Have you ever set a financial goal for yourself with the best of intentions, only to find yourself derailed after a few months? If so, you’re not alone. Just look at how many people start the New Year off with a brand-new gym membership, only to stop going after a few months. Let’s get back… Read More Investment Strategy: Setting Financial Goals
If you’ve found yourself struggling financially recently or worried about spending, one way to start saving right now is by cutting back on reoccurring expenses – like grocery costs. Food is, of course, a necessity. The problem is, it’s easy to spend more on groceries than you have to – especially if you’re purchasing without… Read More Budgeting: 7 Ways to Save on Groceries
In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it’s a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019.… Read More SECURE Act 2.0: An Overview
…and 403(b) Plans & 457 Plans First things first, a 401(k) is NOT an investment. It is a TYPE of qualified retirement account. You, as the participant of the company retirement plan, must choose HOW to invest your money within the 401(k) account. When you start a job at a mid-sized or larger private employer,… Read More The 401(k) Cheat Sheet…
Creating a budget is an important pillar of your overall financial success and security. Whether you are running a business or a household, it allows you to oversee and better understand whether you have enough money to pay your expenses. In today’s economic model, the individual is responsible for securing their own retirement, therefore it… Read More Personal Budgeting Software 2023
“It turns out my job was not to find great investments but to help create great investors,” writes Carl Richards, author of “The Behavior Gap.” From increasing our budget mindfulness to taking a steadier approach to investing, Richards has drawn attention to how our unexamined behaviors and emotions can be to our detriment when it… Read More Closing the Behavior Gap: Building a Bridge Between Investing & Financial Planning
Are you prepared for 2023? From soaring inflation and rising interest rates to the ongoing effects of the pandemic and war in Ukraine, we can expect the economic landscape to remain predictably unpredictable for the foreseeable future. And Mr. Market doesn’t like it when it’s foggy. While there’s not much we can do to influence the… Read More 2023 Financial Planning: Your Key To-Do List for the New Year
Homeownership is a big part of the American Dream. But buying, owning, and maintaining a place of your own may come with unexpected costs. Most people focus on the financial benefits of homeownership. Your monthly mortgage payment may be the equivalent of (or sometimes even less) than your rent. As you pay your loan, you… Read More 6 Hidden Costs of Home Ownership
Keith Weiss CFP® 