Working independently, on your own schedule, for Uber or another “gig” job can be a great source of supplemental income. But one key difference between this work and a traditional job is the retirement savings options. While 52 percent of employees have access to an employer-sponsored retirement plan, just 16 percent of independent workers do, …
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What Should I Do About the Market Decline?
Sometimes I get asked by friends and clients, “What should I do about the market decline?” I often tell them that, unfortunately, by the time the markets have declined, it’s too late to do much. Imagine you just bought a new car. If you don’t have a garage and it’s sitting in your driveway when …
Do I Need a Financial Advisor?
It’s a good question. But the answer is like a lot of financial planning advice: unsatisfying. That’s because the only truthful answer is: it depends. So how do you know if you need a financial advisor? Here are some questions that may help you find your answer: Do you need help tracking your monthly finances? …
What Comes Next for the U.S. Economy?
Now that we have an updated tax code, what should you expect from the markets and the economy overall in the coming year? It’s always been true that changes to the tax code create unexpected benefits and consequences. This time will be no different. Tax code changes Prior to reform, the U.S. corporate rate was …
A Tale of Two Investors
Imagine a client who is very conservative–a risk-averse investor. It’s 1999, and she has watched from the sidelines as tech stocks have skyrocketed. Year after year, she’s seen tech equities beat cash and bonds like clockwork. The client grows convinced that there’s no risk to investing in tech stocks — they only go up. In …
Financial Advice for the New Year
2017 was certainly an interesting year in the world of finance. The gains in the stock market surprised nearly everyone. But will the good news continue in the year ahead? How will things change? We don’t know what the future holds, but great advice is timeless. To help start the new year off right, I’ve …