Finance

Avalanche or Snowball: Which is Right for You?

The drain of debt on cash flow has only been compounded by the effects of the pandemic, which has caused a fifth of Americans to revisit their financial plans and make significant adjustments. If you’re among those looking for a strategic approach debt repayment, weigh the pros and cons of two popular strategies: debt avalanche and debt snowball.

Need More Space During COVID-19?

There has never been a better time to get money to make some home improvements. The Federal Reserve has continued to keep short-term interest rates low, making it more attractive to borrow money. Here are the best options of how to borrow money using your home as collateral

Did you lose your job?

You may have a 401k and are needing to figure out if you want to leave it in your current plan, rollover the balance to an IRA, or take a withdrawal and pay taxes now. A number of significant issues call for consideration when making this decision. Learn more here.

Some misconceptions about gold

Compared to gold, stocks provide superior protection against inflation over time. In times of heightened uncertainty and/or volatility, should you rebalance your portfolio to include gold as a hedge? No. As a general matter of portfolio construction, should you invest directly in gold or other commodities? Also no. Find out more.

Managing retirement planning during the pandemic

From job layoffs, furloughs and shuttered businesses—the COVID-19 pandemic has undoubtedly impacted our economy, forcing many to make the hard decision about whether or not to dip into their retirement savings to pay the bills and put food on the table. Research found three in 10 Americans withdrew money from their retirement savings and 27% of Americans have decreased the amount of money they are setting aside for retirement savings or stopped saving for retirement altogether.

What to do when government funds run out

While some companies, have seen their operations and bottom line grow, others have faced significant challenges. Some of the challenges brought on by the pandemic were eased with government stimulus funds provided by the CARES Act, but that cash injection is likely dwindling at this point and there’s no additional wave of funds projected to be released in the near future – which begs the question, what should business owners do as government funds draw down and eventually disappear?