Need to Tap into your Retirement Funds? Here’s How to Minimize the Damage
It is not surprising to learn that smart investors understand early on that saving for retirement is crucial to ensure a successful retirement, and in particular the benefits of allowing your savings time to grow over decades. The power of compound interest, when allowed to perform over the long haul without interruption, can allow you to accumulate significant savings by the time you retire without having to sacrifice your standard of living during your working years. And financial experts agree almost unanimously that the funds you set aside for retirement should be revered and left untouched.
Empower the Girls In Your Life With These Financial Lessons
What is important to note here is that for women to be truly empowered, they need to be informed – and financial education is a critical component for their success. Jill and I have been adamant that we teach our own girls about the importance of being fiscally responsible because it’s one life skill they need to master, yet it’s rarely taught in schools. Understanding how to earn, save, and spend responsibly sets the foundation for their financial independence and success.
Over the years we have used opportunities that crop up in everyday life to share lessons in a practical way. And with our time together this week, I’d like to share with you my Top Five Money Tips for Girls.
Markets Making You Nervous? You Can Plan for That.
To say that this year has started with an economic climate that many folks are not familiar with, well, that would be an understatement. The news headlines have been filled with attention-grabbing topics that raise more economic questions than answers. After a year marked by geopolitical realignments, wars, and uncertainty around inflation, interest rates, immigration […]
Don’t Make 2023 a Could of . . . Would of . . . Should of . . . Year!
As I read the news headlines each day, I’m noticing a common theme lately. One that suggests that our current economic climate is impacting the middle class much more than the wealthy or those less fortunate. The articles cite examples, such as smaller paycheck increases and the rising costs of items that middle class consumers purchase the most. And the middle class is much bigger than you might think.
Should You Give or Lend?
The IRS views gifts and loans differently for tax and gifting purposes and you need to understand the difference before writing that check.
How Can We Expect Our Economy to Behave?
Some prominent analysts and economists believe that we’ll see inflation hanging around for the long term, with rising interest rates, and likely slower economic growth than we’d like to see. So this week, I’d like to dig a bit deeper into these areas so you can better understand what’s going on now – and what could happen tomorrow.
Student Loan Forgiveness? Just Say No!
Although White House officials have debated the forgiveness program internally for more than a year, there doesn’t appear to be any real consensus on the best path forward.
Crypto in Your 401(k)? Hmmm . . . Not So “Fast”!
Investing for retirement is a long game and the rules aren’t the same for everyone.
The SECURE Act 2.0 – Another Step in the Retirement Planning Journey
Folks often feel overwhelmed by the number of factors we need to consider as we build their retirement plan. It can seem confusing and overwhelming which can easily lead to procrastination.
Inflation – It is Not Good!
Folks, we have not seen this type of inflation in a generation. So, while we’ve talked about inflation here before, this week I want to use our time together to take a deeper look at just what is driving inflation.