Category: Blog

17 posts categorized as "Blog"

How to Pursue a Regret-Free Retirement

July 9, 2020

By Richard W. Stout III Regret is not always a bad thing. While it’s not good to sit in the regret of past mistakes, when we learn from those mistakes, it can help us make better choices in the future. Unfortunately, that’s not true in every situation, namely retirement. There are no retirement do-overs, and…

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Common Financial Mistakes Pre-Retirees Make

June 23, 2020

By Thomas Britt  Retirement is just around the corner—HOORAY! Or maybe it’s still a few years down the road. Regardless, preparing for retirement is no easy task. There are a few common mistakes pre-retirees make, but that can be avoided through proper planning. Not Budgeting The word “budget” has some negative connotations as it seems…

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Don’t Let Uncertainty Dash Your Long-Term Goals or Dreams

June 11, 2020

At Benchmark Wealth Management, we believe in three core tenets in dealing with the uncertainty of the financial markets. The absolute truth is that nobody can tell the future. When crafting a financial plan, we all focus on goals, dreams, risks and fears, but most people do not put an emphasis on weathering the downturns….

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How to Protect Yourself From Cyberattacks

May 26, 2020

By Richard W. Stout III Does it seem like there are more and more news updates about hackers and breaches in security? As we become increasingly dependent on technology and use multiple devices on any given day, there are more opportunities for our personal information to be compromised. But no matter how daunting this may…

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Benchmark Wealth Management Makes a Difference in Lyme and Old Lyme [VIDEO]

May 14, 2020

By Richard W. Stout III and Thomas Britt  When stay-at-home orders were announced and businesses suddenly shut down or limited, we knew we had to do something to help the most vulnerable in Lyme and Old Lyme, Connecticut. So when The Lyme-Old Lyme Coronavirus Relief Fund was set up through the Lymes’ Youth Service Bureau…

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The Importance of a Financial Plan

April 17, 2020

By Thomas Britt When the unexpected happens, chaos can result. Remind you of any current events? We know it’s important to be prepared, but without a plan of action in place, doing what’s best for you and your family in the midst of a crisis is infinitely harder. I’m talking specifically about a financial plan,…

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Financial Planning Advice During These Hard Times (Radio Program)

March 27, 2020

Rick Stout is honored to have been featured as a guest on the local radio show, “Meet The Expert.” On this episode, Rick shares his insight from historical financial evidence and tells you how to strategize to help get through this current situation. Listen now. ABOUT RICK Richard W. Stout III is managing director of…

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Seidner Announces New Fund to Help Most Vulnerable Residents in Lyme, Old Lyme; All Donations up to $10K to be Matched by Benchmark Wealth Management

March 26, 2020

In response to the COVID-19 pandemic, a new charitable fund has been established to provide financial support to the most vulnerable residents of Lyme and Old Lyme.  The Lyme-Old Lyme Coronavirus Relief Fund will be managed by the Lymes’ Youth Service Bureau (LYSB), in partnership with the Social Services Departments of the two towns.  Early…

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What You Need to Know About Recessions and Bear Markets

March 13, 2020

As global markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market. But what does that mean? And are we on the verge of another recession like the one we had in 2008? In light of all these concerns, today we’ll share…

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Your 2020 Social Security Guide

March 11, 2020

By Richard W. Stout III The number of Americans retiring has nearly doubled in the past 20 years with 10,000 people a day reaching age 65. (1) Are you getting close to that milestone too? If retirement is on the horizon for you, then Social Security is probably on your mind. Over 48 million people…

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