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...

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...

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...

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...

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...

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...

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...

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...

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...