Here’s a sobering statistic. According to the Social Security Administration, a 20-year-old has a more than one-in-four chance of becoming disabled before reaching retirement. Surprising, huh? Unfortunately, facing a disability and loss of income is more common than...
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How to Successfully Live Within Your Means & Reach Your Financial Goals
You’ve probably heard the old adage, “live within your means.” But what does that entail? In the most simplistic terms, living within your means involves spending less money than you earn. Ideally, this allows you to invest more money and reach your financial goals...
The Boring Part of Finance That Will Build Your Wealth
Benjamin Franklin once said, “Money makes money. And the money that money makes, makes money.” That’s compound interest in a nutshell. Now, before your eyes glaze over, hear me out. This is one financial concept you don’t want to ignore. Understanding compound...
Our Clients Are Rolling Over Their Old 401ks Into IRA’s. Here’s Why.
You left your last job, and you’re about to tackle new challenges at a new company. As you pack up your desk and get settled in a new role, you may be wondering what happens to your old company-sponsored 401(k). Well, you could let the money just sit there. Or you...
What Type of Investment Account Is Best for My Kids?
If you’re a parent, you want the best for your children. There’s never an exception to that desire - even when it comes to the type of investment account you should use to help them secure their own financial futures. The fact that you want to choose the optimal...
What to Consider Before Going from a Dual Income Household to a Single Income
We work with many clients who have a dual income household. They’re usually married and both spouses are professionals in demanding fields, and often, they also have children. Undoubtedly, at some point or another, these clients face an important question: should they...
Is Now the Time to Buy the House You’ve Been Saving For?
Thinking about buying a home? You’re not alone. The National Association of Realtors reports that in July 2020, sales of existing homes were up 24.7% over the previous month. Meanwhile, the construction industry is booming as new homes are being built at a rapid pace...
Is a Credit Union Right for You?
In an effort to continue to bring you valuable insights, this month's guest post is from Ted Goldwyn, who is a great resource for questions related to banking, credit unions and financial services. Ted Goldwyn is the founder of Ted Goldwyn Writing, a marketing and...
What’s the Best Way to Manage an Inheritance or Other Lump Sum of Money?
It’s never easy to lose a family member or loved one. The emotional toll this can take on you is significant. If that person left you an inheritance, the situation can become even more difficult to deal with. Having someone you love pass away and leave you a lump sum...