Angela credits SchoolsFirst FCU with giving her the opportunity to save for retirement and enjoy her time after teaching. Continue reading
The Benefits of Asset Allocation in a Stormy Market
Investing in the stock market can be intimidating, even when the economy is booming. While “buy low, sell high” is sage advice for those entering the market, recent global and national events have sent otherwise confident investors on a roller coaster of emotions. It’s understandable. There have been several twists and turns in the market in 2020, and experts are expecting even more in the coming year. But that doesn’t mean investors can’t protect their hard-earned money with an asset allocation strategy.
529 Plans: Give the Gift of Education
Contributing to a 529 College Savings Plan is a smart way to save for college and contributions are a great gift idea for friends and family members.
Money Moves Series
Whether you’re just starting out in life, mid-career, preparing for retirement or living in it, there are smart money moves you can make to help you stay on track financially, take advantage of opportunities and have a game plan when the unexpected occurs.
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Understanding Market Losses: Paper Versus Reality
In a volatile stock market, your emotions might let new highs and record lows drive your short-term decisions. The drastic ups and downs can make you feel confident one day and queasy the next. When your investment is reaching new highs, you might feel on top of the world. But, when your investment hits new lows, confidence wanes. The market’s volatile nature might even lead you to jump ship on your savings goals. Unfortunately, this could cost you over the long term.
It’s possible to remain calm during what feels like a financial roller coaster ride if you better understand market declines and the need for a smart investment strategy. When you pair the two, you’re more likely to meet your financial targets.
Spruce Up Your Financial Plan By Year’s End
As 2020 draws to a close, do you know where you stand financially? Taking the time to create or review a financial plan can help you prepare for a better new year.
Here are some simple tips to help you get there.
Will the Upcoming Election Hurt Your Investments?
Nothing is more polarizing than presidential elections. People get very emotional when discussing the pros and cons of candidates and the future state of the country. And those very emotions can sometimes send the markets reeling.
10 Money Moves to Make in Your 70s
When you reach your 70s, life slows down a little. You may be planning to retire, or already living in retirement. Whatever your situation, there are ways to make your 70s more enjoyable and stress free, especially when it comes to managing your finances. If you still choose to work in some capacity, or simply want to enjoy your leisure time and hobbies, here are some tips to help you live the retirement you want.
10 Money Moves to Make in Your 60s
Entering your 60s could mean you’re getting ready to reap your financial harvest. But, after decades of careful spending and saving, you may still be hesitant to say goodbye to full-time employment. If you’re still carrying high-interest rate debt, making a hefty mortgage payment, or wondering if you have enough money in savings, delaying retirement might be a good idea. Before you exit the workforce, reassess your finances and be prepared to reboot your retirement plan, as needed.
Ask the Financial Counselor: Navigating Money Setbacks
By Susana Raya
Susan is a financial expert with GreenPath Financial Wellness, the national nonprofit organization that provides financial counseling, education and products to empower people to lead financially healthy lives. Through their work with GreenPath, Susana has helped people with debt and credit management, homeownership education, and foreclosure prevention.
As the pandemic continues, many Americans are trying to figure out how to juggle expenses, get the most mileage out of unemployment, and keep current with housing and other essentials. And while financial relief programs have helped, whether they’ll be extended to provide further aid is uncertain. Continue reading