Author: Earl Yaokasin
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Saving for College-Is a 529 Plan Enough
Saving for College – Is a 529 Plan Enough? Saving for College Does the thought of paying for your children’s college tuition scare you? According to bestcolleges.com, the average tuition and fees increased from $8,661 to $14,307 per year from 2000-2021. So, for a 4-year degree in 2024, you probably need to pay around $60,000…
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International Womens Day
International Women’s Day Women and Investing This year’s International Women’s Day is on March 8th. To celebrate, we wanted to write about women’s roles and views about investing. At first glance, it may be a little disheartening to see low investing participation numbers, but the future is bright as more and more younger women are…
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Investing 101
Investing 101 Saving for Retirement For the last 6 decades, it has become harder to save for retirement. Costs have skyrocketed and incomes haven’t kept pace with inflation. Do you remember the time when a one-income household was enough? Today, many households need two incomes to live comfortably. Planning for the future has become more…
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Repair Your Car or Buy a New One
Should You Repair Your Car or Buy a New One? Things to Consider Similar to being asked whether someone should buy or rent a house, I received another question: “Should you repair your car or buy a new one?” My 2005 Honda Civic just reached 100,000 miles and I have my car scheduled for a…
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Should You Buy or Rent a House
Should You Buy or Rent a House? A common question I’ve been asked a lot over the last decade is “Should you buy or rent a house?” Recently, I’ve been asked this question 5 times. This topic is so deep that it would require the research equivalent of a doctoral dissertation to answer this question…
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Do You Need an Emergency Fund
Do You Need an Emergency Fund? Having an emergency fund is the foundation for building and protecting wealth. Whether you have millions of dollars or are millions in debt, everyone needs an emergency fund. Your Financial Foundation If you have credit card debt (or other loans) and want to get out of it, you still…
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Is Your Financial Advisor Worth It
Is Your Financial Advisor Worth It? How Much Does Your Financial Advisor Really Cost? Financial advisors can provide valuable guidance and support as you work towards your financial goals, but how much does investing with a financial advisor really cost? Figuring that out will help you answer the question, “Is your financial advisor worth it?”…
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Index Funds Or Actively Managed Funds
WealthArch vs. Index Funds What are Index Funds? Over the last decade or so, index funds (also called passive funds) have grown in popularity. Index funds are a type of mutual fund that is composed of stocks that mirror a financial market like the S&P500. Their popularity is well deserved, because these funds charge very…
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401(k) Tips and Tricks
401(k) Tips and Tricks Flavors and Combinations Reviewing 401(k)’s is like visiting an ice cream shop. There are so many flavors and combinations you can get and making a decision may not be easy. I’ve provided a few 401(k) tips and tricks to help you figure out the right investment allocations. Assessing Risk Tolerance For…
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Investing Risk and Reward
Investing Risk and Reward Evaluating Risk/Reward Propositions No guts, no glory! High risk, high reward; low risk, low reward. These clichés are true, but when it comes to investing risk and reward, there’s more to unpack from these sayings. One needs to have the courage to take risk, but to do so in an undisciplined…
