“Aria has been a great addition to our team,” said Alana Asmussen, Principal and Lead Advisor. “We are excited to promote her to our continually expanding group of exceptional advisors. Her unwavering desire to serve clients makes her a wonderful fit for this role. I know clients will enjoy working with her.”
Kelly and Peggy will be joining Tracy Burgett in providing financial planning strategies including financial goals analysis, estate planning, education planning, tax efficiencies, college savings, social security, and executive compensation for clients.
According to USA Today, nearly two-thirds of Americans don’t even have a will, perhaps the simplest estate plan. Moreover, estate planning is more than just creating a will, it involves other important documents such as powers of attorney (POAs), advance healthcare directives, and trusts, in some cases.
Dale Yahnke sat down with Taylor Schulte (from Stay Wealthy San Diego) to discuss Dowling & Yahnke's pioneering fiduciary business model, its founding, how it has benefited clients, and exploring the firm’s growth and success over the past 26 years. You can listen to the full podcast, as well as read an excerpt, below.
You may have heard the phrase “lifestyle inflation,” or seen articles about families making well over six figure incomes and still living paycheck to paycheck. This phenomenon is also known as “lifestyle creep” and refers to the tendency to let spending rise as income rises.
The Social Security Administration (SSA) has announced that the cost-of-living adjustment (COLA) for 2017 will be 0.3%, the smallest increase since automatic increases began in 1975. The adjustment is calculated using the percentage increase in the Consumer Price Index (CPI) over the previous year.
The most popular start date for Social Security is 62, which is the earliest age possible. Among women, 48% start their Social Security checks at that age versus 42% of men.
While the vast majority of people are happy with their decision regarding the timing of their Social Security benefits, some people regret what they’ve done.
The good news is that for some Social Security recipients it is possible to undo this pivotal decision.
Two ways to optimize Social Security benefits, known as “file and suspend” and “restricted application,” were eliminated for most pre-retirees by the Bipartisan Budget Act of 2015.
Dale Yahnke was featured in The Los Angeles Times discussing aging baby boomer and millennials’ effect on the economy. “Dale Yahnke, at financial planning firm Dowling & Yahnke in San Diego, said the reality for millions of aging boomers is ‘you're just going to have to live with lower rates of return.’ Spending will have to be adjusted accordingly, he said.”
Financial Planning Magazine’s 2016 ranking of "Top 150 RIA Leaders" listed Dowling & Yahnke #33 – the only San Diego adviser listed in the top 100.