Videos

MONEY HACKS: Should You Worry When the Markets Decrease?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

In 2018 the financial markets have become a roller coaster ride for many investors and it can be (unnecessarily) worrisome. So what do you do when the markets become “volatile”? Our answer is always to relax… then, review what you are invested in and if that’s the best mix for your time horizon and personal risk preference. As we move into 2019, take a few minutes and ensure your 401(k), 403(b), or other investment accounts are structured the right way. This time of year is a great opportunity to look at your finances and identify any changes you want to make in your overall investment portfolio.

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MONEY HACKS: What Are You Thankful For?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

The holidays are a time to give thanks and reflect on all the good things in our lives. One of my favorite entrepreneurs and thinkers, Gary Vaynerchuk says it best - “Gratitude is everything!” Most of us think about that during Thanksgiving week and our team at AFS 401(k) is no exception. We are incredibly thankful for our clients, the employees we serve, and all of you for listening this past year. Hopefully, our guidance and content is helping you taking steps to improve your financial future. Take some time during the last month or so of 2018 and reflect on the progress you’ve made. Then, revisit your financial goals and identify the steps to your spending, saving, and managing overall cash flow that will make 2019 your best year yet. Thank you all and happy holidays!

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MONEY HACKS: What Steps Should You Take During Open Enrollment?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

As open enrollment “season” is coming into full swing, how can you prepare for the big decisions you need to make for 2019? Just a few things that are typically “on the table” for you to decide: medical benefit elections, voluntary benefits such as disability, and other employer programs – and for many of us, time to revisit our retirement plan. The IRS just announced contributions limits for 2019 and it’s looking good for folks saving in their 401(k) plan and wanting to save more. This time a year is a great time to look at your finances and identify where you should be spending, saving, and managing your overall cash flow.

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MONEY HACKS: Are Millennials Finding Crazy Ways to Save for Retirement?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

The millennial generation is finding “new and crazy” ways to save for an early retirement. In this Forbes article, The 9 Craziest Ways These Millennials Are Saving Money To Retire Early it focuses on the growing FIRE (Financial Independence and Early Retirement) movement. While these extremes can highlight ways to stretch your savings and retire early, they might be counterproductive to the mass market of individuals and families who are trying to save for their future and make ends meet for their commitments today. In this Money Hacks video, I give a little love to the #FIRE crowd - supporting anyone that is making saving for the future a priority in their financial lives, while also highlighting the importance of balancing wise financial decisions on a daily basis.

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MONEY HACKS: Could a New Tax Legislation Help Pay Off Student Loans?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

For many workers just entering the workforce the main area of financial concern is student debt and student loans. It causes struggles for numerous employees across the US. Earlier this year, a few new moves in tax legislation were passed adding opportunities for 529 plans. The first improvement will allow 529 plans to be used to pay for kindergarten through 12th grade for private school tuition. Later, the House will vote on also allowing homeschooling, apprenticeship fees, and most notably, student loans, to all potentially be paid for with 529 plans. In this Money Hacks video, I share some initial thoughts on what this could mean for you if you’re stressed with student loans, or paying for qualifying education programs.

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MONEY HACKS: Are You Saving for Your Long-Term Future?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

As an investor in a 401(k) plan, you have a lot to think about to ensure your retirement plan is the best for you. The inspiration for this week’s Money Hacks episode comes from this interesting article from CNBC’s Lori Konish, Don't let these funds undermine your 401(k) savings. In the article, Konish talks a lot about the pitfalls of target date funds and whether choosing one is a good fit for your retirement. In this Money Hacks video, I highlight a couple of other “big decisions” that are important for 401(k) investors.

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MONEY HACKS: Retirement Account Loans May Crush Millennial Long-Term Savings

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Naturally, as millennials are “growing up,” they begin to look for homes and according to a recent CNBC article, 1 in 3 millennial homeowners get the money to buy homes from taking a loan against their 401(k) accounts. This not a positive trend! Most of the time we think taking a loan against your 401(k) is a bad idea. In this Money Hacks video, I explain the different pain points when considering to take a 401(k) loan and how important it is to leave your 401(k) savings for retirement.

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