Tag: money-management
-
Tax Season Reminder – April 15 Deadline
Tax Day is almost here! A friendly reminder that April 15, 2025 is the deadline for filing your 2024 tax return (or filing for an extension). It’s also the last day to take care of certain tax-related tasks that can benefit your financial plan. Here are a few quick points to keep in mind as…
-
Current Inflation Data – Costs on the Rise (But Slowing)
Inflation has been a hot topic over the past couple of years, and we want to update you on where things stand now. The latest data show that inflation is still present but has been gradually cooling off. In February, the annual inflation rate in the U.S. was 2.8%, which is a slight dip from…
-
Tariffs Going Into Effect April 2 – What to Know
You may have heard that a new set of tariffs is scheduled to go into effect on April 2. These tariffs are essentially taxes on certain imported goods as part of ongoing trade policy changes. Let’s break down what this means in plain English: •What are the tariffs and why now? These new tariffs are…
-
Recent Market Pullback – Stay the Course
By now you’ve probably seen headlines about the recent pullback in the stock market. Yes, U.S. stocks have slid off their highs over the past few weeks amid trade war news and recession worries. In fact, many large tech companies have seen significant declines (the top 7 tech giants collectively lost nearly $2 trillion in…
-
Internet vs. Financial Planner: The Real Value of Personalized Financial Advice
With the rise of financial influencers (or “finfluencers”) and easily accessible advice on platforms like TikTok, Instagram, and YouTube, people are turning to social media and the internet for quick money tips. While these platforms can offer helpful information, they also come with risks. When it comes to building a financial future, there’s a significant…
-
5 Common Financial Mistakes Families Make (And How to Avoid Them)
Families work hard to build a stable life, but navigating financial decisions can be overwhelming. Unfortunately, even small missteps can have long-term consequences. The good news? With the right planning, these mistakes are entirely avoidable. Let’s dive into five common financial pitfalls and how you can steer clear of them. 1. Relying Too Heavily on…
-
Financial Planning for Gen X: Addressing Your Challenges
Generation X, born between 1965 and 1980, is often called the “sandwich generation.” You’re possibly balancing careers, raising children, caring for aging parents, and trying to prepare for your own retirement—all while maybe facing personal financial challenges. If you’re a Gen Xer, you’re likely asking yourself: This post dives into these concerns and offers actionable…
-
Navigating Year-End Market Trends: What We Think Investors Can Expect and How to Prepare for the Remainder of 2024
As 2024 concludes, investors should monitor trends such as stabilizing inflation, a resilient job market, and growing interest in ESG investments. Key strategies include rebalancing portfolios, focusing on long-term goals, and diversifying across asset classes. Staying informed and consulting a financial planner can enhance decision-making in a fluctuating market.
-
How the Fed’s Interest Rate Cuts Affect Long-Term Savings
Recently, the Federal Reserve (Fed) cut its benchmark interest rate, a move that could have several implications for long-term savings strategies. As interest rates fall, there are both potential benefits and challenges to consider, especially for those planning for retirement or managing their savings portfolios. The Immediate Impact on Savings Accounts and CDs One of…
-
Mastering Budgeting: Understanding the 50/30/20 Rule
Budgeting can be the foundation of your financial success. It helps you take control of your spending, prepare for the future, and manage unexpected financial challenges. One popular and straightforward strategy is the 50/30/20 rule, which can serve as a guide for balancing your needs, wants, and savings. What is the 50/30/20 Rule? The 50/30/20…
