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Welcome Blaine Mooney, CFP®

Get to know Blaine:

Name: Blaine Mooney
Current title: Vice President and Wealth Advisor, Girard, a Univest Wealth Division

What is your specialty or area of focus?
As a Wealth Advisor, I enjoy using my extensive experience in investment management coupled with my financial planning capabilities to help clients pursue their investment goals. I believe every client deserves independent financial guidance with the implicit trust that the advisor has their best interests at heart. I enjoy building relationships and take great pride and satisfaction in helping clients navigate their financial lives.

Tell us about your professional experience
I have more than 20 years of experience…

Mistakes to Avoid During 401(k) and IRA Rollovers

It is hard to tell just how much the pandemic has changed the future of the way we work, but the past year has definitely seen a large number of people leaving their jobs for a variety of reasons including higher wages, better benefits, flexible work schedules, or just people retiring from the workforce. The “Great Resignation” of 2021 has certainly caused some headaches for employers but has also brought about a great deal of opportunities for employees.

One important thing to keep in mind when changing jobs is your employee sponsored retirement plan.

If you have a retirement plan from…

Retirement Plan Contribution Limits Are Movin’ On Up

As we cruise through the final quarter of 2021 and look forward to the holidays, we find that the IRS has given investors an early gift with their recent announcement of higher retirement plan contribution limits beginning next year. For tax year 2022, annual employee contribution limits for 401(k) plans, 403(b) plans, most 457 plans and Thrift Savings plans will rise to $20,500 which is an increase of $1,000 from current contribution limits. “Catch-up” contributions, for those age 50 and up, will remain unchanged at $6,500, putting the maximum standard employee contribution at $27,000.

For smaller businesses that offer their…

Are Younger Investors Getting Sound Advice?

In the past few years, there has been a surge of online platforms and mobile apps that make investing in the stock market more accessible to average investors, and, in many cases, younger people. In fact, my 13-year-old son recently told me he wanted to start buying stocks. While beginning to invest at an early age can be great for the long-term, one of the potential downsides is knowing where to start and how to navigate the overwhelming amount of information available online. For novice investors, it can be challenging to sift through what is a reputable education source…

Considering Real Estate as Part of Your Estate Plan

One of the most significant assets that people own at death is real estate – whether that be a primary home, vacation home, rental property, or any combination. For the most part, a basic estate plan and a family that gets along should be enough to deal with these assets upon death, but that is not always the case. Very frequently, people die without considering the financial, legal and family implications of owning real estate upon death.

Financially, real estate is essentially treated like any other asset you own upon your death and is taxed accordingly. For real estate located…

Business Owners: Do You Know You’re a Fiduciary?

The Secure Act 2.0 proposals regarding retirement programs and savings plans for employees have brought the administration of employer-sponsored retirement plans to the forefront of many business owners’ minds. This new legislation will elevate the need for small business owners to understand the role and responsibilities they have as fiduciaries to their employees as a retirement plan sponsor.

What does it mean to be a fiduciary on employer-sponsored retirement plans?
Being a fiduciary means business owners must act in the best interest of their employees and make decisions that will put their employees in the best position possible for…

Do You Know Where All Your Money Is?

When you think about where your money is located, what is the first thing that comes to mind? A bank checking account? An online savings account? An investment account? A workplace 401(k)? The motorcycle collection slowly growing in your garage?

Many people don’t realize their money is so spread out. When asked where they keep their money, automatic answers tend to be a bank checking and savings account, plus a workplace retirement account. But as you dive deeper into the conversation, many people come to realize that they are tied to more financial institutions than they initially thought — it’s…

How Risk Tolerance Influences Your Financial Plan

This past year, market volatility prompted many investors to think about how much risk they’re willing to tolerate. An investor’s risk tolerance is how comfortable they are with potentially losing money in hopes of higher gains, depending on market performance. Whether or not last year has inspired a more aggressive or more conservative approach, investors should work with their advisor to align their risk tolerance with a comprehensive and personalized financial plan.

How is risk tolerance determined? The first step we utilize at Girard to establish risk tolerance is to have each client complete a questionnaire, so we can get a…

Benefits of Working with a Professional, Community-Based Trust Group

Part of any complete estate plan is the naming of a number of important positions. Whether that be a Guardian to raise your minor children, an Agent to act as your Power of Attorney when you cannot act for yourself, an Executor to administer your estate, or a Trustee who is charged with managing any trusts that you create as part of your overall plan; these are important decisions to make.

Some of these roles can be filled by a trusted individual (family member, friend, attorney, etc.), but the role of an Executor and Trustee may be best filled by…

Should You Get Out of Debt Before Entering Retirement?

Many people headed towards retirement are faced with endless “Should I?” questions: Should I move to a warmer climate or stay closer to family? Should I take Social Security now or delay it a few years? Should I pick up a part-time job or take up a few hobbies to stay active?

One of the most common and important questions we hear at Girard — and see debated throughout the industry — is, “Should I pay off debt before entering retirement?” While there are many schools of thought on this, we’re here to share our insight and provide best-practice tips…

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