When it comes to retirement, there seems to be a never-ending checklist of tasks to complete in order to prepare yourself for this major milestone. You need to save enough to maintain your lifestyle, create a withdrawal strategy, work to minimize your taxes, and claim your Social Security benefits. But there is one other critical action you need to take to stretch your retirement nest egg further and ensure that healthcare costs don’t eat away...
By Preston Rosamond If you’re like me, your to-do list is probably a mile long. When we get busy, the tasks that tend to fall down the priority list are usually simple ones, like making appointments. But no matter how hectic life gets, your finances can’t be ignored. At The Rosamund Financial Group, we want to do everything in our power to make things as simple and convenient for you so that you can rest...
If you’re like most parents, you have a never-ending list of things you want to teach your child so they grow up to be a successful adult who contributes to society. From a young age, you model and instruct them in how to share, what respect looks like, and how to handle responsibility. As a society, we are excelling in some areas of parenting, but falling behind in others. Most parents agree that we need...
For the past several years, there have been headlines aplenty all focused on the same thing: the imminent market downturn. And while we have seen some market dips and a return of volatility after the record high growth of 2017, experts are predicting 2018 will end with a growth of 8% for the S&P 500. (1) We may not be witnessing the sizable returns of last year, but the predicted downturn has yet to come...
When planning for the future, many people neglect to consider life insurance’s role in their financial strategies. In 2017, more than 4 in 10 people didn’t own a life insurance policy in any amount and 40% of those who do said they were under-insured. (1) One probable reason why so many people neglect life insurance (either accidentally or on purpose) is that it can be complicated and is not a one-size-fits-all product. Everything from the...
Even if you don’t regularly review stock market updates or chart your retirement account progress, you probably noticed that 2017 was a banner year for stocks. In fact, both the Dow Jones and the S&P 500 celebrated the launch of 2018 by reaching record highs (1) and until the beginning of February 2018, we were experiencing the second-longest bull market since 1929. But market fluctuations are a normal and expected part of the economic cycle...
Regardless of where you are in your working life, the idea of retirement probably crosses your mind regularly. It’s a milestone we often start thinking about as soon as we join the workforce and many of us relish the idea of slowing down, changing pace, and finally having all the time we need to pursue passions and invest in relationships. But what happens when you get to retirement and it’s not all it’s cracked up...
We’re halfway through 2018, and after a booming 2017, our economy has seen its fair share of ups and downs, market volatility, trade uncertainty, and record unemployment numbers. However, as most individual Americans see it, things are looking up. Here’s a bird’s-eye view of our economy as we reach the mid-year mark of 2018. Confidence Is Up Consumer sentiment, as measured by the University of Michigan, remains above average, with June increasing to 99.3 points...
When we get a diagnosis from a doctor, it’s pretty normal for us to get a second opinion. Same goes for doing other types of research. We look at all the pros and cons, gather as much as information as we can and talk it through with friends or loved ones. We all know the point of all this is to gain a better insight into a situation and hopefully get make a well-informed decision...
Risk is everywhere, every day. We often go about our lives blind to risk until the unexpected happens. But when it comes to your money, do you know how much risk you have? We frequently hear about how important and necessary a 401(k) plan is for retirement, but with such a beneficial investment opportunity comes inherent risks, from choosing appropriate funds to understanding hidden fees. When was the last time you analyzed your 401(k), or...
By Preston Rosamond Regardless of whether your child is two or twelve, the thought of college has probably crossed your mind. In the busyness of life and never-ending financial pressures, it is all too easy to put saving for college on the back burner. But one thing in life is certain; it moves quickly. Don’t get caught unaware and unprepared for college. Your child’s education is one of the most important investments you can make...
Have you ever experienced buyer’s remorse after making a big purchase? Have you felt embarrassed about the state of your financial affairs? Or maybe you’ve let fear of failure keep you from investing or even creating a budget. If you’ve found yourself in any of these situations, you know that there’s way more to money than the number in your bank account. Emotions play a significant role in our financial lives and psychologists refer to...