Investing success relies more on patience and discipline than return on investment. It can also require pain and sacrifice. Yet, many focus so intently on potential returns and trying to predict the future. Instead, focus on what you can control. The biggest risk to investing success is our own behavior. Behavioral Finance Defined Behavioral finance is the […]
With just days remaining in 2022, SECURE Act 2.0 is here. If there’s any constant in retirement planning, it’s change. As soon as you make financial plans based on current laws, they change. It’s like deja vu all over again. The first SECURE Act became law in the final days of 2019. The Setting Every […]
Diversification is an important principle that prudent investors and advisors adhere to. It is best explained by the expression “don’t keep all of your eggs in one basket.” If XYZ stock is the basket you put all your eggs into and it goes haywire, all your eggs are gone. And that isn’t good. Diversifying requires an investment […]
We hear a lot about the need for diversification when talking about our investments. You know the expression “don’t put all your eggs in one basket.” In the investment world this most often refers to the idea that you shouldn’t put all of your investment in one stock. But what about taxes when planning for […]
Inflation is the increase in prices for goods and services during a period. It is measured by the Bureau of Labor Statistics (BLS) and reflected in the Consumer Price Index or CPI. In the U.S., average inflation rates were 3.27% between 1897 and 2022. Moderate inflation has existed throughout the natural economy of over 100 […]
Bitcoin and cryptocurrencies are receiving significant attention lately. The collapse of FTX and arrest of former CEO, Sam Bankman-Fried, has raised concerns about the safety of invested funds. In addition, the latest Bitcoin price is $16,914.10 as of 12/11/2022. That is down from $64,400 roughly a year before. It’s one thing to experience a significant […]
The American Rescue Plan Act of 2021 (Covid Relief Bill) is now the law of the land. President Biden signed the bill into law on Thursday, March 11, 2021. The United States House of Representatives passed the bill after the Senate made changes to the original bill. Congress passed The American Rescue Plan Act of […]
HSA plans, short for Health Savings Account, should not be ignored. These were created in 2003 to provide special tax treatment for those with high deductible health plans. Let’s face it, health insurance premiums and medical expenses are through the roof! However, not everyone is eligible for a Health Savings Account. If you are, you […]
The coronavirus stimulus plan known as the “CARES Act” is here and it’s huge. It passed in the Senate 96-0, was approved in the House, and signed by the President. The cost of the plan is over $2 trillion. That’s in addition to what the Federal Reserve is doing via monetary policy. To put that […]
Mutual fund share classes can often be confusing for investors looking to save for retirement. Understanding how they work is key to making smart investing decisions. If you’re socking money away in a retirement account, the odds are you’re investing in mutual funds. Mutual funds allow investors to pool their money together and receive professional […]
