Archive - July 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

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 …

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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 …

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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

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