Should You Be Worried About Inflation?

Should You Be Worried About Inflation?

Prices for U.S. consumer goods jumped 6.2% in October compared with a year earlier. This is the highest inflation has been since 1990. While this sudden jump may be concerning, the inflation from October 2019 to October 2020 was just 1.2%, so the two-year inflation...

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5 Tips to Become a 401(k) Millionaire

5 Tips to Become a 401(k) Millionaire

If you’ve been putting away money for retirement, you have likely noticed your accounts are near all-time highs.  The average 401(k) balance now stands at $123,900. The number of 401(k) accounts with balances of at least $1 million is 412,000*. How do you become a...

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Where To Save First

Where To Save First

This guide will walk you through the best places to put your money. Following this can lead to massive tax savings and help protect you during down markets.  1. Emergency Fund An emergency fund is money set aside for unexpected expenses. Some common examples include...

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Why the Stock Market Goes Up Long Term

Why the Stock Market Goes Up Long Term

There’s nothing the stock market has yet to overcome. We’ve seen two world wars, a depression, multiple recessions, pandemics, and more. Why does the stock market continue to go up over the long term? Here are a few answers:  InnovationThe pace of innovation has been...

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5 Truths About the Stock Market

5 Truths About the Stock Market

There are a lot of misconceptions that can lead people to making poor investment decisions. In this article, I’ll go over 5 truths of the stock market that can help you along your investing journey.  In this post, the stock market is represented by the S&P 500...

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What Does It Take to Be in the Top 10%?

What Does It Take to Be in the Top 10%?

With all the talk of wealth inequality, it makes sense to take a look at what it takes to be considered rich in the United States.The chart below shows the net worth of Americans broken up by percentiles. I personally like looking at this from time to time to see how...

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October is National Financial Planning Month

October is National Financial Planning Month

October is national financial planning month, and it serves as a good reminder to review your finances. Let’s look at a few topics to discuss with your financial planner. Financial PositionGetting an accurate picture of your current financial position is the first...

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What is the 50/30/20 Budget Rule?

What is the 50/30/20 Budget Rule?

The 50/30/20 rule is an easy budgeting technique that divides your income into three categories: 50% for needs, 30% for wants, and 20% towards savings or debts. This can provide you with a clear big picture overview of your budget each month and can help prevent...

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Financial Gifts for Kids

Toys and clothes will come and go, especially for younger children. If you want to give a gift that will last, think about investments. These gifts may not be the most exciting at the time, but they could end up being the most appreciated in the future. In this...

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Analyzing the New Tax Proposal

Analyzing the New Tax Proposal

Democratic lawmakers have advanced legislation containing many elements of President Biden’s original ‘American Families Plan’. These tax increase would raise more than $2 trillion over the next decade, according to the Center on Budget and Policy Priorities...

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Plan to Rise Above®

Welcome to the Plan to Rise Above® Blog. Continue to check back for new and exciting content in the world of financial planning, wealth management and personal finance.

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