Preston Rosamond |
By Preston Rosamond When we think of retirement, our minds often go to two things: money and our dreams of our ideal retirement. But we often forget some things—namely planning for the transition into a new reality and the emotional and psychological changes that happen in retirement. Retirement isn’t just about having enough money in the bank to quit work. Yes, you need a stream of income you can’t outlive, but it’s also about more...
The Paycheck Protection Program (PPP) was designed to assist employers in maintaining payroll even when they were shut down or limited by the COVID-19 containment efforts. The most appealing part of the program, perhaps, was the fact that the loans would be eligible for either partial or full forgiveness. While helpful, the program has had many problems and been a source of much confusion for business owners. The Small Business Administration (SBA) recently issued rules...
By Preston Rosamond In the fall of 2019, index funds finally surpassed actively managed mutual funds. As of August 31 of last year, $4.27 trillion was invested in index funds and only $4.25 trillion in their active counterparts. (1) Clearly, index funds have seen an incredible rise in popularity over the last decade. The question, though, is whether or not their popularity is justified. Are index funds really as great as everyone thinks? Here are...
Preston Rosamond |
By Preston Rosamond Life is busy and stressful enough on its own. The last thing you need to deal with is a hacked account or worry about identity theft. Unfortunately, as we become increasingly dependent on technology and use multiple devices on any given day, there are more opportunities for our personal information to be compromised. But no matter how daunting this may seem, just remember that knowledge is power. One of the best things...
By Preston Rosamond Are you wanting to buy a house in an area with picturesque views of lakes and wildlife? If you said yes, then Highland Lakes is a perfect choice, with a chain of six lakes dispersed across the area and where wildlife is easily spotted. Now you just need to determine how much you can afford—and want to afford. If you have already started thinking about a price range, you need to keep...
Preston Rosamond |
By Preston Rosamond I don’t think many of us would argue with the importance of having insurance. And I’d be willing to bet you already have medical, auto, and home insurance to protect your household and finances from unforeseen circumstances, such as medical diagnoses, car accidents, or weather-related damage. But what happens when these types of insurance policies don’t provide enough coverage for what you need? Many times your homeowner and auto policies have limits...
By Preston Rosamond As entrepreneurs and business owners, you understand how to work hard, use all resources available to you, and be creative with providing solutions to problems that arise. But are you taking measures to protect what you have worked so hard to build? You’ve done the hard part of starting and growing your business, so don’t let one of these simple precautions put you in a predicament that jeopardizes your largest asset. Here...
By Preston Rosamond No one can deny that we are in the thick of things right now. Between a global pandemic, economic worries, and political uncertainty, it’s no surprise that we are seeing increased market volatility. All of this uncertainty may be causing you to wonder, “How will this affect me?” or “Will my portfolio recover?” Your Financial Plan Is Secure Even though this current volatility came as a surprise to most of us, that...
By Preston Rosamond We are living in unprecedented times, with hourly briefings and updates that cause many of us to lose sleep at night. We get it. Life is going to look very different for a while. But the good news is you have someone on your side who is committed to you, your life, and your finances. No matter what happens, you have us to rely on. Do your friends and family have this...
Preston Rosamond |
By Preston Rosamond Has the coronavirus pandemic and it’s far-reaching implications caused you to wake up worried or go to bed at night with your mind racing? For most of us, our schedules have been turned upside down; we don’t know what’s going to happen with our businesses or jobs; we’re concerned for loved ones; and we’re apprehensive about the markets and the economy. We get it. We are living in unprecedented times and there...
Preston Rosamond |
By Preston Rosamond When headlines start popping up about viruses, market crashes, and other world events, it’s normal to start asking questions like, “Am I going to be all right?” and “How will this affect me?” In asking these questions, financial security is one of the most significant factors we think of, right? While these events are not to be minimized, we can take comfort in being educated about what’s actually happening, not what the...
The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days. Investors are understandably nervous about their money and their health. If you are worried about your portfolio, you’re not alone. But during stock market volatility, it’s important to keep a level head to...