Your Money Matters

May 14, 2020

Retirement is an important milestone that often comes after years (or decades) of careful planning. But even the most seasoned planners couldn’t have foreseen the severe market selloff that happened in March in reaction to the COVID-19 pandemic. The abrupt end to the 10-year bull market surprised ...

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In mid-March, a fear-induced global sell-off triggered by the COVID-19 pandemic ended the longest bull market in U.S. history – leading us into our first bear market in 11 years. Bear markets are commonly defined as a decline of at least 20% from the market's high point to the low during the ...

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In response to the severe economic fallout stemming from the COVID-19 pandemic, a record $2 trillion fiscal stimulus package was enacted at the end of March. The wide-ranging CARES (Coronavirus Aid, Relief and Economic Security) Act is designed to help ease the financial hardships many Americans ...

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For most of us, the reality of growing older means that medial issues will likely become a more common concern. As a result, health care can become a prominent expense in retirement. Medicare typically serves as the foundation of your health insurance later in life as it starts at age 65. If you ...

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Owning a home is an important life goal for many Americans. Yet buying a home is not always the best financial decision for everyone. In some life situations, renting is a more prudent choice. If you or your loved ones are contemplating the buy-or-rent decision, consider these questions, courtesy ...

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When the warm weather finally hits, most of us get bit by the spring-cleaning bug. Our to-do lists often include cleaning out our garages, basements and closets. But this year, it might be time to add another section to the list: finances. Whether you just need to reorganize or do a thorough ...

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If you own a 401(k) that includes stock from your company, chances are you’ll someday need to decide what to do with it. This decision often comes into play for people who are retiring or otherwise leaving their employer. Whatever the case may be for you, it’s important to understand your options ...

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If you have a pet, you know the costs of keeping them healthy can add up quickly. From annual vet visits, to medication to special diets, pet ownership often includes a variety of expenses. Plus, you never know when they may need emergency care, surgery, or other expensive treatment. You may ...

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When it comes to personal finance, what works for one person doesn’t necessarily work for another. That’s why money misconceptions can be so dangerous. Here are four common money myths that you may have heard – and perhaps even believe – that need to be put to rest. Myth #1: All Debt is ...

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Adults who do not have children tend to have more financial flexibility to pursue their goals throughout life and retirement. This makes sense when you consider the cost of raising a child from birth to adulthood is currently estimated at $233,6101 (and that’s before you factor in college). But ...

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Getting in on the “ground floor” is what interests many investors in companies that have just made their stock available to the public. These so-called Initial Public Offerings (IPOs) often draw significant attention, particularly when well-known companies are involved. IPOs are a way in which ...

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Thinking about making a large financial gift to charity? Looking for ways to reduce your taxes? If you’re retired and have IRA assets, the qualified charitable donation (QCD) tax rule might work in your favor. The QCD rule allows IRA owners or those who have inherited an IRA to exempt their ...

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The start of the new year is a great time to focus on your finances and put them into perspective. Competing demands on our time can often cloud our line of sight on what really matters. So, if you want a better handle on your finances, take these six foundational steps from Arias & Partners ...

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Would you be willing to delay your retirement to help your child pay for their first car, college education or wedding? Increasingly, a lot of Americans say the answer is yes. According to a recent study publish by Ameriprise Financial, 1 in 3 parents say they have delayed or are willing to delay ...

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Many parents have children who have accrued significant debt while they are in college. College graduates often have multiple loans – each one requiring its own payments on its own due date each month. Aside from parents giving money, there are steps they can encourage their child to take to help ...

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With the new year upon us, those who collect Social Security or pay into the public retirement program through payroll deduction will see some changes. The Social Security Administration makes cost-of-living adjustments on an annual basis. Here’s how the changes may impact you, via Arias & ...

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The gift-giving season is fast approaching. So, if you are like a lot of people, this means you are spending time trying to brainstorm gifts to give your loved ones – something that they will use and appreciate. For those disillusioned with giving gifts that are quickly used up or forgotten the ...

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How confident are you about the insurance strategies you have in place to protect against an unexpected turn in your life? Do you feel like you have a clear handle on how to manage your insurance needs effectively? Before you answer, here are five aspects of insurance coverage from Arias & ...

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2019 is winding down, and before you know it, you’ll be pulling together everything needed to file your federal income tax return for the year. Federal income tax returns for 2019 are due on or before April 15, 2020. But if you’re interested in potentially saving on taxes, you should plan now, ...

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We hear frequent references in the news to the Federal Reserve (or the “Fed,” as it is more commonly called). Yet, for many individual investors and consumers, the way the Fed affects their lives is a bit cloudy. Arias & Partners Wealth Advisors help clear the air.   Decisions by the Federal ...

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As a financial advisor, I’ve worked with many clients as they plan for their dream home and gleaned insights on the process along the way. Building a home can be an exciting, but challenging time. It takes a plan with realistic timelines, budgets and expectations to stay on track and keep your ...

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Investors who follow the markets have seen headlines in recent weeks about something called the “inverted yield curve.” For those less familiar with the phenomenon, an inverted yield curve is essentially a point on a chart where short-term investments in U.S. Treasury bonds pay more than long-term ...

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Is your son or daughter headed to or in college? If the answer is yes, it’s an exciting moment in your child’s life. But, financially, it can also be a paralyzing time if they do not have a principled approach for managing money. Out on their own for the first time, your child has an opportunity to ...

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For decades, people have subscribed to newspapers, magazines and cable services. Today, that subscription-based payment model is being used across a wide range of consumer products and services. Monthly subscriptions for entertainment streaming services allow consumers to watch movies and TV ...

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With the real estate market as competitive as it is in various U.S. cities, more people are opting to stay in their current homes. This decision frequently comes with the desire to take on additional house projects, which often impact your financial situation. If you are considering upgrades and ...

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It’s no secret that many American parents want to support their kids by paying for their college education. According to recent Ameriprise research, 87 percent of parents today already have paid for or plan to assist with these costs. Furthermore, 33 percent of respondents have delayed their own ...

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One of the most important decisions you will make in retirement is when to begin receiving your Social Security benefits. Yet this decision often depends on another: whether you plan to retire or keep working. The following are some pointers to help you make both decisions with confidence. When ...

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The Current Economic Expansion is Now the Longest in U.S. History. What Does This Mean for Your Finances? The current U.S. economic expansion recently enjoyed its ten-year anniversary. This means that for the past decade the economy, as measured by the nation’s gross domestic product has been ...

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Parents want good things for their children, and a good credit record is certainly something that falls into that category. To help children achieve one, it’s important to teach them sound financial habits. Among the most fundamental lessons is valuing the money they earn and that they shouldn’t ...

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Years of hard work often leave people dreaming of a time when they’ll have a chance to get away from it all in retirement. It could be in the form of travel to exotic locations they’ve never visited before, or a vacation getaway spot they’ll visit regularly. Either way, it requires having enough ...

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