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After COVID, How Much Of An Emergency Fund Do You Think You Really Need?

There’s nothing like an honest-to-goodness crisis to to give your emergency preparations a test run. And there’s no doubt that the 2020 COVID pandemic qualifies as one of the most profound crises ever to affect our nation. So now that we’ve lived through almost ten months of the pandemic and we start to see some […]

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Quote Of The Week: COVID Creates Haves And Have-Nots

“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]

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Quote Of The Week: How An Emergency Fund Can Boost Your Financial Confidence

“An emergency fund can boost peace of mind and financial confidence in long-term goals. In a report conducted by AARP, people with emergency funds felt 2.5 times more confident in their ability to achieve their financial goals than those who did not.” Christine Benz, “What the Coronavirus Means for the Future of Financial Planning,” Morningstar, October 13, […]

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2021 Retirement Plan Limits

Are You Saving Enough? New Retirement Contribution Limits For 2021

Did you know that there have been a few small changes to the amounts you can contribute to your IRA, Roth IRA, SEP, SIMPLE or 401(k) starting January 1, 2021? We’ve summarized in the accompanying graph what changes – and what doesn’t – for next year. For the most part, annual employee contribution amounts for IRAs […]

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#WFH Is Saving Americans 60 Million Hours Each Day. So What Are They Doing With The Time?

Can you figure out where the time went? Due to COVID lockdowns, Americans saved 60 million hours each and every day so far this year by working at home and not commuting to and from work. So how did they spend all that time they saved? Reading? Cooking? Gardening? Hobbies? Netflix? 60 million hours saved […]

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How The U.S. Housing Market Is Booming Despite COVID

There’s an amazing transformation going on before our eyes. The U.S. housing market is booming, thanks to record low interest rates and social trends accelerated by the COVID pandemic. Here’s 7 key facts shaping this major industry that you’ll want to factor into your financial planning and share with family members who may be contemplating […]

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Dwyane Wade’s Secret To Financial Wellness

I probably don’t need to tell you how much we love Dwyane Wade here in South Florida. For most of his career, Wade played for the Miami Heat in the National Basketball Association (NBA), winning three NBA championships. I was lucky enough to see him play in his rookie season right after he joined the Heat. You could already tell he had […]

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Florida Cities Ranked Best Places To Retire

With only 24 percent of working Americans reporting that they are “very confident” they will have enough money for a comfortable retirement, picking the right place to retire becomes vitally important. For retirees, the ideal city has to offer good weather, lots to do, and access to good health-care, especially in light of the COVID crisis. […]

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The Stimulus Package, Inflation and Gold

The Stimulus Package, Inflation and Gold

Guest Blog By Donald Calcagni, CFP®, MST Chief Investment Officer Mercer Advisors Summary To combat the damage caused by the COVID-19 pandemic, Congress approved earlier this year the largest fiscal stimulus package in U.S. history to provide relief for the economy and businesses. The total price tag for the package is in the neighborhood of $6 trillion […]

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How Did Americans Spend Their Stimulus Checks? You May Be Surprised To Learn

Millions of Americans received stimulus payments of up to $1,200 each to combat the damage done by the COVID-19 pandemic. Recently, researchers checked in with them to ask how they spent the funds. The answers might surprise you, according to financial journalist Kimberly Lankford writing for US News and World Report. The bottom line? Researchers […]

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