In February, Spirit Airlines decided to transfer a portion of its operations from Miramar, Florida, to Nashville, Tennessee. The key driver of this decision was recurring hurricane and tropical storm risk. This means a loss of 240 jobs for the…
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Fixed Income vs. Stock Portfolio
Early this year, many stopped spending and began saving money. This wasn’t difficult as many areas of the economy were — and possibly still are — shut down. For some, vacation plans were canceled, and the normal level of entertainment…
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How to Navigate the New Unemployment Benefit
Federal unemployment benefits prompted by pandemic job losses expired at the end of July, and a recent flurry of government activity resulted in an executive order issuing $400 a week to people who are unemployed. The weekly benefit will help…
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How to Save During the Pandemic
While the pandemic has created many economic hardships, one silver lining has been a significant increase in personal savings. According to data from the US Department of Commerce, personal savings totaled almost $4.7 trillion in the second quarter of 2020,…
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Why You Need A Financial Plan Now
While the world may feel chaotic as the coronavirus pandemic continues to disrupt daily life, there’s no better time to get a hold on your finances. The future may seem uncertain, but having a strategy for managing your finances will…
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How to Take the Fear out of Financial Planning
Sometimes, we decide we’d rather not know the details of our finances. Maybe we’re worried that an in-depth look at our money would reveal spending habits we’d prefer not to acknowledge, or perhaps “ignorance is bliss” and we don’t want…
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Spotlight on Estate Planning and a New Presidency
While the end of the calendar year often elicits tax and estate planning questions, the political uncertainty in 2020 has led to an increase in inquiries on the subject. One real estate appraiser in Manhattan told a news outlet before…
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7 Mistakes First-Time Investors Should Avoid
Investing your money, whether in the stock market or a retirement account, is a good way to take advantage of compounding interest and secure your financial future. However, understanding risk levels and investment products can take time, and many new…
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Spotlight – Managing Your 529 College Savings Plan Amid the Pandemic
Due to the pandemic, colleges across the United States are starting to rethink their approach to how to provide an education. In response, many families are wondering whether paying for a college education is worthwhile right now. Recent statistics bear…
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This Is How the Presidential Election Could Impact Your Investments
While the 2020 U.S. presidential race remains front-page news, the outcome of the Nov. 3 election could significantly impact your income, tax bracket, and tax burden, as any changes in government officials could potentially alter the federal tax code in…
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