Savings Strategies
Some people have no trouble saving money — they stash away any cash they don’t need, and their account grows and grows. These people usually aren’t very materialistic and don’t have a lot of goals that require money to fulfill. That’s a wonderful trait, in some ways. However, there’s nothing…
Public Safety Personnel: 6 Factors to Consider When Entering the DROP Program
The DROP program stands for Deferred Retirement Option Plan. The retention program was designed to keep public-safety personnel working longer by making it lucrative to stay beyond their eligibility to retire.
Pandemic Highlights the Difference Between Economics and Finance
One of the more glaring lessons of the 2020 pandemic was that the economy and the stock market are not the same thing, nor do they necessarily move in lockstep. They are measurements of two different things, often indicating how the other will react. However, as we saw last year,…
Fixed Income vs. Stock Portfolio
Early this year, many stopped spending and began saving money. This wasn’t difficult as many areas of the economy were — and possibly still are — shut down. For some, vacation plans were canceled, and the normal level of entertainment activities and dining out have been curbed. If you’ve remained…
Dealing with Financial Hardship
A recent poll found that nearly one out of every five Americans are experiencing financial hardship due to the COVID-19 outbreak and subsequent lockdowns.1 With reported infections soaring in recent weeks, financial stress could affect even more citizens as various areas of the country struggle to contain the pandemic. However,…
7 Steps to Spring Clean Your Finances
Since the first part of 2020 doesn’t “really” count because everyone was in stalemate (thank you Covid-19), we can basically start over now as the country starts to slowly reopen. So, welcome everyone. Spring has sprung! 🙂 It’s officially the season of cleaning, organizing, and working through all the build-up…
How To Have “The Money Talk” With Your Partner
Raise your hand if you’re dating, engaged, or married. Now keep your hand up if you want it to stay that way (as in…not divorce or break up). Hopefully everyone’s hand stayed up. If not, we’re the wrong people for the job. However, if you kept all five fingers high,…
4 Ways You’re Sabotaging Your Savings
Do not save what is left after spending; instead spend what is left after saving.” Warren Buffett Financial security is more than making enough money—it’s saving enough to make it last. If growing your savings is a 2020 goal, you’ll be ahead of the one in five Americans with no…
2020: Financial Goals You Can 100% Achieve
Welcome to 2020, the year you finally level up your finances. Let’s get started.
Boosting Financial Literacy is a Top Priority
Financial literacy has always been a challenge. However, now that much of the burden of retirement income has shifted to employees instead of employers, it is all the more important that we begin teaching the principles of saving and investing to people as early as possible.1 In a recent survey,…