Posts tagged Coronavirus
How to Budget Wisely during a Recession
How to Budget Wisely during a Recession

There are only so many things within your control, and cash flow planning is one of them … regardless of whether we are officially in a recession or not. Budgeting wisely is crucial during your family wealth-building journey.

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New + Noteworthy, TacticsDeb MeyerRedefining Family Wealthbudget, budgeting, cash flow, cash flow plan, cash flow changes, unemployed, hours reduced, business income, business expense, PPP loan, COVID-19, Coronavirus, fixed expenses, discretionary expenses, change of income, income reduction, pandemic, small business, estimated taxes, personal finance, business financesComment
What to do with your 401(k) plan
What to do with your 401(k) plan

Whether retirement is near or far away, you’ve been assured that more savings now generally leads to a bigger nest egg later. You believed that diligence and determination were the keys to building wealth.

So, in today’s uncertain economic environment, what do you do with your employer-sponsored 401(k) or 403(b) plan?

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New + Noteworthy, TacticsDeb MeyerRedefining Family WealthCOVID-19, Coronavirus, djia, dow jones, stock market, stock market crash, stock market volatility, wealth, wealthy, emergency fund, opportunity fund, retirement plan, retirement savings, retirement, how much to save for retirement, 401k, 403b, economics, investment, investment accounts, Investment Strategy, Amazon, bonds, fixed income, target-date, target asset mix, stock, mutual fund, equities, rebalance, self-directed, investment advisor, risk tolerance, conservative, aggressive, loss aversion, stock declines, financial anxiety, market volatility, stock market swings, 401k contributions, take money out of the 401k, IRA, IRA rollover, Fidelity, Schwab, financial planningComment
How to Build Wealth During Scary Times
How to Build Wealth During Scary Times

There are a lot of questions and very few answers. Anyone who tells you they can perfectly predict the future is a liar. We must fumble our way through this confusing maze of information and find a new normal.

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New + Noteworthy, LegacyDeb MeyerRedefining Family Wealthsocial distancing, Coronavirus, unprecedented, COVID-19, travel, events, scared, uncertainty, virtual school, virus, working from home, unemployment, stock market crash, market timing, control, routines, God, Jesus, faith, long-term, crisis, attack, amygdala, decision making, vaccine, recovery, opportunities, rebalance, refinance Comment
Will the Coronavirus Bring our Economy Down?
Will the Coronavirus Bring our Economy Down?

There are over 80,000 confirmed coronavirus (COVID-19) cases, and the global death toll is around 2,700. The first outbreak began in Wuhan, China, but cases are popping up in other parts of the world: Italy, Iran, Japan and South Korea. Even the U.S. isn’t exempt from this concerning virus: the CDC has 14 confirmed cases in the United States over the last month. Federal health authorities are preparing for a pandemic.

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New + Noteworthy, TacticsDeb MeyerRedefining Family WealthCDC, China, Coronavirus, Economy, Economic Growth, SARS, GDP, Interest Rates, putting first things first, Within Your Control, Perspective, 2008 Recession, Teaching moments, Rebalance, WorthyNest, Investment Strategy, Target Asset Mix, Asset AllocationComment