Can you believe that 2023 is just weeks away? While it may be wise to take care of some year-end financial tasks if you haven’t already, now is also the time to start considering the future. This is where the tried-and-true new year’s resolution comes into play! It can be tempting to make lofty goals …
Continue reading “Resolving to Get Financially Smart in 2023? Here’s How”
With the end of 2022 on the horizon, it’s important to remember that financially, we are living in uncertain times with inflation, volatility and unpredictability. It’s more important than ever to be fiscally cautious, aware and responsible by saving, reducing taxes, reviewing investment allocations and planning for 2023. Here are 5 key financial steps to …
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The strain the Coronavirus pandemic put on the economy is undeniable. In spite of this, since the second half of 2020, stock markets have reached record highs. As of June, 10, 2021 the Dow Jones closed at an astonishing 34,466.24 points with the S&P 500 reaching an intraday high of 4,239.8 points. This seemingly unfathomable …
Continue reading “Inflation: What’s Happening and How Can I Prepare?”
With the pandemic well underway, you may be taking a second look at your retirement plan. Will you have enough income to retire? Can you afford your taxes? What about healthcare? Have you reviewed your estate plan? More and more questions may be surfacing as the world changes around us. To help navigate through this …
Continue reading “6 Ways to Evaluate Your Retirement Plan During The Pandemic”
On Friday, Congress reached an agreement on a record-setting $2 Trillion coronavirus relief package. The bill includes direct payments to American taxpayers as well as expanded unemployment benefits for individuals laid off during the pandemic. Here’s an overview: How much money will I get in my coronavirus check? Single adults who make under $75,000 …
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What is Financial Vision? If you know what your finances will look like in 10, 20, or even 30 years, then you have financial vision. Financial vision is the ability to see your future finances clearly. In the same way that most of us aren’t born with 20/20 eyesight, perfect financial vision is rare, but …
1. Plan Ahead The easiest way to prevent overspending is to make a shopping list and check it twice. Knowing what you plan to buy can help prevent impulse purchases; it also gives you the opportunity to comparison shop before you commit to a store or a price. Plus, keeping the number of forgotten wish …
Want to strengthen your relationships, improve your physical health, and relieve stress? The answer, according to several scientific studies, might be gratitude. Believe it or not, gratitude can also positively impact your finances—and not just because it’s free. Gratitude draws our attention to the parts of our financial lives that are overlooked, underutilized, or ignored. …
1. Max Out Your Contributions There’s still time to max out the contributions on your retirement account. Making the maximum contribution to your IRA or 401(k) boosts savings and reduces your taxable income. In 2019, contribution limits increased to $19,000 for 401(k)s and $6,000 for IRAs and Roth IRAs. If you’re over 50, you can …
The Rolling Stones are no strangers to controversy. Since the band’s creation in 1962, the Stones have wrecked hotel rooms, dressed in drag, and consumed enough narcotics to incapacitate several elephant herds. The band’s 2019 No Filter tour is no exception. The headlines are less racy now that Mick Jagger and Keith Richards are well …
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What does it mean to be financially independent? The definition of financial independence varies, depending on who you ask. To some, being financially independent means having more money than you could ever spend; for others, it’s liberation from debt and a paycheck-to-paycheck lifestyle. Then there’s the FIRE movement, as in Financial Independence, Retire Early, a …
Social security is in trouble and many Americans have begun seeking social security alternatives to safely plan for retirement. The Social Security Administration suggests that your social security benefit make up about 40% of your income. If social security is only 40% of your earnings, how can you prepare for retirement without being too dependent …
Continue reading “What Are My Social Security Alternatives?”
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