People often want to know the exact amount of money they should save, invest, or spend towards a specific financial goal, but getting an accurate answer requires considering all aspects your financial situation, as well as where you live. Keep reading for our full insights, and a link to our coverage on the topic at GoBankingRates.
Buying a rental property for your college-aged child
As high school students and their parents finalize college plans, some families are turning their attention to a bold financial move to avoid high-cost college housing. What’s that? Buying a rental property for their child (and their friends) to live in. Several months ago I spoke to Ingrid Case at Money magazine, and in this blog I’ve included my full insights on the topic.
Is it a good idea to buy a house while prices are falling?
With high, persistent levels of inflation it’s no surprise that interest rates have been rising for some time now. But what remains to be seen is “how high?” and “how long does this last? Several months ago, I shared my insights on homebuying dynamics with Brian O’Connell from The Street, and in this blog, I’ve included my full thoughts on the topic.
How to balance saving for college and retirement
As college acceptances roll in, parents with children of all ages continue to consider ways they can help their children financially now, and in the future. And because many people are having children later in life than their parents might have, the competing interests of saving for college and retirement tend to be more pronounced. Here’s how to find balance between these two competing financial goals.
Mixed Signals: Record Low Unemployment As (Some) Industries Contract
2023 is off to an odd start with huge job losses in high-growth industries like tech, yet earlier this week unemployment hit a 53-year low. Clearly, various parts of the economy are affected in very different ways. In the fall, I spoke with Panos Mourdoukoutas from International Business Times on rising interest rates and inflation, and I’ve included my full thoughts along with an update here.
How much should I invest when I'm getting started?
When you’re trying to start investing, or invest more than you have before, two of the big questions that people face are: “How do I get started?”, and “How much should I invest?” Recently I interacted with Ivana Pino from Fortune, and in this blog update I’ve included my full thoughts on this topic.
Rising Rates: How Inflation Is Affecting the Housing Market
High inflation has caused interest rates to rise quicker than we’ve seen in the United States in more than 40 years. Why? As previously discussed, inflation is a dynamic and impactful symptom of an overheated economy. As everyone tries to keep up with inflation, it tends to become self-sustaining until, like a fire, it is smothered and stopped. It goes without saying that inflation can directly impact the housing market. Here’s what this means if you plan to buy or sell a home, or recently completed a transaction.
Recession - How Worried Should You Be?
With recession looming ominously on the horizon, how worried should you be about your financial world? Is it time to build a “fortress” around your hard-earned savings and investments? Regardless of whether a recession materializes, here are several tips to consider as you decide upon steps to fortify your personal finances.
Inflation – It’s ugly, and why the cure is, too
Rising Interest Rates: What It Means For Stocks
It’s no mystery that stocks have run into turbulence in early 2022, but have you noticed that on some days when unexpectedly positive economic data was released that the stock market was down? That’s because good news means that it’s time for stimulus to end. Keep reading to learn what this means for stocks.
3 Big Homebuying Mistakes: And How to Avoid Them
4 Easy Ways to End 2021 in Financial Success
As the weather takes a turn for the cold, it’s not unexpected to see leaves of all colors drop to the ground. Fittingly, that can be a subtle reminder to complete financial tasks before our own “green” falls through our hands and it’s too late to benefit (or avoid problems) after year end. Here are several topics you’ll want to be sure to address.
Your Job Change Financial Checklist
After landing a new opportunity, it feels so good to take some time to celebrate and run a victory lap before starting that new role. And because things will soon get hectic, it’s important to make sure that your money continues to work as hard as you do, and that you’re not leaving money behind.
Keep reading to learn the top 5 financial topics you’ll want to promptly address.
The Road to IPO – 3 things you need to do
In the year leading up to an IPO, there is a lot that needs to take place in order for a company (and its stock) to hit the ground running after going public. What many startup employees don’t realize is that they, too, have a lot that they need to take care of related to their stock options to achieve an optimal outcome.
If your company is planning to go public sometime soon, during the next 12-24 months, or recently completed an IPO, here are the top three things you need to be thinking about.
Inflation – The Good, The Bad, and The Ugly
After an economic downturn, it’s not uncommon to see a mismatch of supply and demand as battered sectors of the economy ramp up their operations and rehire workers. That’s why prices of highly sought-after goods and services tend to spike, at least in the short term, as buyers and sellers move towards a more balanced level of capacity. So here we’ll walk through why inflation is a bit of a goldilocks situation in that getting just the right amount of inflation is key in order for most people to benefit from its effects.
Tax reform - 3 factors you should consider
With tax day behind us, many people are now looking ahead to the potential impact of tax reform. Although the outcome is far from clear at this point, our emotional response says a lot about our current financial situation, and I’ve observed most people reacting by being either upset, or concerned and worried. Keep reading to learn about three items to consider as tax reform progresses (or not) during 2021.
Stock options – Avoid 4 common mistakes when your employer is acquired
Acquisition can be one of the few opportunities for employees to cash out their equity without leaving anything on the table, but from a practical standpoint it’s rarely that simple. That’s why if your employer is getting acquired, you’ll want to avoid several common mistakes we’ve outlined below to make the most of a windfall from your stock options, restricted stock, or restricted stock units (RSUs)
Homebuying – 3 Tips To Stay Sane When The Market Isn’t
For anyone who has considered purchasing a home recently, the behavior of market participants (some of them, at least) has brought back painful memories of the overheated housing market collapse that preceded a collapse during the Great Recession in 2008-2009. That’s why if you’re looking to buying a house, you’ll want to consider these three tips to stay level headed with the biggest purchase decision of your life.
Home prices - here’s why they’re soaring
It’s no mystery that there has been a supply and demand imbalance for single family homes during the last year as many households contemplated urban flight (or suburban expansion), but this is only one of the factors that has caused home prices to surge so quickly. So then, what is the cause? Put simply, it’s about interest rates.
Tech stocks – Why rising interest rates affect stock prices
Recently, there has been chatter that rising interest rates are the culprit for turbulence among high growth stocks which saw huge gains in 2020. This follows a recent selloff in tech stocks which coincided with a fairly rapid rise in the 10-year US treasury rate. Here’s why the two are connected, and this is especially true among the fastest growing firms.