Blog

Election 2020 may be one of the nastier elections in our history, although it isn’t unprecedented. Students of American history are aware that we have had plenty of nasty times in our political past.

An important part of our work with our Healy Financial clients is helping them connect their money with their values. A saying we often use is: “After all, money is just us in foldable form. Maybe we can talk about how money allows us the opportunity to impact people.”

Who could have imagined that the spring of this new decade would challenge us to reconfigure our lives so dramatically? Everything has flipped upside down and we are working within a foreign framework. New rules for almost everything we do in our daily lives.

Amidst recent market volatility, it’s tempting to make emotional investment decisions, but it is good to remember that a disciplined approach is essential to investing.

No matter what type of crisis creates a sharp downturn in the market, trying to time stock and bond trades rarely results in a better outcome for investors.

Summer is here, and so is home-purchasing season. Just this week I had two families reach out to me to walk through questions they had about purchasing their first home. They wanted to make sure they were thinking about things the right way and not making any common mistakes that a lot of people make when they purchase their first home.

Many of my clients ask me if they have enough life insurance or how much they should have; not as many ask about disability insurance. However, when you need either, it’s a tremendous comfort to have enough that you or your survivors don’t have to worry or make big changes to your lifestyles.

Mistakes. Much is out there about the classic financial mistakes that plague startups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees.

Many of my clients ask me if it’s better to pay off debt, such as student loans or credit card debt, to reduce monthly payments or to save money for retirement or their children’s future college education?

In this blog, I’ll examine some ways to arrive at the best answer for your situation.

The cost of data breaches increases. The latest annual study from Javelin Strategy & Research, a leading financial analytics research firm, says that 14.4 million people were impacted by I.D. theft in 2018. Roughly 3.3 million of them had to shoulder a financial loss or an out-of-pocket cost due to these crimes.

Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy.