Time to Refi?
Rates are at lows that I have never seen. The US weekly average rates were 2.71% for a 30 year fixed and 2.26% for a 15 year fixed for the week of 12/10/20. Over the last ten years, you can see on the chart below that these rates are rock bottom for fixed rate loans. […]
The Election & the Market
I wanted to pass on some interesting information regarding the Election & the Market that I gleaned from a Ned Davis Research webinar on the topic today. Just like 2016, most people are freaking out about who might win. I get emails all time asking whether folks should sell or stay put in their investments […]
The Big Win- A Client Story
Christina and Tom are like many couples. They worked hard, built careers, had a baby, saved money and kept thinking about buying a house. Pre-Covid, they had already decided that they were pretty sure they wanted to move to the Boston area to be closer to family and be able to afford a nicer home. […]
Time to Sell?
My dad always tells me “Trees can’t grow to the sky.” But look at this picture. Despite a continued global pandemic, economic contraction and millions unemployed, the stock market keeps on going. Many of the companies for which my clients work has seen their equity values continue to increase since March 2020. Can this rise […]
Guess How Much I Make?
We make up stories in our head every day to explain things around us. If a neighbor buys a new car, we think they must have gotten a bonus or done really well to afford such a luxury. Or if someone new moves into the neighborhood, we make assumptions about how they got the money […]
Up, Up and Away
I first starting working with Dan and Robin back in October 2012 when they were in their early thirties, newly married and just starting their lives together. At the time, they were earning around $230,000 per year and were never big spenders. Their monthly outflow was around $5,600 per month, which adjusted for inflation today […]
45… The Tipping Point to Becoming Debt Free
I turned 45 during confinement. Including a two year break from the workforce for business school, I have been working 20 years. So, I’m halfway through my working years based on retiring at 65. It’s a cliché, but I like what I do and don’t have a desired target retirement date in mind. That said, […]
SINGLE PARENTS & MONEY
Single parents have it harder. There is only one person to do everything. Earn the money, raise the children, be involved in school and the community, do the grocery shopping, sign up for camps… the list goes on and on. Some divorced parents fall into this category as well, and sometimes they have it even […]
HOW MUCH IS YOUR HEALTH WORTH?
Health insurance, co-pays, out-of-network, out-of-pocket, OT, PT, etc. are significant costs for a family. Add to those costs a gym membership, fitness classes and mental health costs and you’re talking a couple of thousand dollars a month. This is doable when you are employed and have a steady paycheck coming in, but Covid-19 has shown […]
SPENDING IN A PANDEMIC
After a little light reading of “How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic” from the National Bureau of Economic Affairs, I wanted to share with you some tidbits I found interesting. In late February until mid-March, stores were mobbed with long lines of people stockpiling groceries and other […]
