Blog

Financial Planning: Buy or Lease a Car?

by Savvysite | Jun 11, 2018 | Financial Planning, The Savvy Minute, Uncategorized

Today’s tip will cover “Buying vs. Leasing a Car?” When it comes to buying vs. leasing a car, it really depends on your lifestyle, cash flow – meaning what income you have coming in and what expenses you need to cover monthly and your own personal preferences. Some...

Investing: What is a Diversified Portfolio?

by Savvysite | May 30, 2018 | Investing, SWWM, The Savvy Minute

Today’s tip will cover “What is a Diversified Portfolio?” A diversified portfolio should be diversified between asset classes such as stocks, bonds, and cash alternatives to name a few. And to take it a step further, a diversified portfolio should be diversified...

Financial Planning: What are 401k Catch Up Contributions?

by Savvysite | May 21, 2018 | Financial Planning, Retirement Planning, SWWM

“What are 401k Catch Up Contributions?” Contributions to a traditional 401k are limited to $18,500 in 2018. If you are over age 50, then you may be eligible to set aside up to $24,500 in 2018. That’s an additional $6000 of salary deferral just for being over 50. A...

Financial Planning: What Should I Do With My Student Loans?

by Savvysite | May 4, 2018 | Financial Planning, SWWM

“What should I do with my student loans?” If you have massive school loans, you might be feeling a little overwhelmed with your current debt. I would suggest you stop for a moment and take a deep breathe. With financial planning and a game plan, you can pay down your...

Investing: What is Diversification

by Savvysite | May 3, 2018 | Investing, SWWM, The Savvy Minute

“What is Diversification?” Diversification is an investment principle designed to help manage risk. The key to being diversified is to identify investments that may perform differently under various market conditions. By allocating your money among various types of...

What is a Simple IRA?

by Savvysite | Apr 24, 2018 | Retirement Planning, The Savvy Minute

“What is a SIMPLE IRA?” This is Catherine Magana with your Savvy Minute. Today I will give you another easy way tip for you to get Savvy about your finances. Today’s tip will cover “What is a SIMPLE IRA?” A SIMPLE IRA, is a Savings Incentive Match Plan for Employees...