The straight line

Category Archives: Uncategorized

Report Warns Retirees about Potential Downsides of Reverse Mortgages

Reverse mortgages have been around for years. But they’re getting a new spin: Some senior homeowners are tapping into their home equity to “bridge the gap” until the time they’re ready to apply for Social Security benefits. However, an independent consumer agency — the Consumer Financial Protection Bureau (CFPB) — is cautioning retirees against using this...

keep reading

U.S. Treasury to Retire the myRA Program

Created just a few years ago in 2014, the My Retirement Account (myRA) program will end, according to the U.S. Department of the Treasury. As part of the Trump Administration’s effort to slim down wasteful spending where possible, the Treasury has decided this short-lived Roth IRA backed by the government isn’t cost effective. First Some Background...

keep reading

Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will...

keep reading

Netclient Portal

We recently sent out a survey to our clients asking about their use of our Secure Client Portal. We weren’t surprised by the results, so we wanted to provide you some additional information regarding it. Our intent is that more clients will start to utilize this feature. Gardiner Thomsen understands how important security is to...

keep reading

Cooperatives – What we’ve seen in 2016

With the firm’s 100+ cooperative client base, we like to reflect back in the first edition of each year’s newsletter on what we have seen over the past year. There is obviously exceptions, outliers that performed much better than our overall characterization of the past year. Sadly, there are those that performed much worse. That...

keep reading

PCI Compliance: Protect Customer Information

The explosion in the use of debit and credit cards is not without a downside. As more and more credit cards are provided to merchants, the potential that the information will be stolen also increases. Consumers expect their card information will be handled by merchants in a secure manner. When card data is stolen, consumers feel...

keep reading