This post was written by Bob Keane, CFP® – Financial Advisor in November 2021 and updated in May 2023. Back in 2021, we shared a primer on the debt ceiling in response to the Senate & House agreeing to a temporary increase in the Federal Debt Ceiling of $480...
Giving back is done best when there are clear and strong motivating factors behind your actions. As a family, you’ll likely all have different interests and sources of inspiration when it comes to charity, and facilitating an open and honest discussion will help you all get on the same page as you move forward.
Giving season is upon us and taxpayers of all kinds will be rushing to make charitable contributions before year’s end. To contextualize the significance of giving during this time of year, close to 1 in 3 donors conduct their giving in December, while more than 1...
Whether you’re caring for aging parents, a disabled family member, or an adult child, you know how challenging, yet rewarding, the work can be. The fact is, supporting an adult dependent can put a significant strain on your finances, especially if you’re relying on...
"Eat well or sleep well" is a common refrain you may have encountered over the course of your financial planning journey. This phrase refers to the risk-return tradeoff that investors face when it comes to allocating their resources. The type of portfolio one owns...
As the Baby Boomer and Gen X generations reach retirement age, many are taking another look at their retirement savings plans hoping to identify opportunities for tax reductions. For those with tax-deferred plans like traditional IRAs and 401(k)s, Roth conversion...
Earlier in the week the Federal Reserve announced a 0.75% rise in short-term interest rates, bringing the funds rate target to 3.25%. This was in reaction to news consumer prices were not coming down as expected. This is the fifth rate hike this year, and the...
When it comes to saving for your child’s education, the earlier you can start, the easier it will be to reach your goal. A modest contribution today could amount to a larger sum by the time your child is ready for school. Let’s take a closer look at a few of the different education savings plans available to you.
As you age, the threats to your health will likely become more prevalent. Your body will become more vulnerable to illness and physical deterioration, which could lead to a rise in healthcare expenses from medications, doctor visits, physical therapy, ambulance rides, and more. If you’re looking to get ahead of these future expenses and lessen the burden you’ll be forced to shoulder down the road (and you qualify), utilizing Medicare may be an excellent option for you.
Remember that recessions are part of the normal cycle of any economy, and we have weathered some significant ones in recent decades. Not every recession degenerates into complete upheaval, as we experienced during the lowest point of the pandemic and during the Great Recession of December, 2007 - June, 2009. It’s important not to become anxious when things begin to turn and instead lean on the perspective that we’ve gained from past periods of economic downturn.
