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Financial Planning
I believe in the benefits of planning. Retirement. Investing. Buying a home or paying off your mortgage. Funding a college education. These topics and more can only be ...
... the financial system was on the brink of collapse and neither candidate was an incumbent.
It’s hard to imagine any aspect of society as not having a political view these days, especially in Washington ...
... but almost all other sectors performed well. Only Real Estate was negative, down by less than 1%. Energy, Communication Services, and Financial Services led the way, returning 13.5%, 12.7%, and 12.4%, ...
... relevant financial information will be late going to schools by at least a month.
This creates the unfortunate and anticlimactic scenario where students open their acceptance letters to find little meaningful ...
... at record-low rates. Instead of Fed tightening hurting their income, major corporations and people with a mortgage kept paying the same rate but earned more in interest on their savings.
American nonfinancial ...
... with the sections and numbers I often look at as a financial planner.
Let’s consider the 1099 Composite:
As the name implies, this form includes an array of tax-related data such as dividends, interest, ...
... it’s an adjustable loan that you don’t intend to keep long-term. If so, maybe your financial situation has changed enough that you could refinance your loan instead of recasting. A good mortgage broker ...
... them and it can be hard to see through the clutter. In my industry there’s a lot of financial bias, so to speak, that can make predictions and longer-term forecasts can seem more like product pitches. ...
... of being left behind.
The outlook is good as we enter 2024. Goldman Sachs publishes an index of financial conditions and, due primarily to the Fed policy shift already mentioned, conditions swung from ...
... years ago to over 7% now hasn’t had a direct impact on the financial lives of the overwhelming majority of American homeowners. And since these folks are the ones doing much of the spending in our economy, ...
... who locked in low mortgage rates, though, have extra cash.
Roughly 90% of mortgaged homes have a rate below 6%, according to calculations from Mark Fleming, chief economist at First American Financial ...
... rates higher. This has a lot to do with the Fed raising short-term rates but is also about inflation, expectations for growth, and how parts of our economy and financial markets are still struggling to ...
Medicare isn’t something I hear much about as a financial planner until there are problems. It might be having to change doctors because they’re no longer taking your insurance, or you’re forced to navigate ...
With news of war in the Middle East this past weekend it’s natural for US investors to wonder, and even worry, about potential harm to our financial markets. Setting aside the human toll of violence and ...
... like Technology, down 4% for the quarter, harder than Financials which was down 1.2%, or Communication Services, which was actually up 1%. That sector and Energy were the only sectors positive for the ...
... But as with most things financial it’s a facts-and-circumstances sort of issue and your “right” answer can absolutely be different from your coworker who was offered roughly similar terms.
During my ...
... that falsely claims to be from a financial institution, government, regulatory agency, or a prominent technology company (PayPal, Apple, Microsoft, etc.). From that point, recent schemes have tended to ...
... waiting until 70 to start SSI would be sizeable. For example, a random sample from the variety of financial plans I’ve done over the past 10+ years shows about $100,000 of extra income over a longer life ...
... and other firms like Fidelity and Vanguard are good examples of large custodians that serve a fundamental role in my industry and in your financial future as well. They’re custodians of your cash and investments. ...
... the financial planning angle.
I’m wondering about this after reading some articles referring to a report from Schwab suggesting that Americans think it takes about $2.2 million of net worth to feel wealthy ...