This blog is dedicated to providing financial advice that you can use. Although generic financial planning information abounds, this blog addresses concerns of professionals early in their careers and those nearing or at retirement. After over five years of providing personal financial planning services to a variety of clients in different situations, I have developed […]
Expert Advice Without the Sales Pitch
As a fee-only financial planner and CFP®, I provide independent, expert guidance to help young families and those nearing retirement plan for their financial future.
The recently enacted CARES Act provides relief for Federal student loan borrowers. It is good news for those enrolled in an income-driven repayment plan or in the Public Service Loan Forgiveness Program. The Act suspends most Federal student loan payments and interest accrual between March 13 and September 30, 2020. Principal balances are also frozen […]
The recently enacted CARES Act suspends the requirement that most retirement account owners take a distribution from their accounts for 2020. There are some exceptions, of course. And if you’ve taken an unwanted distribution, there are some opportunities to roll that money into another tax-deferred account. The suspensions generally apply to inherited IRAs. Unfortunately, an […]
Most investors would like to forget March 2020. Times of uncertainty and market stress, however, have reinforced three investing fundamentals. Remembering these fundamentals will help keep your investment goals on track. 1. Vast uncertainty causes dramatic and quick stock price movements. For the 12 months prior to March 2020, the US stock market, as measured […]
Place a free security freeze on your credit reports. Don’t be fooled by the credit bureaus attempts to sign up for credit lock. A credit lock is not free and provides the same protection as a security freeze.
Fidelity Investments recently launched four no-fee mutual funds to gain a competitive advantage against rivals Vanguard and Schwab. This move along with lowering existing index fund fees and eliminating minimum investment amounts go a long way to making investing easier and more affordable for investors. This blog explains how you can take advantage of these […]
You may be asking whether it is time to switch your asset accounts from Wells Fargo to another bank. For nearly two years federal and state authorities have been investigating the bank’s business practices and have uncovered disturbing trends. The first investigation uncovered the secret creation of millions of bank and credit card accounts without […]
The Department of Labor recently abandoned its fiduciary duty rule for retirement advisers. The Department was responding to a recent Court of Appeals decision overturning the rule completely. So what does this mean for you and your investments if you are working with (or plan to work with) an advisor? Make sure you know the […]
Price volatility – larger ups and downs – returned to the US stock market during the first quarter of 2018. These unpredictable and unexpected sizable movements can make investors wary. But they give some not-so-gentle reminders to do a few things: tune out the daily stock market noise understand the market doesn’t just move on […]
Congress recently enacted changes to the Thrift Savings Plan (TSP) that will give federal retirees flexibility to withdraw money from their accounts. These changes are helpful. But getting your TSP money will still not be as flexible as in the private sector. In the private section, IRA distributions can be made in different amounts, at […]
Savings opportunities abound for 2018 DC health plans despite premium increases from 2017. On average, premiums for health insurance in the individual market increased 15.4% from 2017. These increases, however, mask the variation in the rates among insurers and among plans. Some premiums will rise by 8.0% from 2017 while others will rise 25.2%. The increases […]