With increasingly widespread salary cuts, furloughs and layoffs, can you cut or cancel contributions to your retirement plan? For some, there is little choice. For others it may be a question of trimming a payroll deduction to have a bigger paycheck. Does this temporary decision matter?
There are three reasons why it does matter.
A pandemic, record high unemployment, a business decline in restaurants, hotels, airlines and general uncertainty. Sure doesn't seem like a positive for stocks.
And yet, after the initial drop in 2020 due mostly from the Coronavirus and a severe drop in oil prices, the market seems to have rebounded after bottoming out on March 23rd.
By now I’ve spoken with several friends, family members or clients that have gotten the coronavirus. Thankfully they have all recovered and were either asymptomatic or had mild cases. But what if they hadn’t? What if they were totally unable to function for an extended period?
What should you be doing to be prepared?
May 1st decision day has come and gone for some schools; however, many others have extended their deadline to June 1st or later. Despite the extension, some high school seniors are faced with the decision of basing their college decision off of solely an online tour if they were unable to visit campuses prior to the virus.
When some hear the words "Estate Planning" they may think it doesn't apply to them if they aren't wealthy.
During this unique time we are all finding ourselves in, we may have some additional time to get our "ducks in a row".
The fact is, everyone should have an estate plan. So what exactly is an estate plan*?
Last week I got a call from a woman that was referred to me by a client.
"Francesca*" was a single mom of two teens that was concerned about a few things. She shared with me that she always had these things on her mind but with a busy work and home life, she just never took the time to really address them.
One of my favorite places to go is the woods. Growing up in the Lakes Region of New Hampshire, we lived at the foothills of the White Mountain National Park. Being surrounded by beautiful lakes and mountains, being outside was where I wanted to be. It has also been the place where I have had the best conversations with friends.