When the pandemic hit the U.S. earlier this year, many worried that the housing market would be drastically affected. After all, millions of Americans have been laid off since the outbreak of the virus and many businesses shuttered after stay-at-home orders were put...
Have you ever read a book or magazine profile about someone wealthy and felt a little jealous? Or maybe you’ve felt envious of a social media influencer or “self-made” entrepreneur talking about their latest trip to Bali or their private chef. Envy, disillusionment,...
The COVID-19 pandemic has taken a toll on the United States economy. In June 2020, the Bureau of Labor and Statistics reported that over 40 million people had been unable to work in the previous four weeks. After younger workers (25 to 34 years of age), Americans aged...
We’re halfway into 2020 and the coronavirus pandemic has undeniably changed our lives. As we adjust to our “new normal,” it’s easy to focus on those changes. But it’s important to think about the bigger picture, too. What does your career look like now, and what will...
Imagine you’ve had a retirement plan in the works for years, even decades. You’re ready to retire in 2020… and then, something completely unexpected happens. A global pandemic. There’s no denying that COVID-19 has changed our lives. For those nearing retirement age...
Whether your child is starting college virtually or going on campus this fall, you may be thinking of giving them a credit card to cover their expenses. But what if they don’t have any credit history yet? What are your options for helping your child build credit?...
While Hannah Moore, CFP®, is the owner and lead advisor here at Guiding Wealth, she is also highly involved in her chosen profession. She is the leader of next generation program creation for the Financial Planning Association, and recently launched their first-ever...
Many retirees launch second careers, also called bridge jobs, when they reach retirement. In 2019, a survey found that almost 40% of those who retire were going back to work. Some launched second careers because their retirement was not what they expected. Many...
The term “estate planning” sometimes leads people to believe that it’s only about passing wealth down to the next generations. If you don’t have children, you may think that estate planning isn’t necessary. However, neither is true. Your estate doesn’t mean “wealth.”...
Housing costs and general cost of living vary from state to state, but the average retiree spends about $16,700 per year on housing alone, as of 2019. That includes mortgage or rent payments, insurance, property taxes, and maintenance and repairs, but not utility...
