You work all your life in hopes that one day you can enjoy the benefit of your hard work and retire. While this is something we all look forward to one day, instead of it being a happy time, it can be extremely scary and stressful. There are so many uncertainties that go with retirement. Having a plan that is… Read More
Archive for April, 2019
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Bring Financial Literacy Programs to Our Schools
When I was in school, I remember taking classes like Algebra, Chemistry, Art, Cooking, Physical Education, and English. No teachers taught me how to create a budget and stick to it. I didn’t learn what debt is and I didn’t know how a college loan would impact my bottom line once I graduated. No one at school taught me what… Read More
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Should I Use Target-Date Investments?
A target-date investment serves to simplify your investment selection. It is used as a complete portfolio, containing a collection of mutual funds that form a broadly diversified mix of stocks and bonds. For some investors, this is appealing as it saves time and effort. Instead of selecting individual securities, investors can pick just one mutual fund and be done with… Read More
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Market Recap: 1st Quarter 2019
The stock market bounced back rapidly after the steep losses last quarter, showing the importance of staying invested after downturns. In fact, it was the best quarter in nearly a decade for U.S. stocks with the S&P 500 up 13.65% and smaller U.S. stocks up 14.58%. Technology and real estate were the best performing sectors, while health care was the… Read More
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Why Do I Owe on My Taxes This Year?
The tax law saw a significant reform in 2018. Eighty percent of tax filers around the country will pay an average of $700 to $900 less in taxes in 2018 as compared to 2017. However, in our home state of Maryland, tax filers are estimated to owe more than the national average.[1] If you are surprised by your tax bill… Read More