What to Do With Your Money if You’re Worried About the Market

Though doing nothing is often the right move when markets drop, there are some exceptions. Investors can use a market selloff as an opportunity to lower their future tax bills or to invest extra cash parked in savings.

Social Security Fears Spur These Young Workers to Save More

The depletion of the Social Security trust funds does not mean that benefits will cease at that time. The government has many tools to address the shortfall. It's important to learn the facts and how they might affect your retirement income, especially if you're younger. Enough with the fear mongering; it's time for a more practical approach.

When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up

401K loans are full of misconceptions and even “experts” like Dave Ramsey and Suze Orman don’t understand the implications of using them. When done properly, 401k loans are a great alternative for high-interest debt. But don’t get carried away and treat your retirement savings like a piggy bank. It’s important to know all the facts and how they affect your unique financial situation before deciding to take a 401k loan.

What 7% Mortgage Rates Mean for Home Buyers

In today's higher-for-longer mortgage rates 📈, homebuyers are going to have to adjust their expectations to the new reality. Grieve the 3% era and move on. Homeownership 🏘 is still a great option for many as it stabilizes your biggest expense and builds equity. Think about creative ways to make homeownership possible:

Bloomberg Wealth: Investing Ideas Beyond Tech Stocks

Asking how much you should be saving for retirement is like asking what you should wear for dinner? That’ll depend on whether you’re having a romantic date with your significant other at a steakhouse or going solo to Taco Bell. Having a clear vision of what retirement looks like for you will help pinpoint your required savings rates. In the meantime, click below to read my general rules of thumb on this topic in the Financial FAQ section of the newsletter.

Why now is a great time to open a high-yield savings account, according to experts

A lot has changed since interest rates on savings accounts were this high more than 15 years ago, and mostly for the better. Now it’s easier to search which banks are offering the best rates and to transfer funds between banks. There’s no excuse why any of us shouldn’t be earning 5%+ on our savings. Click below to read my comments.

You Can Ignore Those Student Loans. Leniency Is Guaranteed For Now

Debt management involves a series of decisions to make. Should you prioritize paying off high-interest or lowest balance? Many times, that answer will depend on a household’s cash flow. With student loan payment restarting very soon, another variable has now been added to the analysis. Click below to read my comments on this.

How 14 Advisors Found the Right Client Niche: Advisors' Advice

Not all advisors offer cookie cutter financial planning to retirees. Some of us are very intentional about who we do the best work for and tailor our services specifically for them. To us, it’s not about money; it’s about the right mindset. Click below to find out why we chose our approach to financial planning.

Most Advisors Planned for Student Loan Payments, Despite Biden Plan

Good financial planning is always being ready for both the expected and, to the extent possible, the unexpected. We know that student loan forgiveness was not a given and were prepared for whatever decision came down. It’s now time to go with Plan B. Click below to read my comments.

Advisors take US debt downgrade in stride: ‘More to do with politics than economic stability’

Good long-term investing is all about not reacting to short-term noise that inundates our news cycle. In most cases, the market has already priced in much of the “breaking” news. The U.S. debt downgrade was a good example of this. Click below to read my comments on this.