Don’t Ditch Your Retirement Portfolio! Trust Your Investment Plan.

Don’t Ditch Your Retirement Portfolio! Trust Your Investment Plan.

The stock market is suffering, and I know you’re scared. It’s terrifying to think that half of your money disappeared overnight. But here’s what you need to remember: It didn’t. Until you actually sell the investments in your retirement accounts, you have not sustained losses. It’s the act of selling that locks in your losses and keeps your portfolio from recovering. When you make dramatic changes to your retirement portfolio based on fear – especially if that’s fueled by social media hype – you’re more likely to end up losing out in the long run. You’ll be stuck selling low,…

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5 Ways The SECURE Act Changes Your Retirement

5 Ways the SECURE Act Changes Your Retirement

If you’ve been having a hard time saving enough money for retirement, the SECURE Act could help turn that around. At the very end of 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) became law. The main focus: making it easier for people to save money for retirement.  The rule changes are designed to help more people save more money for retirement. Anything gives more people access to retirement savings sounds like a good plan. And giving people more flexibility over how long they can save and more time before they have to start taking money…

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HSA: The Best Retirement Account You’re Not Using

HSA: The Best Retirement Account You’re Not Using

And How to Open One Today Don’t be fooled by the name Health Savings Account (HSA)… HSAs are really retirement accounts in disguise. And if you’re eligible for an HSA, you definitely want one, because they combine all the best features of other retirement plans… and then go another step further. If you use your HSA the right way, you have 100% tax-free money. Current year tax deductionTax-free growthTax-free withdrawals These accounts have built-in tax advantages like retirement accounts… but without all the restrictions on using them. So if you do need to access the money for medical expenses before…

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Avoid This Major Money Mistake…

Avoid This Major Money Mistake…

My Money Mistake: Not Buying Pet Insurance Full disclosure: I live in a zoo. My home is full of dogs and cats, and I love them all. What I don’t love is the vet bills, and we have a LOT of them. I’ve always ignored pet insurance – I’m not sure why – but now I see that is one of my biggest money mistakes. At first it seemed a little like a scam. Then it seemed too expensive, especially with multiple pets. But now I realize if I’d gotten it when each new fur baby came into my life,…

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How To Keep Your Checking Account From Busting Your Budget

How to Keep Your Checking Account from Busting Your Budget

When you’re trying to stick to a budget and build your wealth, every dollar counts – especially when it comes to unnecessary expenses that chip away at your cash balance. And the number one culprit here: bank fees. Bank fees slowly and steadily eat into your money, especially when you don’t even notice you’re paying them month after month. Most banks (especially big national banks) charge a long list of fees that can add up very quickly. And if you’re like most people, you don’t pay much attention (if any) to your bank statements… unless there’s a problem. So you…

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