Financial wellness is the ability to have a healthy financial life and feel good about your financial situation. Financial wellness doesn’t have just one meaning because it can mean something different to each person. Financial wellness is a broad term that encompasses these key areas: Taking control of your...
Learning from our mistakes is a good thing. After all, if we learn from our mistakes, we are likely not to repeat them. Sometimes psychological or emotional factors contribute to making a mistake or knowing how to avoid it. Here are the top mistakes investors make and how to...
Portfolio cash accounts are typically kept for reinvesting opportunities or other events such as Required Minimum Distributions (RMDs). Investors and their advisors often want to move cash to securities for performance in an environment where interest rates are low or effectively at 0%. There are reasons that cash accounts...
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...
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...
As we enter a new year, many are hopeful that 2021 will be positively different from 2020 in health, the environment, and the economy. In the wealth management industry, we know things are already different as we see more Americans wanting to plan for their futures. Our parents and...
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...
With the election over, investors may be wondering about market volatility as we enter 2021. Regardless of politics, short-term stock market results can vary depending on factors, including gridlock in the House and Senate, and a newly elected future President Biden. Tracking trends like this in the stock market tends 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...