A new year often means a fresh start! Reevaluating your financial needs, budget, and savings is also often done now. Building a budget or adjusting the one you already have is one step, as is looking honestly at any debt. Another important step is making sure that your emergency savings are secure, and that your insurance is not only up to date but still consistent with any circumstances that may have changed. We can help you sort through your financial documents and let you know of any options we think you might want to explore. Reach out to us. We’re

Over the past few weeks we’ve made posts regarding some of the things to think about when providing for your family’s future and protecting what you’ve worked for. As we enter the New Year, there are also strategies you can think about putting in place to pass on your legacy. Just as your life changes over time, so do tax laws and regulations. It’s important to review your beneficiary designations and life insurance policies to ensure everything is up-to-date and aligned with your goals. You don’t need to have purchased these products with us. We’re more than happy to discuss

A recent article in the Wall Street Journal states “Last April, economists thought inflation would be around 2.5% right now. Instead, it’s over 6%. Even by the forgiving standards of economic forecasting, that’s a miss of epic proportions.” So, what’s the cause of this increase, and what does it mean? Some blame President Biden and the Federal Reserve for administering too much stimulus, others blame pandemic-related bottlenecks and supply chains.  However, it’s becoming clear that neither supply nor demand is individually to blame. It’s a combination of both. This inflation was caused by strong demand interacting with restricted supply.  The

Do you know what FIRE is? FIRE, in financial terms, stands for “Financial Independence, Retire Early.” The goal of FIRE is to save or invest enough of your money that you can retire earlier than traditional retirement plans would permit. Essentially, you need to keep your expenses low so that you can afford to save over 50% of your income. While going to this extreme isn’t something all of us can commit to, applying some of the principles of FIRE could provide an income you can’t outlive. Additionally, it can do so within a relatively short time frame. Reach out

Many consumers have little understanding of the long-term problems that poor financial decisions can create. One of the key reasons that many Americans struggle with making the right decisions when saving and investing is a lack of financial understanding.  Financial literacy is becoming increasingly important as more and more people manage their own retirement accounts, trade personal assets online, or carry various types of debt such as student loans, medical bills, and credit card debt. Credit cards are being used much more frequently, after all. A recent article states that “In 2019, credit use accounted for 24% of payments, up

Most Americans haven’t saved enough for retirement. A recent article on Yahoo Money states “1 in 4 have no retirement savings.”  Clearly $0 in retirement savings is not enough, so just how much is “enough”? How do you know how much you should be saving in order to reach your retirement goal? How will inflation impact your retirement? What about Long Term Care? The final answer varies from person to person, but some universal rules apply. Call us if you’re interested in a no-cost, no-obligation appointment. We have a few ideas you might like. Inflation calculator: https://www.bls.gov/data/inflation_calculator.htm Read full Yahoo