Congratulations You’re Newlyweds…But Now You Have to Talk Money

Congratulations, you are now a newlywed but now you have to talk money. What does that look like? How do you merge your finances?

 

We always look forward to sitting with newlyweds here at North Main Financial. It’s such an honor to go through the excitement and enjoyment of that occasion with each couple. Of course, we also talk about planning. Those plans can take on several looks but most specifically, here at North Main Financial, we are looking at financial plans.

 

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Should I Make Changes to My Portfolio Based on Tariffs?

A unique item that is happening in our macro economy, in terms of its impact and the headlines it has been generating, are tariffs. We receive a lot of questions about tariffs, especially those between the U.S. and China, and how they affect our economy and individual portfolios. Well, the not so popular answer is…it depends.

 

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The Payroll Tax Holiday and What It Means For You

On September 1, 2020, the President’s office gave an executive order that would delay certain payroll taxes until 2021. You may or may not have been aware of this payroll tax holiday and may even be asking, what does it mean? Some of you may have already seen this in your paycheck in the form of more money but how does it work?

 

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Should I Be Investing In Gold Right Now?

Is gold or silver a good investment for your portfolio? This is a question we receive with some regularity, especially when prices are going up. The not so favorable answer is it depends. Every situation is unique so you want to reach out to your advisor, or you can reach out to us here at North Main Financial Group, to see if this is the right move for you.

 

Here are three things to remember:

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How To Balance Student Loans and Retirement

As we work with younger clients here at North Main Financial Group on their financial planning, there is one question that comes up with frequency. What should you do in terms of combining the ideas of paying down student loan debt and saving for retirement? The answer is simple, it depends.

 

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Are You Financially Prepared For a Divorce?

The emotional and psychological effects of divorce are far reaching. But what about the financial aspect of a divorce? People are usually not financially prepared for a divorce. For a couple getting divorced, there are many considerations when it comes to finances including children, assets, debt, the list goes on. Every situation is unique, but we’ve outlined a few big-picture ideas for you to reflect on if you find yourself experiencing this major life event.

 

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Help, How Do I Get Started With Financial Planning?

One of the questions we receive a lot at North Main Financial Group is, “How do I get started with financial planning?” That’s usually followed up with questions about 401Ks, investing in the stock market, saving for college, insurance needs…the list goes on. It’s a big, broad question which can’t be answered in a few hundred words here. However, there are a few things to think about as you think about putting a financial plan in place and possibly consider consulting with a financial advisor.

 

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Three Thoughts To Help You Ride The Waves Of The Stock Market

Many of you have been watching the stock market over the last several months and it’s no surprise that’s it’s been quite a rollercoaster. In fact, if you think about it in terms of being on a boat and riding the waves of the ocean, it can make you quite seasick. There were huge negative movements in March of this year and since then, it’s almost been a V out when you think of it graphically. In fact, the market has gotten pretty close to where we were before the effects of COVID-19. So, what does that mean? It means a whole lot of things but here are a few key thoughts.

 

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3 Considerations When Planning to Save for College

One of the most foundational items, especially for young families, that we look at here is the insurmountable cost of planning for college. When planning for college, there are many factors that play a part in the decision-making process. Do you have more than one child; will you pay for some or all of their college expenses; what will the cost of college be in the future; the list goes on. Not to mention the factors you can’t control like will your child choose a private university, trade school, in-state, out-of-state, and again, the list goes on.

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