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Saving for College in a Post-Pandemic World

For many students and their families across the country, the financial aspect of going to college has changed drastically over the last few months as states grapple with how to address the coronavirus pandemic. Many colleges moved to online classes, and families may have lost the income needed to cover college expenses for their children. In order for families to understand their options and how to move forward through these uncertain times, it’s critical to know the different costs to consider, savings vehicles available for college savings and how to navigate the financial aid application process amidst changing finances.

Know…


Why Your Advisor, Accountant and Lawyer Need to Talk

Do your financial advisor, accountant and lawyer talk? It may sound like the start of a bad joke, but ensuring that these three professionals are conversing with one another is no laughing matter. With tax season around the corner, and as you look at your financial documents, it’s a great time to revisit your overall financial, tax and estate plans. Your financial advisor is an expert in planning for your financial goals, but also has tax and long-term planning to take into consideration. Your accountant is a tax expert, but also has to consider your investments and inheritance plans…


Customized Financial Solutions for Commercial Real Estate

Commercial Real Estate, commonly known as CRE, is a commercial lending practice where the source of repayment for the loan is derived from the rental income of an investment property. With a team of dedicated, ‘boots on the ground’ lenders, Univest has extensive experience in CRE lending. This can range from a 5-unit apartment building to a several hundred-unit multi-family complex, or a single tenant retail location to a large regional power center. Market segments we work with include multi-family apartments, retail, industrial, office, mixed use and residential sub-divisions.

Univest offers financing for the acquisition of new investment properties or…


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…

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