Markets have been picking up in their volatility as oil prices have plummeted and the Coronavirus has taken center stage. One of the more classic ways investors seek protection in portfolios is through the use of bonds. However, there are many ways to invest into bonds for your portfolio from ETFs, Mutual Funds, Individual Bonds, Closed Ended Funds and managed accounts just to name a few. Continue reading “Bond Laddering 101”
Providing some relief from the steep selloff yesterday, President Donald Trump hinted at a Payroll tax cut. The market responded opening strongly, subsiding mid-day and pushing to a strong close up 1,167 points for the DJIA. Continue reading “Dow Gains 1,100 pts Following “Tax Holiday” Talks..But Will It Be Enough?”
Oil is adding onto the coronavirus volatility with prices selling off in excess of 20% (largest since January 1991). Oil’s fall comes as a result to OPEC failing to strike a deal with its allies regarding production cuts. In reaction to the lack of a deal Saudi Arabia slashed prices, indicating that they would be looking to ramp up production and creating fear of an all-out price war that could ensue. Continue reading “Oil Takes Largest Slide Since 1991, Overall Market Futures Hover Around 5% decline”
Long gone are the days of the old-school broker. The one who cold-called and introduced them-self in a phone call you didn’t see coming. However, there are still some of these old practices that still stick around and create inefficient approaches to your wealth. Continue reading “Hearing “Buy This, Sell That”… Beware”
Wondering how to balance out retirement planning along with college savings goals? We will cover that as well as account types for college savings here!
Balancing Retirement and College Savings Goals
First, lets talk about the balancing act that we all have to consider when it comes to these two lofty goals. The average retirement is now averaging 30+ years due to advances in medicine and longevity. At the same time, the average 4 year degree has a tuition of $129,000! So how do we make sense of funding both of these goals and what should be considered? Continue reading “Retirement and College Savings Considerations”
In today’s post (and corresponding podcast episode) we talk to Joshua Zirilli, CPA about some of the retirement options available to small business owners and how they can be used to save on taxes. We want to make sure you read to the end because Joshua is going to explain a strategy to turbocharge your retirement savings that is unfamiliar to most people. Continue reading “Retirement Savings Tax Hacks & Small Business Retirement Savings Options”
Wealth may be a long term goal of many, but its the small habits that make or break your ability to achieve it.
Wealth: it can mean something different to each person that you speak with but in the context of financial wealth there are make-or-break habits that can often be overlooked. Today we will cover five bad habits that are killing your ability to become wealthy. Continue reading “5 Bad Habits That Kill Your Ability to Become Wealthy”
Thinking of hiring a Financial Advisor or looking to evaluate your current relationship? Here are 4 Questions you should ask NOW:
1: Are You A Fiduciary?
Asking an advisor if they are a Fiduciary will give you insight on if they allow any conflicts of interest to interfere with the advice you are getting. The Fiduciary standard will have your interests first as compared to the “know your client/best interest model” of a non-Fiduciary. In a “best interest” model you simply have to receive advice and investment recommendations that are appropriate for you but not necessarily best pricing, liquidity, etc. Continue reading “The 4 Questions to Ask Your Current (or perspective) Advisor”
Markets have been roaring in a historic bull run. The returns are welcomed by investors but fund managers may have begun re-positioning creating a jump in your taxes..
What Is the SECURE Act?
The SECURE act stands for Setting Every Community Up for Retirement Enhancement and was signed into law on December 20, 2019. The act focuses mainly on retirement legislation and has been argued to have been the largest piece of retirement legislation to have been passed in the last 13 years. However, within the act there are benefits for College Loan Payments in 529 educational savings accounts and an exemption for birth or adoption expenses from retirement accounts that previously hadn’t existed. Because of these changes it is important for you to be aware how they may impact you or your previous planning approaches to these financial goals. In this update we will explore what has changed and what action steps you should consider as an investor. Continue reading “SECURE Act: What you need to know”