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David K. Hovis

Blog

The Importance of Estate Planning

To illustrate just how important having your legal affairs in order is, this Estate Planning blog details a recent experience after losing a loved one.
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Saving for College with 529 Plans

It’s never too early to starting planning for college. A tax-advantaged 529 college savings plan is a great way to invest for education costs. Learn more about 529 plans in our blog.
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RMD Rules

Many clients with IRAs or retirement account have heard about Required Minimum Distributions or RMDs but they may not understand all the rules. Check out our blog to learn about the rules to follow and the penalties to avoid.
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Establishing an Emergency Fund

Establishing and maintaining an emergency fund is one of those personal finance best practices that we learned in school but may have forgotten until faced with a crisis. Read our blog to learn how much you should have tucked away for emergencies.
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Pay Yourself First

Some of the best advice I ever received was to pay yourself first. Hopefully, this blog will inspire you to do the same.
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What should I do with my old 401(k)?

When clients change or lose jobs, they have questions about what they should do with their old 401(k)s or retirement plans. Here are some general guidelines on options that you may have.
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Social Security: Divorced spousal benefits

Divorced spouses may be entitled to Social Security benefits from their ex. To see if you could qualify, read our blog.
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The Family Money Discussion

Discussing money with your family is often taboo. Break that mindset and start having a family money discussion so they can learn and understand your thoughts, goals, and intentions with your hard-earned wealth.
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Turning 50? Take advantage of retirement plan catch-up contributions

There are some advantages to turning 50, such as being able to increase your retirement plan contributions each year. Read our blog to learn about catch-up contribution limits. It’s a great way to make a fresh start in the new year.
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20 Lessons from 2020

Before we close out 2020, we reflect on 20 lessons we learned during this crazy and challenging year.
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Refinance Opportunities

With interest rates at record lows, now may be the perfect time to refinance your mortgage. Read our blog to see if a refi might make sense for you.
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6 Simple Saving Strategies

2020 brought a new focus on the importance of having some money saved and available for unplanned emergencies. But, many people need help getting started. Here are 6 simple savings strategies.
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5 Social Security Best Practices

Social Security can be complicated and confusing. Here are 5 best practices that can help expand your knowledge and understanding on this topic.
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Long Term Care - Are you covered?

Would you drop your homeowner’s insurance if you knew there was a 70% chance you would have a claim? NO? Then you may want to consider Long Term Care Insurance.
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Financial Calculators

Check out the financial calculators on our website to answer your questions from loan payments to refinancing to life insurance needs.
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Investing 101: Dollar Cost Averaging

With volatile markets, investors can be nervous that they may buy high one day and then see their investment value drop the next. To mitigate that risk, many clients use a strategy known as dollar cost averaging to make their investments. Read more about this approach in our blog.
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Healthcare in Retirement

Planning for retirement should include more than just reviewing your financial situation. It should also factor in ensuring you have adequate health care coverage. Before you retire, make sure you know all your health insurance options.
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Your Meaningful Retirement

If your goal is a meaningful retirement, read our blog about discovering your purpose and identifying your passions.
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IRA Contribution FAQs

With a few weeks to go before Tax Day, we often get phone calls with questions about Roth IRAs and Traditional IRAs. Read more to learn the answers to many frequently asked questions by our clients.
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Estate Planning Basics

Estate Planning is not just for the wealthy. Everyone, regardless of age, health, or wealth, needs some form of estate planning. Read our blog to learn what documents you may need to get your estate in order.
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10 Financial Resolutions for 2020

Ring in 2020 by setting some Financial Resolutions. Here are 10 suggestions to help keep you on track with your finances.
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Making a List, Checking it Twice: 5 Year-End Reminders

As 2019 draws to a close, Santa isn’t the only person making a list and checking it twice. Clients should keep these 5 things in mind.
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10 Ways to Protect Yourself from Cyber Threats & Identity Theft

Check out these 10 Cyber Security Tips to protect your information and accounts from being compromised.
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Investing 101: Compound Interest and The Rule of 72

Investing in the stock market requires patience and commitment, something many investors struggle to exhibit. Consistently investing on a set schedule can yield big results. As we continue our Investing 101 blog series, click on the link below to learn more about the power of compound interest and the Rule of 72.
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Investing 101: Investing vs. Saving

Many people new to the world of investing are confused by the financial jargon. This first of a series of blogs is devoted to explaining financial terms and concepts. We’ll start with discussing the basics: investing vs. savings.
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An Education in Student Loan Debt

Student loan debt is growing as the cost of college continues to outpace inflation. College students should carefully weigh their options and understand the financial impact of taking out student loans. Here we dive into the reality of how these loans translate into payments as graduates enter the workforce.
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The Great Wealth Transfer

As more and more clients are inheriting assets from their loved ones, the need for financial planning is increasing. With inherited assets, there are different options available, depending upon the type of account, as well as special rules that must be followed. When faced with questions on how best to manage these inherited assets, Hovis & Associates can help provide the answers.
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Valuing Financial Planning

Have you ever wondered how much money you will need in retirement? Or maybe, how much life insurance you will need to protect your family should something happen to you? If finding the answers to questions like these keeps you up at night, it might be time to consider financial planning.
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Creating a College Savings Plan

As we near May 29th, what better time to talk about 529 plans! College costs continue to increase year over year. Curious what the expected costs will be for your children or grandchildren? Hovis & Associates can help calculate those costs and put a savings plan in place to help you meet your education goals.
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What's Your Biggest Financial Worry?

Despite their differences, clients have similar concerns when it comes to finances. Let us know what you think. Reply back with your biggest financial worry.
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IRA Contribution FAQs

With a few weeks to go before Tax Day, we often get phone calls with questions about Roth IRAs and Traditional IRAs. Read more to learn the answers to many frequently asked questions by our clients.
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Social Security Dilemma: When should I start claiming?

Are you nearing age 62 and have questions regarding Social Security? Do you want to make sure you get as much of your money back from Social Security as possible? You are not alone. Here are 3 things to consider before deciding when to start claiming.
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It's All About Balance

Start the new year off right with a little planning. It can go a long way to avoiding regrets and living your best life.
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De Soto Office Relocation

We are excited to share BIG changes happening at Hovis & Associates.
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Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck