4 Top Money Boundaries To Set With Your College-Bound Teen

2021-07-31T01:21:40+00:00August 1, 2021|Blog, College Planning, Family Financial Information, Financial Roadblocks|

As a parent of a college-bound teenager, you likely have a lot on your mind. How will they adjust to campus life? Will they find something they are passionate about? How much will it all cost? College doesn’t come cheap, and it isn’t just the University bill you have to worry about. You certainly want to avoid college credit cards gone wild. While you can’t be there at checkout with them, you could do something [...]

401(k) Action Steps To Take Now In Order To Take Charge of Your Financial Life

2017-03-29T18:30:18+00:00March 29, 2017|Blog, Investments|

Research shows the average American employee switches jobs 11 times before retiring. Job changes mean many Americans have old 401(k) plans that may not be allocated properly to help to prepare them for retirement. Every time you change jobs, you need to make some choices about what to do with your old 401(k) so that it keeps up with your financial needs. Generally, you have four basic options with any 401(k): • You can leave [...]

How Elections May Affect the U.S. Economy

2016-10-20T14:20:12+00:00October 20, 2016|Blog, Investments|

The 2016 presidential election has been a roller coaster unlike any in recent memory. Amidst the drama, you might be wondering how the outcome will affect the economy and your financial future. You’re not alone. In a recent Bankrate poll, 61% of Americans said they think the election is the greatest threat to our economy over the next six months. That number is more than double the number of people concerned about terrorism, struggling overseas [...]

How much do you need to retire?

2014-11-03T01:22:06+00:00November 3, 2014|Blog, Retirement|

Retirement Planning – Have you taken the steps to plan for retirement (and I don’t mean just contributing to your 401k)?  In other words, are you on-track to retire when you want?  And will you have enough money to make it through retirement?  You’d be surprised at how many people don’t really know the answers to those questions.  You may have an idea, but do you really feel confident about your answer?  For starters, a [...]

August Market Commentary – Kansas City Financial Planner

2014-08-12T14:16:06+00:00August 12, 2014|Market Commentary|

When the Dow drops 300+ points in a day as it did to end the month, it’s not uncommon to experience some anxiety. However, the recent sell-off still hasn’t qualified as even a 5% correction; and while we continue to monitor the evolving conflicts overseas (Ukraine, Iraq, Israel, etc.), the most recent economic reports continue to show the US economy as remaining firmly in growth mode. Data from the Institute for Supply Management (ISM) for [...]

Weekly Market Recap – November 22, 2013

2013-11-22T15:58:34+00:00November 22, 2013|Market Commentary|

U.S. equity markets have paired the losses they sustained earlier in the week, as data showed weekly jobless claims fell to their lowest level since September and optimism flowed from ongoing fiscal negotiations in Washington. The S&P 500 ended the week above 1,800 points and the Dow average has climbed above 16,000 for the first time ever. The macroeconomic data out this week confirms a gradual improvement in the pace of the recovery, as the [...]

Don’t Overspend This Holiday Season! Here’s How…

2013-11-21T19:17:15+00:00November 21, 2013|Blog|

I took my two-year old daughter, Lexi, to Trader Joe's yesterday to buy two turkeys. Over the past couple years I’ve picked up the hobby of smoking meat, so I’m going to try smoking a turkey for the first time, and just in case something goes wrong, I'm going to fry the other one.  If you've never gone to buy a turkey at Trader Joe's – do it, and take a child with you.  Lexi [...]

Yikes: Private College Tuition for 2013 Babies

2013-11-19T20:00:48+00:00November 19, 2013|Blog, Family Financial Information|

Did you have a baby this year? We did! Check out these staggering numbers: A child born in 2013 that begins kindergarten in the fall of 2018 would attend college between the years of 2031 and 2035.  If that child attended an average private 4-year college and if the annual price increases for private colleges experienced over the last 30 years (+5.7% per year) continued into the future, the aggregate 4-year cost of the child’s [...]

October Market Commentary

2013-10-16T23:16:06+00:00October 16, 2013|Market Commentary|

The 3rd quarter ended with the global markets – both equities and fixed income – experiencing gains. The news has been dominated lately by the government shutdown and debt ceiling headlines. Even though the political jabs, finger pointing and the like make for good theater, the chart below, at least, tells us what will happen with the debt ceiling debate – as I’m writing this commentary, Congress has still not passed a bill that reopens [...]

Market Commentary: Fed Stimulus Coming to an End?

2013-06-12T23:59:28+00:00June 12, 2013|Market Commentary|

With the rising stock market, we are seeing rising interest rates as the 10-year US Treasury note has moved from 1.64% in the beginning of May, to 2.15% at the end of May. It is important to keep the inverse relationship between the value of bonds and interest rates in mind. This means that as interest rates rise, the value of bonds fall. Accordingly, in the last few weeks we have seen the values in [...]

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