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Damon Carr - The Carr Report

The Carr Report: Understanding car insurance

Female motorist involved in car accident calling insurance company. Adobe Stock Photo Life comes at you fast! On the week of this writing, I was...

The Carr Report: Financial planning tips for retirees

 We spend more time reflecting on life after retirement than we do planning, saving, and investing for retirement. We dream of the day when...

The Carr Report: You might be ‘Broke’ or end up ‘Broke’ if…

I liken social media to stand-up comedy. You can test various jokes or ideas and get instant feedback.  When I returned to writing, my...

The Carr Report: Money Psychology

Personal finance is more personal than it is math. In fact, personal finance is 80 percent personal and 20 percent finance. In other words,...

The Carr Report: The IRS can’t touch this income!

As I was thinking of a title for this article, MC Hammer’s “U Can’t Touch This” song started playing in my head. So I...

The Carr Report: Black, single mom with $400,000 in her employer sponsored retirement plan!!

I recently received an inbox message from a tax client and soon-to-be financial planning client of mine: “Gm! You’re my finance guy, so I...

The Carr Report: Elderly woman was told a whole lie about her Whole Life Insurance policy

I recently read an article from “Moneywise.” This article shares a story about a 72-year-old woman whose life insurance policy is being terminated despite...

The Carr Report: Social Security Pop Quiz

How much do you know about social se­curity? MassMutual recently gave a social se­curity true/false quiz to 1,500 individuals ages 55 through 65. According to...

The Carr Report: How much should you have saved for retirement at every age?

Getty Images Stock Photo There’s a popular meme floating around on social media that states, “I have enough money saved to live comfortably for the...

The Carr Report: Can he retire?

Getty Images Stock Photo I recently came across this article pub­lished on www.marketwatch.com. “I’m 66. We have more than $2 million, I just want to golf—can...

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