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The CARES Act offers temporary relief on government backed student loans. The Act provides breathing room, but not loan forgiveness, except for one specific program. Interest waived for 6 months on federally guaranteed student loans: No action required Any payments made will be applied to principal Option to pause payments on the following… Read more »
In the midst of the financial crisis of 2008-2009, the Federal Reserve lowered interest rates to near-zero in an attempt to save the economy from collapse. Having staved off disaster, the Fed was unable to begin raising rates again until 2017-2018 (and then, very slowly). This decade-plus of low rates devastated savers and had… Read more »
This is a question we ask ourselves daily as we try to determine when is the right time to rebalance your portfolios. Rebalancing means re-positioning portfolios back to their target allocation by way of selling bonds (which are positive for the year) and buying stocks. It may seem as if things couldn’t possibly get… Read more »
Normal market fluctuations shouldn’t be a concern if you’ve prepared appropriately for market volatility and you should continue living your life and spending your money as you usually do. Here’s a 3-point checklist to see if you have done the work necessary to keep your finances on track regardless of what the financial markets… Read more »
You may be asking yourself: what is “fiscalosophy”? It is a key component in creating a successful financial plan. Other than a balanced portfolio, you also need to know what is important to you and why. Your backstory of how you view money and investments can have an impact on planning your finances. Have… Read more »
In just seven trading days, the S&P 500 went from an all-time high to now down 15% (incredibly, we are just 5% away from the first bear market since 2008). While the virus has yet to spread widely in the U.S., that outcome is now considered inevitable, and incidence of the virus has been steadily… Read more »
As part of the financial planning process at Ogorek Wealth Management, we talk about how market volatility is a normal part of investing and how we structure your investments to “weather the storm” which will maintain a comfortable level of income for you and your family during turbulent times. We also understand that even… Read more »
A big question that most people have when it comes to their money is: “How am I doing?” One way we tend to look for answers is by comparing what we have to what our neighbors, friends, and family, have. Even though we know deep down that “the grass is always greener on the other… Read more »
Vacation homes can provide years of enjoyment and fond memories for multiple generations of your family. They can also create an extra layer of headaches and expenses that prove more trouble than they’re worth. Here are 4 reasons to think twice before buying a vacation home, even if doing so won’t break the bank: … Read more »