Market Volatility and Your Retirement Investing Strategy
Posted by Aaron Everdyke on Fri, 09/08/2017 - 13:07
Fluctuations in your 401(k) or workplace retirement savings account can stir up negative emotions, making you want to hit the panic button. But in turbulent times, it’s more important than ever to remain calm and stay on course toward your long-term retirement savings goals.
401k Loan Pitfalls
Posted by Michael Allen on Fri, 09/08/2017 - 13:06
Taking a loan from your 401(k) can be tempting, but here are a few things to consider before taking one out.
What is Wealth?
Posted by Aaron Everdyke on Fri, 09/08/2017 - 13:05
What makes someone wealthy? According to the Schwab Modern Wealth Survey almost half of Americans believe being wealthy is being able to spend money on experiences and things. Which makes sense; a nice car, house, watch and/or clothes are easy to notice. On the other hand, asking a friend or colleague to see their bank account or 401k might be a little awkward and intrusive. Then again it might make for a great sociology experiment. In that same survey only 27% people believe having a lot of money made someone wealthy.
Rental Car Insurance
Posted by Michael Allen on Fri, 09/08/2017 - 13:04
Every time you rent a car on a trip the friendly person at the desk asks if you would like to purchase insurance through them for your rental.
Posted by Aaron Everdyke on Fri, 09/08/2017 - 13:04
As some of you may know Aaron is our resident baseball fanatic. Earlier this month baseball celebrated a fictitious holiday, Bobby Bonilla day. Bobby Bonilla day is where baseball fans recognize the annual payment of $1,193,248.20 to Bonilla from the Mets. If you’re confused on what this means, or why it matters read on.
Food for Thought
Posted by Michael Allen on Fri, 09/08/2017 - 13:03
As financial planners we spend a lot of time looking at portfolio returns. One of the most important things we can do when analyzing these returns is to maintain perspective. This means keeping in mind how long-term averages and goals are achieved and reminding ourselves what accomplishing these return goals can look like over short periods of time.
Protect Yourself from Identity Theft
Posted by Aaron Everdyke on Mon, 07/10/2017 - 14:29
You may be like most people. You believe that identity theft could never happen to you. Then, one day, you go to the mailbox, open your monthly credit card statement, and see a host of charges made to your account in a country you’ve never dreamed of visiting. That’s a type of identity theft, and you’ve become one of the millions of its victims in the U.S. every year.
What can you do to protect yourself?
Flexible College Savings
Posted by Michael Allen on Mon, 07/10/2017 - 14:16
529’s are the vehicle of choice for college savings. Your money grows tax free and distributions for college are tax free.
That’s great when things are straight forward. Most questions around these plans come from the land of “What if?” and that’s actually where 529’s may be a bit more forgiving than you think.
Becoming a REAL pain
Posted by Aaron Everdyke on Mon, 07/10/2017 - 12:47
Last November we wrote an article about the REAL ID Act and the effect it would have on some US citizens but primarily Pennsylvania residents.
Is That Really Necessary?
Posted by Aaron Everdyke on Mon, 07/10/2017 - 12:46
This week marked the conclusion of two major sports seasons and neither championship had a shortage of truly ridiculous acts. Our very own Pittsburgh Penguins won their second consecutive Stanley Cup on Sunday night, much to the chagrin of Predator fans everywhere. Attempting to derail the former champs, Preds fans tried to cast some bad juju by throwing catfish at people. If that wasn’t enough lunacy, the average ticket price in Nashville during the Stanley Cup was over $2,500 with some people paying as much as $7,800 to get a taste. The NBA on the other hand wasn’t