About Becca Mack

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So far Becca Mack has created 87 blog entries.

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|

Approaching Income and Net Worth Differently in Retirement

Your daily routine, from tying your tie in the morning to loosening it when you get home, has probably been done for most of your life. When you retire, your daily routine and your financial routine will shift as well. Your saving and wealth accumulation strategy was in place in your working years. But in [...]

2022-12-30T17:24:14+00:00January 2nd, 2023|Retirement Income, Retirement Planning|

2 Reasons 2022 Challenged the 60/40 Portfolio Allocation Strategy

The 60/40 allocation strategy is frequently recommended when beginning your investing journey. With 60% of your portfolio in equities and 40% in bonds or other fixed-income investments, this approach has traditionally provided a balanced benefit, with high growth potential from stocks and a safety net from bonds.[1] The assumption was that stock and bond markets would [...]

2022-12-22T22:16:49+00:00December 26th, 2022|Investments|

How Rising Interest Rates Affect Your Retirement Plan

The economy in 2022 has set multiple records, first with the highest inflation rate in 40 years, and now with the highest federal reserve interest rates since 2008.[1] The US Federal Reserve has raised interest rates six times in 2022, reaching a total of 3.75% in November to curb rampant inflation.[2] Higher interest rates should [...]

2022-12-20T17:05:11+00:00December 20th, 2022|Economy, Financial Planning, Investments|

Index and Mutual Funds – Key Differences

While an index fund and a mutual fund may appear identical on the surface, there are numerous key differences between them that might be vital to your retirement portfolio. Both index funds and mutual funds diversify assets, and they are typically invested in a basket of stocks that aims to meet certain investment goals. Overview [...]

2022-12-12T19:18:15+00:00December 12th, 2022|Financial Planning, Investments|

Know This End-of-Year Roth IRA Strategy!

One way or another, Individual Retirement Accounts will be involved in retirement planning these days. Whether you want to roll over a 401(k), time your withdrawals optimally, or make catch-up contributions, your IRA strategy may be one of the key components of your income strategy. However, there is a little-known timing strategy to get more [...]

2022-12-07T16:08:32+00:00December 5th, 2022|Retirement Income, Retirement Planning|

Remember the Financial Fundamentals for a Sturdy Retirement

Having a strategy for how to invest your money is crucial to achieving the retirement you hope for. With no external income coming in, you'll need to follow a new set of rules for managing your retirement income, expenses, and investments—not just to keep your portfolio growing—but to ensure you can live comfortably. To live [...]

2022-12-07T16:08:41+00:00November 28th, 2022|Financial Planning, Retirement Income, Retirement Planning|
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