Yesterday’s not-so-unexpected news of the Federal Reserve raising its benchmark interest rate to 0.25% ended the Zero Interest Rate Policy (ZIRP) it instituted nearly a decade ago. No can kicking this time, so what does that mean for your own finances? Probably not much in the near term. One small interest rate hike is unlikely to have much of an immediate impact on your budget, but that doesn’t mean you should ignore the increase....
A New Year's Resolution
12 Days of Christmas – Annual Inflation Update
It’s Not Just About How Much You Save
When clients first come in to start the retirement planning process, most have no idea if the money they’ve been socking away in their 401(k)s over the years will be enough to sustainably generate their income needs in retirement. In fact, usually all they focus on is building the pile up; very rarely do I run into someone who has actually worked backwards from income needs to the amount of money that they need to save....