Ah, spring! A time to go through your house and purge everything from those jeans you haven’t worn in a year, to those toys your kids lost interest in long ago, to those old, beat-up golf clubs that are just sitting in the corner in the garage… and all that other junk in the attic you’ve been holding on to forever because you “might need it someday.”
Fear is on the rise as Wall Street considers what might happen if the U.S. decides to take military action against North Korea. Any conflict would probably result in a drop in stock prices; however, that move would likely be short lived.
There are a lot of ways you can save money for the future. Some of the most common include a traditional 401(k), Roth 401(k), traditional IRA (Individual Retirement Account), Roth IRA, HSA (Health Savings Account), and even “taxable” investment accounts. Whew! So how should you prioritize your saving to be the most tax efficient? First, a few definitions:
This week two of the most powerful people in the world - U.S. President Donald Trump and Chinese President Xi Jingping meet for the first time. Mr. Trump was a strong critic of the Chinese when campaigning for president, accusing them of stealing middle class jobs and manipulating their currency. One of the main questions is whether Mr. Trump's tough talk will lead to a strong negotiating position...
The last two weeks have been a sports fan’s dream – March Madness has lived up to its name! And if you filled out a bracket (or two, or three), we know you’ve been doing a lot of “scoreboard watching:” Which team is winning? Losing? Who’s making a comeback? Is there an upset alert?
Last Friday, Congress decided not to change The Affordable Care Act by not even voting on its potential replacement, The American Health Care Act. While it's debatable if this is good for the country or not, this failure is causing some Wall Street investors to wonder what it means for President Trump's pro-business economic policies – tax reform and infrastructure spending.
Just recently, federal officials arrested a Warren County man and his wife who admitted to defrauding investors out of more than $70 million! And before you say, “Oh, that could never happen to me,” that’s probably what these latest victims thought to themselves as well.
The Federal Reserve, our nation’s central bank, raised interest rates last week by 1/4 of a percent and suggested that two more increases are likely in 2017.
We’re just about a month away from Tax Day (April 18th). And as you’re scrambling to file, chances are pretty good that right now is the only time of year you think about your traditional IRA (Individual Retirement Account) or Roth IRA.
The path is clear for the Federal Reserve Bank (the Fed), our nation’s central bank, to raise interest rates this week for just the third time in almost eleven years.
Most people don’t like conflict. It’s not good in your relationships, where you work, and it certainly isn’t a good thing when it comes to your money.
Stocks were mostly higher last week thanks to an address President Trump delivered to a joint session of Congress on Tuesday evening that was much more positive than his previous speeches. President Trump confirmed he was seeking a $1 trillion infrastructure spending plan, but no other specifics about his economic policies were provided.
If you’re in the Simply Money Advisors’ Retirement Red Zone and still 20 years from retirement, your Social Security benefits are probably the last thing on your mind right now. But regardless of your age, if you pay into the system, there’s one thing you should do – and it’s incredibly easy.
After a strong start to the year, stocks were little change last week. Markets are likely looking ahead to President Donald Trump's speech to a joint session of Congress on Tuesday, February 28th in the hopes that new information about his economic policies will be revealed.
Your 401(k) is terrible. We don’t necessarily mean your particular plan is terrible. We mean the whole concept of a 401(k) is just rotten – and it’s doing you an injustice. It’s a voluntary system that’s turned into a failed experiment.
Following the U.S. presidential election, the way you’re feeling about the economy has improved, but there has been little evidence that this has resulted in any change to your spending habits. However, at Simply Money Advisors, we are starting see some strength.
The idea of someone stealing your personal information and identity is scary. And now that we’re in the midst of tax season, it’s an even greater threat: according to the U.S. Federal Trade Commission, tax identity theft (also known as “tax refund fraud”) is the main reason there’s been a 47% spike in general identity theft.
Since President Trump took office, investors like you have noticed that there has been little progress in his stated economic policies. But that changed last week.
We’re officially in the midst of tax season! Are you excited yet? OK, maybe not. So here’s a better question for you: Do you normally get a refund? If you answered yes, that’s definitely not something you should get excited about.
Last week's economic data were mostly positive, and that pushed most major stock market indexes higher.
Have your adult kids made their way back to you and started living at home once again? If they are, you’re not alone. New research shows that 34% of Millennials (18-34 year olds) in Ohio are living with a relative, while almost 33% in Indiana, and 30% in Kentucky. And when the kids come back, this means your family budget could take a hit.
Stocks shrugged off disappointing economic news to move higher last week, highlighted by the Dow Jones Industrial Average finally topping the psychological milestone of 20000.
If you’re still decades away from retirement, it’s easy to think you don’t need a financial plan for your money. After all, it’s so far away! But here’s the thing: financial planning isn’t just about retirement planning. Creating a financial plan can be a fantastic way to accomplish your shorter-term goals as well.
On a morning financial TV show this morning, someone compared the Dow Jones Industrial Average crossing the 20,000 mark to Neil Armstrong’s first steps on the moon: “We’ll remember where we were!”
Donald J. Trump was sworn in as the 45th president of the United States on Friday, January 20th, and investors like you are immediately wondering how President Trump will follow through on his "America First" agenda.
With Donald J. Trump being sworn in on January 20th as the 45th President of the United States, investors like you are wondering what it means for the economy and your money. Mr. Trump’s economic policies that could have the biggest impact in 2017 are tax reform, government spending, and global trade.
Do you have an age in mind for when you’re going to retire? Maybe you have an actual date circled on the calendar? We’ve found that for two out of five of you, you might be able to stick with your plan. But if you’re the other three out of those five, you’ll learn the hard truth that retirement is many times something that happens to you.
Topping the list of events for investors like you this week is not an economic release, but the inauguration of Donald J. Trump as the 45th President of the United States on Friday, January 20th.
Are you ready for this? Every year, thanks to overdraft fees, U.S. banks make about $11 billion off you and their other customers, according to a recent study from the Pew Charitable Trusts.
Stocks got off to a strong start in the first week of 2017 with Dow Jones Industrial Average falling just short (0.37 points) of the 20,000 level milestone. Stocks are clearly in an uptrend, and at Simply Money we expect higher prices in the months ahead.
When it comes to the latest financial scams making the rounds, you have to give the con artists credit – their newest one certainly does not lack for boldness.
Stocks rallied again last week after the Federal Reserve (Fed), our nation’s central bank, voted not to raise interest rates this month. While few expected the Fed to act last week, official statements suggest the path to higher interest rates now looks clearer.
If you’ve been watching the news, you know Wells Fargo has recently agreed to pay a $185 million fine plus return $5 million in fees wrongly charged to customers. The basis of the settlement stems from the bank’s employees allegedly opening more than two million bank and credit card accounts without the customers’ permission.
Unpredictability in the stock market picked up last week due to lower oil prices and opinions about the timing of the next rate hike by the Federal Reserve (Fed), our nation’s central bank. This summer has been historically calm for markets, leading markets to trade without big gains or losses.[i]
Back in 1687, Isaac Newton published his famous laws of motion in a book called Mathematical Principles of Natural Philosophy. The third of these laws says that for every action there is an equal and opposite reaction. According to new research on college savings, this law might have more direct relevance to the world of personal finance than previously believed. How so? We’ve been hearing wi...
After trading flat for most of last week, stocks sank on Friday due to concerns of a future interest rate hike by the Federal Reserve (Fed), our nation’s central bank. Surprise comments by a Fed member increased speculation that a rate hike may come this month. [i] When markets are quiet, even rumors can be enough to spark a selloff.