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Oaktree Financial Advisors Blog

HSA Can Double as a Retirement Account

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If you're making maximum contributions to your 401(k) and IRAs and want some additional tax-favored savings, you might use an HSA to supplement your nest egg.  Even in retirement, you can tap the funds tax-free for medical needs. And starting at 65, you can withdraw penalty-free for any reason, though you'll owe income taxes.

Equity Awards: Hold 'em or Fold 'em?

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*Oaktree Financial Advisors is neither endorsed by nor affiliated with Eli Lilly 

Eli Lilly employees will soon be receiving your 2010 equity awards.  In determining whether you will continue to hold the stock or redeem it, you should consider how much of your overall investments are in Eli Lilly stock.  Between equity awards and 401(k) matching contributions, many Lilly employees accumulate a large percentage of their wealth in Lilly stock. Having a substantial position in company stock could have severe consequences should there be a significant decline in the stock price.

Don't Believe the Hype

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That was the title of a popular song in the 80's by rap group Public Enemy.  It's also good advice when tuning into the financial news media, whether it be the national evening news, the 24 hour news networks or print publications. 

The S&P 500 is up 72% as of October 5th from its March 9, 2009 low, but we haven't heard much yelling on the news about it.  We do remember hearing a lot about how terrible things were when the market was declining.  By the end of February 2009, just before the market bottomed, the S&P 500 was down 45% for the prior 12 months.