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Keeping up with your health and scheduling your annual wellness exam is crucial, but what about you keeping up with your financial health? It is just as crucial to have your annual review to make sure you are evaluating and adjusting your goals and your strategies align with those goals. Five things your financial check-up appointment evaluates: 1. Have your goals or investments changed? The only thing constant in life…

Every year, I set aside time between Christmas and New Year’s to evaluate last year and plan for the next year, personally, professionally and financially. The New Year sparks a new beginning and in turn sparks a whole slew of resolutions. The top seem to be: Lose Weight, Get Fit, Get Organized, and Spend More Time with Friends and Family. When you are considering your resolutions, I challenge you to…

This article is from: What You Should Know About Your Retirement Plan, U.S. Department of Labor, Employee Benefits Security Administration If you leave an employer before you reach retirement age, whether or not you can take your benefits out and/or roll them into another tax-qualified plan or account will depend on what type of plan you are in. If you leave before retirement, can you take your retirement benefit with you?…

The reality of retiring at the age of 65 seems to be a thing of the past. Millions of Americans are entering retirement age without enough funds to allow them to live the lifestyle they once had. Even though we are all told to start investing early in life, many don’t for one reason or another. Some had a good plan of saving, but something happened and they lost their…

It’s the scariest time of the year. Halloween is here. It’s time for trick-or-treaters, haunted houses, spooky home decorations, and more. This may be the scariest time of the year, but it only lasts a month. The truth is there could be gaps in your investment strategy that could come back to haunt you for years or even decades. Below are a few common retirement planning mistakes that can have…

The recovery in the financial markets hit some turbulence in October, as investors wrestled with anxiety about increasing COVID cases. However, a surge in gross domestic product (GDP) in the third quarter may signal that the economy is on the rebound.1 Through October 28, all major indexes had mostly recouped most of their losses from the COVID crash in March. However, all were down for the month of October. Below

This year has been a rollercoaster ride. COVID has dominated the headlines and impacted every aspect of our lives. It has shut down businesses, schools, and workplaces. It’s changed the way we interact and socialize. And of course, it has deeply impacted the economy and the financial markets. It can be hard in 2020 to find the good news, but there actually are a few economic developments for which we

On Wednesday, September 16, Federal Reserve Chairman Jerome Powell offered his assessment of the economic recovery. The press conference offered some positive news, but also a sobering prediction that a full economic recovery will take years.1 The good news is that the Fed has cut its 2020 median unemployment rate projection to 7.6%, down from a 9.3% forecast in June. The Fed also adjusted its projected 2020 GDP reduction to…

As the COVID-19 pandemic stretches into its seventh month, leaders in Washington are debating a second stimulus bill. On August 8, President Trump signed executive orders that extended the federal unemployment benefit, but reduced the amount from $600 per week to $400. The orders also suspended the payroll tax through the end of the year, and suspended interest on federal student loans.1 However, even as President Trump signed the orders,…