Your 401(k) – Whose Money Is It Really?
401(k)s haven't always been around. It all started when Congress passed the Revenue Act of 1978, which include a provision in the tax code - section 401(k) that allowed taxpayers a break on deferred income. The code basically went unused until Ted...
Rebuilding Your Retirement Savings
The past several weeks have been surreal as our schedules, routines, and lives have been upended by the COVID-19 pandemic. Adding to the health scare, is economic uncertainty, with many losing 20% - 30% or more of retirement savings. The question now is exactly how do...
Financial Amnesia
There is no precedence for what we are all going through. There is no game plan to follow. The market has never seen this type of volatility. We are bracing for a global recession. We have a choice – we can crawl in a hole and pretend everything is...
Looking Out for One Another
We thought long and hard about our communication this week. Does anyone want to hear another thing about coronavirus? Does anyone really want to hear about how bad the market is and what they shoulda, woulda, coulda done? Do we have suggestions,...
What Is the Infinite Banking Concept?
"The problem in America isn't so much what people don't know; the problem is what people think they know that just ain’t so." Will Rogers Infinite Banking is the concept that was created by Nelson Nash and explained in his book, "Becoming Your Own Banker." The...
Because Relationships Matter
I ran across this blog that my partner, Cheryl Ashbaugh, wrote several years ago and wanted to share it with you. I hope that you find these words encouraging and inspirational. We all can benefit from better relationships; it’s really where everything...
Is Financial Stress Getting You Down?
According to PricewaterhouseCoopers (PwC’s 8th annual Employee Financial Wellness Survey PwC US, 2019), when U.S. employees were asked what caused them the most stress, more cited financial matters above any other life stressors combined. So what is driving this...
Are you Ready for the Bull Market to End?
It is not a matter of if, but when, because sooner or later, the Bull Market will end. Most people will not be ready for it, and sadly, many will be caught short. You may believe there is still room for the market to continue its upward movement, but are you willing...
‘Tis The Season for a Holiday Spending Plan
“By failing to plan, you are planning to fail” Benjamin Franklin Holidays are a great time to gather with family, have fun with friends, and experience the joys of the season. Unfortunately for many, it is also a time for overspending, bad financial decisions, poor...
Your Safe Deposit Box Isn’t That Safe
In the past, most families keep their most important documents in a safe deposit box at their local bank. Today banks are not even including safe deposit boxes in their new buildings, and the ones that still exist may not be as safe as you think. Every year hundreds...