Reading Time: 3 minutesLast month the Fed announced a rate hike of 75 basis points, or 0.75%, the fourth raise this year, in an effort to curtail inflation. The Federal Funds rate now stands at 2.25 to 2.5%. While there was no noticeable market impact, it’s important to understand the trickle-down effect this may have on other rates […]
Reading Time: 2 minutesGiven the run up, there are many concerns about inflation’s impact on Social Security and retirement. Here are three main points to keep in mind. #1 One question we are getting a lot is, “Does Social Security increase with inflation?” We’ve written this article explaining in full detail; here’s the synopsis. Every year around October, the Social
Inflation’s impact on Social Security and retirement Read More »
Reading Time: 5 minutesThese days, it’s no secret that the cost of living is higher than most would prefer. In this blog we’re going to talk about the New Jersey cost of living in 2022, addressing the question on many of us Garden Stater’s minds: why is it so expensive to live in New Jersey? Before we get
Why is the cost of living so high in New Jersey? Read More »
Reading Time: 4 minutesGarden State residents usually have questions about the New Jersey 529 plan. In this blog we’ll talk about what it is, its salient features, and the pros and cons. Before we get started, you may want to check out other New Jersey finance blogs we’ve written: A checklist for moving to Morristown, NJ from NYC
What is the New Jersey 529 Plan and should I use it to send my kids to college? Read More »
Reading Time: 5 minutesGiven the tear that inflation has been on for the last year, concerns about managing expenses have come to the forefront. For many people retired or approaching retirement, whether or not inflation makes Social Security increase is a critical one. If you are asking “does Social Security increase with inflation?”, sit tight – we’re going
Our easy, clear take on the question of if Social Security increases with inflation Read More »
Reading Time: < 1 minuteWith so much buzz in the financial media, it’s important to stay focused on what is relevant to a long-term investor. Equity markets have seen a volatile start to the year, with the S&P 500 down as much as 19% from its early January peak at times. A sharp move higher in interest rates on
June Market Update Read More »
Reading Time: 2 minutesWhat is an I Bond? An I Bond, or a Series I Savings Bond, is a Treasury Bond that is adjusted each six months for inflation. As inflation has surged in recent months, they have gotten a great deal of attention. You purchase the bonds directly from the US government There is a purchase limit
I Bonds – are they a good deal? Read More »
Reading Time: 7 minutesOf all aspects of being a mental health professional, there is little said about the financial aspects associated with closing a therapy practice. In this blog, we’ll cover all that, and more: Before we get into the blog, we are a financial planner for therapists and mental health professionals. If you are interested, it may
The finance aspects of closing a therapy practice Read More »
Reading Time: < 1 minuteWith the buzz in the headlines and the pinch at the checkout line, it’s no surprise that inflation has become something Americans can not ignore. We don’t see inflation as coming to a screeching halt anytime soon. However, based upon the research we’ve seen, it appears that the peak has possibly been reached as the
When will Inflation stop? Read More »
Reading Time: 3 minutesA law has been passed requiring certain employers in New Jersey to provide retirement savings plans for their companies. It’s called the New Jersey Small Business Retirement Marketplace Act. In this article we’re going to discuss the terms of the mandate, how to know if you qualify, and what the employer’s options may be. Before
Help! I can’t handle the New Jersey retirement savings plan mandate! Read More »
