Skip to main content

David K. Hovis

Blog

The Best Age to Buy Long-Term Care Insurance

Waiting too long to purchase long-term care insurance can result in higher premiums or being turned down for a policy. Here we discuss the optimal age range to buy this protection.
View More

Smoothing the Road to Retirement

As you begin the process of retiring, you face many decisions. Learn all the ways Hovis & Associates can help smooth the road to retirement.
View More

Weighing the Pros and Cons of Variable Annuities

Considering adding a variable annuity to your portfolio? Here we discuss some of the pros and cons to help you weigh if they are a good fit for you.
View More

Time in the Market

Trying to time the market often results in below-average returns. Instead, time in the market is the key. Read more about the distinction between these two in our monthly blog.
View More

Financial Foundations: Suitability & Risk Tolerance

One size does not fit all when it comes to investments. Before buying the latest trendy stock, do your homework or talk to a financial professional to understand if it’s an appropriate addition to your portfolio. Our blog walks you through some things to consider before investing.
View More

The Aftermath of Losing a Spouse

Knowing what needs to be done following the death of a spouse can be daunting. This blog walks through some key things to consider first and how important it is to surround yourself with a trustworthy team to help you through the transition.
View More

Financial Foundations - Establishing a Good Credit Score

This blog is the fourth in a series about creating a good financial foundation. We’ll discuss strategies for establishing a good credit score.
View More

Creating Money Memories

As people reassess their priorities, consider creating “money memories” for you and your loved ones. Our blog illustrates how these may be more valued and cherished than any cash gift.
View More

Financial Foundations - FSA vs. HSA

Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) offer employees a way to pay for some medical expenses with pre-tax dollars. Learn more about their rules and differences in this blog, the third in a series about creating a good, financial foundation.
View More

Financial Foundations – Starting a Savings Strategy

This blog is the second in a series about setting up a good financial foundation. We’ll discuss some rules of thumb for how much income you should save.
View More

Out with the Old to Make Room for the New

Start your new year off right by organizing your files. Our blog offers general guidelines on how long to keep different documents.
View More

Holiday Gifting

The holidays are a perfect time to consider gifting money to your loved ones. We discuss the gift limits and strategy considerations in our blog.
View More

Grateful for our Clients

As we near Thanksgiving, we send a note of thanks to our wonderful clients.
View More

Financial Foundations - Retirement Plans

Recent graduates often feel overwhelmed and confused with many of the financial decisions they are now forced to make. To help ease that transition, we’ve created a blog series about starting out with a good, financial foundation. The first in this series delves into employer retirement plans.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

20 Lessons from 2020

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

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.
View More

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.
View More

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.
View More

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.
View More

Financial Calculators

Check out the financial calculators on our website to answer your questions from loan payments to refinancing to life insurance needs.
View More

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.
View More

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.
View More

Your Meaningful Retirement

If your goal is a meaningful retirement, read our blog about discovering your purpose and identifying your passions.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

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.
View More

De Soto Office Relocation

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