The Stock Market – It’s Similar to Ripples in Water
Key Takeaways The stock market’s movements can be compared to ripples in water when you drop a pebble in: big at first, but evening out over time. Looking at 20-year cycles, versus performance over one year, can provide a better perspective of the stock market. A blended 50/50 portfolio of stocks and bonds can help […]
Making Decisions with Your Third Eye
Charlie Munger, longtime business partner of Warren Buffett, was recently interviewed by Wall Street Journal’s Jason Zweig posted on April 17, 2020. In it he said
The New SECURE Act: The Good News & The Bad News
Key Takeaways The new SECURE Act was passed on December 20th, 2019, and it affects retirement distributions. There are both positives and negatives associated with the SECURE Act. The new rule took effect on January 1st, 2020, and it’s a good idea to know how it will affect any funds you may inherit in the […]
Should You Be Your Own Stock Trader?
Key Takeaways Brokerage firms have recently stopped charging fees for stock trading, in an effort to attract more millennial investors. These fees were never very high to begin with, so this shift is more a change in principle than anything else. Investors who decide to take stock trading into their own hands may want to […]
Do You Know How Much You Should Be Saving For Retirement?
Key Takeaways Down the road, in retirement, you may want to abide by a safe withdrawal rate to ensure you don’t run out of money. A safe savings rate might be more relevant to you if you’re decades away from retirement. If you’re delaying saving for retirement, you might be surprised how much more you’ll […]
How to Get the Most Out of Saving for Retirement
Key Takeaways Compound interest is a powerful thing. If you’re not participating in the stock market, you’re likely missing out on the power of compound interest. The recommended guideline of saving 15% of your income for retirement makes the assumption that you’re earning compound interest.
Do You Have a Will to Protect Your Family?
Key Takeaways A whopping 78% of millennials do not have a will or advance directives in place. Without these, your loved ones may run into legal issues if you become incapacitated or pass away. Think of a will as a love letter to your family, taking care of them after you’re gone.
The Impact of Millennials’ Spending and Saving
Key Takeaways The millennial generation is the largest part of the workforce in our country right now. As millennials age, the amounts they’re saving and spending are changing. These saving and spending changes are impacting our economy and will continue to do so for several years.
The Downfalls to Target Date Funds
Key Takeaways Target date funds are a kind of “set it and forget it” way of investing for retirement. This approach doesn’t take into consideration all the variables about an investor, outside of his/her age. A better approach is to examine one’s specific circumstances when deciding how to invest.
Found Money: Your Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are tax deductible, tax deferred, and tax-free when used for health or medical-related expenses. Many people don’t realize HSA funds may be used for retirement. Once you’ve reached your limit on 401(k) contributions, your HSA may be an option for additional retirement savings.