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Personal Finances | Planning

Plan Your Financial Future Now

making a budgetThe best way to prepare for your financial future is to have a budget that you can follow and adjust as you work through each month. There are many doable ways to put together a budget, but all entail gathering the best information you can from your past financial records.

Using Past Expense to Predict Future Expenses

Both checking accounts and credit card records provide a good place to start. For most families, housing expense is the largest and most important expenditure. These expenses include mortgage or rent, utilities, taxes, insurance, and maintenance.

May 4, 2020
The Trump administration projects about 3,000 daily deaths by early June.
Increasing from current 1,750 deaths per day
As President Trump presses for states to reopen their economies, his administration is privately projecting a steady rise in the number of cases and deaths from the coronavirus over the next several weeks, reaching about 3,000 daily deaths on June 1, according to an internal document obtained by The New York Times, nearly double from the current level of about 1,750.

More info...

Apr 24, 2020
Refinance Your Mortgage Now
Rates are lowest in history.
Save thousands of dollars on your mortgage by refinancing while interest rates are low. Many homeowners have already begun the process because saving money is more important than ever. Us this online mortgage application to get started on your plan to save money. More info...

Mar 30, 2020
How the coronavirus will change closings, home prices and what�s on the market
By Ilyce Glink and Samuel J. Tamkin
We�re only getting one question recently, although it comes in many forms: How will the new coronavirus impact the real estate market?

As of this writing, buyers are still buying homes and sellers are still selling. Sam has received several contracts in a few days, although his office phone isn't ringing as much as normal. Ilyce has been talking to would-be sellers and buyers (and getting plenty of email) suggesting that people want to buy or sell, but they're nervous. So are brokers, title companies and everyone else involved in real estate transactions. More info...

Mar 26, 2020
What The $2 Trillion Stimulus Package Means For Housing
Dima Williams
Beginning on page 567, out of a total of 880, the Coronavirus Aid, Relief and Economic Security Act � CARES Act � lays out the terms of assistance for the real estate industry. In that regard, the bill focuses on mortgage payment forbearance and evictions and foreclosures stops on properties with federally backed loans. More info...

Mar 25, 2020
Here's why staying invested in a downturn can help your 401(k) recover faster
Lorie Konish
More than a decade ago, the markets were sent into a tailspin during the financial crisis of 2008-2009.

But it turns out investors who left their retirement nest eggs alone fared best.

That's according to research from J.P. Morgan, which used the firm's own data combined with research from the Investment Company Institute. More info...

Mar 25, 2020
You now have until July 15 to save in your IRA and health savings accounts
Darla Mercado
Treasury recently gave taxpayers until July 15 to file their 2019 tax returns and pay taxes owed for last year and the first quarter of 2020.
Filers now have until that same day to make 2019 contributions to their IRAs and health savings accounts.
Put away up to $6,000 in a traditional IRA, plus $1,000 if you�re 50 and up, and have it count for last year. More info...

Mar 25, 2020
Next Avenue: Laid off? 6 smart tips on how to bounce back
Reynold Levy
I did not see it coming.

I was taken by complete surprise.

Nine months earlier, in the fall of 1974, I had submitted my resignation from a terrific post as director of external affairs and special assistant to the executive director of the Jewish Board of Guardians (JBG), the nation�s largest and most comprehensive mental health agency.

I was departing to join the Aspen Institute. There, I would collaborate with my new boss, Waldemar A. Nielsen, noted author of The Big Foundations, among other books, former president of the African American Institute and program officer at the Ford Foundation. More info...

Mar 23, 2020
U.S. growth will shrink 30% next quarter but we won�t see a repeat of the Great Depression, Morgan Stanley says
By Callum Keown
It looks set to be another tough week for investors.

Coronavirus cases keep rising, countries around the world are strengthening measures designed to keep people indoors � slowing the economy in the process�- and the U.S. is struggling to pass its $1 trillion-plus economic aid bill. That combination led U.S. stock futures to hit �limit down� shortly after the open late on Sunday. Futures rebounded early on Monday as the Fed announced it would purchase an unlimited amount of Treasurys and mortgage-backed securities to support the financial market. More info...

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