Compounding Returns: Why Investing Early and Consistently Can Make All The Difference

 

Investing in the modern era can seem like a daunting task in the era of technology in which we are living. Investors (especially young investors) are oftentimes inundated with adverts, news articles, and social media posts trying to convince them that the means to strike it rich is right around the corner. They play on the emotions by trying to convince you that you could miss out on the next big thing by not putting your money into this hot new investment, oftentimes called FOMO or Fear of Missing Out. We have seen this behavior lead to wild fluctuations in market values for some companies. One recent example is the mania surrounding the rapid fluctuation of GameStop's share price resulting from a coordinated effort in online communities to drive this stock price up.

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2020 Tax Filing Deadline Quickly Approaching

 

We are near the end of tax season.  Hopefully you are comfortably ahead of the tax filing deadline curve, but if not, time is running out. 

 

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Five Things to Consider When Funding a 529 College Savings Plan

 A 529 College Savings plan is a tax-advantaged education savings plan that is set up by your state to allow you to put aside funds for future higher education expenses.  Let's take a look at a few things to consider in order to maximize your results when funding these plans.

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Five Things Everyone Needs to Know About Social Security

 

 

Social Security is perhaps the best-known and most popular benefit system provided by our federal government. For most American workers, it is an essential component of their retirement income, especially as traditional company pension benefits are reduced or eliminated. Although the concept of Social Security is quite simple (workers contribute a portion of their earnings to a trust fund, and that trust fund provides retirement benefits once they reach a certain age), the details of the program can be very complex. As a result, many participants either fail to take full advantage of available benefits, or they are caught by surprise when those benefits are lower than expected. Here are a few of those important details that everyone should know.

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Do you know how objective your source of financial advice really is? It might surprise you.

Being an investor today has never been more challenging.  There are many reasons for this and some are obvious but,  unfortunately, some are not obvious at all.  Most investors don't realize that most of the information they rely upon is not objective, or even in their own best interests.  Many people may find this hard to believe so I want to examine where most investors get their information and identify why it may not be suitable for one's specific situation.  Before I start, let me refresh our memories with an age old adage, "there is no free lunch".  Having spent my entire career in retirement planning and investments I can attest, first hand, to an industry that goes to great lengths to make investors THINK their advice is free AND objective.  Don't be fooled. 

 

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