Making money is hard. Saving money is hard. However, sometimes, there are simple, easy steps that can be taken that can put thousands of dollars in your pocket. Here are three techniques you can implement right now that can do just that for very little time or effort: Shop your insurances. I know this sounds […]
Retirement FAQ: How Much Should I Contribute To My 401k?
FAQ: I’m just starting my first job and my employer offers a 401k with a match. How much do you think I should contribute each paycheck? Answer: We are so glad to see that as a young person you are thinking about your future. The most important factor to successful retirement savings is time. Allowing […]
Retirement FAQ: Why Do Bonds Fluctuate in Value?
FAQ: Why do bonds, which are supposed to be safe, fluctuate in value? Answer: Certainly, this is a question that is often asked by those in retirement trying to protect what they have. Let’s discuss this in two ways, individual bonds and bond funds. Although both are essentially bonds, they have slightly different risk characteristics […]
Retirement FAQ: High Dividend Paying Stocks
FAQ: Now that I’m retired, what do you think if I invest in only high dividend stocks for the income they provide? Answer: This is a question we get from time to time that can be very concerning. Anytime investors put most or all of their investments in one asset class, they are setting themselves […]
The Importance of Budgeting & Expense Tracking
Budgeting is arguably the most important aspect of financial planning. Saving, investing, insurance, retirement planning, and projections are useless if you have no idea how much money you are spending today and how much you would like to spend (or have the ability to spend) in the future. We all have a limited amount of […]
Retirement FAQ: What Should I Do Now That The Market Has Corrected?
FAQ: Now that the market has corrected and is down, should I be doing anything different with my retirement investments? Answer: This is an excellent question that we have been getting often since mid-March. As the COVID-19 crises continues to engulf our world in uncertainty, that lack of clarity has translated through to the manic-depressive […]
Stock Market Update – 4/24/20
We have just passed the one-month mark since the stock market bottom and since that time, stocks initially had a compelling rally off the lows followed by a period of malaise as volatility collapsed and the market now churns sideways. On behalf of the team at Zynergy Retirement Planning, we hope you, your family, and […]
Stock Market Update – 3/24/20
Market Update – 3-24-20 I want to start by saying that I hope all of you are remaining safe and healthy! Obviously, this is a challenging time for us all. More than financial, this pandemic has challenged us both physically and mentally. It has been a few days since my last post and in that […]
Stock Market Update – 3/18/20
Market Update – 3-18-20 The market continues its downward slide. Although it closed well off its lows today, the S&P 500 touched levels it had not seen since December of 2016. Many of you are concerned about what you have lost. Frustrated by the deteriorating value of your portfolio in just a few weeks’ time. […]
Market Correction: What to Do?
Last week, stock markets around the world corrected in a violent selloff. Most of the major indexes were down more than 15% at their lowest levels due to fears of a Coronavirus pandemic and the economic impact that would have. This, just a little more than a week from the S&P 500 making record highs […]
