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How to help your adult kids without giving money

Posted by The Simply Money Team on May 9, 2018 2:23:26 PM

“You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.”

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Topics: Budgeting, Retirement

These tips can help protect your parents from scams

Posted by The Simply Money Team on May 2, 2018 3:31:18 PM

Your parents are a prime target for scammers. The elderly lose about $3 billion every year to a variety of scams and thieves, according to the government; everything from Social Security scams to IRS scams, to financial abuse, to online dating scams.
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Topics: Scams & ID Theft Alerts

3 skills you need to master an amazing family budget

Posted by The Simply Money Team on Oct 18, 2017 3:17:02 PM

Budgeting doesn’t have to leave you feeling restricted. It should be a tool you use to stay on track toward your financial goals. It’s a key part of your personalized financial plan. It helps you see your progress.

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Topics: Budgeting

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

How will the new 'fiduciary rule' affect your retirement money?

Posted by The Simply Money Team on Jun 9, 2017 1:06:06 PM


Today, the Department of Labor’s “fiduciary rule” goes into effect. This means stockbrokers providing financial advice on retirement accounts must now prioritize your best interest. According to the White House Council of Economic Advisors, conflicts of interest with financial advisors and brokers account for client loss of $17 billion every year. This may seem surprising that financial advisors and brokers weren’t always required to have your best interests in mind. 

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Topics: Investing, Economy, Retirement

The three reasons to sell a stock

Posted by The Simply Money Team on Jun 7, 2017 12:38:49 PM

Buy, sell, hold! How can you determine when to buy or sell stocks? The financial media has made the stock market confusing and hard for you to understand. Every “expert” has an opinion and nothing seems to make sense. Many investors, like you, are in a constant search of that one person who knows all the answers and can “beat” the market.

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Topics: Investing

6 simple ways to help grow your money

Posted by The Simply Money Team on May 24, 2017 4:01:16 PM

Have you started saving for retirement? Vanguard’s “How America Saves 2016” report shows that one third of Americans contribute less than 4% of their income to their retirement. Saving any amount for retirement can be challenging, but it’s important for a strong and secure financial future.

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Topics: Budgeting

Impeachment worries yield rapid movement in stocks

Posted by The Simply Money Team on May 22, 2017 2:45:55 PM

Stocks were only modestly lower last week amid reports that President Donald Trump allegedly asked former FBI Director James Comey to drop the investigation concerning former National Security Advisor Michael Flynn's connection with Russia.

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Topics: Investing, Economy

You need to get aggressive with your money (but not how you think)

Posted by The Simply Money Team on May 17, 2017 3:00:35 PM


As you plan for your retirement, and try to save for retirement, we know your money is getting pulled in about 100 different directions. Competing needs can make setting aside your monthly “profit” a challenge. But here’s why you need to make it a priority.

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Topics: Investing, Financial Planning, Retirement

Economy grows steadily while corporate profits surge

Posted by The Simply Money Team on May 15, 2017 2:53:31 PM

Wall Street investors may eventually focus on President Trump's decision to fire FBI Director James Comey, but at this point, there appears to be little economic downside because of this.

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Topics: Economy

Disclaimer

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Simply Money Advisors), or any non-investment related content, made reference to directly or indirectly will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, this content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained here serves as the receipt of, or as a substitute for, personalized investment advice from Simply Money Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Simply Money Advisors is neither a law firm, a certified public accounting firm, nor a tax advisory firm and no portion of the blog content should be construed as legal, accounting, or tax advice. Please consult your own attorney, accountant, and tax advisor for legal, accounting, and tax advice. A copy of the Simply Money Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Advisory services offered through Simply Money Advisors, a SEC registered investment adviser. Insurance services are offered through Simply Money Insurance Agency, a separate entity from Simply Money Advisors. Simply Money™ and the spiral symbol are trademarks of Simply Money IP Holdings, LLC.

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