Money Advice

When a guarantee isn't guaranteed

Posted by The Simply Money Advisors Team on Jun 6, 2018 3:56:02 PM

The word “guarantee” comes with a heavy burden. When you make a guarantee, or someone makes one to you, it’s expected. It’s promised. It’s considered a “lock.” Not surprisingly, not many things in life are guaranteed – guarantees are tough to actually follow through on.

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Topics: Social Security

Tricks for paying off your mortgage early

Posted by The Simply Money Advisors Team on May 30, 2018 2:59:20 PM

Wouldn’t it be nice to not have to worry about your mortgage payment? Wouldn’t it free up a lot of extra cash for other expenses?

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Topics: Financial Planning

Inflation and interest rates still low, economy and earnings still strong

Posted by The Simply Money Advisors Team on May 29, 2018 11:13:52 AM

Despite the holiday-shortened week, there is a deluge of economic data this week. Specifically, Wall Street will be paying very close attention to the May jobs report released on Friday, June 1.

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The ins-and-outs of a 401(k) in-service distribution

Posted by The Simply Money Advisors Team on May 23, 2018 3:39:36 PM

At Simply Money Advisors, we like to educate you on all of your options for retirement planning. There are many different aspects you have to consider, including lifestyle, tax strategies, insurance, and retirement accounts.

Another factor to think about is a potential ‘in-service distribution.’ Not all 401(k) plans give you this option, but it may be something to consider if yours does. 

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Topics: 401(K), Retirement

U.S. and China declare trade war truce, higher interest rates and oil prices the new concern

Posted by The Simply Money Advisors Team on May 21, 2018 12:22:37 PM

The U.S. and China have declared a truce on the trade war that has been troubling Wall Street. Over the weekend, Treasury Secretary Steven Mnuchin said, “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold...”

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Topics: Economy

Single? How you should approach retirement planning

Posted by The Simply Money Advisors Team on May 16, 2018 3:28:40 PM

With more Americans forgoing or prolonging marriage, as well as an increase of divorces for those over the age of 50, many of you may end up retiring single. And while being single can have its advantages such as not saving for college if you don’t have children, there are some specific retirement planning challenges that single individuals may face. 

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Topics: Retirement

Oil prices rising, but U.S. economy still healthy

Posted by The Simply Money Advisors Team on May 14, 2018 12:13:22 PM

U.S. relations with the rest of the world dominated headlines last week and will likely take center stage again this week.

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Topics: Economy

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

Unemployment rate reached 17-year low as more people leave the workforce

Posted by The Simply Money Advisors Team on May 7, 2018 1:44:15 PM

The devil is in the details. Even though April's unemployment rate dropped from 4.1% to 3.9%, hitting a 17-year low, it wasn't because significantly more people found jobs. It was actually due to 236K people dropping out of the labor force. In a separate part of the April jobs report, businesses reported they were employing 164K more people than the prior month. 

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Topics: Economy

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


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