When I decided to start a blog, it wasn’t the idea of writing that was most daunting to me. It was the idea of naming the blog that almost gave me hives. If you know me personally, you know that creativity, in this vein, isn’t a strong suit of mine. Fortunately, I managed to come… Continue reading Weird Name for a Financial Blog
After completing phase 1 of dive training, I received orders to Panama City, FL where I would start Phase 2 at the Naval Diving and Salvage Training Center (NDSTC). Phase 2 of training is roughly six months. The training consists of classroom, controlled diving evolutions in pools and tanks, and open water diving. The attrition… Continue reading Becoming An Army Diver – Part 2
When someone is looking at lending options, occasionally their 401(k) is one of them. Why wouldn’t you take a loan from your 401(k); you’re technically paying yourself interest, right? Unfortunately, it’s not that straightforward. In most cases, an investors can distribute money from their 401(k) as a loan. The loan value can be up to… Continue reading 401(k) Loans – Are You Really Paying Yourself Interest?
Many people own a trust as part of their estate plan. Prior to 2020, it was common to have the beneficiary of an IRA be a trust. A See-Through Trust allows individuals to pass IRAs, via a trust, to their trust beneficiaries. There are several reasons to name a trust as the beneficiary of an… Continue reading How the SECURE Act Could be Detrimental to Your Beneficiaries
"You're going to be a what?!" The day I was scheduled to pick my Military Occupational Specialty (MOS), my father sat me down. He is an ex-Army guy. Up to that day, I spent 17 years listening to each one of his Army stories no fewer than 20 times. He said, “Johnny, the recruiter will… Continue reading Becoming An Army Diver – Part 1
Hindsight is a powerful tool to add clarity to past decisions. Hindsight can also prepare us for similar situations in the future. Given the current state of our markets and the economy, we don’t know if we’re in the clear just yet. Even though we don’t know what the future holds, we can use what… Continue reading A Case For More Cash?
I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?
Whether it’s water cooler talk, on the golf course, or between friends and family, you’ve probably had a conversation about your portfolio performance. From what I’ve witnessed, it’s either a chest out, head held high ‘I had an X percent return last year, how’d you do?’ or a less enthusiastic ‘I was down X percent… Continue reading Are Big Returns Really That Important
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is releasing a whopping $2 trillion in government aid. Since there are countless resources outlining the details of the new Act, my goal is not to recreate the wheel, but to provide insight on actions you should consider as you navigate the provisions specific… Continue reading Insight On The CARES Act
Due to the uncertainty of COVID-19, we are currently in what is called a bear market. With the present stock market volatility, it is important to remember this is not the first bear market, nor will it be the last. A stock index enters bear market territory when its closing price drops at least 20… Continue reading What You Need to Know About Bear Markets
Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile