The Impact of Inflation on The Consumer’s Buying Power

The Impact of Inflation

Inflation is a hot topic these days. The Federal Reserve Bank has said that it anticipates that the current elevated inflation levels will prove to be transitory — or not long-lasting. On the other hand, many in the financial community are afraid that we are headed into a longer period of high inflation. They are […]

The Impact Spending Can have on Your Retirement

The Impact Spending Can have on Your Retirement

Common financial advice about retiring often focuses on how much we should be saving in order to live comfortably once we stop working. You may have heard tips about how to save extra money for retirement, such as sticking to a budget, delaying impulse purchases and logging your spending. Saving is important, but the truth is that your spending […]

Planning for College for a Child or Grandchild

Planning for College for a Child or Grandchild It is no secret that paying for college is expensive, and the costs keep rising every year. Many parents and grandparents want to help as much as they can when it comes to easing the burden of higher education expenses for their children and grandchildren, and doing so can help their loved […]

A Look at Bonds

A bond is issued by governments, municipalities, and corporations to raise money and is essentially a loan from the buyer to the issuer of the bond. An investor who buys a bond is lending the issuer money for a period of time in exchange for interest paid periodically and then a repayment of the principal […]

A Look at Investment Risk

Investment Risk

All investments have some degree of risk, and whether it is individual stocks, mutual funds, exchange-traded funds, bonds or real estate, there is always the potential an investment can lose value. Generally speaking, the more risk associated with an investment, the higher the expected return for that investment will be. Many types of risk can […]

The Benefits of Dollar-Cost Averaging

Dollar cost averaging

Dollar-cost averaging (DCA) is a strategy that can help reduce the impact of volatility when investing in securities. Instead of making a lump sum investment, investors can use dollar-cost averaging to break up the investments into equal smaller amounts over a certain period. Utilizing dollar-cost averaging can help an investor pay a lower average price […]

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 […]