If you’re like me, you’re probably being bombarded with all of the doom and gloom surrounding the recent market downturn. It’s tempting to think that the sky is falling and wait until better days to invest in your retirement accounts.
It’s important to remember that, as a younger investor, market downturns can present investing opportunities. During these times, you may be able to buy quality stocks at cheaper prices.
We say it all the time: You want to start thinking about your financial future as early as possible. But it can be difficult in your 20s, as you’re getting out of school, finding a job, and transitioning to being out on your own. It’s easy to set aside those early years when it comes to saving and investing, and, if that describes you, I completely understand.
Despite rising prices and tightened budgets, holiday spending remains as robust as ever. The average shopper plans to spend more than $1,000 on gifts this year, not to mention the additional costs of travel, hosting, and special events.
Let’s get this out of the way — my job is not to take a political position. I’m here to help you grow your family’s nest egg while doing my best to protect it from harm.
If you’re like me and my family, you’re going to have Democrats, Republicans, and the rest around your table this Thanksgiving. While many families avoid talking politics, the ramifications of the recent election will be on everybody’s mind. Over the last few weeks, our whole team has had conversations with clients and prospective families, and every one of them is concerned about the changes that may be coming with the new administration.
Hiring a financial advisor is a very personal choice that lots of people have made to help them achieve financial success. But often I hear, especially from younger folks, that they’re waiting for the right time to start working with an advisor. Usually that “right time” involves having a certain net worth that they feel would make financial advice beneficial.
As expected, the Federal Reserve announced last month that it is making its first interest rate cut, with all signs pointing to more in the near future. I’ve been writing about this for a while, and it should mean good news for those of you who are in the market for a new home or car or are simply looking to save a little money each month by refinancing a loan.
You already know that taking care of your body by working out, eating well, and getting good sleep is incredibly important for your physical and mental health. But what a lot of people don’t consider is that it can help improve your financial health as well, both in the short and long term.
If you’ve been following our team for a while, you know that we talk a lot about what you can do to work toward financial freedom. Today I want to switch gears and look at what might be holding you back from that goal.
Of all of life’s great milestones, maybe the most beautiful is having a child. My wife and I are expecting our newest next month, which will make it three girls under 4 years old.
As wonderful as these gifts are, they come with a price. According to recent studies, the average cost of raising a child from birth to 17 for a middle-class married couple has surpassed $300,000. That’s before factoring in a dime of college expenses.
One of the great things about my job is that I get to walk with clients through some of the biggest milestones of their lives, whether it’s getting married, having children, or retiring. We’re not just celebrating these achievements — we’re using the opportunities to dig in to how they affect the person’s finances and to help set them up for success moving forward.
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