financial planner plymouth ma - North Light Financial Services

What Could You Do With Your Tax Refund?

What Could You Do With Your Tax Refund? Instead of just spending the money, you could plan to pay yourself. About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1 What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save [...]

By info@northlightfinancialservices.com|2017-04-11T14:21:48-04:00April 6th, 2017|Financial Fitness, Income Taxes, Savings and Investing|Comments Off

Building an Emergency Fund

Building an Emergency Fund Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Lets call them Kurt and Diana. Together, they earn about $8,000 a month, but their household finances are being squeezed by education debt, rent, and the high [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00March 16th, 2017|Personal Finance, Savings and Investing|Comments Off

If Interest Rates Rise, What Happens to Bonds?

If Interest Rates Rise, What Happens to Bonds? Investors in longer-term Treasuries could really be punished. Are bond investors facing the possibility of major losses? Recently, bond yields have climbed. From November 1-23, the 2-year Treasury yield went from 0.83% to 1.12%, while the yield on the 10-year note rose from 1.83% to 2.36%.1 Quality bonds have a place in a portfolio, but many investors are moving their money elsewhere. They see a federal stimulus ahead in 2017, one that [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00March 2nd, 2017|Bond Market, Business/Economic News, Investing|Comments Off

Retirement Planning for Single Parents

Retirement Planning for Single Parents It is a challenge – and it must be met. How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without budgets – and because of that financial inattention, some of the money they could save and invest routinely disappears. When [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 16th, 2017|Retirement, Savings and Investing|Comments Off

Is Women’s Wealth Growing Faster Than Men’s Wealth?

Is Women’s Wealth Growing Faster Than Men’s Wealth? One study says yes. Two major factors may be influencing the trend. Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading business strategy advisor, says that as the world grew 5.2% wealthier between 2015 and 2016, women’s wealth grew 6.6%. In total, women own about $39.6 trillion in assets worldwide, and possess a 5% greater share of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 2nd, 2017|Personal Finance, Savings and Investing, Women & Finances|Comments Off