MONEY HACKS: 'Fyre Fraud’ is Everyone’s Nightmare

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

The internet sensational and the epic fail that is the ‘Fyre Festival’ continues to be the hot topic around offices and coffee houses throughout America. The event promised “Instagram come to life” and yet it delivered zero entertainment for concert goers and less than mediocre cheese sandwiches. Moving past the festival itself in this Money Hacks video, I talk about the great lesson that can be taught from these documentaries about financial scams, schemes, and fraud. Thousands of people are scammed every year by companies and individuals alike. Be diligent, be thorough (when reviewing investments and financial opportunities) and avoid falling into a fraudulent situation, so you can enjoy your life.   

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Do You Struggle with Being a Primary Caregiver?

Kacy Reece

Kacy Reece

Blog Post

As a growing number of Americans begin to provide caregiving assistance to aging parents and family members, the need for caregiver support is quickly rising. In fact, 34.2 million Americans have provided unpaid care to an adult age 50 or older in the last 12 months and, at 60%, the majority of caregivers are female. Although becoming a caregiver for a loved one is not something you can necessarily predict or anticipate, it is something you can take small steps to prepare for financially.

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Crucial Questions to Ask When Applying for Your Mortgage

 

This content was originally published on the Apex Home Loans blog 

Whether you’re ready to buy a home, considering a refinance, or simply weighing your mortgage options, arming yourself with the right questions will benefit you greatly in the long run. Before you sit down to speak with your mortgage banker, take note of these five questions to enhance your lending knowledge, prepare yourself, and build upon your ability to address any concerns you might have. 

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MONEY HACKS: Are You Impacted by the Government Shutdown?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

This government shutdown is now the longest in history and seems like a “never-ending government” closure impacting hundreds of thousands of federal employees across the country and the DMV area. This kind of event is a great opportunity to remind us of the importance of emergency savings and preparing for the unexpected. We have a lot of content on MoneyNav that can help you make any necessary changes in your overall money life. If you’re a government employee or know one, we discuss a few things that can help minimize and reduce expenses while going through this difficult period. Feel free to reach out to us if we can help provide guidance on your specific situation.

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MONEY HACKS: How to Make 2019 Your Best Year yet?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

We’re officially into the last week of the year, and as many begin to make resolutions for a better future, we want to know how you will make 2019 your best year yet!  We know resolutions can sometimes come off as cheesy, but this idea of improving your life really is at the core of what we do at AFS. While you’re thinking about 2019, what are some things you can do to prepare your money for today, tomorrow, and your long-term future? This time of year is a great opportunity to look at your finances and identify any changes you want to make in your overall money life. We’ll keep rolling out these Money Hacks videos next year, so keep an eye out in 2019! 

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MONEY HACKS: Review your 401(k) / 403(b) Year-End Notices before 2019

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

As we quickly approach the holiday season, you have probably received a big envelope full of 401(k) notices (or some PDFs)! If your company has a January 1st “Plan Year”, then you were required to receive these notices by December 1.  They’re filled with important information about your organization’s retirement plan, but are usually written in “Legal-ese”. Still, take some time to read these notices to understand how your retirement plan works and if you have questions, you can reach out to our team or your HR department. 

Before moving into 2019, you should also take a few minutes and ensure your retirement plan is working for you. Are you saving the correct amount? Do you have the right investment mix for your time horizon and personal risk tolerance? Do you know if you are on track? 

Take some time to think about this stuff and make 2019 your best year yet – especially for your money!

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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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