Some Silver Linings of Inflation
While much hand wringing and media attention has been focused on the negative aspects of the current bout of high inflation (much of it rightfully so), from a spirit of optimism, we’d like to take a few moments to focus on the positive aspects of higher inflation. Yes, from an economic and individual taxpayer perspective, there are a several benefits [...]
Making Sense of Health Savings Accounts
Many of us have heard that Health Savings Accounts (HSA) are excellent vehicles to pay for healthcare costs. In fact, according to research compiled by Devenir, as of June 30, 2022, there were about 28 million HSA accounts. Additionally, total funds in HSAs grew to $98 billion at year-end 2021 from $45 billion in 2017. Clearly, the word’s gotten out [...]
October’s Cybersecurity Awareness Month: Simple Tips to Keep You Safe Online
Cybersecurity Awareness Month – observed every October – was created as a collaborative effort between government and business to ensure every American has the resources they need to stay safer and more secure online. As part of this annual campaign, we want to share tips and best practices to ensure you’re doing everything possible to secure your personally identifiable information [...]
Unpacking the Inflation Reduction Act of 2022
As of August 16th, President Joe Biden signed into law the Inflation Reduction Act (IRA) of 2022. This legislation is the culmination of months of negotiations between congressional democrats. The IRA is the largest-ever investment to tackle climate change, with roughly $370 billion dedicated to curbing harmful emissions and promoting green technology. […]
Teaching Kids the Magic of Compound Interest with a Roth IRA
As summer comes to an end, many teenagers are flush with cash from summer jobs. If your teenager is in this situation and you’d like to use this opportunity to teach them the magic of compound interest, consider opening a Roth IRA for them. Roth IRAs are a great investment vehicle for kids because the earlier they start saving in a Roth IRA, the longer they have for their money to compound tax-free. Furthermore, kids’ income is usually low enough not to worry about the income limits on contributions that eventually prevent many adults from contributing to a Roth IRA.
Taming The Bear: Making Sense of the 2022 Downturn
After an abnormally calm 2021, which saw stock markets reach all-time highs, the major stock indices are sharply lower in 2022. Volatility has returned to the market as concerns over interest-rate tightening, inflation, supply shocks, economic growth, and geopolitical events have dampened last year’s market exuberance. […]
Mastering the New Travel Realities
Our lives have been seriously disrupted over the past two years. Lockdowns, vaccines and face masks have altered life as we knew it. Human beings are resilient, and we’ve adapted to our new reality, but many of us long to resume certain activities such as travel, that were not feasible for much of the past two [...]
Nailing the College Money Conversation
April is Financial Literacy Month. As financial planners, we are passionate about helping clients, their children, and others in our community increase their financial literacy skills. Given that May 1st is also Decision Day for college acceptances, we thought it’d be timely to share our thoughts on how families might discuss the cost of college with their children. […]