Michael B. Shumway Financial Advisor West Des Moines, Iowa

Welcome!

I'd like to personally welcome you to MikeShumway.com.  My hope is that you find information on this site that will help you to dream of a brighter financial future, plan, and move forward with greater confidence.  The opportunities and potential rewards can potentially be great, when you take a proactive approach to your personal financial situation.

Dream, Plan, and Move Forward with More Confidence.

 

This website was created to help you gain a better understanding of the financial concepts behind insurance, investing, retirement, estate planning, and wealth preservation.  Here, you'll find a collection of newsletter articles, calculators, and research reports that will help you take proactive steps toward your goals.

While this site offers great information, nothing beats working along side a skilled professional in pursuit of your financial goals.  That's where I come in.  I'm here to be your best resource about basic concepts of financial management, give you fast, easy access to market performance data, while helping you chart a course that fits your goals and dreams.

Once again, thank you for visiting MikeShumway.com!  Please take advantage of this resource and visit often. 

Sincerely,

Mike Shumway

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Calculators

Net Worth

A balance sheet summarizes your assets and liabilities and reveals your net worth.

Roth IRA Conversion

This calculator can help you determine whether you should consider converting to a Roth IRA.

Life Expectancy

Knowing your likely life expectancy is an important factor in making long-term financial plans.

College Funding

Use this calculator to estimate the cost of your child’s education, based on the variables you input.

More Calculators →

Newsletters

Variable Annuities and Your Retirement Strategy

An insurance product may appeal to pre-retirees who want to invest more of their current incomes for retirement and defer taxes on market gains. A variable annuity enables investors to pursue investment gains with the option to purchase guarantees (for an additional cost) to help protect against the downside risks of investing in the markets.

The Financial State of the States

Many state and local governments have struggled with lower tax receipts and large budget deficits — during and after the recession. This article offers a closer look at the financial pressures facing the states and how the methods used to address budget shortfalls could ultimately serve as a drag on the national economy.

Fixed for Life

More than 40% of Americans ages 36 and older are at risk of running out of money in retirement, according to a retirement readiness study. In fact, almost one-third of people with upper-middle incomes and 13% with high incomes may not be able to pay for basic retirement expenses and uninsured health-care costs after two decades in retirement.

Why Realistic Expectations May Be Great

Although positive thinking can be powerful, there's a fine line between optimism and unrealistic expectations. There are possible pitfalls when overestimating how a portfolio will perform.

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