A Crash Course in Treasury Securities
Ever wondered what treasury securities are? What about the difference between a treasury note, a treasury bond, and a treasury bill? Let’s uncover what these securities are so that you can have a sense of how they function and how they work for an investor. What Are Treasury Securities Used For? Treasury securities are basically […]
Can You Save Too Much For Retirement?
We spend a lot of time talking about how to save enough for retirement, but is there such a thing as saving too much? Some experts say that retirees will need 70-80% of their pre-retirement income to sustain a comfortable lifestyle, but recent studies show that many retirees are spending significantly less than these benchmarks.
What’s the True Value of Financial Guidance?
If you’ve done any searching on the internet, you’ve probably seen the advice to minimize your financial planning and retirement fees as much as possible. Many outlets for financial explanations and information recommend paying as little as possible to maintain your accounts. In general, many sources recommend a passive, uninvolved investment strategy that minimizes all […]
How to Avoid Large Tax Surprises
Certain moments in our financial lives can and will trigger tax events so we want to make sure you’re mindful of them, explain what they are, and share some ways to stay ahead of these tax surprises.
Myths Of The Retirement Number
If you’ve ever felt overwhelmed or intimidated by the idea of a fixed retirement number, advertised by some financial institutions, you’re not alone. In this episode, Scott debunks the retirement number myth, explaining that your retirement number is not just a single, daunting figure, but instead a combination of different income streams that work together.
What to Consider If You Think You’re Asset-Rich but Cash-Poor
There’s a chance that an individual may find themselves in a circumstance where they possess significant wealth in their house but lack sufficient cash in their bank account. Over the years, as you’ve been paying off your mortgage, the equity in your property might have accumulated greatly. But having substantial home equity doesn’t necessarily equate […]
The Impact of an Unstable Bank Industry on Your Retirement
In the past few months, three significant banking failures have occurred: Silicon Valley Bank (SBV), Signature Bank, and First Republic Bank.[1] This has generally resulted in concerns about a looming major recession. Numerous bank failures also initiated the 2008 financial crisis, causing experts to closely monitor the current market. The primary worry is that faith […]
Struggling to Save? You Might Not Be Alone
The current rate of monthly savings across America is currently at 4.6%. This means that most Americans are saving about 4.6% of their monthly income. This number is unusual as the average amount is almost double that number at 8%. Also, in June, this number dipped to a 15-year low of 2.7%.[1] Economists are noting […]
What to Know About Digital Money and a “Digital Dollar”
Cash is something used less and less as the years go by. Now that people can pay for things using credit cards and even their phones at the store, there is less of a need for paper money. With online shopping, all you have to do is punch a few numbers and your money can […]
Generation X Retirement Planning: Maximizing 401ks, IRAs, and Securing Your Financial Future
Attention fellow Gen X’ers: are you taking full advantage of your 401(k)s and IRAs? Did you know that contribution limits change once you hit the age of 50? In today’s episode, we’re shining the spotlight on retirement planning specifically for Generation X – those born between 1965 and 1980. We’ll be sharing crucial tips on making sure you’re not leaving any money on the table by fully utilizing contribution limits and understanding how employer-matching contributions work.
