Monthly Investment Message: March 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

March 2017

Don’t Overwithhold Income Tax Money- Invest It

Many people deliberately have extra federal and state income taxes withheld from their paychecks. Two advantages of overwithholding are that there’s no access to this money and, therefore, it can’t be spent recklessly, and the refund makes a nice windfall once a year to pay off debts or buy “big ticket” items. Two disadvantages are that taxpayers must wait …

Monthly Investment Message: April 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

April 2017

The Rule of 72: Applications for Investors

To quickly estimate how long it will take for a sum of money to double, divide 72 by the expected interest rate that can be earned on a savings or investment product. For example, $2,000 placed in an IRA invested in a stock mutual fund would grow to $4,000 in nine years at an 8% average annual return (72 …

Monthly Investment Message: September 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

September 2017

Health Savings Accounts (HSAs): An Investment Opportunity?

Health Savings Accounts (HSAs) are a way that people can pay for unreimbursed medical expenses such as deductibles, co-payments, and services not covered by insurance. Eligible individuals can establish and fund these accounts only when they have a qualifying high-deductible health plan (HDHP). This means insurance with a deductible of at least $1,300 for individual coverage and $2,600 for …

Monthly Investment Message: November 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

November 2017

The Benefits of Financial Health

This article is adapted from a previously written blog post for the eXtension Military Families Learning Network: https://militaryfamilies.extension.org/2017/06/27/what-financial-health-means-to-me-ned/

After a successful course of treatment, many doctors tell their patients that their physical health status is NED, which is doctor-speak for No Evidence of Disease. The same NED acronym can also be applied to a person’s financial health: …

Monthly Investment Message: January 2018

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

January 2018

Two Tools to Assess Your Investment Risk Tolerance

Investment risk tolerance can be defined as the amount of volatility (i.e., change in the value of an investment) that an individual is willing to withstand, particularly on the downside (i.e., loss of money). It has sometimes been referred to as an individual’s “sleep at night factor” as in how much investment risk are people willing to take …

Monthly Investment Message: February 2018

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

February 2018

A Hierarchy of Financial Decisions

Health Savings Accounts (HSAs) are an account that people can set up to pay for unreimbursed medical expenses such as deductibles, co-payments, and services not covered by insurance. Eligible individuals can establish and fund these accounts only when they have a qualifying high-deductible health plan (HDHP). HSA money gets deposited tax-free, grows tax-free, and comes out tax-free, if used according to …

Monthly Investment Message: March 2018

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

March 2018

Factors That Promote Financial Success

During the last year, I had the opportunity to hear several well-known personal finance speakers talk about the characteristics and practices of financially successful people. Audiences are usually very interested in this topic because it provides a motivational roadmap and specific tips to follow.

 

At the 2017 Financial Planning Association (FPA) conference, the final general session speaker was financial author and …

Monthly Investment Message: February 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

February 2017

Factors That Affect Investment Risk Tolerance

To help investors objectively assess their investment risk tolerance, Rutgers Cooperative Extension has an online Investment Risk Tolerance Quiz at www.rce.rutgers.edu/money/riskquiz 

Developed by Dr. Ruth Lytton at Virginia Tech and Dr. John Grable at the University of Georgia, the quiz has 13 multiple choice questions and provides users with instant feedback about their capacity to handle investment risk. 

 

The questions …

Monthly Investment Message: January 2017

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

January 2017

Catch-Up Retirement Planning

A recent article stated that baby boomers and younger generations face a “perfect storm” of retirement planning challenges: a financial squeeze on Social Security, pension plan underfunding, and inadequate savings-and often high expenses-in 401(k)s and similar defined contribution plans. What to do? For many people, the answer is catch-up retirement planning.

 

Even people in their 50s with little or nothing invested have opportunities …

Monthly Investment Message: June 2015

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

Eight Tips to Avoid Money Squabbles

 

June is a month when many weddings occur. Unfortunately, many marriages eventually end in divorce (see http://magazine.foxnews.com/love/whats-divorce-rate for a thorough discussion of the U.S. divorce rate). Money and lack of communication about money-related issues (e.g., spending, use of credit, and investing) are said to be among the leading causes of disagreement among spouses which can lead to subsequent uncoupling.

 

Want to avoid …