Have you been spending more this year than last? Total consumer credit rose by 10%, or $35 billion, in May, according to the Federal Reserve. What a big increase! “Economists had been expecting an increase of $18 billion”, according to a Market Watch Article. When the economy is good people tend to spend more money,…
Are you utilizing a high-yields savings account? If not, let’s explore why you should. With much higher interest rates, high-yield savings account can help you build your wealth much faster than a regular savings account would. Here’s why you should open a high-yields savings account. You can make more money The average yield on a…
As we end the second quarter, we want to take a look at where the U.S stock market is after this past year of ups and downs. Currently, the U.S. stock market is very stagnant on the outside, but industry analysts are discussing how it’s really bubbling underneath, more than it has in years. From…
What is employee equity compensation? Equity compensation is non-cash pay that is offered to employees that many companies offer. While it might be clear to some, most people don’t fully understand the types and true meaning of their equity compensation. So let’s dive in. There are a few types of equity compensation that can be given…
One of the core reasons I started the company was because financial literacy and empowerment was lacking in the US education system and big firms made you believe unless you had a lot of investable assets, finding conflict-free financial advice was impossible. Investopedia is a fantastic website full of educational resources and is doing such great…
There has been Important changes to the Child Tax Credit that will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These…
Did you lose your company 401(k) when switching jobs? Well, you may be in luck. There is a proposed retirement legislation that’s pending in Congress that will be proposing a “lost and found database to help locate those accounts”. As people change their jobs from one company to another — “the average is 12 jobs,…
Just tied the knot? Or getting ready for the big day? Well, no matter the situation, you are about to take the next step with your partner and should probably start thinking about next steps for your financial future. Below we will list some newlywed topics to think about when taking those next steps with…
We know the past year and a half has been quite the whirlwind, and as we approach summer and the economy continues to re-open, we want to bring light to some financial stress individuals may be facing. Federal student loan payments are set to resume on October 1, after an unprecedented 19-month suspension that was…
Even though the coronavirus pandemic over, retirement accounts are thriving. Retirement account balances, which took sharp declines almost exactly one year ago, have now bounced back entirely, according to the latest data from Fidelity Investments, the nation’s largest provider of 401(k) savings plans. “Despite recent losses in the market, from January 2020 to the beginning…