5 Questions About Long-Term Care

5 Questions About Long-Term Care

ASK A FINANCIAL PLANNER 1. What is Long-Term Care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that’s given by professional health care providers such as nurses, therapists, or aides under a… Read more »

Wills vs Trust

Wills vs. Trust: Know the Difference

ASK A FINANCIAL PLANNER Wills and trusts are common documents used in estate planning. While each can help in the distribution of assets at death, there are important differences between the two. What is a Will?  A last will and testament is a legal document that lets you direct how your property will be dispersed… Read more »

Coping with Market Volatility

Coping With Market Volatility: Be Sure to Use Appropriate Benchmarks

ASK A FINANCIAL PLANNER Do you find yourself glued to the daily news reports on market movements wondering about your own savings and investments? Before you make any hasty decisions, be sure you understand how these reports relate — or don’t relate — to your individual portfolio. The variance in the returns of different portfolios… Read more »

Investment Biases

How Do Biases Affect Investment Decisions?

ASK A FINANCIAL PLANNER When it comes to your finances, “go with your gut” might not be the wisest adage to follow. In fact, it may work against you, particularly in periods of market turbulence. Before jumping to conclusions about your finances, consider what biases may be at work beneath your conscious radar. Recency bias… Read more »

Relief for Student Aid

Federal Student Loan Borrowers Get Expanded Relief in CARES Act

On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.1 Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For more… Read more »

Stay on Course

Coping with Market Volatility: Continuing to Invest May Help You Stay on Course

ASK A FINANCIAL PLANNER In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part… Read more »

Bear Markets Come and Go

Bear Markets Come and Go

ASK A FINANCIAL PLANNER The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end. If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is… Read more »

Should I Invest or Pay Off Debt?

Should I Invest My Extra Cash or Use it to Pay Off Debt?

ASK A FINANCIAL PLANNER To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt…. Read more »

College Saving Options

College Saving Options

ASK A FINANCIAL PLANNER For the 2019-2020 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students was $26,590, the average cost at a four-year college for out-of-state students was $42,970, and the average cost at a four-year private college was $53,980. The COA figure… Read more »

Coronavirus Concerns?

Coronavirus Concerns? Consider Past Health Crises

ASK A FINANCIAL PLANNER During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.9% on the first Monday in March.¹ By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of… Read more »