Oftentimes we are faced with difficult situations in life – where we need extra money to pay for a major car repair, a new roof for the house, or just day-to-day living expenses – and our emergency funds are all tapped out. Now your options become poor: should I go to a payday loan place, put more on my credit card? My mortgage is upside-down so there’s no home equity loan in my future, and I can’t ask my folks for a loan, I’ve asked them for too much. Hey, what about my retirement plan? I’ve got some money socked …Read More
Are you a good pet owner? We Americans love our pets; many of us view our pets as family members and we derive real physical and emotional benefits from pet ownership. We spend over $50 billion per year on our pets and nearly 2/3 of our households have one or more pets. Yet millions of unwanted pets are euthanized each year because pet owners did not make provisions for pets when the owners became disabled, died or no longer could afford their pets.
With so much time, love and money invested in our pets, pet planning is prudent and responsible. …Read More
An emergency fund acts as a safety net, protecting you and your family from unforeseen circumstances where you need cash immediately. Life can be full of unexpected obstacles; having cash at hand will help you by providing you with more options and preventing you from taking on debt at the worst time possible. The most common needs for emergency funds are job loss, unexpected medical expenses, extensive but necessary house repairs, death in the family, and auto repairs/replacement. Oftentimes, when it rains, it pours with unexpected issues occurring simultaneously.
You can prepare for financial emergencies which will require access to …Read More
February is the month for romance, roses and chocolate. Here’s a (slightly less) romantic suggestion for February….let it be the month to discuss your current and future financial goals with your significant other…since money can be a source of conflict and misunderstanding in a relationship. Finally, (even less romantic but very practical), let February be the month you designate each year to review your annual free annual credit reports.
Who said financial advisors aren’t romantic?!
Why bother checking your credit reports every year, you may ask? Because it can help nip identity theft at the bud. The recent large-scale theft …Read More
USA Today says that stocks are at all-time highs. So is it a good time to sell? Well…probably not.
Let’s take a closer look at our article. Hmm. They say that the large companies are doing well and small companies are doing well, too.
Okay, that’s two market segments. What about the rest? I generally recommend investing in 8 market segments, not 2. Here they are:
Large Cap (large company stocks)
Large Cap Value (large company dividend paying stocks)
Small Cap Value
Short term bonds.
Reason not to sell #1: What …Read More