyone. Sadly, retirees are at higher risk of targeted attacks on their financial and personal information. By staying informed and involved, you can feel secure and protect your wealth.

How Retirees Can Protect Themselves from Financial Scams Financial scams can happen to anyone. Sadly, retirees are at higher risk of targeted attacks on their financial and personal information. By staying informed and involved, you can feel secure and protect your wealth.

It's important to have a smart tax strategy when selling your business. Kiplinger shares two principles that should follow.

Thinking of Selling Your Business? 2 Steps to Get the Best Price | Kiplinger Here's what could be the difference between a lucrative outcome and disappointment for business owners now.

Your estate plan should protect your assets and your heirs, ensure your final wishes are fulfilled, and minimize your tax bill. To accomplish these important goals, you need more than just a final will. Let’s break down what encompasses a complete .

Estate Planning Guide This estate planning guide will help you understand all the important components of a complete estate plan and answer common questions about the estate planning process.

There are two very different approaches to — conceptualists (those who burn brightly young and sometimes flame out early) and experimentalists (those who piece together their ideas through trial and error and whose best work usually doesn't get done until their 50s).

There Are 2 Types of Genius and One Doesn’t Reveal Itself Until Middle Age Science provides plenty of encouragement for late bloomers.

It’s important to note that while overall spending may not increase in , the composition of your spending will change over time. A common way to delineate expenditures is to break them up into three decades: the “go-go” years (from 65 to 75), the “slow-go” years (from 75 to 85) and the “no-go” years (85 to 95).

Securing Steady Income in Retirement You’ve been used to a steady paycheck during your working years. How can you replace that security in retirement?