Major stock indices may be hovering around their all-time highs, but your personal finances might not reflect the same optimism. Inflation is still exceeding the Federal Reserve’s 2% target and interest rate cuts remain off in the distance.
In our daily lives, we face tasks that require specific skills and knowledge. Whether fixing a leaky faucet, rewiring a home, or even diagnosing a health issue, we instinctively reach out to experts who know more and have spent years honing their craft.
No matter how old you get, crafting an estate plan can feel like something older people do.
As the holiday season approaches, close on its heels is tax season. Our big advice: do as the boyscouts do – always be prepared!
With only a month left in the calendar year, now is the time when advisors should help clients reflect on their investment strategies with a dual perspective – one that encompasses both the strategic and tactical aspects of financial planning.
Life is unpredictable. Financial stability can be the light that guides us through turbulent times. But where do we begin? In this post, Ashlea Jones highlights why an emergency fund is a necessity and how to begin building one for yourself.
We frequently get asked, “Can I contribute to a Roth IRA even though the IRS says I make too much money to do so?” The answer is, absolutely! If you fall into that category, creating a Backdoor Roth IRA is a relatively simple process to help get around this issue.
In today’s economy, employers are in an ongoing fight with one another to lure the top candidates available. Those seeking employment acknowledge the leverage that they now have and seek to capitalize on it by obtaining the highest overall compensation possible. In response, major companies are getting creative with benefit offerings to keep pace with their competitors.
When investment options that are most accessible to the investing public seem volatile or uncertain, investors may look to other options that are independent and uncorrelated to the stock and bond markets. Private equity provides an opportunity to gain exposure to alternative investments that are not available on public financial markets. Because the performance of an alternative investment in something like private equity is not linked to market performance, adding diversity to your portfolio via an alternative investment strategy is something you may want to think about.
The typical down payment on a home ranges between 5% and 20% of the home’s purchase price, which doesn’t include extra closing costs after the sale. Those who have saved thousands of dollars for a down payment now face an interesting dilemma regarding what to do with that cash until their dream home becomes available. This question is more complex today than it has been historically due to low interest rates on savings accounts, coupled with increasing pressure from inflation. However, many are also wary of investing their money in something that could potentially provide a negative return.
Here are three things to consider as you decide what to do with your down payment while you wait.