With a new president and administration, now is a great time to meet with your financial professional to discuss how our new president, Joe Biden, may affect your finances, taxes, and retirement. Given the balance of the U.S. federal deficit and the federal and state spending during COVID-19, increasing taxes is essential...
The Social Security Administration has again approved a cost-of-living adjustment (COLA) for Social Security benefits starting in January 2021. The increase of 1.3 percent will increase $20 per month for the average American worker and is calculated based on the year-over-year inflation rate. The most significant change to Social...
2020 has been a year unlike any during our lifetimes with the COVID-19 pandemic and a poor economy. Many have been impacted with lay-offs and job losses and realize they were unprepared financially. With the start of a New Year, are you ready to focus on ways to improve your...
It is human nature to seek advice when things aren’t going well or when an unforeseen event occurs. Some seek financial advice from a professional only when the stock market and their investments are experiencing turbulent times. Reactive decisions made during periods of stock market volatility often cause investors to...
“If the current annual inflation rate is only 2.3 percent,1 why do my bills seem like they’re 10 percent higher than last year?” Many of us ask ourselves that question, and it illustrates the importance of understanding how inflation is reported and how it can affect investments. What Is...
2021 is a great time to focus on your retirement savings! Thanks to the power of compound interest, the more you save this upcoming year, the better off you will be later. If you are ready to make more headway on your retirement savings in 2021, keep reading to...
COVID-19 has changed everything from our jobs to school learning and shopping and how we plan for retirement. The pandemic has created implications for financial planning on critical items, moving them front and center for those saving for retirement and those already retired: Healthcare costs. With the Affordable...
COVID-19 is changing the way business is conducted, resulting in economic fallout, and stock market declines in many parts of the world. However, here in the U.S., while companies are closing, the stock market remains resilient in the middle of an economic crisis. Why does Wall Street appear to...
As you get older, the question of when to collect Social Security retirement benefits will likely come to mind, particularly true if you plan to retire early. In a perfect world, there would be one age that would be ideal. However, your unique circumstances and goals will dictate the best...
The coronavirus pandemic has motivated financial professionals to take full advantage of technology. Many of them are pairing various tech solutions with their unique human touch to help clients improve their financial well-being. So how can you, as a client, use similar technology to make a positive difference in your finances?...