It’s been a tough year but in many ways it has been necessary, and good. Obviously, the news focuses continually on the challenges facing the economy. I think the four biggest are inflation, the labor shortage, supply chain issues and higher interest rates. Our main economic issue today is inflation and that is significantly driven…
As a CFP® professional, sometimes I feel like the doctor who, when a stranger learns their career, they immediately pull up their pant leg and say something like, “Well Doc, while I’ve got you here would you mind taking a quick look at this thing.” During tough stock markets like we’ve had the past few…
Recent investment news has focused on the Federal Reserve(Fed) raising interest rates to combat inflation. So, what does that mean and how might it affect average Americans? The Fed was established by congress in 1913 in an effort to create a stable banking system. It was initially given three main purposes, two of which being…
Recent research by a major financial firm revealed that today’s teenagers are much less prepared than their parents were to make good financial and investment decisions. The research showed children are not being taught about money in the home, nor is there much of an effort in public schools to do so, with only 10…
A few weeks ago, I was at my mom’s house with several of my siblings going through boxes of endless memories she had accumulated over her lifetime. She decided it was time to give to each of us the many personal treasures she had carefully stored in our own personal boxes. Report cards, medical records,…