About Becca Mack

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So far Becca Mack has created 93 blog entries.

Getting Your Mind Right About Money Management

Although the basic idea of setting aside funds for retirement has remained constant over the years, the tools and overall picture are beginning to change. In the past, people were able to depend on pensions and Social Security benefits to carry them through retirement, but now it is equally vital to have a positive attitude [...]

2023-03-08T12:33:34+00:00March 3rd, 2023|Financial Planning, Psychology|

How to Practice Proper Legacy and Estate Planning

Transferring wealth to your family can be a complex process, and it is important to be aware of the risks and challenges involved. A significant number of wealthy families lose their wealth by the third generation, and therefore, it is essential to know the risks that affect wealthy retirees and have strategies in place to [...]

2023-02-28T03:47:56+00:00February 27th, 2023|Estate Planning|

Tax Tips for the Upcoming Tax Season

With the introduction of a new year behind us, the start of tax season is fast approaching. Completing federal income taxes is often a drawn-out and convoluted process, and it is inevitable that some mistakes will be made. Everyone knows that these small errors can have a large impact on tax refunds and can even [...]

2023-02-20T22:02:18+00:00February 20th, 2023|Taxes & Tax Planning|

Don’t Forget the Power of Compounding Interest

Einstein is quoted as saying that the most influential mathematical concept of his time, or "the eighth wonder of the world," is the concept of compounding returns.[1] Compounding interest is a financial concept that refers to the reinvestment of earned interest, allowing for the exponential growth of an initial investment. This can be a valuable [...]

2023-02-14T18:50:12+00:00February 14th, 2023|Investments|

Give the Gift of Financial Wellness to Future Generations

As you work your way towards retirement, chances are you have had to make a lot of financial decisions. It's likely you have made a few misjudgments, such as splurging on frivolous items in your twenties or choosing a less-than-ideal payment plan for your car loan or mortgage. However, through your journey, you have gained [...]

2023-01-27T21:58:25+00:00January 30th, 2023|Financial Planning|

The Economy Threw a Curveball at Retirees in 2022

The economy in 2022 posed difficulties for a lot of people, and retirees have had it even harder. The impact of the Russia-Ukraine conflict, the aftermath of the pandemic on the economy, as well as the increase in inflation and interest rates, have been felt globally. As we start off a new year, it is [...]

2023-01-26T16:30:53+00:00January 26th, 2023|Economy, Financial Planning|

Be the Financial Compass for Future Generations

Building towards retirement, you have made many financial decisions. Perhaps you maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that can now be passed on to your kids and grandchildren. [...]

2023-01-19T20:43:29+00:00January 19th, 2023|Financial Planning|

An Update on the Crypto Industry

In 2022, the crypto industry was shaken by as capital fled the crypto markets as inflation emerged and the economic recession ensued. Shady and even fraudulent activities were uncovered at some of the most established companies. Cryptocurrencies that were once considered by some as somewhat stable collapsed as a result. So, what is going on [...]

2023-01-09T16:22:12+00:00January 9th, 2023|Investments|
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