Financial Tips

Time to Refinance Your Mortgage?

Mortgage refinancing is a topic that is coming up in almost every client meeting these days. Mortgage rates are dramatically lower than they were even 6 months ago. Not to mention mid to late 2018, when rates were at 4.5%-5.0% for well-qualified buyers (unfortunately, this was right when my wife and I bought our first home). Continue reading

Reminder: No RMDs This Year

Earlier this summer, the IRS made the announcement that they are waiving Required Minimum Distributions (RMDs) for retirement accounts in 2020. IRS Notice 2020-51 outlines the relief granted to retirement account owners, as part of an extension to the CARES Act. Continue reading

Cash Is Comfortable, But Can Be Counterproductive

With all of the market-moving events of the past few years – from the global pandemic to trade wars and more – it’s understandable that some investors may prefer the safety of cash. After all, a great deal of investing is behavioral and requires being comfortable with a certain level of risk. Portfolios returns are important but so is being able to sleep well at night. Continue reading

Negativity Sounds Sophisticated

Have you ever noticed how negativity sounds sophisticated? This is especially true when talking about investing and the financial markets. Think about it – it’s true. Many investors simply tune out the person always saying, “the market will recover” or “staying invested is the best course.” The optimist investor risks being called a Pollyanna or unsophisticated. Continue reading

Should You Use Fidelity’s BrokerageLink® Option?

If you are one of the 22 million investors with a retirement plan at Fidelity, you may have access to an option within your plan that could dramatically improve the success of your 401k. Fidelity’s BrokerageLink® option is a self-directed brokerage account within the 401k or 403b plan. In this article, you’ll learn what the BrokerageLink® option is and when it may make sense to take advantage of it. Continue reading

How COVID-19 Impacts Medicare Coverage

The outbreak of COVID-19 has created uncertainty across the nation and world over the last several months. The global health concerns surrounding the novel coronavirus have prompted Medicare recipients to wonder how it will impact their coverage. Continue reading

Reasons to be Positive (and Rational)

Amidst all the negative news (coronavirus pandemic, market downturn, economic collapse, jobless claims, etc.), there are reasons to be positive. April has been a fantastic month for the stock market – historic really. Yes, we are still well off of our previous highs, but at least we’ve made progress. Continue reading

Congress Passes SECURE Act

Congress recently passed the Setting Every Community Up for Retirement Enhancement, or SECURE Act. The bill marks some of the most significant changes to retirement policy in more than a decade. Continue reading

4 Avoidable Financial Errors for Millennials & Gen X

First off, lets clarify any confusion between the terms Gen X and Millennials. Generation X is currently age 40 to 54 (born between 1965 and 1979). Millennials (also known as Generation Y) are currently age 24 to 39 (born between 1980 and 1995). Continue reading