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October 2021

Scenarios When You Should Refinance an Auto Loan

October 4, 2021

If you find yourself asking, “Should I refinance my auto loan?” it probably means you’re unhappy with your current monthly payment. If you’re ready for a change, now is a good time to look into auto loan refinancing.
Refinancing an auto loan is often a great way to save money on your monthly payments, but it’s not the best option for everyone. Doing your due diligence is important to make the best decision for your unique financial situation.

Posted in: auto, loan, refinance

Investing for Beginners: How to Plan for Your Future Today

October 11, 2021

You probably already know that one of the best ways to grow your money for the future is to invest it.  The first place to start is with your employer’s 401(k) which allows you to contribute on a regular basis, and not worry about what the market is doing on a daily basis.  Many 401(k) plans offer a company matching percentage, which is supplemented money.  For example: your employer offers a 3% match, make sure that you’re contributing at least 3% of your income to receive the full match.

If the idea of where to invest your hard-earned money is intimidating, there are usually mutual fund choices in an employer plan that provide an easy start point.  One type of diversified mutual fund will normally have a targeted year of retirement in the name, and this allows the mutual fund to manage your money for you.  What other investment decisions are important to consider?  Let’s explore how to start investing in a way that’s diversified with reasonable risk for your goals.

Posted in: brokerage, firm, fund, index, investing, market, plan, retirement, savings, stock

What Are FHA Loans for First-Time Home Buyers?

October 15, 2021

Being a first-time home buyer is equal parts exciting and stressful. The idea of finding the home of your dreams to start the next chapter of your life is thrilling, but the thought of making such a major financial commitment is nerve-wracking. And once you start the process, your head can go spinning. What are FHA loans? How do I obtain a mortgage? What other types of mortgages are available? What are closing costs?

The best thing you can do as a first-time home buyer is to take things one step at a time. The first step to buying your first house is obtaining a mortgage. Several factors go into choosing the right one, which you will walk through in this article. Learning the types of loans available to you will help you make an informed decision about your finances now and well into the future.
 

Posted in: buyer, FHA, first-time, home, loan, mortgage, VA

Top 5 Holiday Season Cybersecurity Tips for Small Businesses

October 18, 2021

Small business owners plan for the holiday season months in advance. From securing inventory to outlining sales strategies for their e-commerce site, preparing for the holiday season can be stressful … especially when it comes to keeping your customers’ information safe and private from cyberattacks.

Everyone is susceptible to cyberattacks, and the holiday season makes small businesses particularly vulnerable. Since small businesses have limited staff, small information technology (IT) departments, and often little money set aside for remediation, they’re often prey to cyber threats.

Luckily, there are steps you can take to protect your small business, keep your customers’ information safe, and improve cybersecurity for your small business.

Posted in: breach, business, cybersecurity, data, fraud, holiday, small

Estate Planning Guide and Checklist: 10 Tips to Get Started

October 25, 2021

According to the American Association of Retired Persons (AARP), nearly 60% of all Americans are without a will or other essential legal documents.  Many people think estate planning is reserved for the rich, but it’s in your best interest to plan for who you want to receive your stuff after you pass away.  Without your own legal documents, most states will make that decision for you through their intestate laws.  One of the easiest ways to make sure that all of your money goes where you want it to, is through current beneficiary designations on any account that allows this choice.  Then a will can cover anything that you own that doesn’t have a beneficiary option.

An estate plan is designed to serve as a road map for dividing assets when you pass away and how you want to handle your things if you become unable to do it yourself. You’ve spent your entire life building your estate, no matter how big or small, and it’s in your best interest to decide how you want your assets distributed after you pass away.