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USA Today - Why a losing stock market can be a win for investors

Gary Alt, co-founder and financial advisor at Monterey Private wealth in Pleasanton, CA, was quoted in a USA Today and article, "Why a losing stock market can be a win for investors" by Arielle O'Shea/NerdWallet, published on January 16, 2016.

Click here to read the article at USA Today, or read it below.

Why Financial Literacy Courses Often Flunk - NerdWallet

Why Financial Literacy Courses Often Flunk - NerdWallet

Gary Alt, co-founder and financial advisor at Monterey Private Wealth in Pleasanton, CA, was quoted in a NerdWallet article, "Why Financial Literacy Courses Often Flunk" by Emily Starbuck Crone, published on April 29, 2015.

Click here to read the article at NerdWallet, or read it below.

When Should You Begin Collecting Social Security?

When Should You Begin Collecting Social Security?

Gary Alt, co-founder and financial advisor at Monterey Private Wealth in Pleasanton, CA recently had an article published by Nasdaq.  You can read the article at Nasdaq.com by clicking here, or read it below.

 

Deciding when to start collecting Social Security benefits is one of the biggest financial decisions you’ll make in retirement. Why? The lifetime cost of making the wrong choice can be enormous, and could have a huge impact on your family’s retirement lifestyle. Considering that you’ve contributed a hefty amount over many years of your career, make sure you’re not shortchanging yourself or your family.

Consider a hypothetical example: Bob turns 62 this year and is wondering whether he should begin collecting benefits. If he waits until his full retirement age of 66, he’ll get $24,000 per year. Taking early benefits at age 62 cuts his payments by 25%, so Bob will get only $18,000 a year.

If he waits until age 70, his full retirement benefit amount increases 8% a year, rising to $32,652. By age 85, those payments will add up to about $608,600, compared with only about $547,600 if he started collecting at age 62, assuming 2% percent annual cost of living adjustments.

While there are a lot of factors that go into the decision on when to start taking benefits, a few of them are critical in making the right choice....

How to dispute (and win) rental car damage claims

How to dispute (and win) rental car damage claims

Gary Alt, co-founder and financial advisor at Monterey Private Wealth in Pleasanton, CA, recently had an article published by The Christian Science Monitor.  You can read the article below or at CSMonitor.com by clicking here.

While attending my nephew’s wedding in Minnesota last year, I rented a car from a national company at Minneapolis-St. Paul International Airport.  I won’t mention the company name, but it’s one of the top rental companies in the United States and they have counters in almost every airport—no fly-by-night company.  Given their brand reputation and my previous experiences with them, I expected an uneventful and positive customer experience.