The Top 4 Apps to Help You Master Budgeting in 2019

At the beginning, of every year, many people make resolutions about health, relationships, and money. Whether it’s making a goal to pay down a debt, finding a significant other, or losing a few lbs, there’s an app that can help. The power of our mobile devices continues to grow and apps for everything we do are coming into the future. We’ll be focusing on budgeting apps that can help you get a handle on your financial life.


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The Power of Healthy Stock Market Corrections

Kacy Reece

Kacy Reece

Blog Post

It may come as a surprise to some, but market corrections happen fairly often. It's normal for the economy to naturally go through peaks and downfalls over time. Don't panic when a market correction happens. By the final quarter of 2018, we have become long overdue for a market correction; such a correction is inevitable. We typically experience a correction once every 55 months (4.5 years); however, we have not had a meaningful correction - defined as a 20% drop in the market - in over 115 months (9.6 years), which is the longest run in history. 

 

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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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Infographic: IRS Announces 2019 Retirement Plan Limits

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Do you know what's changing for retirement plans in 2019? The IRS has announced the 2019 plan limits and these changes will take effect in the upcoming tax year on retirement-related items.

Why are these numbers important to you? There are limits to how much you can contribute to your retirement account and they can change from year-to-year, so it's important to stay up-to-date. Check out our infographic that details all the changes you'll want to be aware of for the coming year. 

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How Can I Save ‘Big Money’ While Moving?

Kacy Reece

Kacy Reece

Blog Post

When planning to move, it’s easy to let stress take over - sometimes so much that you miss ways you could be saving. There are a lot of factors that go into moving, such as are you changing states, what time of year will you be relocating, and how much stuff are you taking? The American Moving and Storage Association says that the average cost of an interstate household move is about $4,300 and the average cost of an intrastate move is about $2,300. With moving expenses on the rise each year, we’ve highlighted a few ways you can keep your money in your pocket and have your stress-reduced before, after, and during your move.

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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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