How to Deal with Financial Stress
The Coronavirus or Covid-19 brought financial stress to many people and it is important to learn how to deal with financial stress. A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation. 39% were worried about job security48% worried about paying bills28%…
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Two Retirement Planning Approaches: Safety vs. Probability
Two Retirement Planning Approaches | According to Merrill, four of the most common risks to your retirement strategy are: A significant market drop shortly before or early in your retirementInflation reducing your spending power over timeUnexpected medical and/or long-term care expensesOutliving your assets If you are nearing retirement, it might be time to review your…
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Markets, Investments, Income & Zoom Security
We’ve seen a rise in the number of coronavirus cases and at the same time our economy, as said in the news, is not doing well wherein we are expecting the “worse is yet to come”. What we should be doing is to be well-informed in Markets, Investments, Income, Zoom Security, etc. We are sharing…
Read More → Financial Impact of Coronavirus
The coronavirus crisis is creating so many challenges and uncertainty which gives us a lot of worries when it comes to our personal finances -with this, it is essential to learn the Financial Impact of Coronavirus Our very own founder, Pat Strubbe, discusses the financial impact of coronavirus, what it means, and how you can…
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The Effects of Covid-19 To South Carolianian’s Finances
The Effects of Covid-19 To South Carolianian’s Finances The effects of Covid-19 to South Carolianians or living in SC’s finances are important to know so you can determine how to manage your finances. The new coronavirus or Covid-19 crisis brings economic uncertainty which leads to financial stress. Find out the Effects of Covid-19 To South…
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Baby Boomers Staying Home for Retirement
Baby Boomers Staying Home for Retirement (Retirement Planning) – In 1989, Harvard economists published a study concluding that as baby boomers aged out of the residential real estate market, there would be a glut of empty homes and prices would plummet. That clearly hasn’t happened yet, for a variety of reasons. Economists didn’t account for boomers’…
Read More →Student Loan Debt Affects More Than Millennials
SC Preservation LLC. | Common sense would suggest older workers have a much easier time saving than young adults. They are more likely to have already purchased a home, put kids through college and, by that point, are putting more money away for retirement. But Student Loan Debt Affects More Than Millennials… A recent study…
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Travel in 2020
A recent study revealed that young adults are more interested in spending money on experiences rather than material goods. In the study, 43 percent of respondents reported compromising on their daily expenses to save money for travel. One of the positive effects of globalization is young people have greater exposure to different cultures in different…
Read More →RMD Considerations
Financial Planning | With people living longer and benefiting from the long-running bull market, there are more factors to consider in taking required minimum distributions (RMDs) from retirement accounts. The traditional IRA, SEP IRA and 401(k) plans offer tax deductions on contributions and tax-deferred growth on earnings during the accumulation phase, but eventually the government…
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