Move over Starbucks, Amazon is the new Latte Expense

“Latte Expenses” are often discussed in personal finance as an easy way to meet your budgeting goals.  By identifying and cutting small every day expenses, real savings can add up over time. For example, a $4 per w...

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April 3, 2019

Spring Clean Your Finances

Adjust your priorities, you come first Many fall into the trap of looking at income less expenses, then adjusting what will be put into savings.  By re-framing this to Income – Savings = Expenses, yo...

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March 29, 2019

How to pick an Investment Advisor – Series 2: Top Questions to Ask a Financial Advisor

Being aware of the different types of financial advisors is important, but what questions should you be asking...

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March 20, 2019

How to pick an Investment Advisor – Series 1: Types of Investment Advisors

Does managing your investment portfolio make you nervous? If so, you’re not alone. For many, finding a professional that fits your needs seems like a daunting task. How do you decide who is right for you? As you’re...

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March 6, 2019

Frequently Asked Questions About 401(K)’s

  1. How much should I contribute to my 401(K)?
  2. Should I be making savings contributions outside of my 401(K)?
  3. Should I use my 401(K) to save for big purchases such as college or a first...

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March 1, 2019

In the habit of carrying a credit card balance?

While sorting through mail recently I found a notice from one of my credit cards.  The notice was to inform me that the interest on my credit card would be increasing from 9.24% to 14.99%, or 5.75% for future charges....

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February 26, 2019

401(K) Series 6: Other Mutual Fund Fees – Part 3

It’s important to remember that you MUST pay for investment advice and investment management.  What you pay should be reasonable for the investment vehicle and expected returns of the asset.  You should be fully infor...

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February 18, 2019

401(K) Series 5: ABC’s of Mutual Funds – Part 2

Mutual funds often have letters behind the end of the fund name.  These letters indicate the share class.  A single mutual fund will have several share classes, all of which have different fees.  When it comes to mutu...

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February 14, 2019

401(K) Series 4: Mutual Funds – Part 1

401(K) plans typically offer an array of mutual funds for participants to choose from. These investments allow for growth from the dollars contributed to the plan. Mutual funds serve a vital role for smaller invest...

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February 12, 2019

401(K) Series 3: Sticker Shock on the suggested 10% of salary?

Ever wonder why so many things are sold via monthly subscription?  Sometimes looking at the annual price tag for something can seem intimidating.  Advertisers figured out long ago that you’re much more likely to make ...

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February 8, 2019

401(K) Series 2: Why Invest in a 401(K) Plan?

If someone offered you free money, would you refuse it?  You are refusing free money if your employer offers a 401(K) retirement plan with a company match and you aren’t participating.  Even if your employer doesn’t o...

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February 1, 2019

401(K) Series 1: What is a 401(K)?

A 401(K) is a tax favored retirement savings account offered by employers.  The high contribution limits and tax benefits of a 401(K) make it a great way to save for retirement. The 2019 IRS Employee Contribution L...

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January 25, 2019

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