Chris DeSimio

    

Graduation ceremonies are being held all across the country, with new graduates about to either continue their education or enter jobs and begin their working lives. But while they may have diplomas or degrees in-hand, many of them won'’t have the financial knowledge they will need to successfully navigate the world of credit, cash and debt.

Those who have paid into the Social Security system during their working years have several decisions to make about their retirement. An individual can begin collecting benefits as early as age 62 or as late as age 70, but when you start collecting benefits will affect the amount of money you get. And there are other things to take into consideration, including spousal benefits, that could dramatically change the total amount you receive in benefits.

According to the 2012 census report, a record 36% of all millennial-aged adults lived with their parents. Due to the economic downturn, slow job market, and high college loan debt, adult children are staying at home longer or returning to live with their parents. 

  As the stock markets continue their wild swings, some financial experts are calling the volatility we’'ve experienced during the last several months the “new norm” for 2015, which is not welcome news to the average investor. Joining us to look at the current markets and discuss smart ways to invest your money for the long haul are Crit Thomas, senior investment strategist with Touchstone Funds; and, local financial advisor Chris DeSimio.

Over the last week the stock market has been a rollercoaster ride, with the Dow Jones Average gaining or dropping hundreds of points from one session to the next. Joining us to look at the recent market volatility and discuss ways to invest your money for growth are Michael Schroer, managing partner and chief investment officer with Renaissance Investment Management; and local financial advisor Chris DeSimio.

Millennials, those aged 18 to 35, are terrible at saving money for retirement. That age group is the only one with a negative savings rate. 

The current national average cost of attending a four-year public college is more than $28,000 per year; for a four-year private college that yearly price tag is now over $59,000. And those costs will continue to rise. 

Along with losing weight and leading a healthier lifestyle, one of the top resolutions people make each year is to start managing their money better. And just like losing weight, many people find that resolution hard to keep. But there are methods and resources available to anyone who really wants to learn how to track their finances and manage their investments. Joining us to discuss the outlook for the markets in 2015, and provide suggestions and information that will help you get better control of your finances this year, are Bahl & Gaynor Investment Counsel Vice President and portfolio manager Jim Russell; Dale Coates, vice president and institutional portfolio manager  with Johnson Investment Counsel; and financial advisor Chris DeSimio.

As the song says, “"It’'s the most wonderful time of the year,"” but amid the hustle and bustle of the holidays, it's worthwhile to remember this is also a great time of year to take stock of your investments, and see what options you have before January 1 to reduce the taxes you'’ll owe come April 15. Here to explore year-end tax strategies that could allow you to keep more of your money are David Foster, senior vice president at Foster and Motley, and local financial advisor Chris DeSimio. If you have questions about what you can do to reduce your taxes, please let us know.

Seven hundred very courageous men will be honored this weekend. Their service may have kept Cincinnati from falling to the Confederates in the Civil War.