Every year, the IRS publishes whether or not there will be any new updates to their retirement plan contribution limits and income requirements. With inflation stubbornly hovering over 8 percent for most of 2022, many people guessed that contribution increases were on the horizon - and they were right! In this post, we'll review those... Continue Reading →

A falling stock market is a scary time to invest. At times it can feel a lot like you’re throwing good, hard-earned money at something bad – like a sinking ship! This might cause you to ask: What’s the point? Should I just turn off my retirement contributions for a few months until things turn... Continue Reading →

Where do you put all the money that you earn from your paycheck?  If you're like most people, then the answer is that it most likely goes straight into your checking account. This is pretty typical considering that those funds are turned right back around to pay for your regular monthly expenses such as the... Continue Reading →

Like it or not, everything costs more than it used to. As of July 2022, the U.S. Bureau of Labor and Statistics reported that inflation had risen 9.1 percent (as measured by the 12-month change in the Consumer Price Index or CPI). Even though the Federal Reserve is taking steps to curb inflation by raising... Continue Reading →

When you're young and in your 20s, saving your money is the last thing on your mind. For many people, this is the first time they've ever had a professional job and are earning "real money" from something other than a part-time summer job. Their first impulse might be to spend it on something fun... Continue Reading →

What would you do if you suddenly were faced with a major expense like a $1,000+ car repair or the roof started to leak? Or what about if another pandemic were to strike and put you out of work indefinitely? According to a nationwide poll by Bankrate, fewer than 4 in 10 Americans have enough... Continue Reading →

Saving money isn’t always just about restraining yourself from unnecessary purchases and shopping around for the best price. An often-underutilized approach is to focus on making changes to your lifestyle that will incrementally make steps towards financial success.  The good news is that not only will adopting these habits put more money back into your... Continue Reading →

Are stuck trying to determine how much money you should be contributing to your 401k? It's a tough decision to make because even though you know that more is better, you also probably need your money now. So how much do set aside without cutting your paycheck down to the bone? Most financial advisors will... Continue Reading →

You’ve probably heard someone tell you already that you need to be saying more money if you want to make a big purchase (like a down payment on a house) or be able to retire someday. But between all the bills and expenses, that’s easier said than done. Fortunately, living paycheck to paycheck does not... Continue Reading →

If there’s one retirement account that nearly everyone should consider making part of their nest egg, it’s a Roth IRA.  Since their invention, Roth IRAs have been hailed by financial gurus and retirement planners alike as one of the best deals you can get. This is not only because of the unique and creative way... Continue Reading →