- Summer of 2022, the Fed, Interest Rates & Me
- Your Back-to-Retirement List
- Tips for Financial Wellness
- Get Empowered
- Inverted yield curve
- When Is a Good Time To Divorce?
- Real Estate Series: How Owning a Home Affects Your Taxes
- Questions? Concerns?
August 2022 Newsletter
Sophie Helenek, The Financial Sherpa Founder
Tips for Financial Wellness
August is National Wellness Month, a time for us to focus on ourselves, manage our stress, and perpetuate healthy routines. And one of the most important financial journeys we can take is the path to financial wellness.
Building financial security and independence, while important, makes up only one slice of the financial wellness pie. Financial wellness also incorporates how wealth and income affect our emotional and physical well-being.
The journey to financial wellness is far different from becoming wealthy. Here the list
Your Back-to-Retirement List
It’s hard to believe, but soon Labor Day will be in the books. The weather will start to turn a little cooler, college football will return, and the kids will be back in school. For me, it’s always been the kids returning to school that marked the end of summer. Gone are the late bedtimes, flip-flops, and outside dining.
But rather than complaint, I decided to look at the glass as half-full and then ask myself this question: shouldn’t every person have a Retirement List that they go through, much like a Back-To-School List? So, what should this Retirement List look like? read
Summer of 2022, the Fed, Interest Rates & Me
As an investor, you undoubtedly ask when, or if, the Federal Reserve Bank raises interest rates, how will that affect consumers and businesses? In particular, what about the consequences for certain segments of the economy?
This article provides insights into the Reason for the Fed’s Change, its Consequences for Consumers and Businesses, and its Special Effects.
When Is a Good Time To Divorce?
Putting a stop to a marriage is not something that happens overnight. Most times, the relationship would have been deteriorating for a long time. Also, divorce does not happen in an instant, it is a process. It is also important to note that the good time to divorce is relative, and there is no perfect answer to this question. However, there are some key considerations to keep in mind when deciding whether or not it’s a good time for a divorce. Learn more
Whatever timing you choose to get a divorce, it is important to locate a financial divorce consultant that can help you through the process. Getting a divorce is never easy, but you can simplify things considerably when you have access to vital information. If you’re considering the idea of getting a divorce in Connecticut and surrounding areas, but you’re unsure of when to divorce, you should contact The Financial Sherpa for professional financial advice to help understand your financial position and that of your partner. Contact us
101 Finance: Inverted Yield Curve
What is an inverting yield curve, and does it mean we’re heading for a recession?
One key predictor of downturns in the economy is what is known as the yield curve. This typically refers to the market for what the US government borrows by issuing bonds and other securities that mature over different time horizons ranging from weeks to 30 years.
Each of these securities has its own yield (or interest rate), which moves up and down in inverse proportion to the security’s market value – so when bonds are trading at high prices, their yields will be low and vice versa. You can draw a chart that plots the yields of securities at each maturity date to see how they relate to one another, and this is known as the yield curve. Read More
How Owning a Home Affects Your Taxes
Homeownership comes with many financial perks like building equity and enjoying the predictability of a relatively stable monthly payment. And, if you itemize your taxes, you may qualify for substantially more deductions for mortgage interest, mortgage insurance, and more. Between local and Internal Revenue Service (IRS) tax regulations, homeownership-related taxes are constantly changing. But the benefits of staying up-to-date can pay big. Here are some of the many possible deductions you could take advantage of once you own a home. Learn More
“ Divorce can be a freeing experience if you remove the chains you placed on yourself to stay married. "
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” —Ayn Rand,
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