The typical baby boomer will have an average of 13 jobs over their working career, according to the Bureau of Labor Statistics. While job moves are practically unavoidable, there are both internal and external challenges to navigate. A common mistake that many investors make is abandoning their old company’s retirement plan with the hopes of figuring it out later. If this is you, you’re not alone! According to USA Today, Americans have more than $1.65 trillion worth of lost or forgotten 401(k) accounts.

It’s simple and obvious but a lot of people miss out on this opportunity. Take advantage of your entire 401(k) employer match. If your employer offers a 401(k) match – that’s free money.

If you have taken advantage of your employer’s free money from the 401(k) match, then the next stop is to maximize your HSA. In 2020, the maximum contribution (both employee and employer sources) for an individual under age 55 in 2020 is $3,550. If your employer contributes dollars into your HSA account, then it’s important to verify the contribution program. Here are three ways that companies may structure their contributions:

In September 2024, the Federal Reserve convened for its monthly meeting, resulting in a widely anticipated decision to cut interest rates by 0.50%. This marks a significant move as the Fed responds to ongoing economic changes and switched gears from economic tightening to easing economic policy. Let’s break down the meeting highlights, the rationale behind the rate cut, and what it means for you.

We’re all familiar with the risk-reward tradeoff: Do I risk injury to compete in a sport I love and feel fulfilled by? Do I risk leaving a stable job to pursue a career that excites me? It’s not surprising that this everyday phenomenon is also very present in our investment portfolios.

In recent years, the concept of digital currencies has moved from the fringes of finance to the forefront of economic policy discussions. Among these, the idea of a Central Bank Digital Currency (CBDC) is particularly significant.

Real estate investments have long been considered a pivotal asset in portfolio diversification. Historically, investing in real estate has often meant purchasing physical properties, managing tenants, and dealing with maintenance issues.

Home prices and home equity have increased substantially over the last few years, which may leave you wondering if you should sell your home. Selling your home would be even more tempting if buying another home wasn’t so difficult. If you are thinking about selling a home, then you are probably focused on market timing, payments, moving and lifestyle changes. One thing you may have overlooked is the tax considerations of selling a home.

Since no investor likes to see the balance in their account drop, we have received an uptick in client inquiries about whether it’s worth staying invested. The short answer is yes; we still recommend staying invested.

It can be agonizing to watch your portfolio decline during a down market. Our human nature is to react erratically, which can be destructive to your financial plan. While it is important to stay the course, that doesn't mean you need to be idle.

Cash has its place in any financial plan. However, holding too much cash or cash-like investments like a CD or a Money Market account can be one of the most overlooked risks when it comes to long-term planning.

Cash has its place in any financial plan. However, holding too much cash or cash-like investments like a CD or a Money Market account can be one of the most overlooked risks when it comes to long-term planning.

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Choosing to hire a professional financial advisor can be one of the best decisions an investor can make. This complex decision requires answers to questions such as:

• Am I willing to do it on my own, and can I be successful?

• What value can a financial advisor provide?

• What should I look for when hiring a financial advisor?

When it comes to employer benefits, health insurance is often one of the most impactful. As medical costs continue to rise, it’s essential to look at all the options available to you and your family.