Relocating is something people may consider when they begin retirement or work it into their retirement plan. Now with so many people switching to a remote work style, there may be the opportunity to move to your dream retirement location before you even retire.
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CNBC.COM
With remote work flexibility, some people opt to relocate ahead of their retirement
21% of parents said that they had to change or reduce their work hours to accommodate at home learning or changes to childcare. This presents a tough financial decision for parents across the U.S.
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CNBC.COM
21% of parents had to reduce work hours because of remote school: survey
We're excited to share that we will be hosting a Pumpkin Patch event at both of our office locations! This event will be socially distanced and we will be taking all safety precautions necessary.
Join us:
October 22nd between 2-4pm at 9 Tenth Street, Priest River, ID 83856
OR
October 26th between 2-4pm at 515 Pine Street, Suite D, Sandpoint, ID 83864
Each child will be able to pick out a pumpkin and receive a carving kit. This is first come first serve and we will have a guaranteed 150 pumpkins at each location. We can't wait to see you there!
Navigating your road to retirement can be a tricky process, but you will at least want to avoid making these 6 financial choices:
https://www.vbt.io/goto/1taB
#GatewayFinancialPartners #GFP #Retirement #Savings #FinancialPlanning
AARP.ORG
6 Financial Decisions That Could Impact Your Retirement
While you may have missed out on a vacation this summer, some Americans are turning to buying vacation homes. Before you consider investing in your very own vacation home, you'll want to think about the pros & cons, as well as all the financial aspects that go into it.
Learn More Here: https://www.vbt.io/goto/1taA
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MSN.COM
5 Considerations Before Buying a Vacation Home
Mortgage company, Freddie Mac, says that 30-year fixed-rate mortgages dropped to a new low based off it's survey that goes back almost 50 years. This is an appealing factor to many home buyers, and even current homeowners who are ready to refinance.
Read more here: https://www.vbt.io/goto/1taz
#GatewayFinancialPartners #GFP #Mortgage #realestate #loans
FINANCE.YAHOO.COM
US mortgage rates have dropped to another all-time low. Can they go even lower?
Understanding taxes before you retire is important so you know how much will be deducted from your retirement income. The percentage of income taken in federal taxes varies greatly, depending on the size of the retirement income.
Learn more: https://www.vbt.io/goto/1vCp
FORBES.COM
What You Need To Know About Taxes And Your Retirement
With the pandemic taking a toll on the economy, U.S. shoppers are changing their spending habits. Based on the U.S. Census Bureau, sales dropped drastically in April 2020, but as of August 2020, they are back on the rise as people spend money on restaurants, bars, furniture and electronics.
Learn More: https://www.vbt.io/goto/1vCo
NPR.ORG
People Are Spending More On Furniture, Clothes, Restaurants And Bars
A huge concern for people as they approach retirement and when they’re in retirement is: How can I ensure I don’t outlive my money? This Forbes article discusses different theories people have tried to spend less in retirement.
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FORBES.COM
How To Spend Less In Retirement: Fewer Lattes Or The Big Cut?
Many families are worried about the affordability of college due to the pandemic. Therefore, it is extremely important to get your FAFSA application completed and submitted soon, so you are not missing out on thousands of dollars of first-come, first-serve aid.
Learn more: https://www.vbt.io/goto/1vCq
FORBES.COM
Civic Nation BrandVoice: Unlocking Financial Aid To Make College More Affordable
Pumpkin giveaway at our Priest River office TODAY 2-4 pm. Come see us!!!
The U.S. is predicted to reach the $50 trillion mark in debt by 2030. Before that happens, it is important to consider five factors sooner than later: raising taxes won’t solve the problem, debt is future income brought forward, consider banks buying the debt, understand the difference between quantitative easing and MMT and accelerating technological transformation.
