westfield

Money Talk

September 13, 2021

Every investor normally has personal goals in mind that they would like to achieve. Although most non-retired adults have some savings, only 36% say their nest egg is “on track,” according to the Federal Reserve. Sometimes, those eager to boost retirement savings could become more aggressive and ...

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529 savings plans are an excellent way to save and invest money for children’s education. But what constitutes a “qualified” educational expense? When that question relates to 529 savings plans, the answer may be broader than you think. Although 529 accounts are often used to pay for a child’s ...

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“Won't Get Fooled Again” The Who from: Who's Next (1971)  It’s a glorious day for a hike on your favorite trail. Suddenly you find yourself on high alert as a black bear crosses your path. Your natural fight-or-flight response takes over because we are hard-wired to react in a crisis. That ...

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Why are things suddenly more expensive? From residential homes and the lumber to build them, to cars, gas and groceries. Is it truly inflation; is it here to stay? There always seems to be a “crisis” in the stock market which the media makes a point to call “the” crisis. When the crisis fails to ...

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Market volatility is a part of the investment experience and seasoned investors understand that acting emotionally can be more harmful than helpful. It is always appropriate to understand and prepare for market volatility and downturns, even when markets are going up. Investors should not let ...

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Volatility and risk are not the same thing. When a stock is volatile, it means that it tends to make big moves (up or down). When a stock is risky, it means that it can lose money (go down). In financial terms, risk is the potential permanent loss of money whereas volatility is how rapidly an ...

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“All that glitters is not gold.”  — William Shakespeare, The Merchant of Venice Bitcoin — A Primer “Fiat” is a term derived from the Latin meaning “Let it be done.” The US Dollar, like all major global currencies, is a fiat currency. This means the US government merely declared the dollar ...

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It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair. —Charles ...

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WESTFIELD, NJ — When he was 8 years old, Mark Swingle took the money he saved from doing extra chores around the house and invested in the stock market. The Westfield boy didn’t get rich off of his first investments, but he sure learned a few things. “That was my first experience with stocks,” ...

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Although the coronavirus and the resulting economic dislocations are sadly still with us, there are glimmers of hope. The scientific community tells us: Masks are proving to be effective tools for preventing infection. The US mortality rate per infection is roughly half of what it was in ...

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Join Westfield Financial Planning Oct. 28 for an MIT AgeLab presentation! Media Replay: Crises of today .. .or yesterday? Today’s headlines may seem scary — so scary that “playing it safe” may seem like the only rational strategy. But are these headlines really “new” news, or a media ...

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The first quarter saw the S&P 500 drop 34% at the fastest pace ever. Our way of life and our health is under siege by COVID-19. Our countrymen are suffering the worst bout of unemployment since the Great Depression. Today’s political environment is among the most divisive in our almost ...

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