Perhaps you had to tap into your emergency fund during the past year or so. Or maybe the uncertainty surrounding the pandemic has you thinking that it is time to start an emergency fund. Real Simple offers “5 Rules for an Emergency Fund That Will See You Through (Almost) Anything.”
You might wonder why you even need “rules” for an emergency find but guidelines can help you as you try to save enough to keep you afloat should you need it.
The conventional advice from financial experts is that your emergency fund should cover 3 to 6 months …Read More
How The Sandwich Generation Can Take Control Of Their Finances
Do you feel like you are stuck between caring for your aging parents and supporting your children? If so, you’re part of the sandwich generation, and you’re not alone.
According to Pew Research Center, nearly 12% of parents fall into this category—mounting stress and bills at a rapid rate. The same study also found that people in the sandwich generation experienced more financial and emotional challenges than those who were not part of that group.
Intergenerational finances bring immense challenges like navigating your financial health and also carrying the financial
In “What Pickleball Can Teach You About Investing,” Jacob Schroeder, writing for Kiplinger.com, demonstrates how you can apply everyday lessons to your investing and financial planning…if you pay attention.
Pickleball isn’t tennis but it has some things in common with tennis. In pickle ball, the players use paddles to hit a small plastic ball over a net. And if you didn’t know, pickleball is popular with retirees. There are pickleball tournaments at community centers and most players are in their golden years. The author of this article played the sport outdoors as a way to get some recreation and follow …Read More
Financial planning can feel a bit ambiguous at times. There are quite a few assumptions that need to be made about your financial future. What will your income and expenses be in retirement? What growth rate can you assume in your portfolio? How much of your income will social security really replace?
While you may not be able to control everything about your financial situation, there is one area where you can take charge immediately.
Proactive tax planning can instantly elevate your overall financial plan.
Tax Preparation vs. Tax Planning
It is very common for people to