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The Reich Report
Read Eric Reich's weekly column The Reich Report featured in Shore Local Newsmagazine. Each week Eric covers a variety of financial topics such as retirement planning, estate planning, business planning, investing, trusts, and more. You can read the past week's article below and the most current article and past articles by clicking the button below.
The Reich Report-Retirement Journey Part 2- Early-Stage Retirement
Last week, we touched on things to consider in the years leading up to retirement. In my opinion, that stage is the most important stage because it sets up what your retirement may look like. This week, I want to cover the next phase,...
Read MoreThe Reich Report-Retirement Journey Part 1-Pre-Retirement
Retirement is often viewed through the lens of working years and non-working years. Lumping retirement into a single 20+ year period is an oversimplification of a very significant time period in your life. While the phases of your...
Read MoreThe Reich Report-Family Meetings to Discuss Your Plan
A while back, I wrote an article on how to discuss money with your children at different stages of their lives. As we get older and our children become adults, one of the best ways to have this discussion is to hold a moderated family...
Read MoreInvesting Before, During and After Retirement
Many of our clients come to us “around” retirement, which could mean the few years leading up to retirement, at retirement, or a few years after retirement. All three of these time segments may require a change in investment strategy....
Read MoreThe Reich Report-How to File for Social Security
While there is an awful lot of debate on when you should file for Social Security benefits, the way in which you file is more straightforward but not without its own confusing issues. Let’s take a look at what those issues are and what...
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The Reich Report-When to Claim Social Security
Since April is National Social Security Month, I thought it would be helpful to cover when to claim your benefits and how to claim, which I’ll cover in next week’s article. There tends to be an awful lot of advice flying around...
Read MoreThe Reich Report-Start Early When It Comes to Financial Literacy
Did you know that April is National Financial Literacy Month? Financial literacy is key to achieving financial freedom. The earlier you start managing your money wisely, the better. By building strong financial habits, staying...
Read MoreThe Reich Report-Spring Cleaning Your Investments
Last Friday marked the first day of spring! Like most people, you probably have plans to spring clean your house, wardrobe, car, etc., so why not add your investments to that list? Here are some helpful tips to help you with this task...
Read MoreThe Reich Report-Hey Doc, Why are You Still Working?
Have you ever wondered why some people keep working long beyond when they could seemingly retire? As an expert in retirement, and more specifically, the psychology of retirement, this question comes up with many retirees at some point....
Read MoreThe Reich Report-Retirement Planning for Women
Men are from Mars and women are from Venus. So says the famous book. Well, when it comes to retirement, men and women are often very different in their needs. For starters, research shows that women are better investors than men. Why?...
Read MoreThe Reich Report-U.S. Military Action Against Iran: Economic and Market Implications
The events of the past few weeks regarding U.S. military strikes on Iranian targets have understandably created volatility in global markets and renewed concerns about geopolitical risk. Historically, markets tend not to react...
Read MoreThe Reich Report-Expect the Unexpected
When it comes to weather, we typically plan for a mild spring, beach days in the summer, a cool fall, and cold winter months. But in light of this week’s blizzard and the deep freeze before that, we know that the weather can be very...
Read MoreThe Reich Report-Timing the Markets- A Sucker Bet
In the world of casinos, there are quite a few bets that would be considered a “sucker bet” -a bet that seems like a good idea with enticing odds that almost never works out. In the world of investing, one of the all-time sucker bets...
Read MoreThe Reich Report-Executor Checklist
After a loved one passes, in addition to the heartache, comes a long and often overwhelming list of things to be done. This week, I wanted to provide a checklist that can hopefully make life easier for those dealing with an already...
Read MoreThe Reich Report-Company Plan vs. Roll to an IRA?
In my experience, retirees are often confused regarding whether or not to leave money in their former employers plan or roll it to an IRA. The answer of course is never a simple one because there are several factors to consider based...
Read MoreThe Reich Report-2026 Economic Outlook
Every Monday, we produce a market week video, where we provide commentary on the previous week and share our thoughts on the week ahead. It has become one of the more popular things we do at our firm. I believe the reason is that...
Read MoreThe Reich Report-What You Need to Know About Trump Accounts
Since the passage of the Big Beautiful Bill (OBBBA), we have received a lot of questions about Trump Accounts. What are they, and how can someone open one? These questions have increased over the last few months with announcements by...
Read MoreThe Reich Report-Understanding Why IRAs Are Different
When we think about our investments, we often tend to lump them all into one pile. While most investments do contribute to your liquid net worth, Individual Retirement Accounts (IRAs) are fundamentally different from other assets. They...
Read MoreThe Reich Report-One Big Beautiful Bill’s Impact on Education Planning
The One Big Beautiful Bill Act, known as OBBBA, has far-reaching effects on financial planning, most notably on retirement. One area that doesn’t get as much attention is the bill’s effects on education planning. Currently, there are 3...
Read MoreFinancial Wellness Month
Happy New Year! January is Financial Wellness Month, which is the perfect time to get a jump on your finances for the new year. Starting the year off right, as related to your finances, can help you manage stress and anxiety about...
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