Archive for January 2023
Don’t Forget the Tried-and-True Value of Compounding Interest
If you forgot what compounding interest was, let’s refresh. Compounding interest is the process by which the interest earned on an investment is reinvested so that the initial investment grows over time. It may not seem like it, but compounding returns is a powerful tool that can significantly increase the value of an investment over…
Read MoreFinally, You Can Stop to Smell the Roses in Retirement
Retirement is a time for rest, relaxation, and a chance to sit back and appreciate all that we have gained. No longer do we have to rush around trying to meet deadlines or fulfill the demands of a boss. Instead, we can take the time to slow down and truly enjoy the moments we have…
Read MoreLet’s Talk Social Security
For most, Social Security provides a solid foundation for retirement income. In fact, as of September 2022, over 70 million Americans were collecting benefits.[1] However, not everyone knows exactly how or when to start tapping into this resource. As you grow older and retirement looms on the horizon, the decisions you make start to have…
Read MoreWhy You Should Consider Helping with Your Family’s College Expenses
Often people focus on the direct employment benefits of a college education. They want their children and grandchildren to go to college so they can get better jobs. They want their children and grandchildren to learn the exact skills they will need so they can get that job. But a college education provides so much…
Read MoreBe the Financial Compass for Future Generations
Building towards retirement, you have made many financial decisions. Perhaps you maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that can now be passed on to your kids and grandchildren.…
Read More3 Pet-Friendly Houseplants to Grow
Life in retirement can feel a little slow and quiet, especially when you spend lots of time at home, have become an empty nester, or haven’t picked up any new hobbies. Plant parenting is a great way to fill up your time. It invests you in nurturing life, prompts you to learn new things, and…
Read More2 Ways the 2022 Economic Woes Affected Your Retirement Accounts
The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. As the year ends, it’s important to understand how these economic factors may have…
Read MoreCoffee-Lovers’ Events in 2023
All the macchiato, cappuccino, and espresso lovers know how a sip of coffee easily brightens up your day. Whether you take yours caffeinated or buzz-free, black or milky, sugar-free or candy-sweet, you are a certified coffee enthusiast, and you might be excited to know that 2023 is the year for coffee lovers to come together!…
Read MoreTurning 59.5? Here are the Factors to Consider
Approaching 60 is an exciting time. Not only does it come with more wisdom and thrill for a new chapter of life, but it also presents important financial decisions that can affect your life in retirement. If you are turning 59.5 this year, you will become eligible to withdraw from your retirement accounts without penalty.…
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