Budgeting

What to Expect Out of The Fed

2024-01-26T09:52:10-08:00

Key Takeaways Inflation expectations over the next 12 months have convincingly improved, giving the Federal Reserve (Fed) reasons to pivot. We will likely notice improving inflation dynamics later this week. Risk appetite improved as investors considered bringing cash off the sidelines and into capital markets, pushing the markets to new all-time highs. Building permits, [...]

What to Expect Out of The Fed2024-01-26T09:52:10-08:00

Good Debt vs Bad Debt

2023-12-05T14:05:01-08:00

The Two Faces of Debt - Good Debt vs. Bad Debt Understanding Good Versus Bad Debt Can Help You Make Smart Financial Moves Credit card debt is a huge challenge for many people. According to Debt.org, Americans owe $986 billion on credit cards, surpassing the prepandemic high of $927 billion. While credit card debt [...]

Good Debt vs Bad Debt2023-12-05T14:05:01-08:00

Retirement Tips – Get Your House in Order with a Will, 529, and Life Insurance

2024-01-11T08:43:31-08:00

Tools and Techniques Raising a child is expensive. From the day a baby is born until the day they turn 18, a typical family will spend about $310,605 — or about $17,000 a year, according to a recent Brookings Institution analysis of data from the U.S. Agriculture Department.1 If you’re planning to start a [...]

Retirement Tips – Get Your House in Order with a Will, 529, and Life Insurance2024-01-11T08:43:31-08:00

Retirement Tips – Paying Down Debt with Snowball or Avalanche Method

2023-12-05T13:51:40-08:00

Erick, are there any tricks to paying down credit card debt? I’d love to put the money in my 401(k) instead! Try the avalanche or snowball method. In each you’ll focus on making extra payments to one debt — while continuing to make the minimum payment on all your other debts. With the avalanche [...]

Retirement Tips – Paying Down Debt with Snowball or Avalanche Method2023-12-05T13:51:40-08:00

Retirement Tips – Don’t Make a Mistake on New RMD Calculation

2023-11-20T15:29:36-08:00

Knowledge is Retirement Power Thanks to the passage of SECURE Act 2.0 at the end of last year, the age for starting required minimum distributions from your 401(k) has been increased from age 72 to age 73 for individuals who attained age 72 after December 31, 2022. It will increase again, to age 75, [...]

Retirement Tips – Don’t Make a Mistake on New RMD Calculation2023-11-20T15:29:36-08:00

Market Performance After Rate Cut – Be Careful What You Wish For

2023-12-08T17:01:58-08:00

Stock Market Performance After Fed Cuts Rates - Historical Perspective Market-watchers have been intensely focused on the Federal Reserve (Fed) this year. Recently, they’ve mostly opined on when the first rate cut might be coming and, generally, making the assumption that a rate cut would be good for stocks. It could be good, but our analysis [...]

Market Performance After Rate Cut – Be Careful What You Wish For2023-12-08T17:01:58-08:00

2023 Last Minute Tax Savings Ideas

2023-12-06T15:49:16-08:00

As you approach the year's end, it's so important to consider ALL potential tax strategies to optimize your financial situation. Here are some considerations to guide your decisions: Defer Income to 2024: Consider all opportunities to defer income to 2024, especially if you anticipate being in a lower tax bracket. Ideas: postpone receipt of a [...]

2023 Last Minute Tax Savings Ideas2023-12-06T15:49:16-08:00

Tax Changes Coming for 2025

2023-09-22T10:51:23-07:00

Hold onto your hats, folks, because big tax changes are making their grand entrance! Spoiler Alert: taxes are going up! Guess what? Starting in 2025, prescription drug prices are getting a bit of a makeover. Picture this: a fancy price cap on prescription meds! If you're on Medicare, here's the lowdown: they're proposing a [...]

Tax Changes Coming for 20252023-09-22T10:51:23-07:00

Top Tips for Individuals from New Secure Act 2.0

2023-03-20T17:15:54-07:00

Get informed on the SECURE 2.0 Act The SECURE 2.0 Act is a bipartisan comprehensive retirement legislation signed into law on December 29, 2022. Here are some interesting takeaways that might impact you: Required minimum distribution (RMD) age increases from 72 to 73 The age 72 trigger for taking RMDs is raised to age [...]

Top Tips for Individuals from New Secure Act 2.02023-03-20T17:15:54-07:00

Financial Tips and Great Ideas to Help You in 2023

2023-02-02T17:14:06-08:00

Here are some of my favorite financial and lifestyle tips as you start the year Knowledge is Retirement Power Especially When You're Traveling Looking to see more of the world during retirement? Some countries have created visa policies designed specifically for retirees. These retirement visa programs may also provide special benefits and incentives to [...]

Financial Tips and Great Ideas to Help You in 20232023-02-02T17:14:06-08:00
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