Read more: https://www.vbt.io/goto/1vCs
FORBES.COM
5 Consequences Of US Debt At $50 Trillion
Have you considered relocating for retirement? When considering where you will end up, you should consider things like affordability and what will be taxed. CNBC has reported the top 5 U.S. cities for retirement, and four out of the five locations are in Florida.
Read more here: https://www.vbt.io/goto/1vCr
CNBC.COM
Here are the top 5 U.S. cities for retirement
Happy Halloween from Gateway Financial Partners.
Trudy kept her family tradition of baking pumpkin sugar cookies, and loved every moment. How about you?
Retirees sometimes feel like they’re being pulled in two different directions when they reach retirement age. On one hand, they should conserve their nest egg to prepare for longer life expectancy along with the rise of long-term care. On the other, the IRS requires retirees to start drawing down their savings with required minimum distributions at age 72. A specific contract satisfies both goals.
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KIPLINGER.COM
The Annuity With a Tax-Planning Twist | Kiplinger
Halloween is this Saturday! With recommendations against door to door trick or treating, families are looking for fall and Halloween activities to do with their children. Check out this article, detailing what activities are low, moderate and high risk this spooky season.
Check it out: https://www.vbt.io/goto/1vCt
#GatewayFinancialPartners #GFP #FinancialPlanning #Halloween #FamilyFun
CONNECTICUTCHILDRENS.ORG
Which Fall Activities Should You Avoid During COVID-19?
Great Pumpkin giveaway at Gateway Financial Partners! Sandpoint, Idaho. October 26th.
Tomorrow is Veterans Day, which means that many organizations are recognizing the service our military members have done for our country. This list by Forbes outlines deals offered to those who bravely served our country. Read more here: https://www.vbt.io/goto/1y93
FORBES.COM
Most Popular Offers For Veterans Day 2020
As the US battles the third peak of coronavirus cases, there are talks of jobless Americans losing their unemployment benefits at the end of the year. More and more people are experiencing permanent job losses and according to the Bureau of Labor Statistics, there are about 2 unemployed workers for every job opening in the US. Find out more here: https://www.vbt.io/goto/1y92
CNBC.COM
Millions poised to lose unemployment benefits in 'enormous cliff' at year's end
Out of the 50 richest private colleges in the US, very few are offering relief due to the coronavirus pandemic. Despite most of these institutions classes being held in online zoom meetings instead of on campus, over 30 of these schools have raised their prices during one of the worst recessions in history. Read more about it here: https://www.vbt.io/goto/1y95
FORBES.COM
How America’s Richest Colleges Are Getting Away With Charging More While Providing Less During Covid
Sometimes people receive an unexpected inheritance and don't know what to do with it. It's important to not make any decisions at this time that are irrevocable. Most of the time assets being passed to beneficiaries are not taxed, however if you sell an inherited asset you may owe taxes on appreciation. Find out more here: https://www.vbt.io/goto/1y94
CNBC.COM
Here's how to handle an unexpected windfall of money
If approved via emergency-use authorization, Medicare beneficiaries are expected to get a free COVID-19 vaccine. The majority of these beneficiaries are afe 65 or older- the age group identified as high-risk. Read more here: https://www.vbt.io/goto/1y96
CNBC.COM
Early vaccines for Covid likely to be free for Medicare beneficiaries
Happy Thanksgiving from my family to yours! #happythanksgiving #gatewayfinancialpartners #GFP
Many Americans are worried about social security going bankrupt. And even though this isn't necessary true, it is important for workers today to be planning for their own future with a personalized retirement plan and a 401(K) or IRA account. Find out more here: https://www.vbt.io/goto/1y97
MONEY.CNN.COM
Retirees are losing their faith in Social Security
If you’re considering early retirement, this may be the best time. Many companies are offering new and improved retirement packages due to the financial impact of COVID-19. If this is something you are considering, you might want to inquire about more information while the time is on your side! This Forbes article discusses the benefits and costs of making this important decision. From mortgage payments, Social Security benefits, and retirement assets.
