March 23, 2020 — We are in uncharted territory, that’s for sure. As one client told me this week, “I’m now more concerned about my health than my wealth.” It’s easy to feel anxiety about a multitude of things, and there is plenty to worry about now. On top of all of that, there are extreme weather warnings across the…
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Time to Refinance?
Is It Time to Refinance? The Federal Reserve has just cut interest rates by .50% in response to growing concerns about the impact of the coronavirus on the economy. What does that mean for mortgage rates? The Federal funds rate doesn’t move in lockstep with mortgage rates, particularly 30-year fixed mortgages. But mortgage rates are indeed expected to fall alongside…
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Insuring Your Valuables
If you have valuable personal possessions – such as jewelry, furs, antiques, art, coin collections, and the like — insurance is often necessary. But your homeowners’ or renters’ insurance might not be enough. Limitations on coverage Generally, homeowners’ insurance policy covers the theft, damage, or destruction of your personal property, and there are several limitations. Your personal property is covered…
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The Coronavirus and You
Chart thanks to Capital Group. We don’t know how bad this is going to be. That’s the scary part. We can wash our hands, wear masks, talk about morbidity percentages, but the extent of the coronavirus – and its impact on the markets – is unknown. So what to do? We can look at the historical context of previous plagues…
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The New SECURE Act
What’s up with that new SECURE Act? We’ve had several questions from clients about the SECURE Act (Setting Every Community Up for Retirement Enhancement Act), which was signed into law in late December 2019 as part of a larger federal spending package. This legislation has some positives and some negatives among its new requirements. It gives incentives for employers to…
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