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Welcome to the Level Up Life Planning Blog!
This is where our team will publish and create content that we feel would be timely and beneficial to share to our clients, family and friends. Are you looking for a topic we haven't discussed? Send us an email and we will add it to our list of upcoming topics to cover.
401(k) Millionaires Are on the Rise
As we continue through 2024, I wanted to share some data that many may find positive. Fidelity Investments just announced that 440,000 retirement savers reached an incredible milestone in 2023: $1 million in their 401(k).1 That's...
Read MoreGen Z, Millennial Couples Prefer Financial Autonomy
Over the years, I've come to believe that learning to navigate financial discussions and events in a relationship is a "must" that transcends generations. However, recent data shows that Gen Z and Millennial couples are forging their...
Read MoreIRS Releases 2024 Tax Brackets, Retirement Contribution Limits
The Internal Revenue Service recently released updated income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year. While these taxes are not due for some time, it may benefit you to start...
Read MoreBalancing Act: Financial Self-Care for Women During the Holiday Bustle
Women often find themselves orchestrators of holiday magic, the epicenter of planning, gifting, cooking, and orchestrating festive feasts. While spreading joy to loved ones, it can be challenging for women to prioritize personal and...
Read MoreSnowballing to Financial Freedom: The Smart Strategy for Debt Repayment
Debt can feel like a heavy snowball rolling downhill, gaining size and momentum. But what if you could use that snowball effect to your advantage? Enter the snowball strategy of debt repayment – a powerful method to tackle debt...
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Weekly Market Insights: Stocks Spark Late Week Rally
A late-week, two-day rally left stocks higher, adding to November’s gains as the last month of trading for 2023 began. The Dow Jones Industrial Average was flat (+0.01%), while the Standard & Poor’s 500 gained 0.21%. The...
Read MoreThis Should Be Your Most Important Resolution
Don't let another year pass by without a clear financial roadmap. As we stand at the threshold of a new year, it's an opportune time to reflect on our financial journey and set the stage for a future filled with financial security and...
Read MoreWeekly Market Insights: Stocks Rise as Bond Yields Fall
A Friday rally turned an otherwise mixed week for stocks into a solid performance. The Dow Jones Industrial Average picked up 2.42%, while the Standard & Poor’s 500 gained 0.77%. The Nasdaq Composite index rose 0.38% for the...
Read MoreMistle-Dough Management: Your Holiday Budget Guide
The holiday season is a time of joy, celebrations, and gift-giving but can also be a financial challenge. It's tempting to splurge on presents, decorations, and festive gatherings, but overspending during the holidays can lead to debt...
Read MoreWeekly Market Insights: Short Week Strong for Stocks
Investor enthusiasm for stocks remained strong last week, buoyed by declining bond yields in a holiday-abbreviated trading week. The Dow Jones Industrial Average picked up 1.27%, while the Standard & Poor’s 500 gained 1.00%. The...
Read MoreHoliday Cyber-Security Prep Work: Safeguarding Your Finances During the Holiday Season
It's time to prepare! During the holiday season, identity theft and cyberattacks tend to rise significantly. According to the FBI, cyberattacks increase by 60% during the holiday season. It is essential to be prepared to protect your...
Read MoreWeekly Market Insights: November Rally Continues
Stocks extended their November rally last week as investors cheered lower-than-forecast inflation data. The Dow Jones Industrial Average gained 1.94%, while the Standard & Poor’s 500 added 2.24%. The Nasdaq Composite index rose...
Read MoreNavigating the Social Security Maze: Why Expert Guidance Matters
Navigating the intricacies of Social Security alone can be a daunting task. Considering Social Security accounts for an average of 30% of income in retirement, it's imperative to get it right. Mistakes in claiming your benefits...
Read MoreMastering Medicare: A Year-End Review and Planning Guide
As the year approaches its end, individuals in the age range of 60-70 should prioritize their Medicare coverage to ensure they are making the most of this vital health insurance program. This article offers essential year-end Medicare...
Read MoreWeekly Market Insights: Stocks Rise, Jobs Cool
Stocks ripped higher last week on a dramatic retreat in bond yields triggered by easing inflation and a slowing labor market. The Dow Jones Industrial Average jumped 5.07%, while the Standard & Poor’s 500 surged 5.85%. The...
Read MoreYear-End Charitable Giving Strategies Tailored for Women: Empowerment and Impact
As the year draws to a close, many women start thinking about giving back to their communities and supporting causes close to their hearts. Year-end charitable giving provides an excellent opportunity for women to harness their...
