Financial Goal Setting

You have probably seen the “SMART” goal-setting acronym, which stands for: Specific, Measurable, Achievable, Relevant, and Time-Bound.  These principles apply well to our financial goals as well as other goals.  Here are some brief reminders to help keep you focused and SMART this year! Specific: When setting a saving or …

Getting Better, Slowly

The Wall Street Journal recently published an article about people who used high risk methods to buy high risk investments.  These folks had turned relatively small amounts of money into exceptionally large gains in the past year.  Earlier in the year, the WSJ also published an article about investors who …

Are You Really Maxing?

Did you know there’s a difference between “getting the max employer match” in your 401k and “maxing” your 401k contributions?  I often hear this used interchangeably, but the differences are significant! How significant?  Try this: the MAXIMUM employee contribution to a 401k plan for 2020 is $19,500 if you are …