Money Advice

Is a robo-advisor something you should consider?

Posted by The Simply Money Advisors Team on Aug 18, 2017 11:47:45 AM

What are your financial goals? Do they include paying for your children’s education? Maybe you want to buy a boat and travel the world. Everyone has different goals and sometimes they can be extremely complex.

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Topics: Financial Planning

I shouldn't use my credit card where?

Posted by The Simply Money Advisors Team on Aug 9, 2017 12:33:49 PM

As a society, we use credit cards so often that it's become a mindless activity. Plastic makes it simple to pay for anything. You no longer need to carry around cash. With one swipe of your card, most of your daily activities and bills are paid for. And you probably assume that your credit information is always safe and protected - but this may not be the case in all locations.
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Topics: Identity Theft

Understanding disability insurance

Posted by The Simply Money Advisors Team on Aug 2, 2017 3:30:00 PM

Did you know you have a 20% chance of becoming disabled at some point during your working lifetime, according to the United States Census Bureau? The thought is, “That will never happen to me.” But you can never be sure since accidents happen at unexpected times.

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Topics: Financial Planning

Country’s ‘report card’ comes in so-so

Posted by The Simply Money Advisors Team on Jul 31, 2017 3:16:39 PM

The economy's “report card” is in, and the results are more of the same. The U.S. economy grew 2.6% in the second quarter (April through June). So, for the first half of 2017, the economic growth rate is 1.9%. This is in line with the five-year average growth rate of 2.2%.

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Topics: Economy

Here's an easy way to save on back-to-school supplies!

Posted by The Simply Money Advisors Team on Jul 27, 2017 1:00:00 PM

Crayons, markers, notebooks, and electronics are starting to crowd the shelves in every Tri-State store. So you know that that means: it's back-to-school season and it’s time to get everything your student needs for the school year!

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Topics: Budgeting

How to get the most out of your future Social Security benefit

Posted by The Simply Money Advisors Team on Jul 26, 2017 2:41:19 PM

The sky is falling! The sky is falling!

It seems as though everyone who talks about Social Security is a “chicken little.” All the information you hear is nothing but doom and gloom. Some of the information may be accurate, but it can be hard to tell what’s real, what’s blown out of proportion, or what’s even so-called “fake news.”

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Topics: Social Security

Good news for corporate profits and your financial plan

Posted by The Simply Money Team on Jul 24, 2017 3:04:39 PM

This Friday, July 28th, we’ll get the economy's ‘report card’ in the form of the latest Gross Domestic Product (GDP) number for April through June. The GDP is the value of all goods and services produced during a specific period of time. Economists expect that spending from you, the consumer, improved enough to push economic growth to 2.5%, which would be better than the first quarter's 1.4% growth rate. However, it's still not as strong as most were hoping for a few months ago. Simply Money Advisors expects that the U.S. economy will grow around 2% (or slightly higher) for the 2017 calendar year. 

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Topics: Economy

Are you and your spouse financially 'compatible?'

Posted by The Simply Money Advisors Team on Jul 19, 2017 1:37:19 PM

Have you ever heard the statistic that more than 50% of marriages end in divorce due to finances? The majority of respondents said the only thing they knew about their spouse when they got married was their income, according to a recent study from credit bureau Experian. But there is so much more to financial compatibility than how much money you make!

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Topics: Personal Finance

Everything's hinging on inflation right now

Posted by The Simply Money Advisors Team on Jul 17, 2017 2:04:57 PM

Last week, Wall Street investors focused on the semi-annual Congressional testimony of Janet Yellen, the Chair of the Federal Reserve (our nation’s central bank). They hoped to get a better idea of the Federal Reserve's plans for future short-term interest rate hikes. Ultimately, Chair Yellen indicated that future moves would be dependent on inflation. She stated the Federal Reserve expects the strong job market will lead to higher inflation as more people find work. However, there is little inflation in our economy today. This is important because the Federal Reserve has a goal of 2% inflation, but its preferred inflation measure is only 1.4% over the past year. This is one reason some economists are skeptical that the Federal Reserve will raise interest rates again this year. 

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Topics: Economy, Federal Reserve, Interest Rates

8 tricks for increasing your chances of getting a discount

Posted by The Simply Money Advisors Team on Jul 12, 2017 3:00:56 PM

You work hard to stick to a budget and plan for extra expenses, so why pay more for products or services you’re in search of? With a little research and time, you may be able to decrease the purchase price significantly. Here are a few ways you can ask for a discount.

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Topics: Deals & Discounts


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