by munnmorris | Mar 8, 2022 | Financial Planning, Uncategorized
Don’t have a calculator, but need a quick answer to a financial question? Here are three shortcuts: -How long will it take to double your money? Divide 72 by your annual investment return. If you are earning 8% annually on your investments, it takes nine years for...
by munnmorris | Feb 26, 2022 | Financial Journeys, Financial Planning
It’s not uncommon to accumulate things over the years when you don’t take time to straighten them out periodically. This applies to our finances as well as our possessions. If you feel it’s time to straighten out your finances, consider these steps: -Make a...
by munnmorris | Feb 22, 2022 | Financial Planning
Despite the coronavirus pandemic’s impact in 2020, most retirement plan participants did not make trades, loan use fell, and only a small minority took withdrawals. Loan use declined by more than 20% in 2020. Only 13% of participants had an outstanding loan in 2020,...
by munnmorris | Feb 12, 2022 | Budgeting, College Planning
Out-of-state colleges are significantly more expensive than going to a school in your home state. There are a few factors to consider in deciding if it is worth it: The first factor is cost. According to the College Board, the average cost of tuition for the 2021-22...
by munnmorris | Feb 7, 2022 | Budgeting, economy, Financial Planning, Retirement
When it comes to saving for retirement, many people take a set-it-and forget-it approach. But not paying attention to your 401(k) and IRA accounts could cause you to miss valuable savings opportunities. Avoid these seven mistakes: Not contributing enough to get your...
