Rising Interest Rates: The Pros and Cons for Retirees
Recent financial news pages are full of stories about rising interest rates. At the end of July, the Federal Reserve announced a 0.75-percentage-point hike in interest rates. This was the latest in a series of rate increases that started in March 2022. The Fed has...
Managing Your Finances When You’re Supporting Multiple Family Members
The so-called Sandwich Generation (adults supporting their aging parent(s) and their own children) is growing. In 2018, statistics showed that 12% of adults with a child living at home also provided unpaid care for an adult. And a recent survey showed that the...
Are You Making Financial Decisions Based on a Past Version of Yourself?
Before you make your next financial decision, take a minute to ask yourself, “Is this what I really want right now?” The right now part of the question is the key. Chances are your answer today is different than it would have been a few years ago, but that’s exactly...
Why Now Is the Perfect Time to Talk to Your Kids About Money
Are you teaching your children about finances? Do your kids know how you feel about money and what your spending and saving priorities are? If not, this is the perfect time to start a conversation with them. Everyone has their own unique money story that’s largely...
Worried About Your Money in This Economy? You Need a Financial Plan
Are you worried about the economy and how it affects your finances? You’re not alone. We’ve officially dropped into a bear market, inflation is skyrocketing, and it seems like the only consistent part of the economy is that it keeps getting worse. When you’re...
What to Know About the Market Drop
Recently, the news has been full of bleak stories about the economy. Inflation is at record highs, the housing market is crazy, stock values are dropping, and there’s no end in sight. If you have wealth tied up in the stock market, reading these stories is...
When Planning for Your Financial Future, You Need a Vision
When you’re making financial decisions, what do you base your choices on? How do you know whether your current budgeting and saving practices are enough for retirement? Without a clear vision of the future, you can’t really know if you’re making the right choices with...
Saving vs. Spending Money in Retirement: How to Change Your Perspective
The transition to retirement can be an overwhelming experience; it often takes a while to get out of that work mindset and decide how to structure your days now that you aren’t spending them at the office. Many people find the financial transition to be challenging as...
Unconventional Retirement Planning Advice: Enjoy the Moment
A lot of traditional retirement planning advice is all about the future. The goal is to save as much as possible, maximize your retirement contributions, and find an investment strategy that offers the right combination of risk and reward. While each of these things...
The Importance of Health Savings Accounts in Financial Planning
There are many elements to consider when developing a financial plan; along with figuring out a budget that accounts for your income and expenses, it’s good to think about investments. Most people automatically think about a 401(k) or the stock market when they’re...
Want Better Financial Outcomes? Change Your Perception of Money
“How much money is enough?” It’s something we hear all the time from our clients. And while this is certainly an understandable question, we don’t think it’s the right one. Asking how much is enough assumes that there are defined, objective values for what is a “lot”...
In This Housing Market, Should You Rent or Buy?
We’ve seen a lot of news recently about the housing market in Texas and throughout the country. Low interest rates, inflation, and a surge in telecommuting have fueled a buying frenzy and driven housing costs sky-high. It’s a great time to be a seller, but many buyers...