Read MoreWeekly Market Insights: Stocks Retreat on Cautious Earnings Reports
Amid a busy week of corporate earnings reports, stocks slumped on cautious earnings guidance, fears of higher interest rates, and growing anxiety over the increasing amount of Treasury bonds and notes coming to market. The Dow Jones...
Read MoreFortifying Your Digital Defenses
In light of the recent cyberattack in Las Vegas, I want to address an increasingly critical issue in today's digital age: cybersecurity. Hackers are increasingly using a tactic known as "social engineering," which involves hacking...
Read MoreWeekly Market Insights: Stocks Retreat Despite Solid Earnings
Rising bond yields and uncertainty over whether this was the close of the Fed’s rate-hike cycle dragged markets lower last week despite solid corporate earnings results. The Dow Jones Industrial Average sank 1.61%, while the...
Read MoreSocial Security Announces 2024 COLA
The Social Security Administration has announced a 3.2% Cost of Living Adjustment (COLA) for 2024. This adjustment means the average Social Security retiree beneficiary will see their monthly check increase by about $57 to $1,849,...
Read More"Unretiring" To Stay in the Game
Knowing when it’s the right time to retire can be difficult, especially if you love your job. Even professional athletes have a hard time knowing when to walk away! These athletes thought they were ready for retirement but...
Read MoreWeekly Market Insights: Markets React to Turmoil in Middle East, Inflation Concerns.
Stocks ended mixed last week amid the outbreak of hostilities in the Middle East and higher-than-expected inflation data. The Dow Jones Industrial Average gained 0.20%, while the Standard & Poor’s 500 rose 0.45%. But the Nasdaq...
Read MoreDon't Turn Off The Football Game
It’s football season. School is back in session, the days are getting shorter, and the weather is starting to turn. If you sit down to watch your alma mater play, your “to-do” list may grow. Your car may only have...
Read MoreWeekly Market Insights: Stocks Rally After Strong Jobs Report
A Friday rally overcame a shaky week, sending stocks mostly higher. The Dow Jones Industrial Average slipped 0.30% for the week. Meanwhile, the Standard & Poor’s 500 gained 0.48%, and the Nasdaq Composite index added 1.60% for...
Read MoreWill Middle East Tensions Push Rates Higher?
The Fed’s ongoing pledge of “higher interest rates for longer” has rattled financial markets and raised the cost of everything from mortgages to credit cards. Now adding to tensions are the recent events in the...
Read MoreSeptember Economic Update - Last gasp of summer
After a sharp increase in short-term interest rates, many market participants expected a slowdown in economic growth. In this edition of Economic Outlook, Christian Chan, CFA, Chief Investment Officer of AssetMark, examines growth...
Read MoreWeekly Market Insights: Bond Yields Rise; Government Shutdown Looms
Rising bond yields and government shutdown fears left stocks in mostly negative territory for the week. The Dow Jones Industrial Average lost 1.34%, while the Standard & Poor’s 500 slipped 0.74%. The Nasdaq Composite index was...
Read MoreEmbrace Autumn with Budget-Friendly Family Activities!
As the air turns crisp and the leaves begin to change, the fall season brings with it a perfect opportunity to create cherished memories with your loved ones. And the best part? You don't need to break the bank to have a blast! We've...
Read MoreWeekly Market Insights: Stocks End Summer with Gloomy News
Rising bond yields and fears of a government shutdown hammered stocks last week, with technology shares bearing the brunt of the retreat. The Dow Jones Industrial Average lost 1.89%, while the Standard & Poor’s 500 dropped 2.93%...
Read MoreSeptember Is National Life Insurance Awareness Month
It’s time for your life insurance checkup. September is National Life Insurance Awareness Month, so it’s a great time to review your coverage.1 If you don’t have any life insurance, you’re not alone. Life...
Read MoreWeekly Market Insights: Stocks Stand Still, Awaiting Fed
Stocks ended the week roughly where they began as investors digested a mixed set of new economic data. The Dow Jones Industrial Average gained 0.12%, while the Standard & Poor’s 500 slipped 0.16%. The Nasdaq Composite index fell...
Read MoreIt's time to update your beneficiaries
After arranging your accounts and property with an attorney or setting up retirement accounts, it’s easy to assume that you check those off your list forever. Unfortunately, it’s not as simple. Not only do tax laws...
Read MoreSeptember 11 - Patriot Day
Much time has passed since the events of September 11, 2001, and while in some ways it feels like a lifetime ago, the memory remains painfully fresh in my mind. An attack on U.S. soil. The loss of thousands of lives. In the wake of...
