In the News: New Grads, Crowdfunding, Social Security & More

Mosaic / Jun 5, 2018 / Mosaic News


Mosaic experts were featured in a range of publications in May, covering topics from crowdfunding to reverse mortgages. Among other gems gleaned from this news roundup, we learn that nearly half of Americans age 50 and over failed a 5-question true or false quiz on Social Security conducted by MassMutual, reports What other information are people missing?

Read on for bits of wisdom on retirement and other financial topics, including an overview of commonly-missed Social Security details, how to handle crowdfunding, why reverse mortgages might not be a good thing for the estate planning-minded retiree, and more:

NerdWallet / May 3, 2018

New grads, this strategy could mean retiring sooner

Even if the rewards are delayed, they are more powerful if new grads start saving for retirement earlier. Its tough to think long-term with your paycheck if you have immediate needs, but our own Steve Branton emphasizes how the investment horizon of a younger person automatically puts them on a winning path to retirement.

“Time is a huge factor,” says Steve Branton, a certified financial planner with Mosaic Financial Partners in San Francisco. “Assuming an 8% return, a 35-year-old would have to save twice as much as a 25-year-old and still wouldn’t catch up.”

Financial Advisor IQ / May 7, 2018

Like it or not, crowdfunding is becoming a real thing—and clients want it

Interested in crowdfunding? Measure it against your personal capacity for risk tolerance. Advisors note that crowdfunding, though a hot topic, can get investors into hot water if you dont analyze its potential risks as you would any speculative investment. Steve elaborates:

Given the newness of crowdfunding, advisor Steve Branton of San Francisco-based Mosaic Financial Partners takes a similar stance, even if he couches it in warier terms.

“We consider it a speculative investment, so it’s relevant to have a discussion as to whether or not this sort of investment is appropriate for each individual client,” Branton, whose employer manages $623 million, tells FA-IQ. “Usually this discussion involves their personal tolerance for risk, their capacity for loss of the investment and the effect of a potential loss on their other long-term goals.”


The Street / May 15, 2018

Social Security: What you don't know about your biggest retirement benefit

Many Americans are unsure of the details surrounding Social Security, including their full retirement age (FRA), potential benefits to spouses, delayed retirement credits, and more.

“It's a good idea for everyone to review their statements, especially if they are self-employed, so that they are sure that their income is being correctly tracked,” says Liz Revenko, a CERTIFIED FINANCIAL PLANNERTM with Mosaic Financial Partners. “Best to check annually, as there is a time limit to make corrections. Social Security is a highly valuable benefit in retirement; a little due diligence is worth the effort.”

USA Today / May 16, 2018

5 steps to ease fears over money, health in retirement

Steve is quoted throughout this article, delivering several smart ways to ease future money and health worries with a little retirement planning. Among others, this article was syndicated to MSN.

Heres a highlight:

For his part, Branton recommends using a program that allows for sustained money withdrawals, even in a recession. “Some reductions may be recommended during a prolonged recession, but in general this type of plan should be able to sustain and provide for ongoing withdrawals despite what is happening in the larger economy,” he says. 

One other tactic to consider to ease worries about withdrawing money during a bear market is to set aside 15 to 18 months of cash to cover expected portfolio withdrawals during the length of a typical recession, Branton says. 


Value Penguin/May 29, 2018

Should Your Retirement Plan Include a Reverse Mortgage?

For some retirees, it may make sense to carry a reverse mortgage after they exit the working world. But if you are concerned with leaving your estate to your loved ones, this may be ill-advised. 

There are good reasons to avoid a reverse mortgage, as well. For instance, you must live in the home if you have a reverse mortgage on it. If personal or health circumstances make that impossible, a reverse mortgage isn’t a viable solution, says Mary Ballin, a certified financial planner in Walnut Creek, California.

Another consideration is your family’s wishes. If it’s important to your spouse, children and grandchildren to keep the family home, a reverse mortgage may not be an appropriate financial decision. “Unless the heirs can pay (the reverse mortgage) back with other assets,” Ballin says, “they may not be able to keep the house.”

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Topics: Mosaic News