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Hold a Financial “State of the Union” with Your Partner

Navigating and managing finances can be difficult and becomes even more challenging as you begin to share major life events with a significant other. When planning the future with your partner, finances should be a top priority. But how do you approach this tricky and potentially uncomfortable discussion?

I suggest that couples hold a financial “State of the Union” meeting. Doing this at the beginning of the year is a good start, but I also suggest this is not a once and done discussion. Create a frequent, predetermined timetable that works for you to discuss finances (weekly, monthly, quarterly, etc.)….

Why Investors Shouldn’t Just Rely on the Dow

When assessing the health of the stock market, it’s easy to look at whatever index is ticking across the bottom of a cable business channel at that moment. Commonly, news anchors and reporters comment on the Dow Jones Industrial Average (Dow), citing milestones when new highs are hit or losses occur.

While we don’t want to demonize the Dow, we caution investors to avoid fixating on this particularly popular index. The Dow may be a poor indicator of the market overall as it only tracks 30 large public companies in the country, based on price. A price-weighted index is proportionally…

Why Millennials Shouldn’t Worry About a Possible Recession

When the Great Recession hit in 2008, many millennials not only saw their parents affected by the downturn (decline in investments, retirement portfolio or even job loss), but they themselves were entering a tough labor market in the years that followed. Not surprisingly, this “conditioned” millennials to become cautious when it comes to their investments and financial plans.

Fast forward to today – July 2019 marks the longest economic expansion on record in the United States, however, there have been several economic indicators that have spooked investors including whether the market is overvalued and the “trade war” concerns with China….

Three Things to Consider Before Selling a Stock

When market volatility strikes, we often get questions from clients about selling a stock that may have taken a big hit. Investing can test our emotions, but reacting out of fear is typically not the answer. For long-term investors, we advise against watching day-to-day market moves. With that said, there are times when you can and should consider selling a stock. Selling could mean either eliminating it from your portfolio completely or trimming part of your position in the company.

Whether you’re working with an advisor or investing on your own, it’s important to understand a few logical and data-driven…

Financial Planning for New Parents

Since becoming a mom last year, my financial goals and long-term plans certainly have shifted. New parents should continue focusing on their own financial security and retirement goals, a baby means a whole new set of monetary considerations. Here are some tips that can help get your family on solid footing for the future.

Tips leading up to baby

Diaper duty. In the six months leading up to our son’s birth, my husband and I strategically purchased diapers. Knowing diapers are one of the more expensive, and frequent purchases for baby, we spaced out buying diapers over a few months creating…

Beyond a Budget – Financial Tips

Planning your financial future may seem like a daunting task. You need to understand the full view of what you have, what you’ll need and what it all means for your retirement. The basics – budgeting, saving and getting rid of debt are great places to start, but there are many things to consider beyond these basics. Especially for individuals and couples who have accumulated assets, there are a few critical points to consider when striving for a more secure financial future.

Create tax efficiency: Accumulating assets for retirement via investment accounts is a great start, but it’s critical to…

Three Questions to Ask Your Advisor During Market Volatility

In times of market volatility, it’s vital to stay the course and not panic. However, it’s understandable to feel a little uneasy during these times. When you’re seeing the market go down, it’s natural to wonder how that’s going to impact you. If you’re apprehensive about your assets, it’s important to have a conversation with your financial advisor so you fully understand what you own and how this impacts your financial picture. Having such a discussion can help shed light on the situation and alleviate worries.

As financial advisors, it’s our job to help clients make educated decisions despite market…

How to Ride the Market Volatility Wave

In recent months, investors have seen a roller coaster of activity in the equity markets. Such volatility may be even harder to swallow after experiencing a banner year in 2017, but it’s critical, in a period of volatility, not to overreact.

As a financial advisor, it’s my job to coach clients on what to do, or not do, and quite frankly, how to react to stock market direction. Recent headlines may be causing some concern, but below is my advice for what NOT to do right now:

Never make decisions based on emotions, panic or fear. We’re often told to not…

Has Gen X Been Abandoned? Getting This Generation on Financial Track

Millennials and baby boomers dominate headlines. As the two largest generations in history, it’s no wonder these demographics have taken center stage for financial advice. There is no shortage of articles offering advice on how to pay down student loans or tackle rising healthcare expenses in retirement. However, Generation X (those born between 1965 and 1980) is often overlooked as it is sandwiched between boomers and millennials.

Studies show that Gen X has woefully under-saved for retirement and has more credit card and overall debt than any other generation. Now is a critical time for Gen Xers as they…

Insight on Recent Market Volatility

In our view, the recent stock market pullback is not consistent with our current fundamentally strong global economic environment. This sell-off has partially been the result of strong data, which has prompted the Federal Reserve to announce plans to raise rates more quickly in the coming quarters, in addition to periodic geopolitical friction with a focus on tariffs, China, and oil. We see this recent market performance as similar to a normal correction after a strong rally.

While many of these forces could present uncertainty in the markets in the near-term, we do not believe this downturn is here to…

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