Read MoreWeekly Market Insights: Will the Fed Raise Interest Rates?
Concerns that the Fed may raise interest rates soured investor sentiment, sending stocks lower in a holiday-shortened trading week. The Dow Jones Industrial Average slipped 0.75%, while the Standard & Poor’s 500 declined 1.29%....
Read MoreWeekly Market Insights: September Stocks Open In Positive Territory
Falling bond yields–spurred by weak economic data–helped lift stocks to weekly gains. The Dow Jones Industrial Average advanced 1.43%, while the Standard & Poor’s 500 gained 2.50%. The Nasdaq Composite index...
Read MoreWeekly Market Insights: Stocks Retreat; Powell Talk Goes Hawk
Stocks fluctuated last week, jostled by fitful bond yields and headline news, before ending strongly following Fed Chair Powell’s comments on the monetary outlook. The Dow Jones Industrial Average slipped 0.45%, while the...
Read MoreOrganize, Simplify, Thrive: Streamline Your Finances for a Stress-Free Future
August is the month of simplicity and decluttering! As we embark on "Simplify Your Life Week," it's the perfect opportunity to take a step back, reassess our priorities, and streamline our lives for greater peace and fulfillment...
Read MoreWeekly Market Insights: Stocks Weather Summer Storm of News and Indicators
Stocks extended their August declines last week as higher yields and weak economic data out of China soured investor sentiment. The Dow Jones Industrial Average lost 2.21%, while the Standard & Poor’s 500 retreated 2.11%. The...
Read MoreTo Max or Not to Max…..Your 401(k)
Do you need help weighing the pros and cons of whether to max or not? By creating a financial plan, together we can help you determine the 401(k) savings amount that suits your financial circumstances and your goals.
Read MoreWeekly Market Insights: Summertime Blues for the Markets
Positive inflation data failed to lift stocks from their August doldrums last week as economic data and a ratings downgrade soured investor sentiment. The Dow Jones Industrial Average added 0.62%, while the Standard & Poor’s 500...
Read MoreWeekly Market Insights: Stocks Raise White Flag to Bad News
Stocks retreated last week as bond yields increased following the Treasury's announcement indicating “a larger-than-expected funding need” and a downgrade in the federal government’s debt rating. The Dow Jones...
Read MoreStay Ahead of Back-to-School Cost Creep with These Budget-Friendly Tips
It's that time again! As we approach the back-to-school season, we understand the financial strain it can place on families. However, with some planning and a commitment to a budget, you can avoid overspending on school supplies. We...
Read MoreWeekly Market Insights: Stocks Jump After Inflation Gauge Cools
A Friday surge pushed stocks solidly into positive territory last week, ignited by cooling in an inflation gauge closely tracked by the Federal Reserve. The Dow Jones Industrial Average advanced 0.66%, while the Standard &...
Read MoreFrom Greens to Greenbacks: The Unexpected Ways Golf Can Shape Your Financial Future!
Grab your clubs, dust off your plaid pants, and prepare for a wild ride on the greens! From the ancient origins of whacking rocks with sticks to the modern-day quest for the perfect swing, golf has evolved into a unique combination of...
Read MoreWeekly Market Insights: Stocks Advance and Retreat on Mixed News
Stocks moved to the rhythm of earnings season last week, initially rising on positive earnings surprises and faltering later in the week on key earnings disappointments. The Dow Jones Industrial Average rose 2.08%, while the...
Read MoreWeekly Market Insights: Bad News for Bears; Good News Buoys Markets
Better-than-expected updates last week on consumer and wholesale price inflation buoyed investor sentiment, driving stocks higher and lower bond yields. The Dow Jones Industrial Average rose 2.29%, while the Standard &...
Read More5 Recession-Resistant Retirement Strategies
In today's uncertain market, you may wonder if your financial plan is on track and if it's okay to retire. To help you successfully navigate retirement decisions, here are five recession-resistant strategies that can create the...
Read MoreWeekly Market Insights: Stocks Stumble with CPI on Deck
Rising concerns about further rate hikes sent stocks lower to kick off the second half of trading.The Dow Jones Industrial Average lost 1.96%, while the Standard & Poor’s 500 retreated 1.16%. The Nasdaq Composite index...
Read MoreThe Real Meaning of Financial Independence
Financial independence is a term that is often thrown around, but its true meaning goes far beyond merely accumulating wealth. It encompasses the ability to live life on your terms, free from the constraints of financial stress and the...
