Investing

What’s the Buzz with Bitcoin?

What’s the Buzz with Bitcoin? Look before you leap. Hardly a day goes by that the topic of bitcoin or other cryptocurrency assets doesn’t come up in meetings with clients and prospects or from friends and relatives who want to know, “what all the buzz is about?” The message is the same, regardless of who’s asking. Cryptocurrency is not a currency at all. It’s a speculative asset class that is not appropriate for everyone. Only people with a high-risk tolerance [...]

By |2021-03-05T14:42:46-05:00February 22nd, 2021|Investing|Comments Off on What’s the Buzz with Bitcoin?

New I.R.S. 2020 Contribution Limits

New I.R.S. Contribution Limits Changes for 2020.   The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. *Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you will be 50 or older at any time in 2020.1,2 *Annual contribution limits for 401(k)s, 403(b)s, the federal Thrift Savings Plan, and most 457 plans also [...]

By |2020-01-02T11:29:45-05:00January 2nd, 2020|Investing, Retirement|Comments Off on New I.R.S. 2020 Contribution Limits

Diversification, Patience, and Consistency

Diversification, Patience, and Consistency Three important factors when it comes to your financial life. Regardless of how the markets may perform, consider making the following part of your investment philosophy: Diversification. The saying “don’t put all your eggs in one basket” has real value when it comes to investing. In a bear or bull market, certain asset classes may perform better than others. If your assets are mostly held in one kind of investment (say, mostly in mutual funds or [...]

By |2019-09-24T10:14:39-04:00August 22nd, 2019|Investing|Comments Off on Diversification, Patience, and Consistency

Investing Means Tolerating Some Risk

Investing Means Tolerating Some Risk That truth must always be recognized.                         When financial markets have a bad day, week, or month, discomforting headlines and data can swiftly communicate a message to retirees and retirement savers alike: equity investments are risky things, and Wall Street is a risky place. All true. If you want to accumulate significant retirement savings or try and grow your wealth through the opportunities in the markets, this is a reality you cannot avoid. Regularly, [...]

By |2018-12-05T11:19:37-05:00November 27th, 2018|Investing, Retirement|Comments Off on Investing Means Tolerating Some Risk

Save & Invest Even if Money Is Tight

Save & Invest Even if Money Is Tight For millennials, today is the right time.  If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential advantages of an early start. There is only one problem: you do not earn enough money to invest. You are barely getting by as it is. Regardless, the saving and [...]

By |2018-11-16T11:51:53-05:00October 16th, 2018|Financial Fitness, Investing|Comments Off on Save & Invest Even if Money Is Tight
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