Fee-Only Financial Planning Advice

The Pandemic Has Changed the Rules for Retirement

Jun 09 2020

Washington Post columnist Michelle Singletary offered new rules for retirement savings in “Forget what you’ve heard. Here are the new rules for post-pandemic retirement,” and we are going to discuss two of them that relate to retirement planning. “Old rule: Make retirement savings your No. 1 priority. New rule: Make paying off debt, especially high-interest debt, a priority.” Someone who considered making it a priority to pay off debt might have been told that it would be better to concentrate on saving for retirement before the pandemic. However, now Singletary writes that carrying high-interest debt… Read More

A Little Relaxation and Vacation Can Get You Back on Track

Jun 05 2020

For many, 2020 has been hugely stressful, and the benefits of taking time off are often underestimated. When life gives us unexpected turns, one of the best things we can do is use the opportunity to take a step back and relax. Taking time off from our place of employment gives us the means to do precisely that.

For those of us still able to do it safely, vacation and travel provide a tremendous benefit. If you cannot safely get away, merely taking time off to relax at home can have benefits. Whether you stay …

How to Cut Down On Some of Your Key Business Costs

Jun 04 2020

For many small businesses, the best way to increase profitability is to look for ways to cut expenses. Every dollar you save is another dollar in profits and as long as you maintain quality, efforts toward cost cutting can be an effective way to provide financial relief to your business. You might not be able … Continue reading … Read More

Did You Know You Can Donate Travel Miles?

Jun 02 2020

When the Finance101 article “Why donating your travel miles is a good idea” was written, during the holiday season last year, some of us would have no idea that we would, in a sense, be grounded for months in 2020 due to the Coronavirus pandemic. While we mourn our canceled trips and travel opportunities, we still may be able to do some good with the miles we have already accumulated. Instead of saving them all up for the trips you plan to take as travel becomes more feasible, why not donate them now to charitable causes that could really use …

It’s Time to Divide the Family Heirlooms

Apr 23 2020

It’s Time to Divide the Family Heirlooms The executor of an estate is responsible for management if there’s a will, but a court-appointed administrator will oversee an estate if the deceased didn’t leave explicit instructions. This includes dividing jewelry among the surviving family members, and sometimes among siblings. There are a few ways in which …

Continue reading It’s Time to Divide the Family Heirlooms

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