Read MoreFive Tips to Spark Your Financial Freedom
Every Fourth of July, we celebrate our nation’s independence, but many Americans do not feel that same freedom regarding money and finances. This Independence Day is a great time to review your finances and identify how to...
Read MoreWeekly Market Insights: Economy Continues Upward Trend
Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test.The Dow Jones Industrial Average gained 2.02%,...
Read MoreUnique Personal Finance Challenges for LGBTQ+ Community members
The LGBTQ+ community faces many unique challenges, including how to manage personal finances. How do your spending habits compare? Read on to learn more: https://www.cnbc...
Read MoreWeekly Market Insights: Stocks Take Summer Break, Month Remains Strong
Stocks took a breather last week as investors digested the previous week’s surge and the month-to-date solid gains.The Dow Jones Industrial Average lost 1.67%, while the Standard & Poor’s 500 fell 1.39%. The Nasdaq...
Read MoreWeekly Market Insights: Stocks Climb After Fed Pause
Stocks climbed last week as reassuring inflation data boosted investor hopes that the rate-hike cycle was nearing an end amid fresh economic data pointing to continued economic resilience.The Dow Jones Industrial Average rose 1.25%,...
Read MoreWishing You a Happy Father’s Day
Let’s hear it for the dads, the ones who help us grow, give us guidance, and look out for us in a million different ways. In celebration of Father’s Day, here are some of the ways you can honor the father-figures in your...
Read MoreWeekly Market Insights: Markets March into Positive Territory Continues.
A late-week rally sent stocks into positive territory, with the S&P 500 index closing just shy of the 4,300 mark.The Dow Jones Industrial Average gained 0.34%, while the Standard & Poor’s 500 added 0.39%. The Nasdaq Composite...
Read MoreThe Heat is On
Summer’s here, and the time is right for fun in the sun (or shade). Like many of us, you’re probably looking forward to an extended getaway or family trip. But summer also means planning for hot weather, which can come with...
Read MoreWeekly Market Insights: Debt Deal Relieves Market Worries
Stocks surged higher in the closing days of a holiday-shortened trading week, ignited by a political resolution on raising the debt ceiling and a strong employment report.The Dow Jones Industrial Average rose 2.02%, while the Standard...
Read MoreWeekly Market Insights: Debt Talks Optimism Keeps Eyes on D.C.
Markets moved in sync last week with perceived movement in debt ceiling talks, weakening early in the week and then surging on news of progress. A solid quarterly report and guidance from a mega-cap technology company helped with...
Read MoreWall Street Focuses on Debt Ceiling
Would it surprise you to hear that investors have moved past worrying about inflation? They have, at least for now.Wall Street has shifted its attention to Washington’s budget negotiations and how the debt ceiling will be...
Read MoreA Cheat Sheet for Sending Your Kid to College
A Cheat Sheet for Sending Your Kid to CollegeCollege marks a great milestone in a child’s life. It may be the first time he or she will live away from home. Dropping off your child at college may be an experience loaded with...
Read MoreWeekly Market Insights: Despite Stall, Debt Deal Optimism Cheers Markets
Stocks rallied last week, propelled by growing optimism over reaching a deal on raising the debt ceiling and avoiding a technical debt default by the U.S.The Dow Jones Industrial Average edged 0.38% higher, while the Standard &...
Read MoreFreshen Up Your Finances for Spring
Birds singing, bees buzzing, and slightly longer days are all signs that winter has finally turned to spring. And with spring often comes the urge to deep clean your home, giving you the feeling of a fresh start. But spring cleaning...
Read MoreWeekly Market Insights: Attention Turns to the Debt Ceiling
Stocks were mixed last week as good inflation news was offset by mounting debt ceiling concerns and rekindled regional banking fears.The Dow Jones Industrial Average lost 1.11%, while the Standard & Poor’s 500 slipped 0.29%. The...
Read MoreHow will you pay for college tuition?
Remember when a college education was reasonably priced? In the past 20 years, the cost of college tuition for public universities has risen 165%. College students and their families have been taking on more and more debt, and they are taki
Read MoreWeekly Market Insights: Friday Rally Trims Losses; CPI Report Next Week
A Friday rebound, triggered by a big tech company’s earnings beat and a strong jobs report, shaved much of the week’s accumulated losses.The Dow Jones Industrial Average fell 1.24%, while the Standard & Poor’s 500...
