I-Bonds and Treasury Inflation-Protected Securities (TIPS) are investments that offer principal protection. These investments are designated to offer low-risk investment opportunity that also protects purchasing power. In addition, they both have built in features that combat fluctuating...
Articles
Posted May 11, 2022
***Our current I-Bonds article has been updated to reflect the new 9.62% composite rate***
If you are currently holding cash that is above the comfort of your emergency fund, you may be stuck in what is called “analysis paralysis”. That is, with extra money to...
Posted May 11, 2022
Jeopardy! for the Win!!!
While watching Jeopardy! a few weeks back, there was a young woman, who just became that rounds new Jeopardy! champ. To her shock and disbelief after winning Final Jeopardy!, and being declared the new Jeopardy! Champion winning roughly $32,000...
Posted May 10, 2022
The year was 2007. I was a fresh, motivated young man. I was about a year and half away from finishing college and received a job offer with a super-regional bank, in their private banking group, that was going to push me towards my ultimate goal of becoming a Financial Planner. What could stop...
Posted April 27, 2022
Guess what everyone!! Ramsey Solutions has a new personality you may have heard on the air recently on seen on her national television and media hits. Her story is pretty remarkable and explains why she is an excellent fit at Ramsey Solutions.
“...
Posted April 27, 2022
Americans are not saving enough! Based on the latest statistics from a large national investment company, Americans savings are far below what your means will be at the ideal retirement of your early to mid 60s. This article will focus on what the data shows, what you will need to retire, how...
Posted April 18, 2022
What is Taking Place in the Economy and Markets?
The year 2022 has reminded us that markets can be volatile. So why now are we seeing such high volatility in the markets for the year 2022? This one word that we, the consumers, are feeling on a day-to-day basis, Inflation...
Posted April 13, 2022
Working for a publicly traded company and having the opportunity to purchase company stock in your retirement plan has many benefits. Not only do you get to reap the benefits of your hard work but knowing you have a stake in the company directly leads to working harder and taking more pride in...
Posted April 13, 2022
The financial world can be notorious for a reputation of confusion, conspiracy and corruption. While such a status will follow any occupation, when it comes to finances, we are most vulnerable and any fraudulent advice can cause a devastating ripple effect. Almost everyone has heard a horror...
Posted April 13, 2022
The time has come to make the next big decision for your future.
You have a steady job, making a decent income, and either want to start putting money towards your retirement, or already have and maybe want to contribute more so you know you have enough for your future. But you also have...
Posted April 07, 2022
There are so many cliches I could start out with, when thinking about writing this article. Would you ever sail the Atlantic without a map? Would you ever begin a road trip across the country without some variation of guidance (phone, map, GPS)? If you went to college, typically your guidance...
Posted April 07, 2022
Did you know that April 1st is 401(k) day?
Okay, maybe 401(k) day isn't a real holiday but it might serve as the motivation you have been needing to evaluate your 401(k) (or retirement savings in general).
The ...
Posted April 02, 2022
If you are a fan of Dave Ramsey, you are likely aware with the concept of spreading out risk with long-term retirement investing by utilizing 4 categories of mutual funds and ETFs that include Growth, Growth & Income, Aggressive Growth, & International funds. One of our very own advisors...
Posted March 28, 2022
The year was 2005 and I was purchasing my first home. It was a small modest ranch with three bedrooms, 1 bathroom and an attached one car garage with a nice fenced in backyard. That fenced in backyard was key because my wife and I, as most newlyweds do, bought our first puppy together, a boxer...
Posted March 26, 2022
Before we answer this question, ponder to yourself what you think the number one indictor would be for building wealth and having a successful amount in your retirement account(s). There are many answers and logics behind each answer.
Is it the rate of return? 4% vs 12% performance. Paying...
Posted March 26, 2022
Do the current prices at the gas pump have you contemplating pulling out your old 10 speed bike buried deep in the back part of the garage?
If the thought has crossed your mind recently, I don’t think you would be alone as gas prices have increased drastically in the last few weeks,...
Posted March 20, 2022
I’m sure you have seen the rise in gas prices lately. They started out slowly, increasing gradually, but this past few weeks how can you miss the bright red lights showing a price increase as to almost $0.40 to the gallon! Oh, and then the $0.30 increase over night two weeks ago?!?! One...
Posted March 17, 2022
A Health Savings Account (HSA) is a tax advantage savings account that is created for people who have high-deductible health insurance plans. High-deductible insurance plans are usually accompanied with lower premiums. Lower premiums mean the covered employee pays lower monthly fees, however...
Posted March 16, 2022
Acquiring life insurance is one of the most important considerations a person can do to protect their loved ones after death. Two of the most popular vehicles are term life insurance and whole life insurance. But which one is best for you? Below we will examine both insurance features and...
Posted March 09, 2022
I would like to start off with a basic introduction to retirement-based target date and lifecycle mutual funds: Larger mutual fund companies and similar entities create these particular funds and the composition of this type...
Posted March 09, 2022
This is a great question that I get quite often. Many married couples have one income earner in the family and in many circumstances, this can limit their ability to save in tax-advantaged retirement accounts. Let’s say a married couple in their early-40’s has one income earner making $190,000/...
Posted March 05, 2022
If you are currently holding cash that is above the comfort of your emergency fund, you may be stuck in what is called “analysis paralysis”. That is, with extra money to invest, you are holding back as an investor due to uncertainties in markets. A volatile equities market and a low yielding...
Posted March 01, 2022
A few years ago, I had a choice to make. Not a super important one, but even still it was going to affect our family’s monthly budget and was potentially going to make an important impact on our life. Should I hire a very reputable, entrepreneurial, young man and his business to mow my lawn or...
Posted March 01, 2022
Here at Whitaker-Myers Wealth Managers, we think it is really important for you to know what your Financial Advisor’s goals are. Knowing their mission, vision, and core values tells you a lot about what you can expect when you are a client of theirs.
As a team, we have developed our...
Posted February 27, 2022
Now that you have taken the first step and decided to start budgeting, let’s talk about creation of it. When trying to set up a budget, you need to think of how to organize it the easiest way for you to know...