Helping pave the way towards financial freedom
It’s been months since most of us, myself included, have shuttered the office and started working from home. Like many, I’m feeling the strain of upended life. How about you? Are you ready to venture out again? In this post, I thought I’d provide a rundown of some of the latest economic projections as well…
Are you looking for ways to cut your spending? With the Covid shutdown, perhaps your income has shut down – or at least slowed down. Now is the time to evaluate your spending habits. I don’t consider myself a penny-pincher, but the reality is EVERY DOLLAR COUNTS. Not only that, but people have difficulty understanding…
When our $21 trillion economy comes to a screeching halt, there’s going to be an economic contraction. That’s what we’ve all been experiencing the past couple of months as we deal with the Coronavirus. The Federal government’s $2 trillion fiscal rescue act is part of extraordinary measures attempting to limit the impact to our economy….
I thought of something helpful for people “quarantining” to do while spending time at home: review the beneficiary designations on their accounts! Admittedly updating beneficiaries on life insurance and financial accounts isn’t the most fun part of financial planning, but it could be one of the most important things you do! If you are thinking…
Well, that was quick. Feeling good after a strong finish to 2019, we’ve seen some dramatic changes happen in a very short period of time. Let’s call it the “Coronavirus Contraction”. It came swiftly, and it came with force. And while the economy was on a roll to start the year, in a matter of weeks, we were…
We’re going through some tough (and interesting!) times these days. Even if you fear the sky is falling, it’s important to be able to see things optimistically. I like to look through the noise for opportunities. Which led me to this idea – the current environment is ripe for Roth IRA conversions. Before I get…
Presidential election years bring a lot of uncertainty and stress to people. Anyone not living under a rock can see it in social media, on TV, or just overhearing conversations in public. In fact, during the 2016 election cycle, one study found that at least 50% of Americans were more stressed out because of the…
Education beyond high school is a significant decision that undoubtedly has HUGE implications on the rest of a student’s life. Financial and otherwise. As parents, we should be doing what we can to guide our kids. At the same time, we want them to be involved and vested in the process. College is not for…
Most people know they need to save for retirement, but they don’t know what their “magic number” is. They may not know how much to save on an annual basis nor the duration of those savings. This is all very understandable, I suppose. Retirement expenses may vary depending on where you will be living and…
At the end of 2019, Congress passed the most significant retirement security legislation in more than a decade. Known as the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), this legislation went into effect on January 1, 2020, and impacts retirement and estate planning rules. Here are a few of my biggest takeaways…