Read more here: https://www.vbt.io/goto/1AKk
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FORBES.COM
Can I Afford Early Retirement?
As December starts the holiday season, it is important to set priorities. Whether that be making a shopping list, budgeting with a gift exchange, or going all out on your holiday savings, make sure you have a plan. But most of all, have a happy holiday season!
#GatewayFinancialPartners #GFP #FinancialPlanning #HappyHolidays #December1st
We are excited to announce something that will surely bring some holiday cheer to Sandpoint!
Between December 1st - December 20th, we will have our very own Santa mail mailbox outside of our office! Bring the kiddos by to drop off their letters to Santa or send them in by mail 🎅 Make sure to leave a return address with your letters because Santa will be sending a letter back to every child that participates!
The mailbox will be located at our Sandpoint office: 515 Pine St., Sandpoint, ID 83864
Santa is so excited for this holiday season and so are we! Make sure to share with your family & friends
Ever wonder how America’s billionaires became so wealthy? Everyone seems to have their own opinions on what the best way way to invest is. Join Forbes as Warren Buffet explains his personal advice from fund portfolios to retirement.
Read more here: https://www.vbt.io/goto/1AKm
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FORBES.COM
How To Invest Money Based On Advice From Warren Buffett
With COVID-19 taking a toll on all of our financial abilities, it is important to educate ourselves on the different government assistance programs. From unemployment insurance (UI) and federal pandemic unemployment compensation (FPUC) to lost wages assistance (LWA) program, Investopedia’s article tackles these critical issues.
Read more here: https://www.vbt.io/goto/1AKl
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INVESTOPEDIA.COM
Where to Look for Help From the Government
Are your student loans set to expire soon but you’re not sure what to do now? Don’t be shy to ask questions on how you can lower or spread out your payments. While you’re at it, try to take advantage of interest free opportunities. To learn more, check out this Kiplinger article that discusses different options to handling your student loan debt.
Read more here: https://www.kiplinger.com/personal-finance/credit-debt/loans/student-loans/601834/my-student-loan-relief-is-set-to-expire
#GatewayFinancialPartners #GFP #FinancialPlanning #StudentLoans #Debt
KIPLINGER.COM
My Student Loan Relief Is Set to Expire, What Now? | Kiplinger
In CNBC’s article, Dennis Morton, founder and principal of Morton Brown Family Wealth, discusses 5 lessons the pandemic taught him: new perspectives, average returns, unexpected catalysts, no excuses, and most importantly building compassion. What lessons did the pandemic teach you?
Read more here: https://www.cnbc.com/2020/12/01/op-ed-here-are-5-lessons-the-pandemic-taught-this-financial-advisor.html
#GatewayFinancialPartners #GFP #FinancialPlanning #NewPerspectives #AverageReturns #BuildingCompassion
CNBC.COM
Op-ed: Here are 5 lessons the pandemic taught this financial advisor
Many people think that all debt is bad, that you shouldn’t owe people money due to high interest rates. Though, some can be good if it is strategic. For example, when buying a house you will most likely have to take out a mortgage, though this is an investment because your house will likely increase in value. Student loans are similar in that most young adults don’t have the ability to pay out of pocket for their schooling, but then can’t get a job without it. Contrasting housing mortgages, cars depreciate and are likely not one of the best investments. Lastly, credit card debt is easy to fall into but hard to climb out of.
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KIPLINGER.COM
Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’? | Kiplinger
With 2020 coming to an end, it may be time to start thinking about rearranging your plans for the new year. If your investments haven’t performed as well as you would’ve hoped, for the new year maybe you should take a closer look at your investment portfolio. If this past year has taught us anything, it’s that we should take advantage of opportunities before we are unable to. In a financial mindset, it is important as ever to have a plan to confidently transition into the new year. If you’re looking for advice for a fresh start, check out Kiplinger’s article.
