With record-low inventory, low interest rates, and high demand, the housing market is currently booming. Once the stress and drama of offers and counteroffers is over, you can finally enjoy being a homeowner—right? There’s no denying the hefty price tag, and as most of us are unable to purchase a house in full, we are saddled with a mortgage as soon as we cross the threshold. This debt is unavoidable, so how do you handle it moving forward?
A new year is often a time for fresh starts, intentional planning, and renewed motivation to conquer goals and accomplish things that are important to you. And after the year we just had, a fresh start is just what we need. As you transition into 2021 and all this year will bring, take some time to think about your long-term plans and reevaluate your decisions, especially in the following key areas.
If you want to put your head down and just get through the rest of December so 2020 can be over, we get it. In the midst of canceled plans, work stoppages or adjustments, complicated family decisions, and (as if that weren’t enough) financial challenges, many Americans feel like they haven’t had much control over anything this year. But there’s one area where your actions can make a big difference today and down the road: your finances. So even though there are plenty of unknowns ahead, follow through on these 5 financial actions before the ball drops on December 31st to give yourself a leg up.
While creating a financial plan is in a different category than buying a car or putting an offer on a home, we believe it’s just as significant of an investment. It’s important that you know what to expect before you commit to the financial planning process with a particular professional.
There is little doubt that the COVID-19 pandemic has been one of the most challenging tests of resilience in recent memory. From the health crisis itself, to the resulting economic downturn and spike in unemployment, to the social unrest across the country – and the tremendous uncertainty and chaos which has accompanied it all – many have wondered when this crisis will end, and what they can do to weather the storm.
Life is full of unpredictable events. If you start thinking about everything that could go wrong, you’ll give yourself gray hairs and a hefty dose of anxiety. That’s where life insurance can help. It may not solve all your worries, but it does protect your loved ones if the worst-case scenario becomes a reality.