Year: 2023

What I Wish I Had Known About Money When I Was Younger

By The Welch Group Having a good understanding of personal finance is crucial to experiencing financial freedom and success. The sad truth is that financial literacy is not typically taught in schools or families, leaving individuals responsible for learning about and implementing sound financial habits throughout their lives, from their first post-college job to retirement. […]

Time to Review Your Homeowner’s Insurance

In recent years, the expenses related to home construction have significantly increased due to various factors such as the post-Covid stimulus demand and low interest rates. While this may not concern homeowners who are not intending to enhance, expand, or build a new home, individuals with insufficient homeowner’s insurance policies are at risk of being […]

Significant Changes in Home Mortgage Lending

Are you aware of the recent changes to mortgage fees by the Federal Housing Finance Agency (FHFA)? Effective May 1st, new rules by the FHFA have adjusted fees to favor lower-income and credit-score individuals, while higher-income and credit-score individuals may experience higher fees. The FHFA oversees both Fannie Mae and Freddie Mac, the two organizations […]

The Banking Crisis: What It Means for You

You have probably heard rumblings about the ongoing banking crisis across America. Silicon Valley Bank was the first domino to fall on March 10th of this year. Two days later, Signature Bank of New York was closed. Then on May 1st, First Republic Bank of San Francisco was taken over by JPMorgan Chase Bank. Bad […]

Is Now a Good Time to Invest in Stocks?

Last year the stock market was down over 18%. So far this year, stocks are up about 8%, but we face potential headwinds of a recession. Is now a good time to invest? To best answer this question requires a quick review of the stock market’s history. In the short term, the stock market can […]

Guarding Against a Weakening US Dollar

Following the Bretton Woods agreement post World War II, and the agreement between the United States and Saudi Arabia in the 1970s to trade oil in US dollars, the US dollar stood alone as the preeminent global currency for almost 80 years. While the United States continues to enjoy this status, concerns are increasing around […]

The Social Security Decision Tree

Social Security Retirement Income has evolved into the foundation of retirement planning for most workers, representing most of the retirement income, on average, for older Americans. Remember that Social Security Retirement Income is subject to cost-of-living increases, making it a very valuable income source for your retirement. This means making the right decision about when […]

There Is Still Time for a 2022 IRA Tax Break

Time is fast running out, but you may still be able to score a tax break for 2022 with an Traditional IRA contribution. Here’s what you need to know: For 2022, your maximum contribution limit is $6,000; plus an additional $1,000 if you were age 50 or older in 2022. Eligible couples could save $3,500 […]

Beware of the
“Risk-Free” Rate!

The recent rise in “risk-free” short-term interest rates has many people reconsidering the risk vs. reward dynamic relative to the stock market. While the increase in yields is welcomed relief compared to the historically low interest rates of the past 15 years, it is important for investors not to lose sight of the primary purpose […]

Retired? Avoid the Cardinal Sin of Investing

Designing an investment portfolio can be a complex process at any age. It requires consideration of various variables such as risk tolerance, time horizon, and financial goals; however, there is one rule that always holds true for investors:  **Rule** Never put yourself in a position where you MUST sell assets when they are down to […]