Resource Center > ALL ARTICLES


Creating win-wins in life can make your day!

Posted by: Irvin G. Schorsch III

Last week, I flew out to the West Coast for a research trip. My first stop was in Los Angeles, and then I traveled on down to my business conference...


January 2017 PCM Newsletter

Posted by: Irvin G. Schorsch III

Surprise! Who would have thought that the election of our new President would have such a dramatic impact on the markets, 60 days before the inauguration? Media and investors alike were not prepared for a Trump presidential victory, Britain's departure from the European Union (Brexit) or the financial markets' reaction to such events. From the vantage point of Wall Street strategists, there is hope, and plenty of it...


Irvin's Ireland Lottery Interview

Posted by: Irvin G. Schorsch III

I received a call from Emma Cawley, a radio producer from Newstalk Radio Ireland, based out of Dublin. Emma had previously seen my article on Sudden Wealth Syndrome...


Teaching Children the Value of Entrepreneurship, Part 2

Posted by: Irvin G. Schorsch III

As we discussed in my last post, kids can learn many valuable life lessons from their entrepreneurial activities. One PCM colleague -- a national broadcast entrepreneur...


Teaching Children the Value of Entrepreneurship, Part 1

Posted by: Irvin G. Schorsch III

Skeptics might say we’re pushing kids into adulthood way too early, but it’s hard to argue with the life skills they can acquire through early entrepreneurship...


Eight Keys to a Happy, Prosperous Retirement

Posted by: Irvin G. Schorsch III

This is the time of year when I like to do a little reflecting about what went well in 2015, what didn’t go so well and what I’m thankful for. Let’s start with...


It’s Never Too Early to Prepare End of Life Documents: 4 Must-Have Estate Planning Documents That Need to Be Updated Regularly

Posted by: Irvin G. Schorsch III

Now is the time of year when we get together for traditional family gatherings. On a less joyous, but equally important note, it’s also an ideal time to have important conversations with parents, siblings and other close relatives about their estate plans. Sure, you have to pick your moments carefully, and not everyone’s going to be in agreement. But, this recent Kiplingers Personal Finance article had some great tips (albeit pretty basic) about getting end-of-life documents in order. If nothing else, you want to make sure you have four key documents accurate and up to date:


Will Skyrocketing Healthcare Costs Derail My Retirement?

Posted by: Irvin G. Schorsch III

Sure, the cost of staying healthy is rising much faster than inflation. But, staying calm and working the numbers realistically can go a long way to keeping you on your feet...


Yesterday’s Retirement is Old News

Posted by: Irvin G. Schorsch III

Many of those from generations past fought fervently to live out their lives within the comforts of their own home. In fact, the stigma that went along with moving into a long-term care facility or retirement home was so well permeated into the minds of our predecessors that we ourselves may have considered that our retirement savings were indeed to simply fund a life lived at home on our front porch until the end of our days. Jokes about sending someone to the “H.O.M.E.” have finally started to fade away as all-inclusive resort-style retirement homes pop up around the country, leaving many to count down the days until their retirement ‘vacation’ arrives!


4 Ways to Use Credit to Benefit Your Retirement Fund

Posted by: Irvin G. Schorsch III

While the economy has struggled to fully recover from the economic crisis in 2008, individuals can use the recovery period and low rates to benefit their future retirement. Rates have been at their lowest and you do not need to be the borrowing party in order to benefit.


Don’t Be Fooled by the Credit Card Industry

Posted by: Irvin G. Schorsch III

The credit industry has recovered from the economic recession and the offers will soon be flooding your mailbox. These offers are often disguised to look like personal, handwritten letters so that you are not quick to toss them in the shred pile. In 2010, it was estimated that 2.25 billion credit card offers would be mailed to individuals, according to a national credit card research firm called Synovate. This number of mailed offers almost quadrupled 2009, according to direct market research firm Mintel Comperemedia - that is nearly 4-5 offers for every person in the US.


Common Financial Problems Can Lead to Declining Health

Posted by: Irvin G. Schorsch III

Have you worried yourself sick stressing over money? Stress can be a leading factor in declining health problems and one of the biggest stress contributors is financial problems. Worries over money is not isolated to lower-income households either, as financial arguments occur in a variety of homes and is the leading cause of relationship problems. Headaches, stomach aches, and sleep problems due to financial stress can lead to more serious health issues when the problem becomes prolonged.


Marriage: A Financial Partnership

Posted by: Irvin G. Schorsch III

Marriage is more than a romantic relationship – it is a financial partnership between the couple. For better or worse, married couples must work together on their financial goals...


Surviving the Age of Boomerang Children

Posted by: Irvin G. Schorsch III

With the economic troubles and the skyrocketing cost of college loans, many parents are finding themselves stuck in the predicament of adult children returning to live at home. This trend has become what’s known as “boomerang children” – ones who leave home to attend college or live on their own, but later are forced to return to the comforts of their parents’ home. Having increased so much in recent years, there was even a popular movie starring Matthew McConaughey who returned to home at the age of 35. It is reported that over a third of adult children under the age of 34 are living with their parents.


Repaying College Debt and Growing Wealth

Posted by: Irvin G. Schorsch III

With the outlook for college graduates improving each year, graduates are able to land a first-time job and pay off college debt much faster than those in recent years. The National Association of College and Employers projects that 9.6 percent more graduates will be hired from the class of 2015 than were hired from the class of 2014. This hiring increase continues to rise year after year, since late 2002 when the group began to survey employers and graduates.


Delaying Your Retirement Benefits More Than Just Finances

Posted by: Irvin G. Schorsch III

When life expectancy was much shorter, it was not uncommon for people to retire at the age of 40. With the increasing life expectancy, as well as increasing cost of living, 60 has become the new standard for individuals to consider retirement, though there is new compelling proof that delaying retirement can have a positive outcome on your life. The benefits of delaying retirement not only contribute to financial success, but also to your general well-being. My response to clients who ask about retiring early is met with surprise - “don’t do it! Never retire early… or at all.”


Keeping Financial Treasures Close to Your Heart

Posted by: Irvin G. Schorsch III

You have worked your entire life to build financial stability and it should be just as important to plan the future of your finances when they become inheritance. Most people concern themselves with simply the financial planning aspect of inheritance (in the form of wills and trusts), but it is very important to instill values and a healthy financial ethic so future generations will respect your treasures just as much as you had. Inheritance should be appreciated and grown, rather than mindlessly spent and abused as a way to slack off in life.


A Few Questions for Mom and Dad

Posted by: Irvin G. Schorsch III

Unfortunately there comes a time in our lives when we have to discuss our parents mortality. This is no easy task but should be done sooner rather than later. The best approach to the conversation is to assure them that you want to protect their assets and make sure that each specific wish they have is honored.


Retirement VS. Inflation - Ding! Round one!

Posted by: Irvin G. Schorsch III

We have all seen what can happen during a very anticipated boxing match, but there are questions to ask yourself and ways to avoid a financial “knockout”. You need to train hard by creating a full-proof withdrawal plan before you start throwing punches.


Think Smarter Not Harder

Posted by: Irvin G. Schorsch III

Being a fiduciary is a liability, plain and simple. The Employee Retirement Income Security Act covers over 800,000 private pension plan and on average less than one percent have been audited annually by the United States Department of Labor. Around 50,000 of these plans contain nearly $2 trillion while the remaining 750,000 plans which cover 100 employees or less control over $1 trillion. These funds, for example, own over 20% of the stock of publicly traded companies.