Don’t Be Afraid to Ask For Help

Saving for or financially planning for the future can be a daunting task. Whether you’re in your twenties and saving for a house or in your forties and kicking your retirement savings into high gear, saving enough to meet your goals can seem impossible and overwhelming. Furthermore, if you have debt to manage and expenses to pay in order to get your finances into proper shape. Many people struggle with this and it’s the reason why I–and the industry I work in–exist. There’s no shame in asking for help when it comes to money. Finances can be tough to manage Continue reading Don’t Be Afraid to Ask For Help

Retirement Decisions in the Time of Coronavirus

As my last blog post mentioned, it’s a tough time to be making retirement decisions. That’s regardless of whether it’s changing your retirement saving goals, deciding to actually retire, or making financial decisions in retirement. Make no mistake, the current economic situation will impact retirement decisions for at least the next year and probably even longer. It’s already forcing many older and retired Americans to make decisions about whether they should consider taking money out of their retirement accounts earlier than anticipated as well as whether they should file for Social Security sooner than they want to. Keep in mind Continue reading Retirement Decisions in the Time of Coronavirus

Things Will Be Different In the Future

We are heading into uncertain times. The world is dealing with a dangerous pandemic that is wreaking having on the global economy. In a matter of a few short weeks the Coronavirus has drastically changed the way we socially interact with one another, the way we work, and the way we educate our children. Whether all this is good or bad remains to be seen. However, I can guarantee you that things will not be the same once we get through all this. And yes, we will get through this. It’s almost impossible to tell at this moment as to Continue reading Things Will Be Different In the Future

Putting Your Appetite for Risk to the Test

Yes, it’s another blog post about investing. What can I say, it’s a very hot topic right now. Given how many Americans have retirement savings and nest eggs tied up in the stock market, it’s also a very relevant topic. When it comes to investing, risk is a big part of things. Your understanding of it and how much you are willing to take on are foundational when it comes to making investing decisions. Given the recent market volatility, it’s fair to assume that many Americans’ tolerance for risk are being tested at the moment. Most likely, yours probably is Continue reading Putting Your Appetite for Risk to the Test

The Impact of the Aging Boomer

Whether you want to admit it or not, the Baby Boomer generation is a large demographic. They have a large impact on society as the oldest members of the generation as well into retirement and the youngest are just starting to consider stepping away from the work force. The sheer numbers of the Baby Boomer generation will continue to have an impact on the economy and healthcare for decades to come. Keep in mind that they are living longer than past generations thanks to advances in healthcare and medicine. Why does all this matter? Well, it matters because any large Continue reading The Impact of the Aging Boomer

2020 is Here. Will You Make the Most of It?

It’s the beginning of a new year, which means it’s time for you to start thinking about your financial goals for the next 365 days. Do you want to have a certain amount saved up by the end of 2020? Do you want to pay down a particular debt? Do you plan on putting yourself on a budget and making a big purchase? Now is a good time to shape your goals for the year and take steps to begin doing whatever it is you have in mind financially. That may mean talking to a financial advisor or wealth manager. Continue reading 2020 is Here. Will You Make the Most of It?

Keeping Finances Safe In Retirement

I recently saw a thread on a social media site–Reddit, to be specific–in which someone was asking for advice on how to handle a situation involving the poster’s elderly mother. The mother had impulsively gone into a car dealership and was sold a used car along with a hefty warranty and many add-ons, which almost doubled the price. The mother had no income and somehow was approved for finance. The poster, once he found out, wanted to undo the deal as it was expensive and appeared that his mother had been taken advantage of at the car dealership. A number Continue reading Keeping Finances Safe In Retirement

Finance Themed Gifts or the Holidays

We’re a little less than 10 days away from Christmas, so chances are, you’ve probably done all your holiday shopping at this point. However, if you’re looking for a few more gift ideas for your children or grandchildren, then maybe you might want to consider something with a focus on finances and money. For example, a book on personal finance can be a great gift that can help people more than they may even realize. There are many such books out there covering various aspects of personal finance, so you may want to stick with bestsellers on this. A personal Continue reading Finance Themed Gifts or the Holidays