Helping pave the way towards financial freedom
Contribution limits do not go up every year. But every couple of years, we’ve come to expect gradual increases across the various types of accounts. The Internal Revenue Service has just released new limits for the coming year. For the most part, the amount of increases are linked to inflation. So perhaps it does not…
People love real estate, whether it’s their own home or buying rental property. Even if you don’t own your primary house or second home, you have probably heard somewhere that owning them is a surefire way to become rich. While owning a rental property is one way to kickstart the wealth-building process, we think it’s…
While it may seem like a distant memory, Q3 started with optimism. We saw (potential) signs of inflation slowing, solid corporate earnings, and expectations that interest rate hikes might end sooner than later. But beyond mid-August, that optimism was eroded by sticky inflation data, geopolitical concerns, and Chairman Powell suggesting more “pain” was to come….
Do you remember when a million dollars used to be the gold standard for the amount to have saved at retirement? Well, as we all know, a million dollars is not what it used to be! Knowing how much you need to save is certainly important, but your target should not be arbitrary. It could…
So many big events competed for our attention this summer … said nearly every investor, almost every summer, ever. We’re not making light of this summer’s uncertainties. Inflation is real, and needs to be managed; we also can’t rule out the possibility we’ll still see stagflation and/or a recession (although neither has happened yet). Heightened…
The average American checks their phone 96 times a day. While phones may have become a central piece of our lives, this is once every 10 minutes! Entirely too much, wouldn’t you agree? This has also made it easier for people to check on their portfolios. Whether it’s pulling up news and quotes on Yahoo…
Even though we know it was just dumb luck, can we get a round of applause for seeming to forecast last month’s surprisingly strong market returns? It’s almost (but not really) as if the market were reading our mind when three broad U.S. stock indexes ended July 2022 with their best returns since 2020—up 9.1%,…
Got kids? This one is for you. The date was September 2017, and a massive Equifax security breach became public knowledge. If there was a silver lining to this infamous event, it likely spurred more consumers to take more measures to protect their identities. Perhaps you’ve frozen your lines of credit, or you’re at least…
Another volatile quarter has just come to a conclusion. Just when investors were hoping that inflation was in check, we realized that it might not really be. Other worries such as China’s COVID lockdowns, food and energy shortages, and the Russian war also contributed to the uncertainty. Let’s see how some of the major market…
I’ve talked to a few people the past couple of weeks who are unsettled with the recent market pullback. They have doubts. They are wondering what they should do with their portfolio. They ask things like “should we seek higher ground until the coast is clear?” But do these stressful times justify market timing? It’s…