Read more here: https://www.vbt.io/goto/1BM0
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KIPLINGER.COM
PODCAST: Where to Invest in 2021 with Anne Kates Smith | Kiplinger
‘Tis the season to have a Merry Christmas! Sending you love and Christmas cheer from our office to your home!
#GatewayFinancialPartners #GFP #FinancialPlanning #MerryChristmas #HappyHolidays
Not all end-of-life decisions are covered in a will, though it is a great place to start so that your loved ones know your wishes. Without one, courts may get to decide, though even with one some assets may need to be addressed separately. CNBC’s article discusses all of the aspects of a will’s limitations, navigating through the big decision, how to get one, and considering a trust.
Read more here: https://www.cnbc.com/2020/11/29/not-all-end-of-life-decisions-covered-in-a-will-what-else-you-need.html
#GatewayFinancialPartners #GFP #FinancialPlanning #Will #Assets #Trust
CNBC.COM
Not all end-of-life decisions are covered in a will. Here's what else you need
Sometimes meeting end-of-the-year deadlines can be daunting, this Forbes article discusses how to make it easy, take a breath, and treat yourself. For example, use the FSA money your employer might have allowed you to keep tucked away for dental or vision care before it’s too late. You might also consider checking other deadlines you might be missing.
Read more here: https://www.vbt.io/goto/1EH2
#GatewayFinancialPartners #GFP #FinancialPlanning #2021 #HappyNewYear #Spending #Insurance #EndOfYear #Forbes #TreatYourself #Dental #Vision #Deadlines
FORBES.COM
New Year, New You
If 2020 has taught us anything, it’s to take advantage of opportunities when they present themselves. Here at the Gateway Financial Partners office, we would like to welcome the new year with you! Happy 2021!
#GatewayFinancialPartners #GFP #FinancialPlanning #2021 #NewYear
For the first time in 28 years, Georgia went blue in the 2020 Presidential election. As elections in Georgia continue, investors look for clues to see which party will control the Senate. While the world waits, the markets rise. What do you think will happen?
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#GatewayFinancialPartners #GFP #FinancialPlanning #Markets #Nasdaq #DowJones #Georgia #Senate #Democrat #Republican #Independent
WSJ.COM
U.S. Stocks Climb Ahead of Georgia Elections
Recently the stock market made big moves in leading companies such as Nio, Tesla, Roke, Lululemon, etc.
Read more here: https://www.cnbc.com/2021/01/11/stocks-making-the-biggest-moves-midday-nio-tesla-roku-lululemon-more.html
#GatewayFinancialPartners #GFP #FinancialPlanning #StockMarkets #News #Tesla #Nio #Roku #Lululemon #CNBC
CNBC.COM
Stocks making the biggest moves midday: Nio, Tesla, Roku, Lululemon & more
From the pandemic causing a greater reliance on Wifi to the release of a new iPhone, 30+ experts share with Fast Company their predicted top tech trends of 2021.
Read more here: https://www.vbt.io/goto/1FbX
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FASTCOMPANY.COM
Here are the top tech trends of 2021, according to 30+ experts
Are your student loans set to expire soon but you’re not sure what to do now? Don’t be shy to ask questions on how you can lower or spread out your payments. While you’re at it, try to take advantage of interest free opportunities. To learn more, check out this Kiplinger article that discusses different options to handle your student loan debt.
Read more here: https://www.kiplinger.com/.../my-student-loan-relief-is...
#GatewayFinancialPartners #GFP #FinancialPlanning #StudentLoans #Debt
Have you received your $600 stimulus check yet? Many people are still unsure where their payment stands. CNBC discusses the steps to assess whether you're eligible for the payment and how to claim it.
Read more here: https://www.cnbc.com/2021/01/25/payment-status-not-available-how-to-get-your-600-stimulus-check.html
#GatewayFinancialPartners #GFP #FinancialPlanning #LPLFinancial #Stimulus #Unsure #Payment #CNBC
CNBC.COM
'Payment status not available': What to know if you still haven't received your $600 stimulus check
