The Social Security Administration Announced 2023 COLA Updates. How Does It Impact You?

2022-11-02T01:25:05+00:00November 15, 2022|Blog, Retirement, Trending Topics|

On Thursday, October 13, 2022, the Social Security Administration (SSA) released important updates for 2023, including cost-of-living adjustments (COLA) for retirees, changes to Medicare premiums, and retiree earning limits.  Are you wondering how these adjustments affect your wallet? Let’s dive into what you need to know about the critical changes ahead. 1.  Thanks To COLA, SSA Benefits Are Increasing The adjustments stem from the 2023 Social Security Administration Cost-of-Living Adjustment (COLA). COLA aims to ensure [...]

7 Tips to Help You Spend Intentionally This Holiday Season

2022-11-02T01:24:57+00:00November 8, 2022|Blog, Holiday|

Does your checkbook have a case of the holiday blues? High inflation rates and stagnant wages can make for an anxiety-inducing holiday season.  But don’t let these figures scare you—a joyful holiday season doesn’t revolve around your bank account.  From sipping hot cocoa by the fire to playing card games after dinner, life brings thousands of opportunities for connection. And most of them don’t require lavish gifts or expensive trinkets.  Ready to add joy back [...]

What You Need To Know Before Loaning Money To Family and Friends

2022-11-02T01:25:12+00:00November 1, 2022|Blog, Family Financial Information|

Close relationships can affect your financial decisions, and sometimes, not for the better. A Bankrate survey found that nearly half of people who helped a loved one financially experienced a “bad” outcome—lost money, a damaged credit score, or harmed relationship.  But does mixing family and money have to be so incompatible? Not if you plan accordingly! Perhaps the best way to protect your financial situation and relationships is with ample thought, consideration, and preparation concerning [...]

Stop That Thief! 4 Ways to Prevent Identity Theft

2022-10-05T13:17:59+00:00October 15, 2022|Blog, Financial Roadblocks|

Is your idea of a “bad guy” stuck in the script of a horror movie?  Scary masks, dark corners, and thunderstorms make for a great spooky story, but what happens when the “bad guys” hide in plain sight?  The growth of the internet, online shopping, social media, etc., has made it easier for scammers, hackers, and identity thieves to wreak havoc.  Just think about how many sites you put your credit card into daily! Suppose [...]

What’s a 529 Plan and How Does It Work?

2022-10-04T00:00:53+00:00October 8, 2022|Blog, College Planning|

Are future college expenses weighing on your mind?  If so, that makes sense because, according to the Education Data Initiative, the cost of a college degree has more than doubled during the 21st century.  But wait, there’s more:  The average cost of college in the U.S. is $35,551 The cost of college has an annual growth rate of 6.8%  The cost of a bachelor’s degree can exceed $500,000 With skyrocketing education costs, planning for your [...]

3 Elections You Really Don’t Want to Miss This Open Enrollment Season

2022-10-04T00:01:01+00:00October 3, 2022|Blog, Insurance|

Are you prepared for this year’s open enrollment season?  Open enrollment is a period when you can elect or change your workplace benefit options, like medical insurance, life insurance, and other job perks, like student loan repayment, legal services, pet insurance, etc.  But while these benefits can offer significant financial and wellness benefits, not many people understand what their employer actually provides. A Voya study found that 35% of people were confused about their company [...]

4 Things You Can Do With Your 401k When You Leave a Job

2022-09-01T20:01:27+00:00September 15, 2022|Blog, Investments|

The average person will hold 12 jobs in their lifetime. Gone are the days of spending your entire professional life with the same company.  Each time you change jobs, there is more to consider behind the scenes than just the new role. Mainly your retirement account!  An estimated 2.8 million 401k accounts with an average balance of $55,400 are abandoned annually. Don’t leave your hard-earned savings in the dust with your previous employer.  Before you [...]

6 Ways To Use Market Psychology For Good Not Evil

2022-10-03T17:54:31+00:00August 15, 2022|Blog, Financial Planning Psychology, Investments|

Our financial market is in a volatile state. Stocks are down, inflation is sky high, interest rates are increasing, and faith in the market is dwindling. When financial instability becomes mainstream, many people’s thoughts and attitudes toward their money follow suit. This phenomenon is known as market psychology, and market psychology represents the overall sentiment investors carry toward the stock market at any given time.  And right now, it’s not all that pretty. Market psychology [...]

4 Investment Mistakes Women Want to Avoid On Their Wealth-Building Journey

2022-08-09T20:43:12+00:00July 29, 2022|Blog, Investments|

Facts are facts, and the facts say that women are awesome investors.  Recent data from Fidelity discovered that when women invest, they tend to outperform their male counterparts by 40 basis points (0.4%). Couple that with data from McKinsey, which estimates that women will control a significant portion of the $30 trillion wealth transfer from the baby boomer generation, and the future of money is looking female. But for all of these “wins,” there will [...]

10 Expenses Homebuyers Forget About

2022-06-01T19:46:33+00:00June 22, 2022|Blog, Family Financial Information, Real Estate|

Buying a house is an exciting journey, but it can also be stressful (and costly), especially if you walk into the process unprepared, something far too many people do. In fact, over a third of home buyers said they underestimated the total costs of homeownership.   Sure, the price tag may be the biggest cost up-front—but the sale’s price is just one expense homebuyers must consider. Beyond mortgage and insurance, there are additional costs all new [...]

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