You need to take care of the most important things first before doing anything else. One of those important things is paying yourself. You need to automatically have your 401(k) contribution come out of your paycheck before you even get your net pay.
At Sommers Financial Management, we are asked two questions. First, should I have a higher allocation of my investments in AI related stocks? Second, does Sommers Financial Management use or intend to use AI to manage my accounts?
When someone dies without a trust, most likely their estate will go through probate. Probate is a time-consuming, government-involving, expensive process.
“Right now, US Treasury Notes are paying up to 4.5% and FDIC-insured CDs are paying above 5%,” said the financial planner. “Yes, but what about the risk?” questioned Mary. “US Treasury Notes are backed by the full faith and credit of the U.S. government; they are considered the safest investment in the world. CDs that are FDIC-insured are similarly backed by the U.S. government.
Inflation is a word that seemed to dominate the news in 2021. Most of us understand that inflation is when the cost of buying items and services is higher than it was for same items or services last year—or last month.
Let's say you own a dividend-paying stock, and you want to sell it, but you know that normally the stock pays a dividend before the end of the year. Should you wait until the dividend is paid before selling?