Power of Long-Term Investing (Updated)
The most important dynamic in investing is time. Time and the concept of compounding should be simple and practical but are often misunderstood and overlooked. Source: Jeremy J Siegel, Stocks for the Long Run. The definitive guide to financial market returns and long-term investment strategies, McGraw Hill, 2014, pp6. This chart is a great representation […]
Pros and Cons of Buying vs. Leasing a Vehicle
With the ever-changing landscape of automobiles, we are seeing more and more questions regarding buying vs leasing vehicles. The answer to the question is not cut and dry, as there are pros and cons to both choices. Each individual must weigh the different options to come to the proper conclusion. In this blog, we will […]
Do I Really Need to Buy Life Insurance?
The answer to this question is probably yes if you are 30 something, are growing your family or have recently bought a house and you really have not addressed your life insurance death benefit since you took your first job!! Insurance, in general, is viewed as somewhat of a necessary evil, so many people avoid […]
Student Loan Payments Are Back
In March 2020, federal student loan borrowers were allowed to skip their monthly payments, and their interest rates would be 0%. Borrowers were unsure when this would be lifted but as of June 30th, 2023, President Biden has announced the final decisions on student loan forgiveness and repayment plans. The Supreme Court has struck down […]
Good Debt vs. Bad Debt
You will probably take on some type of debt based on your financial needs and goals during your lifetime. Depending on the amount, interest rate, and reason will determine whether the debt is considered good or bad debt. Good debt typically has a low-interest rate, which will help build your credit score and increase your […]
Compound Interest: The Eighth Wonder of the World
Would you rather have one million dollars in cash or one dollar that doubles for 20 days straight? At face value, you might think “Why would I not take the one million dollars over one dollar right now?” Thinking this way would be short-sighted because, with a little bit of patience, you would be awarded […]
Cryptocurrency Taxation
Do I have to pay income tax on my cryptocurrency (“Crypto”) transactions? Will my Crypto transactions be reported to me? Over the past couple of years, we have heard these questions, and others like them, quite frequently. If you disposed of your Crypto during the year from a taxable account, the short answer is yes. […]
Investing vs Gambling: What’s the Difference?
Gambling has never been so popular and accessible as it is today. Sports gambling is now legal in over half of the US. And if you live in one of the states, like Ohio, where it recently became legal, this is no news to you. Like gambling, investing has also grown in accessibility with the […]
Financial To-Do’s When Starting A New Job
Starting a new job and/or switching careers can be a financial stressor in people’s lives. Outlined below are some of the most important financial to-do’s when starting a new job: Enroll in new employer sponsored retirement plans 1. Savings strategy Your first step in enrolling in a new retirement plan is to assess your […]
3 Financial To-Do’s When Having Children
Five years ago, Allisha Curtis wrote a blog titled “Preparing Financially to Start a Family”. This was a great blog for couples thinking about having children. The intention with this piece is to keep this topic top of mind and highlight three of the more important things for young couples to do once they have […]