What 7% Mortgage Rates Mean for Home Buyers

In today's higher-for-longer mortgage rates 📈, homebuyers are going to have to adjust their expectations to the new reality. Grieve the 3% era and move on. Homeownership 🏘 is still a great option for many as it stabilizes your biggest expense and builds equity. Think about creative ways to make homeownership possible:

Bloomberg Wealth: Investing Ideas Beyond Tech Stocks

Asking how much you should be saving for retirement is like asking what you should wear for dinner? That’ll depend on whether you’re having a romantic date with your significant other at a steakhouse or going solo to Taco Bell. Having a clear vision of what retirement looks like for you will help pinpoint your required savings rates. In the meantime, click below to read my general rules of thumb on this topic in the Financial FAQ section of the newsletter.

Why now is a great time to open a high-yield savings account, according to experts

A lot has changed since interest rates on savings accounts were this high more than 15 years ago, and mostly for the better. Now it’s easier to search which banks are offering the best rates and to transfer funds between banks. There’s no excuse why any of us shouldn’t be earning 5%+ on our savings. Click below to read my comments.

You Can Ignore Those Student Loans. Leniency Is Guaranteed For Now

Debt management involves a series of decisions to make. Should you prioritize paying off high-interest or lowest balance? Many times, that answer will depend on a household’s cash flow. With student loan payment restarting very soon, another variable has now been added to the analysis. Click below to read my comments on this.

How 14 Advisors Found the Right Client Niche: Advisors' Advice

Not all advisors offer cookie cutter financial planning to retirees. Some of us are very intentional about who we do the best work for and tailor our services specifically for them. To us, it’s not about money; it’s about the right mindset. Click below to find out why we chose our approach to financial planning.

Most Advisors Planned for Student Loan Payments, Despite Biden Plan

Good financial planning is always being ready for both the expected and, to the extent possible, the unexpected. We know that student loan forgiveness was not a given and were prepared for whatever decision came down. It’s now time to go with Plan B. Click below to read my comments.

Advisors take US debt downgrade in stride: ‘More to do with politics than economic stability’

Good long-term investing is all about not reacting to short-term noise that inundates our news cycle. In most cases, the market has already priced in much of the “breaking” news. The U.S. debt downgrade was a good example of this. Click below to read my comments on this.