COVID-19 is having a profound effect on household finances across the country.
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Now May Be The Time For A Financial Reassessment
We’re experiencing a period of upheaval in the world today, which has also had an impact on the economy and markets. Given the spike in volatility and uncertainty we’re seeing in the broader economy, it may be time to step back and carefully review your financial life. Take some time to assess where you stand…
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Does a Trust Fit into Your Estate Plan?
As a financial advisor, I help my clients navigate through many questions about estate planning. I encourage all of them to create a will stating how they want their property distributed in the event of their death. But I also recommend my clients consider another legal document, a trust. A trust may be a good…
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4 Steps to Follow If Confronted With An Unexpected Early Retirement
Early retirement is a concept that, at one point in your working life, may have seemed like a dream. Yet many Americans who have retired early have done so not by choice, but because of circumstances out of their control. For some people, it may be an injury or an accident that has short-circuited their…
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Is It Time To Move Money From Old Retirement Plans?
Over the course of their lifetime, the average American changes jobs 12 times and works for 5-7 different employers1. If this rings true for you, you may be among the millions of people who have started 401(k) or 403(b) plans with multiple companies over the years. If you have money sitting in those old workplace…
Read MoreIt May Be a Time For Tax Loss Harvesting
One possible upside to a down market comes in the form of a long-recognized strategy called tax loss harvesting. The concept took a backseat in the midst of an 11-year bull market, but it has jumped back into discussion now. Given the dramatic drop in investment markets in 2020, many investors may hold positions in…
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The Importance of An Emergency Fund
No one could have predicted with certainty how quickly the COVID-19 pandemic would change the lives of so many around the world. Fear of infection, stay-at-home orders and a rallying cry to help “flatten the curve” have drastically changed how people behave in their daily lives. In the face of so much uncertainty, the need…
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Keeping Up With Rising Healthcare Costs in Retirement
For most of us, the reality of growing older means that medial issues will likely become a more common concern. As a result, health care can become a prominent expense in retirement. Medicare typically serves as the foundation of your health insurance later in life as it starts at age 65. If you retire prior…
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Buy or Rent? That’s A Great Question.
Owning a home is an important life goal for many Americans. Yet buying a home is not always the best financial decision for everyone. In some life situations, renting is a more prudent choice. If you or your loved ones are contemplating the buy-or-rent decision, consider these questions to inform your next move. How likely…
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Add A To-Do to Your Spring-Cleaning List: Your Finances
When the warm weather finally hits, most of us get bit by the spring-cleaning bug. Our to-do lists often include cleaning out our garages, basements and closets. But this year, it might be time to add another section to the list: finances. Whether you just need to reorganize or do a thorough cleansing, this to-do…
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How To Approach Market Volatility If You Are In Retirement or Close To It
Retirement is an important milestone that often comes after years (or decades) of careful planning. But even the most seasoned planners couldn’t have foreseen the severe market selloff that happened in March in reaction to the COVID-19 pandemic. The abrupt end to the 10-year bull market surprised investors of all ages who are now wondering…
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Tips for Investing in a Bear Market
In mid-March, a fear-induced global sell-off triggered by the COVID-19 pandemic ended the longest bull market in U.S. history – leading us into our first bear market in 11 years. Bear markets are commonly defined as a decline of at least 20% from the market’s high point to the low during the selloff. If you…
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