By Todd Youngdahl, CFP® and Maura Schauss, CFP®
By Maura C. Schauss, CFP®
Coincidentally, social distancing and spring cleaning are occurring simultaneously this year! For some, organizing and decluttering is a hobby, but for the rest of us, now is a perfect opportunity to not put off getting our finances in order any longer. Either way, having a good understanding of your finances will relieve some stress during this time because you’ll see where you can improve and what should stay the same.
- The federal income tax deadline for filing 2019 tax returns has changed from April
There are several types of money market funds: government (including US Treasury), prime, and municipal.
- When stocks do decline sharply, this can serve as a reminder that pullbacks are a regular part of investing.
By Maura Schauss, CFP® and Todd Youngdahl, CFP®
The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days and the volatility has continued.
Investors are understandably nervous about their money and their health. If you are worried about your portfolio, you’re not alone. But during stock market volatility, it’s important to keep a level head to avoid financial mistakes.