A Quick Intro to Socially Responsible Investing at SDWM

Kathleen LindquistTo my joy, my role at SDWM has recently expanded to heading up the firm’s Socially Responsible Investment program.

If you’re not familiar with Socially Responsible Investing, it stems from the idea that we can impact our world in a positive way with our money. Just as we choose neighborhoods, churches, schools, and media outlets which align with our beliefs, we may do the same with our investments as well. Continue reading

Posted in Socially Responsible Investing

7 Financial Moves to Make Before Your First Child

play house. child on balcony of yellow building in amusement parkRead on MoneyRates.com
by Maryalene LaPonsie with Cory Schmelzer

Having your first child is a welcomed milestone for many parents, but the price tag of parenthood could be overwhelming for some.

Recent figures from the U.S. Department of Agriculture says it will cost more than $245,000 to raise a child until adulthood. This figure includes a lot of items, such as housing, that you’d be paying whether or not you have kids.

However, frugal parents often find ways to bring down child-rearing costs by breastfeeding, cloth diapering and saying “no” to many of the things society insists children should have. Continue reading

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Say Goodbye to the Social Security ‘File­-and­-Suspend’ Strategy

socforsdwmA budget bill is putting the brakes on a lucrative strategy to maximize Social Security benefits.

Published on US News and World Report, December 4, 2015

by Maryalene LaPonsie with Ian Kutner

Couples who want to use the “file­and­suspend” strategy to maximize their Social Security benefits will have to rethink their plan.
Thanks to a recent budget bill, the door is closing on two rules that allowed spouses to coordinate benefits, so they could increase the overall amount of money they receive from Social Security. In addition, people older than age 66 who filed for benefits, and then suspended them in order to get a higher payout rate later, will no longer have the option to receive a retroactive lump sum payment if they change their mind and lift the suspension. Continue reading

Posted in Personal Finance, Retirement

What is Financial Life Planning, anyway?

Reprinted from The Kinder Institute of Life Planning Blog Site: Money and Meaning

Sunset by Kamil PorembińskiSomething big and important is lacking in the process of getting financial advice today.  That’s the basic challenge put forward by practitioners of a new approach to personal finance called Financial Life Planning.

Life Planning begins with a notion that will seem either blindingly obvious or trivial at first, namely that financial advisors should first discover their clients’ most essential goals and aspirations before developing financial recommendations.  That’s straightforward enough.  What’s so different about that?

The issue is that traditionally financial advisors have focused on the numbers—budgeting, investments, taxes, estate planning, or insurance–without exploring the broader context of a client’s life. Continue reading

Posted in Personal Finance, Retirement

Introducing Riskalyze


by Cory Schmelzer
San Diego Wealth Management is proud to introduce you to Riskalyze – our newest tool to identify your comfort level with risk in your portfolio, as well as to evaluate your existing portfolio to ensure that it matches your comfort level.

Riskalyze is a technology that pinpoints your acceptable levels of risk and reward with great accuracy. Riskalyze helps me ensure that your portfolio aligns with your investment goals and expectations. Continue reading

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3 Things to Do Before Your Financial Advisor Retires

retirementby Maryalene LaPonsie

with Cory Schmelzer

Read on US News and World Report

Will your financial advisor be hanging up his or her hat soon? Don’t panic here’s how to make a seamless transition.

If you ask Cory Schmelzer, owner of San Diego Wealth Management, what happens when a financial advisor retires, he can give you an answer that’s more than theoretical. The 18-year veteran advisor has taken on four practices from advisors who left the business and is the in the process of transitioning over a fifth. Continue reading

Posted in Personal Finance, Retirement

Market Correction 2015: Is this time different?

https://www.flickr.com/photos/intial-t/14023746670/By Cory Schmelzer

At San Diego Wealth Management, we love investing. From an early age, I saw the power of compound interest in my college fund and found it fascinating. I admit to obsessively watching the stock market when I was a young adult, enraptured with each tend.

However now, the focus of my business is creating Financial Life Plans for our clientele. We identify their major life goals, take into account economic variances, including market corrections, then create a long term plan for our clients to reach those goals. Continue reading

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Is Real Estate Really the Best Investment?

Real Estate Sold SignI saw this article on CNBC and thought it would be good to share with you.

Cory Schmelzer, Founder San Diego Wealth Management and Financial Life Planner Continue reading

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The History of Happiness


Hasn’t happiness always been the goal of every culture?

A modern Russian adage holds that “a person who smiles a lot is either a fool or an American.” It’s true that when McDonald’s arrived in Russia, in 1990, one of its first tasks was to train clerks to seem cheerful. I’ve spent time since with Russian friends, discussing cultural rules on showing happiness, agreeing that differences remain. Continue reading

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8 Ways to Save on a Tight Budget

8 waysBy Nancy Mann Jackson

With Aries Jimenez

Read on Bankrate.com

If you have little cash left over at the end of each month, it may feel like saving money is out of your reach. But it’s not true. Even if the budget is tight, most people can find a way to save money and it can be even more important to save when you have so little extra. Continue reading

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