Money Management Archives |

EIDL Interest

Most people who took the EIDL advances where under the impression that there was no interest accruing in the first year, nor the extension.  There were just no payments due. Interest was accruing and now the original payments that were sent are not enough to cover the...

The Golden Handcuffs

There are now many homeowners who want to move out of the starter house into a larger one, or smaller if they wish to contract since you are now an empty nester.  But they are locked in the “golden handcuffs” of low mortgage rates and find it too daunting to sell...

Pay yourself first

As a small business owner when cash gets tight the first thing to go is the owner’s salary, or at least a portion of it. This may not always be the right thing to do.  I know too many who pay themselves so little in wages that their SS benefits are scheduled to be...

Financial Planning

Do you have a pile of investments you call a nest egg.  Or do you have a retirement plan? I have both. The bulk of my investments are in a balanced portfolio that rebalances every quarter and the holdings are reviewed every couple of years.  Then I have an E=Trade...

Financial Discussions

As a financial professional I am amazed by how many people refuse to have an adult conversation about their financial position or estate planning. My wife has told me repeatedly that she is uncomfortable with the topic and her family never talked about such things. ...

Roth conversions

2021 seemingly was the year of Roth conversions.  We had multiple clients joint our regulars who do annual conversions. A Roth conversion needs to go directly from brokerage to brokerage with no income limitations as well as no conversion amount limitations. But all...

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