Don’t Forget the Tried-and-True Value of Compounding Interest

If you forgot what compounding interest was, let’s refresh. Compounding interest is the process by which the interest earned on an investment is reinvested so that the initial investment grows over time. It may not seem like it, but compounding returns is a powerful tool that can significantly increase the value of an investment over [...]

By |2023-01-30T13:19:18+00:00January 30th, 2023|Financial Planning, Investing|0 Comments

Be the Financial Compass for Future Generations

Building towards retirement, you have made many financial decisions. Perhaps you maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that can now be passed on to your kids and grandchildren. [...]

By |2023-01-17T13:02:11+00:00January 17th, 2023|Financial Planning|0 Comments

3 Factors to Know for Rising Interest Rate Conditions

The 2022 economy has broken multiple records, first, with the highest inflation rate in 40 years, and now, the highest federal reserve interest rates since 2008.[1] In efforts to curb raging inflation, the US Federal Reserve has raised interest rates six times in 2022, reaching a target of 3.75% in November.[2] This rise in the [...]

By |2022-12-13T17:44:40+00:00December 13th, 2022|Economy, Financial Planning, Investing|0 Comments

The Value of Opening a Roth IRA at the End of the Year

These days, retirement planning will likely involve Individual Retirement Accounts in one way or another. Whether you’re looking to roll over a 401(k), optimize your withdrawal timing, or take advantage of catch-up contributions, your IRA strategy may be one of the main components of your income strategy. So, let’s talk about the Roth IRA and [...]

By |2022-12-07T16:20:48+00:00November 28th, 2022|Financial Planning, Retirement Income, Retirement Planning|0 Comments

Thinking About Retirement? The Basics of Financial Literacy Are Your North Star

Working towards retirement, you may have a detailed plan on how to manage your finances so that you have enough saved by the time you leave the workforce. With no external income coming in, there will be a new rulebook on how to manage your retirement earnings, expenses, and investments – not just so that [...]

By |2022-12-07T16:20:57+00:00November 21st, 2022|Financial Planning, Retirement Planning|0 Comments

Inflation Presents Unique Risks – Know How You’ll Respond

If your weekly grocery bill is noticeably higher or you can’t believe how expensive gas is, you’re not alone. Inflation is at 40-year highs, and a recent poll found that 52% of Americans said the most important issue facing the country is inflation. It’s significant that so many Americans recognized inflation as a major threat [...]

By |2022-07-11T22:28:56+00:00June 29th, 2022|Financial Planning, Retirement Income, Retirement Planning|Comments Off on Inflation Presents Unique Risks – Know How You’ll Respond