Blog Archives - Page 4 of 25 - Atlanta Financial Associates, LLC

As the Coronavirus Continues, Avoid These 5 Retirement Mistakes

October 6, 2020

The COVID-19 pandemic hit hard in early 2020, and it continues to remain prevalent as we near the end of the year. Whether you’ve just recently retired, or it’s coming up in the next few years, it’s likely the virus has brought about some financial uncertainty regarding your readiness for retirement. Before making any sudden changes, it’s important to remain rational and avoid these five big retirement mistakes.

The Financial Action Checklist

September 29, 2020

From radio to TV to social media, the how-to lists on managing money and building wealth are a gracious plenty. Some are good and some are less so. Our FIT™ Perspectives Podcast team recently began to work through some of the most notable of these resources to consider how we would re-prioritize the “steps” and further expand upon some very over-simplified guidance. The outcome is the “Financial Action Checklist” (FAC) and it is designed for those who not only desire financial stability but seek pure financial independence.

2020 Tax Code Changes: What You Need to Know

September 22, 2020

Most of us have either filed or are wrapping up our 2019 tax filing by this point. A common question we receive is what will happen to taxes after the election? Government spending has increased (especially in response to COVID-19 packages) and an increase in revenues will be needed. Of course, finding consensus on where to increase taxes will not be likely. At Atlanta Financial Associates, we pay much attention to proposed changes and right now that is all they are, possibilities. Often, leaders float ideas to see what gains traction. A couple of the proposals being ‘floated’ right now include…

Why People Who Spend Money on Experiences are Happier

September 15, 2020

When we spend money on ourselves and the people we care about, we’re likely doing more than simply buying things. On a deeper level, our ultimate goal is to create feelings of happiness, satisfaction and well-being. 1

But are we actually spending our money in the best ways to achieve those results? Many of us spend in ways that do little to help us get what we truly want. Researchers say that there is a relationship between how we spend money and happiness, so the good news is that we have the opportunity to shift our spending patterns to help increase our happiness and help us create more meaningful lives. So, where do we begin?

Narrow Market

September 9, 2020

Those following the stock market may realize that the S&P 500 hit a new all-time high on 9/2, building on the August 18th high which wiped out all its losses from the coronavirus sell-off, and surpassing the previous high of February 19th. However, a CNBC analysis shows that many stocks have yet to climb back to their prior levels. For example, between the prior market high on February 19th and August 18th, when the market first surpassed the previous high, 38% of stocks in the index made gains while the remaining 62% were still negative.

3 Tough (Yet Inevitable) Financial Questions Early Career Physicians Must Answer

September 2, 2020

There is no doubt about it, becoming a physician is not easy. You spend years training to be able to make life-altering decisions, sometimes at a moment’s notice. Chances are you feel comfortable making these types of calls, but less confident when it comes to making major decisions that affect your finances. And who can blame you? Decades of demanding medical education may have prepared you to become a great physician, but offers little in the way of financial guidance. But discomfort or trepidations aside, you’ll have some tough decisions nonetheless.

Category: Blog