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The Reich Report

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. 

 

Thursday, October 1, 2026

When most people hear the words "financial planning," their mind goes straight to investments. What stocks should I own? Is the market too high? Did my account beat the market this year? Those are all fair questions, and investing is...

Thursday, September 24, 2026

Since we frequently see those nearing retirement get confused about Medicare, I thought it would be a good idea to cover what it is and isn’t. Join us for a complimentary seminar with Medicare specialist Tara Becker on Wednesday, October 7.

Thursday, September 17, 2026

Life insurance: you need it or you don’t. It’s that simple, right? Well, not exactly. There are countless uses for life insurance that I’ve seen over the years, and a few times when it really wasn’t needed. Today, we’ll talk about the...

Thursday, September 10, 2026

The Reich Report-September Reset With summer winding down, September offers a chance to reset and refocus. There is a 'back to school' feeling as we settle into new routines. It can feel like a mini–New Year so it’s a great time to...

Thursday, September 3, 2026

When people sit down to set up a trust, naming one of their adult children as the trustee or worse, co-trustees, often feels like the obvious choice. They're family, you trust them, and frankly, they'll do it for free. I understand the...

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Thursday, August 27, 2026

Nobody gets married planning to get divorced. But the sad reality is that a lot of marriages end that way, and when they do, the financial side is often the part people are least prepared for. Emotions are running high, big decisions...

Thursday, August 20, 2026

Think back to the last real raise you got. Now be honest with yourself, where did that money go? If you're like most people, you're not entirely sure. The raise felt great for a month or two, and then somehow life just got a little...

Thursday, August 13, 2026

"Financial independence" is one of those phrases we hear thrown around constantly, but if you ask ten people what it actually means, you'll probably get ten different answers. Some picture a beach, an early retirement. Others picture a...

Thursday, August 6, 2026

I ask clients a simple question all the time. When was the last time you actually sat down and looked at your financial plan? More often than not, the answer is some version of "I'm not really sure." That's understandable. Life gets...

Thursday, July 30, 2026

Most people approaching retirement spend months running the numbers. They model Social Security claiming strategies, stress-test their portfolios, and debate whether to work one more year. What far fewer pre-retirees do is gather the...

Thursday, July 23, 2026

The debate between active vs. passive investing has been raging on for decades. The majority of the time, passive tends to be the winner in that debate with some notable exceptions. The truth, however, is that both win at different...

Thursday, July 16, 2026

Since the passage of the Big Beautiful Bill (OBBBA), we have received a lot of questions about Trump Accounts. We first discussed these accounts back in January when they were initially proposed, but now that they are officially...

Thursday, July 9, 2026

Last week, a question came up about how a client should title an account. Account titling can be extremely important for estate planning purposes. What struck me as we were discussing it was all of the different types of account...

Thursday, July 2, 2026

Welcome to your 50s! You’re officially halfway to age 100, and you’re starting to feel like it too! I always say that when everything starts to hurt, it’s a good time to reassess your finances. This week, let’s review some of the more...

Thursday, June 25, 2026

Investors who are nearing retirement all want to know one thing. Will my money last as long as I do? This is the question that causes pre-retirees a lot of sleepless nights. Not knowing the answer to this question also causes many...

Thursday, June 18, 2026

With Father’s Day upon us, many of you may be reflecting on the wisdom bestowed upon you by your dad, or if you’re a dad, you may be thinking about the lessons you want to teach your kids. As parents, we teach our kids about finances...

Thursday, June 11, 2026

Last week, I wrote about the pros and cons of buying an annuity. Given the complex nature of annuities, I thought it was important to also cover potential complex mistakes that people make regarding them. First, annuity contracts can...

Thursday, June 4, 2026

One question we get asked frequently is whether or not to buy an annuity. Since there are many factors to consider when answering this question, this article isn’t intended to provide you with a “yes” or “no” answer, but instead serves...

Thursday, May 28, 2026

This is the 4th and final article in the series on the stages of retirement planning. Next to the pre-retirement phase, this is, in my opinion, the next most important part. If you had done everything you needed to do in order to set...

Thursday, May 21, 2026

In the last few articles, we have covered what to do in the years leading up to retirement, what to expect in the early years of retirement, and now we are moving on to the mid-years of retirement. This may be characterized by feeling...

Thursday, May 14, 2026

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,...

Thursday, May 7, 2026

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...

Thursday, April 30, 2026

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...

Thursday, April 23, 2026

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....

Thursday, April 16, 2026

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...

Thursday, April 9, 2026

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...

Thursday, April 2, 2026

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...

Thursday, March 26, 2026

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...

Thursday, March 19, 2026

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....

Thursday, March 12, 2026

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?...

Thursday, March 5, 2026

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...

Thursday, February 26, 2026

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...

Thursday, February 19, 2026

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...

Thursday, February 12, 2026

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...

Thursday, February 5, 2026

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...

Thursday, January 29, 2026

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...

Thursday, January 22, 2026

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...

Thursday, January 15, 2026

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...

Thursday, January 8, 2026

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...

Thursday, January 1, 2026

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...