Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. But how does any of this make sense when so many people are struggling financially months into the Covid-19 crisis and the recession that came with it?
There is a lot of talk these days about the “new normal,” which might be more accurately described as not normal. COVID-19 has impacted many aspects of our daily lives and if you’re nearing or in retirement, you may be wondering if it will impact your retirement plan. Below are a few items to consider
The pandemic of 2020 has created nothing but chaos on all fronts. Whether your concerns are focused on how COVID-19 poses an extreme danger to our seniors, unprecedented unemployment rates, the feasibility of students learning full-time online, or what the long-term impacts of government-stimulated growth might look like, there’s no shortage of reasons to feel
Before my husband and I started working with our financial adviser at the beginning of 2020, we didn’t have much of a plan for our money. We made sure our bills were paid each month and our credit wasn’t terrible, but beyond that, there was no strategy. So while we technically had what we needed
Whether sudden or expected, a financial windfall can come in many different forms: an inheritance, selling a business, stock options, distributions from a trust, or even winning the lottery. How to best use the proceeds from a windfall depends on a number of factors unique to your situation and the type of lump sum you
I have a good friend who recently started the process of buying a house after years of living in a rented apartment. In his mind, he’s done everything right—he has a steady job that pays well, he has no debt, and he saved up 20% for a downpayment. But when he tried to get pre-approved