Money Hacks

MONEY HACKS: Do You Have an Emergency Savings Fund Ready?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Would you be ready for an unexpected financial expense? According to this New York Times article, Even in Strong Economy, Most Families Don't Have Enough Emergency Savings, about two-thirds of Americas lack the necessary savings for an emergency. We believe that building an emergency savings fund is a foundational piece to financial success and that’s why this topic is so important. In this Money Hacks episode, I share three simple tips for start building your emergency savings.  

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MONEY HACKS: Are You Paying too Much for Your Car Loan?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

The average monthly car loan in America has continues to increase, extending the amount of debt taken on by many consumers.  According to a Wall Street Journal article, The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Its Cars “about a third of auto loans for new vehicles taken in the first half of 2019 had terms of longer than six years.” It’s a hidden concern that many Americans are facing right now. In this Money Hacks episode, I go through why this might be a problem and a few tips to consider before taking out your next car loan.  

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MONEY HACKS: Should You be Using Socially Responsible Investments?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Have you heard of, or considered, socially responsible – or, what the industry now calls ESG, investments? These vehicles can focus on sustainable, socially conscious, "green" and/or ethical screens for the companies they own in their portfolio (i.e. mutual fund or ETF). They seek to consider both financial return and specific environmental, governance, and social metrics to do help investments do well by “doing good.” In this Money Hacks episode, I sat down with Clarice Avery of Natixis Invest Managers. We talked about all the things you should know when considering an ESG investment for your retirement strategy. You can learn more at Natixis’ site and ESG101.

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MONEY HACKS: Can Millennials Retire in the Future?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

This past month, the younger generation took to twitter to share their thoughts on retirement and it was pretty hilarious / painful. Millennials we’re posting endless memes and gifs about how retirement is not in their future, but it definitely can be! We understand that times change and the financial struggles of our parents are not the same as ours – but everyone can achieve financial freedom (beyond retirement) with the right plan. In this Money Hacks episode, I’ll go over a few ways the younger generation can retire!

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MONEY HACKS: Should You Pay Off Student Loans Before Saving for Retirement?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

A recent article from Michelle Singletary, published by the Washington Post, says you should pay off Student Loans first – before saving for Retirement. What!?! Is this good advice?

While this would set off an alarm bell for most financial advisors, I thought there was a pretty good takeaway in this piece... here view is that most individuals can’t “execute” on both paying down loans and saving for retirement (at the same time).  My advice – more of us need to automate our finances in a specific and unemotional way. In this Money Hacks episode, I explain how you can work through all your financial goals.

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MONEY HACKS: What Does ‘Cash’ Actually Mean?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

We all know what cash is – those bills in your wallet, right (well, for those of us that still carry cash around these days)? But what do financial pros mean when they say “cash”? This can be dynamic term that goes beyond the loose bills and coins in one’s wallet, as it also encompasses investment vehicles that provide safety from the market’s “ups and downs” with some return on your investment. In this Money Hacks episode, I’ll go through a few of the different meanings / definitions when a financial professional uses the word “cash.”

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MONEY HACKS: Is Roth Right for You?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

I recently saw a presentation from one of my amazing peers, Jeanne Fisher - @financialjeanne, and she brought up an important #401(k) stat... “Less than 10% of retirement contributions are going in Roth and yet a vast majority of investors and savers should be saving Roth.”

The decision to save in your 401(k) either Pre-tax or Roth is an important one, based on basically one key point: which allows you to pay the least amount in taxes over your lifetime? In this Money Hacks episode, I explain why more people should be saving Roth now. If you want more information on Roth vs. traditional 401(k), check out our content on MoneyNav.

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MONEY HACKS: Where’s my Money, Equifax?

In 2017, Equifax had a massive security breach and they’ve agreed to a nearly $700 million settlement payout. The settlement states that an individual who had his or her data hacked is eligible to receive either up to ten years of free credit monitoring or claim a $125 payment. To determine if you are among the more than 140 million Americans whose information was compromised by the Equifax breach, use the Equifax claim verification form. In this Money Hacks episode, I explain why most people will probably never see that $125... but why credit monitoring is key! If you want more information on the Equifax breach check out our article here.

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MONEY HACKS: What Do You Need to Know About Insurance?

We speak with many investors, savers, and employees with questions about insurance. While health insurance is a common topic and benefit for most, many individuals and families don’t fully recognize the importance or value of four (4) other types of insurance, as well as key questions – what kind should I have, how much do I need, what does my employer offer?

In this Money Hacks episode, I’m joined by my good friend and financial planning guru, Jason Dahl. He’ll answers some of these questions here.

Also, if you want more be sure to check out our other insurance articles from Jason on MoneyNav and reach out to us with any questions!

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