If you haven’t started already, it is time to plan for 2019 and for most people, you can’t just copy what you did in 2018. With the start of a new year come new contribution limits for retirement accounts. These changes are summarized in the table below, of course with a few caveats that are further explained.
There are certain fallacies identified by behavioral economists that impact how we make decisions as investors, and being the emotional creatures that we are, we tend to be heavily influenced by these.
2018 was the fourth year of our blog and what a year it was. The number of readers has grown, and we have continued to get positive feedback on the funny pictures and valuable content. We’ve had more topics to cover based on tax law changes and the concerns of our clients. If you missed any of the posts below or need a refresher on the topic, these are THE BEST OF 2018!
At the middle of December 2018, the year-to-date record of the US stock market as measured by the S & P 500 is not good. Most gains for the year have been erased and folks that is the end of the world as we know it!
Economics entered its modern sense in the nineteenth century, but economic thought certainly started long before that. However, economists almost always started from the assumption that people would do what was in their own best interest. In the last 20 or 30 years, some economists started to question this assumption. From this was born the subject of behavioral economics, als
Alabama’s 529 Plan recently received a “Silver” rating by Morningstar. The Silver rating makes the plan rate in the Top 8 in the country! That is a great rating, but you might be wondering why you shouldn’t just choose the Top “Gold” ranked plan? If there is a better plan, would I not want my money in that one for my child? If you live
Pop Quiz: When you pass away who owns your Facebook account?
According to a new report, The Financial Journey of Modern Parenting: Joy, Complexity and Sacrifice, many parents see their children’s adult years as the most expensive stage of parenting. This may sound shocking when you think about the childhood years of babysitters, braces, dance lessons and sports that contribute to the average cost of raising a child to age 18 at more than $230
One of the first questions we ask a new client is, "How much do you spend on a monthly and annual basis?" Half the people we ask have no idea, and the other half are usually wrong! Once we determine their actual spending, we discover that their "guesses" were usually low.
At the end of September Congress amended the Fair Credit Reporting Act to require reporting agencies to freeze reports for no charge. This was a result of the data breach at Equifax that exposes around 148 million Americans’ personal information. When you place a freeze on your reports, it restricts lenders from accessing your information. But just because it is free doe
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