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Category: Financial Health

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Categorized as Financial Health, Retirement Savings

Navigating the Market Right Now [Video Interview]

Let’s face it. There’s a lot going on with the economy, the Fed, and the markets.  It doesn’t help that in this 24/7 newscycle world we live in that the media sensationalizes headlines that cause panic and fear in investors.  If you’re feeling doom and gloom or uneasy about your investments, it’s helpful to zoom… Continue reading Navigating the Market Right Now [Video Interview]

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Categorized as Financial Health

12 Tips for Dealing with Hidden School Costs

Back-to-school shopping is in full swing. Have you made space in your back-to-school shopping budget for hidden school costs? Recently, the following Facebook post went viral. According to the 2023 Deloitte back-to-school survey, parents are expected to spend $597 per child on back-to-school shopping.¹ One reason it is so expensive is that the prices of… Continue reading 12 Tips for Dealing with Hidden School Costs

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Categorized as Financial Health

How to Deal with Financial Stress of Taking Care of Kids and Parents

The financial stress of taking care of kids and parents should not be glossed over or ignored. Parents typically feel financial stress, with new reports suggesting it costs a middle-class family with two children $310,605 to raise children from birth to age 17.¹ This is generally broken down into the following percentages: 32% to housing… Continue reading How to Deal with Financial Stress of Taking Care of Kids and Parents

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Should You Talk to Kids about Money Problems? Yes. Here’s How.

Parents strive to protect their children, and this often means hiding family financial issues. But should you talk to kids about money problems? The answer is YES. Shielding them may actually be doing more harm than good.  Consider these results from two important studies: “In 2010, the American Psychological Association (APA) found that during the… Continue reading Should You Talk to Kids about Money Problems? Yes. Here’s How.

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Categorized as Financial Health, Retirement Savings, Retirement Tips

How RMD Changes Protect Your Retirement Savings

May 15, 2023 The original SECURE Act of 2019 extended the Required Minimum Distribution (RMDs) age from 70½ to 72 for retirement accounts. Now with the passing of the Omnibus Bill, SECURE Act 2.0 extends the RMD beginning date to age 73, starting in 2023. Not only does the new legislation push back the required… Continue reading How RMD Changes Protect Your Retirement Savings

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Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation May 1, 2023 In Financial Health Now is the time to plan and save for a family summer vacation. If you wait too much longer, you’ll be too late. This is because Americans are still feeling the need for pent-up “revenge” travel following the… Continue reading Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

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Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

The High Cost of Raiding Your 401(k)

April 17, 2023 401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement.  However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an… Continue reading The High Cost of Raiding Your 401(k)

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Categorized as Financial Health, Retirement Savings

The Banking Crisis: What Investors Need to Know [Video Explanation]

The Banking Crisis: What Investors Need to Know [Video Explanation] March 20, 2023 In Financial Health, Retirement Savings There’s a lot of concern about the banking industry following the collapse of the Silicon Valley Bank (SVB).  So what happened and how does this affect the average 401(k) investor? Keep reading to find out.  What Happened… Continue reading The Banking Crisis: What Investors Need to Know [Video Explanation]