Read MoreCelebrating Impactful Asian Americans Throughout History
May is Asian American and Pacific Islander Heritage Month. America owes much to Asian American and Pacific Islander citizens. This year, we would like to recognize the leaders, artists, scientists, and athletes of Asian American and Pacific
Read MoreWeekly Market Insights: Stocks Rally As Attention Shifts to Fed's May Meeting
Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week.The Dow Jones Industrial Average gained 0.86%, while the Standard &...
Read MoreWeekly Market Insights: Stocks show small losses after mixed week
Stocks remained resilient last week amid mixed earnings reports, hawkish Fed-speak, and lingering recession fears, closing out the five trading days with small losses.The Dow Jones Industrial Average slipped 0.23%, while the Standard &...
Read MoreExercise Your Financial Muscles to Get Financially Fit
What is financial fitness? We are all familiar with the term physical fitness, and if pressed for a definition, we might define it in terms of our strength and health level. When it comes to an explanation of financial fitness, the...
Read MoreHow to Save Money on Pet Care
Americans love their pets. Whether it’s dogs and cats or parakeets and fish, we can’t get enough of our furry and gilled friends. Check out this great article on ways to save. Save Money on Pet Care with These 21 Tips...
Read MoreSiblings and Birth Order - How Does that Affect Money Behavior?
Happy National Sibling Day! And whether you have fond or fraught memories of growing up together, how you relate to your siblings has a lot to do with how you manage your money. Check out this great article on how birth order affects your m
Read MoreMoney Draining Food Myths
The road to better health may sometimes involve an extra expense here and there, but you should be careful about wasting money on diet ideas with promises that are more based on myth than fact.
Read MoreFDIC Insurance, SVB & Signature Bank
When events like Silicon Valley Bank (SVB) and Signature Bank happen, it's natural to wonder how a bank safeguards your funds. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance was designed for this very reason:...
Read MoreWhat’s Going On With The Banks?
We wanted to share a quick update in light of the recent news about Silicon Valley Bank (SVB) and discuss our thoughts on its impact on the markets and future Fed moves.What happened?Regulators seized the assets of SVB on Friday, March...
Read MoreEstate Planning: It's time to update your beneficiaries
After arranging your accounts and property with an attorney or setting up retirement accounts, it’s easy to assume that you check those off your list forever. Unfortunately, it’s not as simple. Not only do tax laws frequently change, but so
Read More4 Elements of an Estate Strategy
Having an estate strategy puts you in charge of life's important decisions. Click HERE to watch a short video on the 4 basic elements of an Estate Strategy:
Read MoreFive Savings Secrets
Are you saving for the future?People often come to me asking for financial guidance. Some want to know how to invest or diversify the money they’ve saved, but others admit to me they’re just not sure how to save. If...
Read MoreEight Mistakes That Can Upend Your Retirement
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible.
Read MoreYour Shifting Risk Tolerance
When you created your investment strategy, your asset allocation should have reflected your goals, time horizon, and tolerance for risk. But over time, any of those three factors may have changed, and your portfolio may now need adjustment
Read MoreFun Financial Football Facts to Wow at Your Superbowl Party!
Everyone’s favorite sports holiday is around the corner … Superbowl Sunday!Not only does the big game significantly impact the overall economy, but the Super Bowl has long-lasting effects on the economy of the hosting...
Read MoreThe Underutilized Benefits of a Health Savings Account
Healthcare can be one of the priciest yet essential parts of life’s journey. And yet, many struggle to utilize the financial tools that may help. Take Health Saving Accounts (HSAs), for example.In 2019, 55% of those with HSAs...
Read MoreIdentity Theft Awareness Week
January 30 to February 3, 2023, is Identity Theft Awareness Week. Anytime is a good time to tighten up your identity security, but if you haven’t been as careful as you intended, consider this your annual reminder. Here are a few...
Read MoreOne Way to Find Extra Cash: Stop Wasting Money!
Stop Wasting MoneyBenjamin Franklin once said, “a penny saved is a penny earned.” One way to find the money to meet your spending or saving needs is to examine your current spending habits and consider eliminating money...
Read MoreWhat is an Emergency Fund and Why You Need One
Bad things happen to the best of us, and sometimes it seems like they come in waves. That's when an emergency cash fund can come in handy.
Read MoreSECURE Act 2.0: An Overview
In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement.
Read MoreRefresh your budget for the new year
Following a budget is one of the essential steps to securing your financial future. Coming out of the holidays always creates an opportunity to review your budget and refocus. Not only that, inflation has skyrocketed to levels not seen...
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