Month: June 2021

Economic Lessons from Used-Car Inflation

Jun 30, 2021

Car Prices Rising from Inflation
Various factors drive used car prices

Inflation is defined as the general upward price movement of goods and services in an economy. The key word is “general.” Inflation tends to be uneven and affects the price of some items more than others. (more…)



Insurance When You Marry After 40

Jun 28, 2021

newlyweds driving away in car just married
With people marrying later in life, coverage has become even more important

When you marry, you buy life insurance. Right?

You buy it out of consideration for your spouse, and also realize that in the even of either your untimely death or your spouse’s untimely death, your household could be left with one oncome to shoulder expenses that may not lessen. (more…)

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The Cryptocurrency Conundrum

Jun 25, 2021

Cryptocurrency crash
It’s more important than ever to be aware of your risk tolerance

Recently, you may have seen a number of major cryptocurrencies fall thanks to a continuing sell-off that began last week. In fact, over $250 billion was lost in the crypto market alone.1

It may be more tempting to view this as another volatile moment in the crypto markets, but there’s more at work here than a temporary trend towards selling. (more…)



The Fed Acknowledges Inflation

Jun 23, 2021

Inflation
As inflation climbs, the Fed reacts.

At its June meeting, the Federal Reserve confirmed what many of us have suspected for some time: prices are rising. In fact, prices are climbing faster than many expected. In response, the Fed raised its inflation expectation to 3.4%, up from its March projection of 2.4%, effectively raising its inflation expectation by 42%.1 (more…)



Invest in Others Selects Wine to Water for $25,000 Grant!

Jun 22, 2021

We are so excited to announce that Wine To Water and their new Navajo and Hopi Nations water project has been selected as a recipient for a $25,000 grant from the Invest in Others Charitable Foundation!! What a blessing, and what an impact it will have on the indigenous peoples right here in the United States.



Summer Travel is Back

Jun 21, 2021

summer travel in airport
Summer travel stats show an industry in recovery

One of the most anticipated comebacks of 2021 isn’t an athlete, rock star, or movie franchise. It’s summer travel, and it appears to be back with a vengeance.

Travel agents are working 14-hour days to meet the needs of eager travelers. People aren’t just taking road trips, either; airports are reporting being at 80% of pre-COVID capacity, while the TSA screenings reached two million for the first time since the pandemic. (more…)

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FAFSA Simplification Act

Jun 18, 2021

FAFSA
Learn about how legislative changes can help you finance your loved one’s education.

As a parent or grandparent, you know firsthand the challenges of funding a child’s education. The Free Application for Federal Student Aid (FAFSA) Act was passed at the end of 2020 and has changed some of the qualifications for students to receive financial aid. (more…)

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Inflation & the Real Rate of Return

Jun 16, 2021

Real rate of return and inflation
Is your money gaining or losing purchasing power?

The real rate of return is an important personal finance concept to understand. And it goes hand-in-hand with the rate of inflation.

It’s the rate of return on your investments after inflation. The real rate of return indicates whether you are gaining or losing purchasing power with your money. (more…)

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Are You Ready for the Second Act of the Secure Act?

Jun 14, 2021

Secure Act
Some potential benefits are coming

Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the second version of the SECURE Act, or SECURE Act 2.0. (more…)

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A COLA With Your Social Security?

Jun 11, 2021

Social Security COLA
Preliminary estimate calls for 4.7% increase

If there is a “silver lining” to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022.

Preliminary COLA Social Security estimates call for a 4.7% cost-of-living increase (COLA) in Social Security benefits next year, which would be the highest since 2009. Benefits rose 1.3% in 2021.1 (more…)



More Insights

Dec 1, 2021

Getting rich quick can be liberating, but it can also be frustrating. A sudden wealth windfall can help you address retirement saving or college funding anxieties, and it may also allow you to live and work on your terms. On the other hand, you’ll pay more taxes, attract more attention, and maybe even contend with … Continue reading “When a Windfall Comes Your Way”

Nov 29, 2021

  You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives. In fact, Fidelity Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the … Continue reading “Healthcare Costs are Cutting into Retirement Preparations”

Nov 24, 2021

Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022.

Nov 22, 2021

Financial markets can be challenging to understand. But when markets enter a “bad news is good news” cycle, it becomes even more difficult to follow along. Enter the Fed’s decision for tapering bond purchases.

Nov 19, 2021

The past year and a half have tested all of us, but overall, the economy continues to strengthen, COVID-19 trends are greatly improving, and this still relatively young bull market is alive and well. As the leaves turn colors and begin to fall to the ground, there are many reasons to be thankful.

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