You’re likely familiar with the saying, A penny saved is a penny earned. It sounds like the type of vague financial advice you might hear from your relatives around the holiday table. But how is that penny earning anything? If it’s stuck in a traditional savings account, likely not much since the current national average return on a savings account is 0.06%. Even my favorite high … [Read more...] about A Penny Saved Is A Penny Earned, Or Is It Invested?
9 Must-Do Financial Tasks To Check Off Your Year-End List
Year-end is a special time filled with traditions, old and new, and hopefully space to relax, decompress, and prepare for a wonderful new year. As the final days of 2021 rapidly approach, it’s important to carve out intentional time to ready your finances for 2022. What should go on your year-end to-do list? Here are nine financial elements you won’t want to forget! 1. De-clutter Your … [Read more...] about 9 Must-Do Financial Tasks To Check Off Your Year-End List
How Do I Choose My Company Benefits During Open Enrollment? An Ultimate Guide
What's the best part about fall? While your mind may instantly turn to pumpkin spice, light layers, and jewel-tone leaves, those lovely seasonal novelties won't impact your money too much (or so we hope)! At Gen Y Planning, the best part about fall is helping clients choose their company benefits. You might be thinking, isn't selecting benefits just an HR formality? Why spend so much time … [Read more...] about How Do I Choose My Company Benefits During Open Enrollment? An Ultimate Guide
How To Put Advanced Payments from 2021 Child Tax Credit To Good Use
The $1.9 trillion American Rescue Plan, passed in March 2021, brought a slew of economic relief efforts to help combat the adverse effects of COVID-19. Along with additional direct payments, an extension of unemployment benefits, growth of the paycheck protection program, among other initiatives, the plan also expanded the child tax credit. The child tax credit saw a few significant changes for … [Read more...] about How To Put Advanced Payments from 2021 Child Tax Credit To Good Use
Is Crypto Investing A Passing Ship Or Is This Currency Here To Stay?
Cryptocurrency has taken the investment world by storm. With hundreds of new "coins" bubbling to the surface, many people are wondering if they should buy into this new type of currency or if it's another investment trend that will pass. Should crypto have a place in your portfolio? A Brief History of Cryptocurrency In a nutshell, cryptocurrency is a digital currency for purchasing goods and … [Read more...] about Is Crypto Investing A Passing Ship Or Is This Currency Here To Stay?
How Goals-Based Investing Can Help You Invest Better (No More Chasing Returns)
When it comes to investing, numbers are just one piece of the puzzle. The other? Your "why." When asked why you invest, your answer isn't likely building wealth for wealth's sake. Instead, it probably has something to do with helping you achieve your unique goals—saving for your kid's college, building your dream home, shoring up your nest egg, creating a safety net, among other things. A … [Read more...] about How Goals-Based Investing Can Help You Invest Better (No More Chasing Returns)