The Financial Quarterback™

Should I Pay Off My Mortgage?

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All the financial experts say debt is bad.

Should I pay off my mortgage as early as I can?

 

Sooner or later, every homeowner begins to dream about the day when they own their home free and clear. No more mortgage payments…extra money each month to invest…what’s not to love?

Even financial experts like Dave Ramsey are known for singing the praises of ridding yourself of any and all debt—including your mortgage.

Whether this is a realistic goal or not, it leaves many homeowners wondering, “Should I pay off my mortgage early?”

Unfortunately, there isn’t a simple yes or no answer, but I can (hopefully) put your mind at ease about getting out of debt. [Read more…]

Everyone Has Their Own Investment Playbook

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Unless you’re living under a rock, you know that Tom Brady has made it to the Super Bowl a few times. Ten, to be exact.

You may also know that he didn’t win all of those. In fact, he lost three of them. Even the GOAT of football had a strategy that didn’t work every single time. So what does that mean for your investment strategy? [Read more…]

How Charitable Contributions Affect Your Finances

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When you donate money to charity, it not only can make a big difference in someone’s life, it can also reduce your tax liability by lowering your taxable income. Contributions are tax deductible only if made to a qualified organization.

Are you wondering how charitable contributions can affect your finances? Keep reading to find out how giving to charity can benefit your funds. [Read more…]

Women & Retirement: Facing the Issues

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March is Women’s History Month and, because of that, we’d like to highlight some opportunities for women to manage their path towards retirement.

Just like a properly organized playbook for a big game, a great strategy will help nearly anyone through the difficulties they may face in both preparing for retirement and staying retired. [Read more…]

How Do I Maximize My Social Security Benefits?

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If you’ve worked for any portion of your life, you’re probably looking forward to the day when you can retire and collect your social security benefits. But you’ve also probably spent some time worrying if social security will be enough to cover your expenses.

Luckily, there are ways to maximize those benefits. [Read more…]

Money Tips For Single Income Families

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Living on one income doesn’t necessarily mean sacrificing what’s most important to you. By planning and saving smartly, single income families like yours can reap benefits now and later.

Having kids, paying for college, financing a home, and paying for retirement are all within reach when you follow a few simple steps.

[Read more…]

Financial Tips I Wish I’d Known Sooner

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Did you know that a whopping two in three families don’t have an emergency savings fund? Is it any wonder, then, that over half (53%) of adults feel financial anxiety?

These statistics are even more relevant in 2021. With the worldwide pandemic and global financial instability, we have a lot to lose. Are you feeling particularly anxious due to your finances this year?

If so, then the following financial tips are for you. Read on to learn some awesome finance facts that you’ll wish you’d known sooner! [Read more…]

Investing For Beginners

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Investing can seem a challenging world to break into, or even understand sometimes. There are ETFs, stocks, bonds, mutual funds, CDs…and who could forget the good ole annuity? However, investing for beginners doesn’t need to be so complicated.

Becoming an investor is simply preparing your money for the future. Whether that’s investing in stocks or moving your money into other investments, your money should be working towards your future. [Read more…]

Traditional vs. Roth IRA: The Pros, Cons, and Everything in Between

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Read on to learn the advantages and disadvantages of traditional vs. Roth IRA to make the right decision for your retirement.

 

Planning for one’s retirement is one of the best ways to make sure that you’ll have the means to support yourself and your family when you no longer have a paycheck. And the earlier you start planning, the more prepared you’re going to be.

One of the most important things to know about retirement planning is the difference between traditional vs Roth IRAs. By choosing the right kind of IRA, you could potentially end up saving yourself thousands of dollars.

If you’re interested in learning more about IRAs, then continue reading and we’ll take you through everything you’ll want to know! [Read more…]

What Is a 403b and Is It the Right Option For You?

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A 401k retirement plan has been a standard part of employee benefits packages since the late 1970s. This type of retirement plan involves withholding contributions from each worker’s paycheck and holding those monies tax-deferred in an investment account until that worker retires. 

Nonprofit, tax-exempt organizations were not able to offer 401k plans to their workers until 1996. Before that year, the only employer-sponsored option for nonprofits and their employees was known as a 403b plan.

The 403b plan is still an option for nonprofit workers and exists alongside traditional 401k offerings. But what is a 403b, exactly, and is it a good investment? Read on to find out.

[Read more…]

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Richard E. Reyes, CFP®
The Financial Quarterback™
Wealth & Business Planning Group, LLC
125 S. Swoope Ave., Suite 109
Maitland, FL 32751

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