Posts by Scott Voigt, CFA, CFP®, CPA
20 Second Advisor: 20 year-old money mistakes
You are in your 20s. Oh the age where you just graduated from college, are starting to earn a paycheck, and living on your own. While the novelty and newfound freedom is fun, make sure to avoid these pitfalls in your 20s: Spending more than you make Using credit cards and not paying them off…
Read More20 Second Advisor: How will the upcoming election impact the market?
On November 3rd, millions of Americans will cast their vote for the next President of the United States. See below for the hypothetical growth of wealth for an investor who put $1 in the S&P 500 Index in January 1926. The chart lays out the political party of the President in office; red denotes a…
Read More20 Second Advisor: How to improve
Meditate Set goals Read daily Judge less Eat healthy Love yourself Wake up early Start a journal Quit a bad habit Ask for feedback Learn a new skill Believe in yourself Start a new routine Plan a new strategy Learn how to invest Don’t make excuses Stop procrastinating Review your finances IG source: @marketingmentor.in
Read More20 Second Advisor: July 15th deadline for retirement and education contributions
The July 15, 2020 nationwide deadline for filing an individual income tax return for tax year 2019 is approaching. It is also the deadline for certain contributions to IRAs, Roth IRAs, and Coverdell Education Savings Accounts (CESA). A few things to remember IRA contribution limit for tax year 2019 is $6,000. Anyone over age 50…
Read More20 Second Advisor: What are the “We gottas” in your life?
I was running with Taylor and Thad last week on the beltline. We started talking about the various things/expenses in life that always seem to pop up. We like to call them the “We Gottas” in life. Here were a few of the ones we came up with: We gotta live in this neighborhood. It…
Read More20 Second Advisor: Getting prepared for unemployment
Unemployment probably never crossed your mind until COVID-19 hit. If you or someone you know may be affect, here are a few practical steps you can take to make sure you are prepared: Cash is king. Make sure to prioritize beefing up your emergency cash savings. We recommend having 3-6 months worth of expenses set…
Read More20 Second Advisor: PPP and pursuing loan forgiveness
As the Paycheck Protection Program (PPP) enters the second round of funding, loan recipients should be considering a thoughtful approach to pursuing loan forgiveness. Although the loan forgiveness parameters are still being clarified, the key elements for forgiveness are discussed below. Have a plan for spending during the 8 week period. You will need to document…
Read More20 Second Advisor: How to better yourself during quarantine
With COVID-19 almost affecting everyone’s day to day lives, it’s not easy staying focused or motivated. If you have been craving more productivity or purpose during quarantine, here are a few free ways to better yourself: Learn how to cook: Several “top” chefs have offered cooking classes free of charge. Check out Christopher Kimball’s Milk…
Read More20 Second Advisor: Budget considerations amid COVID-19
As we brace for the impact of COVID-19 and await policy interventions, here are a few considerations to keep in mind to stay financially resilient: Budget– revisit your budget and see if you can trim expenses in certain areas. It’s one of the most useful and essential steps during difficult times Service providers– reach out…
Read More20 Second Advisor: Coronavirus and the hysteria cont’d
I read a great article about the coronavirus that helps put it into perspective. Here are some of the main talking points: There are 79,331 cases worldwide, all but 2,069 are in China (as of Monday February 24th 2,595 deaths in China and 23 elsewhere in the world Death rate is around 1 % or…
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