1. 5 Lessons We Can Learn from Our Millennial Children

    The financial advisors at Black Harbor Wealth Management have devoted themselves to helping individuals plan for retirement, manage their wealth, and create a platform for a stable future. No matter what you think about the current political climate, there’s one thing we can all agree on: planning for retirement is essential. While it’s all too easy to focus on accumulating wealth and growing …Read More

  2. Make Saving for College Part of Your Strategy

    At Black Harbor Wealth Management, we help families across South Carolina grow their wealth so they can be better prepared to meet financial goals in the future. However, many individuals neglect to save for their children’s college education. If you’re interested in setting up a college fund for your child as part of your wealth management strategy, we can help. Today we’ll take a look at o…Read More

  3. What You Should Know About 401(k) Loans

    Surprises happen and sometimes, finding the money you need on such short notice can be a difficult challenge. At Black Harbor Wealth Management, we want to help ensure that this will never be the case. Our goal is to help you manage your wealth and grow your assets so surprise medical bills, home repairs, and other major expenses won’t be a problem. However, for individuals just starting their w…Read More

  4. Individual Retirement Accounts and Beneficiaries

    We’ve talked about the importance of beginning the estate planning process sooner rather than later, but there are a few things that are not covered by your will or your estate plan. Your Individual Retirement Account (IRA) is one of those aspects of your portfolio that requires additional designation and documentation in order to ensure that the funds are properly passed on to your heirs.  …Read More

  5. Wealth Management is an Ongoing Process

    Wealth management is a lifelong process. From the time you enter the job market to the time you retire, you’re working towards achieving your financial goals. While your goals may change throughout the course of your life, the need to gather enough assets to comfortably retire will not. If you’ve invested wisely, saved for retirement through a 401(k), and planned your estate and will, you’re…Read More

  6. How Can Alternative Investments Help Your Portfolio?

    When looking to grow your wealth in preparation for retirement, it’s incredibly important to diversify your portfolio. We can’t stress this enough. Relying on one investment type can spell disaster for your wealth and ruin any financial goals you may have. Markets are volatile and prone to change daily. This is why Black Harbor Wealth Management offers alternative investment management. Today,…Read More

  7. Is a Fixed Annuity Right for You?

    Fixed annuities are a great way for retirement-age individuals to guarantee a stable income supplement once they retire. These annuities give the owner a set amount of money each distribution period until the term of the annuity ends. Fixed annuities are just one of the options your wealth manager at Black Harbor Wealth Management will discuss with you when planning for your retirement. Today, we…Read More

  8. Why You Should Avoid DIY Investments

    Letting an experienced wealth manager handle investments used to be common sense. However, with the development of the internet and the popularity of DIY investment sites, more and more people are opting to take their wealth into their own hands. While we understand the temptation and the thrill of managing your own investments, there are a few dangers you should be aware of before taking the plun…Read More

  9. Estate Planning Terminology

    Estate planning is important to ensure that your wishes are carried out after your pass away. While similar to a will, an estate plan outlines the provisions for the distribution or maintenance of your assets, as well as designates power of attorney and establishes any trusts for your family. A will is simply a part of the estate plan, not the estate plan itself. In your estate planning, you’ll …Read More

  10. Four Types of Investment Risk

    All investment comes with some degree of risk. Ever-changing market conditions, new technological developments, and improvements in industries all shape the value and demand of investments. It is important to understand that accepting a small degree of risk is necessary to allow your wealth to grow while it is invested. There are several types of risk you should be aware of.   Market Risk Mar…Read More