Roth vs. Traditional IRA: Which is Better for Me?

Whether you’re a new college graduate or an established professional, it’s never too early to start saving for your retirement. As one might expect, the longer you live, the more resources you’ll need to sustain your lifestyle, so it’s always a good idea to start saving sooner rather than later. When saving money for your […]

The Economic Impact of Pandemics

Pandemics, as rare as they are, have made their mark in history – not only in numbers of lives claimed but in the economic impact felt around the globe. As we’re all facing the market downturn and recent financial volatility caused by the spread of COVID-19, it’s useful to look back at how the economy […]

COVID-19: You Can Now Take $100,000 From Your 401(k) or IRA, but Should You?

On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Amidst the global COVID-19 pandemic, this act is designed to bring economic relief to individuals and businesses who’ve been affected by the resulting economic downturn. Section 2202 of the act, titled “Special Rules For Use […]

Stimulus Checks Are Coming for Americans: Here’s What You Need to Know

As COVID-19 continues to run rampant in the United States, individuals everywhere are experiencing emotional, physical and economical implications. In an effort to ease the pandemic’s detrimental effects, the federal government has recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Included in this act are hospital funds, extended unemployment insurance, extended lending […]

Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity

With coronavirus fears growing, millions of homeowners have been receiving surprisingly good news as mortgage rates continue to hit new record lows.  As of April 2, 2020, the national average rate for a 30-year mortgage has fallen to 3.33 percent, with an average of 0.7 points paid, according to data from Freddie Mac.1 Mortgage rates have […]

A Guide to Managing Your Money During the COVID-19 Pandemic

As COVID-19 continues to spread throughout the globe, individuals are adjusting to new lifestyles in an effort to curb the spread. While there are many factors of this pandemic we cannot control, practicing social distancing and creating new routines to remain physically and psychologically healthy are just a few of the actions we can take. Virtually every […]

Staying Strong: 8 Ways to Manage Your Mental Health During a Quarantine

Remaining in quarantine for an extended amount of time is a challenge. Everyone reacts differently to stressful situations, but there are things we can all do to remain mentally strong. Below we’re offering eight tips to help anyone better manage their mental health while social distancing at home.   Tip #1: Take Breaks from the […]

An Overview of the Newly Passed $484 Billion COVID-19 Relief Package

On Friday, April 24, 2020, President Donald Trump signed the Paycheck Protection Program and Health Care Enhancement Act amidst the continuing COVID-19 pandemic. This $484 billion relief package comes less than a month after the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, which offered relief funds for businesses, families, […]

Economic Impact of COVID-19: 3 Next Steps For Those Struggling Financially

The coronavirus has had an immense impact on our physical well-being, as well as the economic health of individuals and families across the globe. Businesses are being forced to cease operation, leaving people worldwide jobless at record rates. Roughly 22 million Americans filed unemployment claims over a four-week period starting March 14 – marking a […]