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...
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...
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...
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...
Fear Sells
The media knows what sells, negativity. Newspapers, television, the web, social media, etc. are all fighting for your attention. They know that by reporting that a disaster is coming will likely catch your eye. Throughout history, financial media has loved using fear...
Social Security to Run Out of Money Sooner Than Expected
According to a new report from the US Treasury Department, the Social Security Administration will be unable to pay full benefits starting in 2034, a year earlier than previously expected. Millions of Americans get a large chunk of their retirement income from Social...
Best Short-Term Investments
While many investments are made for long term growth, there are occasions when you need money for short term expenses (i.e. a down payment on a house). When reviewing potential short-term investments this is what I look for: Stability – Small historical risk of losing...
10 Free Items to Get on Your Birthday
No need to worry about your budget! On your birthday plenty of businesses will give you free stuff. Here are some companies that offer items at no cost. For many you’ll have to sign up for their free rewards program or email list. Jersey Mikes – Free regular sub....
4 Charts on Stocks Making New All Time Highs
Record highs seem to be the norm this year. The index hit it’s 51st new high for 2021. So far, this year has been a great for stocks. Below are charts that help put it in perspective. New S&P 500 Highs by Year This chart, from our team at LPL Research, shows the...
How to Consolidate Your Credit Card Debt
Consolidating debt is the process of combining multiple debts from credit cards into one monthly payment. The goal is to lower your interest rate, which can help you save money and pay off your debt faster. There’s plenty to think about as you decide whether...
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.
