Examining the Roth IRA

Roth IRA with Calculator

When planning for retirement, you have several options to consider when deciding which type of retirement account to fund. You may have the option of contributing to a defined contribution plan through an employer that includes a 401(k), and for those who do not have that option, an Individual Retirement Account (IRA) or Roth IRA […]

Planning for Retirement in Each Decade

Multi-Generational Family

Many people do not seriously consider planning for retirement until later in their careers, but it really is a topic everyone should begin tackling as early as possible. Everyone’s situation is unique, and for many, retirement will last 30 years or more and will make up a significant portion of their life. Below, we review […]

The Importance of Diversification in Investing

It may sound a bit cliché, but the adage “don’t put all your eggs in one basket” rings especially true when it comes to investing. In a perfect world, your investments would only increase in value day after day, month after month and year after year. In reality, there will likely be periods when some of your investments will underperform or even lose money, […]

Why the Federal Reserve is Keeping Interest Rates Low

On January 27, 2021, the Federal Reserve announced it was maintaining the target for its benchmark interest rate at 0 to .25% in a continuing effort to help prop up the U.S. economy in the wake of the coronavirus pandemic.(1) The Fed, which is the central bank of the United States, first lowered rates to this range in March of 2020 as the pandemic intensified, devastating communities and […]

Questions You Should Ask When Choosing a Financial Planner

Picking a Financial Planner

A financial planner can play a vital role in helping you reach your financial goals. Financial planners guide their clients in a variety of ways including retirement planning, wealth management and offering insight and advice on a range of topics. This can include basic budgeting, setting short-term and long-term financial goals, reviewing potential insurance needs and comprehensive financial planning. Here are some questions you should ask when selecting a financial planner to help ensure your choice best meets your […]

The Benefits of a Financial Plan

Benefits of a Financial Plan

No matter where you are in life, a financial plan can be a valuable tool in helping you reach your financial goals. Whether you want to buy a home, save for college for your children or grandchildren, or maintain your desired lifestyle throughout retirement, a financial plan can provide you with a detailed roadmap to meet your goals. Here are some of the many benefits of a financial plan.  Setting […]

Reaching Your Financial Goals

We all have goals we want to accomplish, and many of these goals require money. Finding a workable pathway to reaching your financial goals can seem like a daunting task, but with proper planning, commitment, and patience, you can put yourself in a great position to achieve those goals, whatever they may be. Here are a few tips to help you get started on the right path.  […]

Financial Recovery Tips from 2020 for 2021

It is very easy to put your goals on hold during a time of extreme uncertainty. However, this is an excellent time to reflect on and possibly even realign your financial goals from 2020 into 2021. If you lost your job or fell into an unexpected expense, you may be realizing how important an emergency […]

7 Different Ways to Benefit During Covid-19

Making wise financial decisions during the pandemic is crucial during this uncertain time. However, some people don’t know where to begin with their finances. Here are 7 tips on different ways to benefit during Covid-19:  

Financial Tips for Holiday Spending

The holiday season is in full swing, and while we all love giving gifts to our loved ones, the stresses of holiday shopping and spending can put a damper on this most wonderful time of year. With travel, gifts, decorations, food, charitable donations and other expenses, holiday spending can add up quickly. With that in mind, here are some tips to […]