How Much Do You Need to Retire?
I don’t know about you, but every time I see headlines that say, “Top 10 Reasons” or “How Much Do You Need,” I click on it. So when I saw the CNBC article, “You’ll need at least $1 million to retire comfortably in these 10 U.S. States,” I couldn’t help myself.1 There were no surprises […]
Frustrated Following the Fed?
Let’s start this email with the conclusion: Stick with your investment strategy, and don’t let outside influences like the Fed get in your way. Following the Fed these days is like watching an endless point in a tennis match. The back-and-forth is causing anxiety, anticipation, more anxiety, and confusion. At its March meeting, Fed officials […]
The 401(k) Millionaires Club
The stock market rebound has significantly increased the number of workers with $1 million or more in their workplace retirement accounts. According to Fidelity Investments, employees with 401(k) balances exceeding $1 million rose 26 percent in Q2 to 378,000 accounts. These individuals have shown resilience and determination, navigating the ups and downs of the stock […]
Wall Street Focuses on Debt Ceiling
Would it surprise you to hear that investors have moved past worrying about inflation? They have, at least for now. Wall Street has shifted its attention to Washington’s budget negotiations and how the debt ceiling will be resolved. But how long will that shift in focus last? As you can see from the accompanying table, […]
FDIC Insurance, SVB & Signature Bank
When events like Silicon Valley Bank (SVB) and Signature Bank happen, it’s natural to wonder how a bank safeguards your funds. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance was designed for this very reason: to help protect your funds once deposited. The FDIC is an independent government agency that protects bank depositors from the […]
Life Doesn’t Stand Still
September is Life Insurance Awareness Month. If you haven’t reviewed your insurance profile in a while, you may be surprised that what made sense in the past no longer fits your life. Here are some ways to quickly evaluate your needs. Stop on a DIME – To use the DIME method, add up your Debt, ten years […]
Three Ways the Inflation Act Could Impact You
Have you heard? The Inflation Reduction Act was signed into law on Tuesday, August 16. While the $430 billion package includes many provisions, I thought I’d highlight three key areas where you may benefit the most. Tax credits for energy-related home improvements – The bill includes a 30% tax credit for installing energy-efficient windows, heat pumps, […]
Midyear Outlook 2022: Navigating Turbulence
LPL Financial Research Midyear Outlook 2022: Navigating Turbulence Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a full-blown crisis like 2008–2009 or 2020, but […]
Are You Worried About Selecting The Right College Savings Plan For Your Child?
In this article, we take a look at some basic questions that a grandparent/parent faces towards financing their children’s college education. Are you concerned about how to balance paying for college while planning for retirement? This article will help you have the best combination between your savings, borrowings, investments, and financial aid. […]
Are You Scared of Facing Risks of Losing Wealth Saved for Health & Retirement?
Do you always look to protect all you have worked hard for better health and dream retirement? This article will help you take the right approach towards risks faced by individuals regarding health, retirement, and Life. How do you control the risk of losing finance due to health issues? Losing money due to health issues […]