I’m from the Government and I’m Here to Help

Be wary of identity theft (all year long)

Key Takeaways

  • Always be wary of unsolicited emails or phone calls that ask you to divulge your Social Security number or other personal information.
  • Identity thieves have become increasingly sophisticated and can fool many people into thinking they’re really from a legitimate government agency.
  • Contact Coyle Financial or the IRS hotline (800-908-4490) ASAP if you think an identity thief is preying on you or your loved ones.

Transitioning to Financial Freedom

Key Takeaways

  • The Founding Fathers were entrepreneurs. They set up our country so that everyone could have the freedom to pursue life, liberty, happiness—and the engine of capitalism.
  • When you’re financially secure, you have the freedom of time, money, relationships and a purposeful life. It’s a great place to be, but also a big transition.
  • It’s important to have friends, family and community relationships in place when you transition from working to financial independence.

The Great Millennial Recession

Key Takeaways

  • Young adults born between 1980 and 1996 are the most financially cautious generation since those who came of age during the Great Depression.
  • Millennials came of age during the tech bust and global financial crisis. They don’t trust the stock market or banking system and are fearful of losing jobs, homes and savings.
  • Millennials are smart enough not to count on pensions or Social Security, but they tend to keep too much of their assets in cash and are not saving enough for retirement.

Financial Literacy – Financial Independence

The retirement years

Key Takeaways

  • In your retirement years, you have the financial independence to do anything you want, but health concerns may rise to the forefront.
  • For many people, one’s health is the only thing more private and more difficult to discuss than money.
  • Losing the ability to handle your own affairs is tough to face. But you need to have a plan in place with a strong support group around you.