Archive - 2021

1
The Stock Market is Going to Go Down. Prepare.
2
Individuals and Industries Need to Work to Increase Retirement Savings
3
How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries
4
Update on the Enhanced Child Tax Credit
5
4 Things You Need To Consider Before Purchasing A Rental Property

The Stock Market is Going to Go Down. Prepare.

We don’t know when the stock market will crash, but we do know that eventually it will go down. It may stay down for two to three years. How do you prepare?

In this video John Scherer CFP(R) and NAPFA member and I talk about John’s lifeboat drill. When you go on a cruise, one of the first activities is to talk and think through what do if you need a lifeboat. Then, if there’s an emergency, you know how to act and don’t panic.

The stock market is going to go down. We just don’t know when. We talk …

Read More

Individuals and Industries Need to Work to Increase Retirement Savings

Earlier this year, Yahoo! Money looked at the results of the Retirement in America report from PwC and found that people in the U.S.seriously lack retirement savings. Twenty-five percent of Americans do not have any retirement savings and those that do are not saving enough. Younger people were the least likely to save for retirement, since 42% of 18-to-29-year-olds do not have any savings. Still, the 13% of people over 60 who do not have retirement savings is a cause of concern for financial experts.

An expert told Yahoo! Money that people who are saving some money for retirement might …

Read More

How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries

As a member of Generation X, sandwiched between aging parents and adult children, there’s a good chance that you’ve considered loaning or gifting money to a family member.

But “loan” takes on a whole new meaning when the family gets involved. It can turn from a nice gesture to an awkward, irritating, or downright annoying encounter in a hurry.

Loan/gift, tomato/tomahto—that’s what it’s like giving money to family or friends. How can you financially support your family while also protecting your financial wellbeing? 

Let’s explore ways to strategically give money to loved ones without going overboard (on your money or

Read More

Update on the Enhanced Child Tax Credit

Earlier this year in April, I wrote about the changes Congress made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit:

  • Amount has increased for certain taxpayers
  • Is fully refundable (meaning you can receive it even if you don’t owe the IRS any taxes)
  • May be partially received in monthly payments

The new law also raised the age of qualifying children to 17 from 16, meaning that more families will be able to take advantage of the credit for at least …

Read More

4 Things You Need To Consider Before Purchasing A Rental Property

Contrary to popular belief, real estate investing isn’t all HGTV flower boxes and passive income filling your bank account. Whether you’re purchasing a single-family home, duplex, or commercial property, managing a rental property is a huge financial and personal undertaking.

 Before you dive headfirst into a real estate project, you’ll want to do your homework.

So what factors should you consider?

Rental Properties Are Highly Concentrated Assets

Investing in rental properties will likely tie up a significant portion of your net worth in one place. A quick google search will show you all the millionaires and billionaires who got

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login